The United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) have announced a USD 41 million-loan guarantee program to finance investment in renewable energy solutions by Indian SMEs. “USAID and DFC are jointly sponsoring a USD 41 million loan portfolio guarantee to help finance investments by Indian small and […]
Day: March 18, 2021
‘State discoms to get grants only if they meet previous year’s targets’
State power distribution companies (discoms) will receive grants in March each year under the Centre’s new results-linked scheme only if they achieve the milestones agreed for the previous fiscal. As per the ₹3 lakh crore programme, if a utility is found ineligible any year, then the gap in funding to complete its projects will have […]
J&K’s Ratle Hydroelectric Power Corporation to develop 850 MW project
The J&K Administrative Council (AC), which met here under the chairmanship of Lieutenant Governor, Manoj Sinha, on Tuesday approved the incorporation of the Joint Venture Company (JVC) under the name Ratle Hydro-electric Power Corporation to implement the 850 MW Ratle Hydro-Electric Project (HEP) on river Chenab at Drabshala in Kishtwar, Jammu and Kashmir, officials said. […]
IATA travel pass successfully trialled on first international flight
The International Air Transport Association (IATA) has announced the arrival at London’s Heathrow Airport of the first traveller using the IATA travel pass app to manage their travel health credentials. “The successful implementation of IATA travel pass in this trial with Singapore Airlines passengers demonstrates that technology can securely, conveniently and efficiently help travellers and […]
Crude oil price falls for fifth straight day amid rising US stockpile
Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook. Brent crude was down 12 cents, or 0.2%, at $67.88 a barrel by 0119 GMT after dropping by 0.6% on Wednesday. U.S. oil was also […]
Adani Green raises $1.35 bn to finance its renewable portfolio
Adani Green Energy Limited today raised $ 1.35 billion as debt for its under-construction renewable asset portfolio. The revolving project finance facility would initially finance the 1.69 GW hybrid portfolio of solar and wind renewable projects to be setup in four SPVs in the state of Rajasthan, a company statement said today. According to the […]
CBI summons businessman Amit Agarwal in coal pilferage scam
KOLKATA: The CBI has summoned businessman Amit Agarwal in connection with the multi-crore coal pilferage scam, sources said on Wednesday. Agarwal, an aide of kingpin Anup Majhi, has been summoned next week for interrogation in connection with the scam, they said. Sleuths of the CBI raided premises linked to Agarwal in Kulti, Durgapur and Kolkata […]
IAF Group Captain dies in MiG-21 accident during training mission
NEW DELHI: A group captain of the Indian Air Force (IAF) was killed in an accident involving a Mig-21 Bison aircraft in Gwalior on Wednesday morning, officials said. The pilot has been identified as Group Captain A Gupta. The accident took place at around 10:50 am, when the aircraft was taking off for a combat […]
States like Maharashtra should reduce taxes on fuel to give relief to people, says Union Minister Dharmendra Pradhan
NEW DELHI: Petroleum Minister Dharmendra Pradhan on Wednesday said states like Maharashtra should reduce taxes on fuel to give relief to consumers and remained non-committal on cutting central taxes. “I don’t want to do politics. In Maharashtra, especially Mumbai where they do politics and in that city state taxes are maximum. If they reduce taxes, […]
Air India Engineering Service Limited seeks Central intervention over delay in salary payment
NEW DELHI: A subsidiary company of Air India, Air India Engineering Service Limited (AIESL), has written a letter to Union Labour Ministry regarding delayed payment of salaries to its permanent employees by Air India. AIESL requested the Centre to take due cognisance of their concerns and to intervene in the matter immediately. “The purpose of […]
Taiwan, Pacific ally Palau to open travel bubble next month
TAIPEI: Taiwan and the Pacific nation of Palau will launch a travel bubble next month, allowing people to travel between the islands without a COVID-19 quarantine. Palau is one of Taiwan’s remaining diplomatic allies after China lured other countries to deny recognition of the self-governed island it considers part of its own territory.
TN, Karnataka in race to house India’s first EV-cum-Li-ion battery manufacturing facility
CHENNAI: Who will house India’s first integrated Electric Vehicles-cum-lithium ion batteries manufacturing facility? Tamil Nadu and Karnataka are locking horns to take the honours. Both the state governments have signed MoU with Elest Private Limited. Also, a Special Purpose Vehicle (SPV) has been incorporated by Bengaluru-based Rajesh Exports specifically for the project, which would attract […]