Railways vs Rashmi Metaliks

The Calcutta High Court has granted an unconditional stay on the operation of a Rs 1,301 crore arbitration award won by Rashmi Metaliks Ltd against the South Eastern Railway (SER). It has observed that, prima facie, the same has been obtained through fraud and corruption by procuring silence of certain Railways officers who did not […]

Electricity Distribution

The zero bill for energy consumed under the Gruha Jyothi scheme kicked in on August 1. Karnataka energy minister KJ George said that 1.42 crore consumers are eligible for the scheme and will not pay power bills. In many districts, including Bengaluru, officials from various energy supply corporations (Escoms) handed over zero bills to consumers. […]

Green Hydrogen

ACME Group gets Rs 4,000 cr loan from REC for Oman green hydrogen project Renewable energy firm ACME Group said it has tied up a Rs 4,000 crore loan from REC Ltd for its green hydrogen and ammonia project in Oman. The amount will be used to commence the first phase of the project, to […]

Hydro Power

Arunachal inks MoA with 3 CPSUs, allots 12 hydropower projects Arunachal Pradesh government has allotted 12 hydropower projects to three CPSUs – NHPC Ltd, SJVN Ltd and NEEPCO Ltd. The total operational capacity of these 12 projects is 11,517 MW. The projects will be developed in partnership with the state government which will have a […]

Drones

PM: Drones to create 2 crore ‘lakhpati didis’ PM Narendra Modi has announced a new scheme to train members of 15,000 women’s self-help groups (SHGs) in the use of drones in the farm sector, and said his government was working with the aim of creating 2 crore ‘lakhpati didis’ in villages.  

Go Airlines

On May 2, 2023, Go Airlines (India) Ltd, owned by the Wadia group, filed for voluntary corporate insolvency resolution. Citing financial constraints due to US engine maker Pratt & Whitney (P&W) supplying defective engines, the company has suspended its operations. The company had been operating the airline since November 2005 under the brand name GoFirst […]

Water Cess by HP

Power ministry has asked states not to levy or impose tax or duty on generation of electricity especially from hydro projects for it being illegal and told them to withdraw any such levies promptly. Hydro power projects do not consume water to produce electricity. Electricity is generated by directing the flow of water through a […]