The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods. Low base effect also contributed to the spike in WPI inflation in May 2021. In May 2020, WPI inflation was at (-) 3.37 per cent.
Day: June 15, 2021
Chamoli flashfloods: Study outlines risks of hydropower projects
DEHRADUN: A recent study which revealed cause of Chamoli flashfloods as a rock and ice avalanche releasing energy “equivalent to about 15 Hiroshima atomic bombs” highlighted the risks associated with the ‘rapid expansion of hydropower infrastructure into increasingly unstable territory’. Published in ‘Science Magazine’ journal authored by 53 scientists, experts and researchers, the study questions […]
RMC caught off-guard as roads take turn for worse
ROURKELA: Early arrival of monsoon has exposed the lack of preparedness of Rourkela Municipal Corporation (RMC) as the roads dug up for laying underground cables have turned from bad to worse after the recent rains.Majority of the roads in the city are in a pitiable condition due to cable ducting work being executed under Rourkela […]
Housing societies can set up electric vehicles charging points, says Delhi government
NEW DELHI: The Delhi government on Monday approved a single-window facility to facilitate the rapid expansion of charging infrastructure for electric vehicles (EV) at private and semi-public places such as apartments, group housing societies, hospitals, malls and theatres in the national capital. The decision was taken during a meeting of the Delhi government’s Charging Infrastructure […]
Gridco, others get OERC notice on tariff review petitions
BHUBANESWAR: The Odisha Electricity Regulatory Commission (OERC) has served notices to the Grid Corporation of Odisha Limited (Gridco), OPTCL, the State government, four distribution companies owned by Tata Power and others to file affidavits in response to petitions challenging its tariff orders for 2021-22. Contesting the bulk supply, retail supply and transmission tariff orders of […]
Delay in Compensation drags phase-II of NH66
THIRUVANANTHAPURAM: Delay in land acquisition for a service road has hit commissioning of the second phase of NH66 bypass stretch from Mukkola, near Kovalam, to Karode, near Kerala-Tamil Nadu border. Though deadline of completion of the stretch was on May 31, this issue over compensating the landowners has again pushed the commissioning of the stretch […]
Billionaire Gautam Adani loses USD 5 billion in net worth in one day
NEW DELHI: India’s second richest person Gautam Adani saw his net worth eroding by $4-5 billion on Monday after shares of its group companies tumbled following a report that the National Securities Depository Limited (NSDL) has frozen demat accounts of three foreign portfolio investors (FPIs) which have significant exposure to Adani group companies. Shares of […]
After petrol, diesel at almost Rs 100-mark in Rajasthan
NEW DELHI: After petrol, diesel is now at almost Rs 100 per litre mark in Rajasthan as oil firms raised fuel prices yet again on Friday. Petrol price was hiked by 29 paise per litre and diesel by 28 paise, according to a price notification of state-owned fuel retailers.
NTPC board to consider borrowing limit hike to Rs 2.25 lakh crore
NEW DELHI: State-owned power giant NTPC on Friday said its board will consider a proposal to enhance its borrowing limit to Rs 2.25 lakh crore from the existing Rs 2 lakh crore in its meeting later this month. “A meeting of the Board of Directors of the Company is scheduled to be held at New […]
Covid impact! Work delayed on Chandni Chowk, DND-Ashram & other infra projects in Delhi; deadlines revised
For most of the ongoing infrastructure projects across Delhi, the deadlines have been revised by over two months owing to the COVID-19 pandemic-induced lockdown that put a pause in the development work of the projects as labourers started leaving for their hometowns. Though work on most of these projects has resumed, the pace still remains […]
Fuel, base effect : WPI inflation hits series high, CPI at 6-month peak
Elevated global commodity prices, highly taxed auto fuels and unfavourable base effect propelled wholesale price inflation in May to 12.94%, the highest in the current series with 2011-12 base year, showed the official data released on Monday. Retail inflation, too, spiked to a six-month high of 6.30% in May, as food inflation returned, aided by […]
RattanIndia Power pares Rs 1,219 cr debt in last 15 months
RattanIndia Power Ltd on Monday said it has repaid Rs 1,219 crore debt in the last 15 months, including Rs 200 crore prepayment, despite the challenges posed by the COVID-19. “During the last 15 months, RPL has repaid the debt of Rs. 1,219 crore to lenders, including Rs 200 crores as prepayment, even in the […]