Category: Magazine News

In a bid to make it easier for explorers to find and produce more oil and gas, the government has allowed companies to go beyond their allocated block boundaries if a discovery were to extend outside their contracted area.

Central Electricity Regulatory Commission (CERC) has issued a consultation paper seeking comments of all the stakeholders on terms and conditions of tariff regulations for the next five-year tariff period (1.4.2019 to 31.3.2024).This paper will remain open for suggestions till July 15, 2018.

On May 29, 2018, Airports Economic Regulatory Authority of India (AERA) has issued a consultation paper titled as “Aeronautical Tariffs in respect of Indira Gandhi International Airport, Delhi with respect to Base Airport Charges, for the second control period (01.04.2014 to 31.03.2019).” It has proposed to increase user development fee (UDF) to Rs 77 per […]

The cabinet has approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 cr this year alone. Till now only ethanol produced from sugarcane was allowed to be mixed in petrol.

In a meeting held on May 21, 2018, the Committee of Secretaries (CoS) has recommended that every department / ministry / enterprise of the centre should put in place an officer who would certify the compliance of the Department of Industrial Policy and Promotion (DIPP)’s Public Procurement (Preference to Make in India or PPP-MII) Order, […]

GVK Group has been awarded the Navi Mumbai International Airport (NMIAL) project. In the past, on several occasions the group had managed to get loans from banks in scandalous manner, and many of them have turned NPAs. It has huge burden of debt. GVK Power & Infrastructure Ltd, the listed company of the GVK Group […]

On May 14, 2018, the ministry of new & renewable energy (MNRE) issued National Wind-Solar Hybrid Policy with an aim to boost renewable power generation. The policy provides for a comprehensive framework to promote large grid-connected wind-solar PV hybrid system for efficient utilisation of transmission infrastructure

On May 22, 2018, the civil aviation ministry issued a Draft Passenger Charter for public consultation. The public consultation is open for 30 days and the ministry is expected to notify changes in two months. Under the charter, the ministry has proposed a series of consumer-friendly measures relating to charges for cance

The governments need to urgently tackle a capacity crisis facing airports as demand for international travel grows, but they should be cautious about private sector involvement, International Air Transport Association (IATA) has warned. With passenger levels projected to nearly double to 7.8 bn by 2036, infrastructure such as airports and air traffic control systems were […]

The Central Bureau of Investigation (CBI) lens on R Venkataramanan, managing trustee of Tata Trusts and director in AirAsia India board, along with AirAsia global chief Tony Fernandes, has put the spotlight again on the allegations made by former Tata Sons chairman Cyrus Mistry in his exit letter to the board in Oct 2016. Mr […]

In our July 15, 2016 issue, the story titled, “Kochhar’s Renewable Empire: Built on Mauritius Route & Loans from Dhoot & Others,” was published. At that time an in-depth reporting on the linkage between NuPower promoted by Deepak Kochhar, husband of Chanda Kochhar, Managing Director & CEO of the ICICI Bank, loans given by ICICI […]

The Central Electricity Regulatory Authority (CERC) has reserved its judgment on a suo motu petition, initiated way back in 2015, triggered by complaints challenging the test certificates issued by an Independent Engineer (IE) on the basis of which the plants of Costal Gujarat Power Ltd (CGPL) were commissioned (called Commercial Operation Date or “COD”).