Iraq replaced Saudi Arabia as top crude supplier to India in April as refiners moved to boost their processing margins by purchasing the cheaper Basra Heavy oil grade, ship tracking and Thomson Reuters trade flow data showed. India’s April imports from Iraq topped 1 million barrels per day (bpd) for the first time, up by […]
Day: May 17, 2017
Kudankulam nuclear plant: GFA for units 5, 6 awaits PMO clearance
With barely a fortnight to go for a meeting between Prime Minister Narendra Modi and Russian President Vladimir Putin, a key pact on units five and six of Kudankulam nuclear plant awaits clearance from the Prime Minister’s Office (PMO). The General Framework Agreement (GFA) for units 5 and 6 of the plant in Tamil Nadu […]
India boosts nuclear power generation as cabinet approves 10 atomic plants
To ramp up nuclear power generation in the country, the Union Cabinet on Wednesday cleared a proposal to build ten indigenous pressurised heavy water reactors. Each reactor will have the capacity to produce 700 MW of electricity. “A total of 7000 MW capacity will be added. It will help produce clean energy,” Union Power Minister […]
Government tells NITI Aayog to draw a road map for ailing Air India
Amid the dilemma over spending Rs 50,000 crore on health, education or airline, the government has tasked NITI Aayog to devise a road map for ailing Air India, which may include recommendation for a strategic sale. The latest push to set the house in order in the beleaguered state carrier has been spearheaded from the […]
Modi govt has pumped Rs 16,800 crore into bleeding Air India
Documents reviewed by Business Standard show that the Modi administration has been aggressively pumping money in a bid to resuscitate Air India’s fortunes. From August 2014, a couple of months after the Narendra Modi led National Democratic Alliance (NDA) government assumed power, till March 2017, Rs 16822 crore have been infused into Air India from […]
DGCA issues new ‘stricter’ rules over notice period for pilots
In a dramatic move, the Directorate General of Civil Aviation (DGCA) has issued notice to aviation pilots mandating a notice period of one year for commanders and six months notice period for co-pilots before resignation. The announcement was made through a statement by Director General of Civil Aviation B.S Bhullar. The DGCA observed incidents of […]
Siemens digitalization solutions to connect Vedanta’s power plant fleet in India
Siemens has announced that it has secured an order for Digital Fleet Center Solution from Vedanta Ltd., India’s leading natural resources company to connect its power plant assets at Talwandi Sabo Power Plant (TSPL) in Punjab and Bharat Aluminum Company Limited (BALCO) in Chhattisgarh. Digitally linking these critical power units to Vedanta’s monitoring station will […]
CCEA gives nod to new coal policy for enough supply of fuel to power plants
A new coal linkage policy to ensure an adequate supply of the fuel to power plants through reverse auction received approval of the Cabinet Committee on Economic Affairs (CCEA) in New Delhi. “The CCEA today approved a policy for providing linkages to power plants,” official sources said. The new coal linkage policy for power plants […]
Turbo Megha gets AOC to expand UDAN flights to Mumbai, Shirdi
Hyderabad-based Turbo Megha Airways today received the Air Operator Certificate (AOC) from aviation regulator DGCA which will enable it to expand the UDAN flights to metros of other regions such as Mumbai. Turbo Megha Airways, which is the holding company of regional carrier TrueJet, has been granted the AOC under the scheduled commuter operator (SCO) […]