In April 2017, Mumbai Housing and Area Development Board (MHADB) invited tenders for the redevelopment project of Bombay Development Department (BDD) Chawls on CTS Nos. 1539 & 1540 of Lower Parel Division at Worli in Mumbai. Under this project over 90 year old, 121 four-story (G+3) buildings, having a total of 9,689 tenements (each with […]
Lenders led by the State Bank of India (SBI) are seeking dispensation from the RBI to restructure the debt of VOVL Ltd, formerly known as Videocon Oil Ventures Ltd. VOVL has been declared as NPA and its 180-day period for resolution plan ended on August 27, 2018, after which the SBI was required to refer […]
Recently Delhi Metro Railway Corporation Ltd (DRMC) was in headlines when a study by a private body, Centre for Science and Environment (CSE), claimed that Delhi Metro is the world’s second most unaffordable metro network. Quickly, DMRC countered the report stating that the study conducted by CSE is based on incorrect information and is therefore […]
On April 12, 2018, Petroleum and Natural Gas Regulatory Board (PNGRB) launched 9th CGD Bidding Round for development of City Gas Distribution (CGD) networks for the 86 Geographical Areas (GAs) which includes 174 districts (156 complete and 18 part) across India. It has evaluated bids and also issued of Letters of Intent (LoIs) to all […]
In June 2016, a tender was invited by Bhogapuram International Airport Corporation Ltd (BIACL) for the development of Bhogapuram International Greenfield Airport for commercial use in Vizianagaram district, near Visakhapatnam in Andhra Pradesh.
On August 27, 2018, the government has issued policy allowing drones for commercial purposes from December 1, 2018 for a height up to 400 feet but within the line of sight of the operator.
The Reserve Bank of India’s circular of February 12, 2018 is under attack. The circular directs all the lenders to “identify incipient stress in loan accounts, immediately on default, by classifying stressed assets as special mention accounts (SMA)
On 30.07.2018, the finance ministry issued a circular levying safeguard duty of 25 per cent to 15 per cent, over a period of two years, for imports of solar cells, assembled in panel or not assembled from China and Malaysia.
India’s thermal coal imports rose by 8 pc and coking coal imports by about 13 per cent for FY 2017-18.
CIL said it produced 177.43 mn tonnes of coal in the first four months of the ongoing fiscal, registering a growth of 14 pc. It had produced 155.53 mn tonnes (MT) of coal in the year-ago period. In July CIL produced 40.56 MT coal, against 36.69 a year ago. CIL accounts for over 80 pc […]
CIL’s profit after tax in the 4th quarter of FY 2017-18 has declined by 52 per cent to Rs 1,295 crore as against Rs 2,719 crores in the corresponding 4th quarter of FY 2016-17. The major reason for dip in net profit was on account of impact of past service cost of Rs 7,384 crores […]
Under off-grid and decentralized Solar PV Applications Programme, the ministry of new & renewable energy (MNRE) is providing subsidy up to 30 per cent of the benchmark cost of the solar water pumps to the farmers. Till date over 1.85 lakh solar water pumps
