The Congress on Tuesday alleged the Gujarat government has paid Rs 8,200 crore in excess to Adani Power towards electricity purchase charges in two years which it dubbed “favouritism”, a claim dismissed by the power minister who cited the rise in coal purchase cost. The Congress also demanded that the government recover the “additional Rs […]
Day: February 7, 2024
Security is fragile at Ukraine’s Russian-occupied nuclear power plant: IAEA
Security at Ukraine’s Zaporizhzhia Nuclear Power Plant remains fragile amid worrying recent staff cuts enacted by Russian authorities occupying the facility, which is one of the 10 biggest atomic power plants in the world, the United Nations nuclear watchdog chief said Tuesday. International Atomic Energy Agency chief Rafael Grossi, who is in Kyiv, told The […]
RBI imposes Rs 8.80 lakh fine on Power Finance Corp for norm violation
The Reserve Bank of India (RBI) on Tuesday imposed a monetary fine of Rs 8.80 lakh on the state-owned Power Finance Corporation for contravening Liquidity Coverage Ratio (LCR) norms by including ineligible high-quality liquid assets. According to a press release by the RBI, PFC did not adhere to specific provisions of the RBI’s directives on […]
Domestic air traffic down 5%, international traffic up 1% in January
The average daily domestic air traffic fell by 4.98 per cent month-on-month (M-o-M) to 423,438 in January, according to the Ministry of Civil Aviation’s data reviewed by Business Standard. On the other hand, the average daily international air traffic increased by 1.28 per cent M-o-M to 212,479 in January as foreign tourists continue to come […]
Boeing 737 in Alaska Air accident was missing four bolts, say US officials
Four bolts that should have prevented a panel from flying off an Alaska Airlines jet at 16,000 feet were apparently missing, US investigators said Tuesday, fueling more scrutiny about manufacturer Boeing Co.’s ability to ensure the safety of its planes. Photos and other evidence suggest the bolts were removed for work at Boeing’s Renton, Washington, […]
FAA head pledges to hold Boeing accountable for safety violations
The new chief of the Federal Aviation Administration (FAA) says the agency will use more people to monitor aircraft manufacturing and hold Boeing accountable for any violations of safety regulations. FAA Administrator Mike Whitaker is expected to face a barrage of questions Tuesday about FAA oversight of the company since a door panel blew off […]
Does govt-backed DigiYatra store passengers’ personal data? Centre explains
The Centre, on Monday, issued a clarification on the functioning of Digi Yatra – an online air travel platform – saying that the portal is built considering privacy concerns and there is “no central storage of passenger’s Personally Identifiable Information (PII) data” on the platform. “The Digi Yatra processes are subjected to audits and certification […]
Nitin Gadkari approves Rs 3,890.45 cr for NH-913 construction in Arunachal
Union Minister of Road Transport & Highways Nitin Gadkari has approved the construction of three sections worth Rs 3,890.45 crore of the National Highway 913 (Frontier Highway) in Arunachal Pradesh. This includes the construction of the Lada-Sarli section, Sarli-Huri section, and Kharsang-Miao-Vijaynagar – Gandhigram section, which together span 202.14 km. The minister approved the construction […]
L&T fined Rs 500 cr over Pragati Maidan Tunnel, company files counter claim
The six-lane, multi-crore Pragati Maidan Tunnel project is a “potential threat to the life of passengers’ due to water seepage, poor drainage and large cracks, the Public Works Department (PWD) has said in a notice, as reported by The Indian Express (IE). The department has also asked construction major L&T, which executed the project, to […]
L&T wins contract for Assam bridge, to boost link to textile hub Sualkuchi
The construction arm of Larsen & Toubro Limited (L&T) bagged a contract by the Assam government to build a 12.21 kilometres long bridge connecting Palashbari and Sualkuchi towns in the northeastern state, the Indian multinational conglomerate said on Tuesday. The contract was awarded by the Public Works Roads Department, Assam, to construct the ‘cable-stayed bridge’ […]