Electricity is indispensable for any modern and emerging economy. As a cascading effect of the pandemic-led lockdown, the global electricity demand was scarce in 2020. According to the estimates of a recent industry report, the demand growth for electricity witnessed a decline of 9.1 percent in March 2020 and April 2020. Now that the world […]
Day: March 26, 2021
Remove “distortions” in GST Act before bringing petrol, diesel under GST: Moily
Former Union Oil Minister and senior Congress leader M Veerappa Moily on Thursday said “distortions” in the GST Act will have to be removed before the government considers to bring petrol and diesel under the regime. He said states should be adequately compensated for revenue loss in the event of petrol and diesel being brought […]
Power Grid Corp acquires transmission company in Rajasthan
State-owned Power Grid Corporation on Thursday said it has acquired Bikaner-II Bhiwadi Transco Ltd (BBTL) which would implement a power transmission project. “Power Grid Corporation of India Ltd, pursuant to its selection as the successful bidder under tariff based competitive bidding, has on 25.03.2021 acquired BBTL,” it said in a regulatory filing. BBTL is the […]
Oil prices recover some ground on fears Suez blockage may last weeks
Oil prices reversed a sharp sell-off a day earlier to rise 1% on Friday on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude and refined products. Prices, however, were still headed for a third consecutive weekly loss, with the outlook […]
India can increase renewable target of 2030: Researchers
Researchers at UC Santa Barbara have just released a study that demonstrates why India should double down on renewables. The study examines electricity and carbon mitigation costs associated with achieving aggressive renewable energy targets in India’s electricity grid in 2030, and finds that wind-majority or balanced wind-solar targets have the most cost-effective potential for power […]
India and Saudi Arabia spar over oil prices
Tensions this month between India and Saudi Arabia over rising oil prices have underscored the growing importance of the bilateral relationship and its potential to generate conflict as well as cooperation. The decision by OPEC+, the Organization of the Petroleum Exporting Countries and its allies, at the start of this month to leave output unchanged […]
Haryana announces subsidy on rooftop solar power plants
To promote solar energy in Haryana, the Dakshin Haryana Bijli Vitaran Nigam in Thursday announced a scheme with subsidy of 40 per cent for a three kilowatt plant in homes as per the guidelines of the Ministry of New and Renewable Energy. A subsidy of 20 per cent subsidy will be for four to 10 […]
Delhi-Mumbai Expressway: Modi government plans to construct e-highway on 1,300 km long road project
Delhi-Mumbai Expressway Project: On Thursday, Road Transport and Highway Minister Nitin Gadkari announced that the Modi government is trying to build a separate ‘e-highway’ on the 1,300 km long Delhi-Mumbai Expressway where vehicles like buses and trucks can ply at 120 kmph speed. While replying to a query in the Parliament during Question Hour, the […]
Delhi HC sets aside order asking Govt to extend Vednata oil deal till 2030
The Delhi High Court on Friday set aside a single judge order directing the Centre to extend till 2030 its production sharing contract (PSC) with Vedanta Ltd and ONGC to produce oil from the Barmer oil field in Rajasthan. A bench of Chief Justice D N Patel and Justice Jyoti Singh allowed the central government’s […]
BPCL disinvestment process moving on well, to conclude sale by Sept-end: DIPAM Secy
Disinvestment process of oil marketing firm BPCL is moving on well and expected to conclude by September-end, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Thursday. The government is selling its entire 52.98 per cent stake in BPCL in the nation’s biggest privatisation till date. Vedanta Group and private […]
Bangladesh visit: PM uses new VVIP aircraft for 1st time on foreign trip
Prime Minister Narendra Modi on Friday went from Delhi to Dhaka on a new custom-made VVIP aircraft, using it for the first time on a foreign journey. The prime minister is on a two-day visit to Bangladesh. India and Bangladesh are currently celebrating the golden jubilee of the 1971 war victory. India had defeated Pakistan […]
14 Odisha coal mines to be auctioned
The Centre on Thursday released its second tranche of auction for commercial coal mining offering 67 mines including 14 blocks from Odisha for sale. This is the highest number of mines on offer in a particular tranche of auction after commencement of the auction regime since 2014. The 14 coal blocks of the State that […]