The major factor for rising prices of petrol and diesel is the global macro situation, said industry body ASSOCHAM but expressed hope the tax burden would be brought down to some extent. “It has been our stand that petrol and diesel should be brought under the Goods and Services Tax (GST). However, it may not […]
Day: September 10, 2018
Government to sign OALP-1 contracts on September 24
The government is likely to sign on September 24 contracts for 55 oil and gas exploration areas awarded under India’s maiden open acreage auction OALP-1, people with direct knowledge of the development said. The signing of contracts with the winners of Open Acreage Licensing Policy (OALP) round-1 was initially scheduled for September 6 but it […]
Madras HC gives relief to 2 private power companies; no action against their assets till hearing
The Madras high court has granted stay on referring two stressed power projects to NCLT. The court heard the plea of IL&FS seeking extension of deadline to refer its project to NCLT by 60-90 days. “IL&FS matter was heard today and has been listed for tomorrow. SBI has been asked to file a written submission […]
Private power firms withdraw applications from Allahabad High Court; considering to move SC
Private power companies including Essar Power, GMR Energy, KSK Energy and Rattan India have withdrawn their applications from Allahabad high court and are presently considering to approach the Supreme Court today. The companies had approached the high court on Friday seeking extension of deadline to refer their stressed power projects to insolvency court. The deadline […]
SpiceJet to be first Indian airline with dedicated cargo services on Sep 18
No-frills airline SpiceJet will launch its dedicated air cargo services from September 18. The carrier, which is working on ambitious business plans, Monday said it would operate the cargo services under the brand name ‘SpiceXpress’ and has a detailed plan for domestic as well as international routes. SpiceJet would be the first schedule domestic airline […]