The power consumers in Punjab are set to feel the pinch with Punjab State Electricity Regulatory Commission (PSERC) Monday announcing an increase in the tariff by 25 to 89 paise per unit for different categories. The new tariff order for 2023-24, which will be applicable with effect from May 16, came two days after the […]
Category: The Indian Express
Indian Express
‘Power tariff hike will hit those paying bills… this is unhealthy for growth of any state’: Industry reacts
The hiked power tariff is going to hit the billed consumers — domestic, commercial as well as industrial — while the customers with zero bills will remain untouched. The hike has not gone down well with the industry. “Hiking the power tariff and even the fixed charges (as per the declared load) was well-planned. Government […]
BMC to highlight coastal road project’s disaster resilience capacity in G-20 meet
The Brihanmumbai Municipal Corporation (BMC) will highlight the disaster resilience capacity of the Mumbai Coastal Road Project (MCRP) in the upcoming G20 second Disaster Risk Reduction Working Group (DRRWG) meeting to be held in Mumbai between May 23 – 25. Stretched along the western coastal stretch of Mumbai, the 10.58km long road is going to […]
To tackle monsoon troubles: BMC allots Rs 84 crore to repair roads before rain
The Brihanmumbai Municipal Corporation (BMC) has earmarked Rs 84 crore that will be utilised by 24 civic ward offices to repair potholes and patches on the roads in Mumbai ahead of monsoon. The fund is being distributed to each and every civic ward based on the area of square meter of the total stretch of […]
CAG conducts AI-based audit, finds five ‘perfectly good’ roads recarpeted
In a first-of-its-kind move, a team from the office of the Comptroller and Auditor General (CAG) of India used artificial intelligence to find out whether the roads recarpeted by the Chandigarh Municipal Corporation actually required it. According to details, of the eight stretches that the civic body had recarpeted at the cost of crores, the […]
Private sector’s response to commercial coal mining encouraging, says coal secretary
The response to the commercial coal mining from private sector players has been very encouraging so far and the sector is likely to contribute about 20-25 per cent to the overall domestic coal production by 2030, Coal Secretary Amrit Lal Meena said. The government opened up the commercial coal mining for private entities in 2020. […]
India says 50 lakh people directly dependent on coal mining; will press for ‘just energy transition’ at G20
India will press for a “just energy transition” at the G-20 parleys, a top government official said on Monday, pointing out that 50 lakh people are directly dependent on coal mining. The country, which is keen to up its pace of development to take care of an increasingly aspirational population, has chosen a path of […]
India cuts windfall tax on petroleum crude to zero
The central government Monday slashed the windfall profit tax on domestically produced crude oil to zero in the latest fortnightly review. The government left the windfall tax on petrol, diesel, and aviation turbine fuel at zero. Earlier in May, the tax was cut to Rs 4,100 per tonne from Rs 6,400 per tonne. The new […]
Stand by July 2021 Parliament reply that Sebi probing some Adani cos: Finance Ministry
The Finance Ministry on Monday clarified the Adani issue saying that it stands by its earlier reply to a question in Parliament in July 2021, which stated that “Sebi is investigating some Adani Group companies with regard to compliance with Sebi regulations”. “The government stands by its reply in Lok Sabha on 19th July 2021 […]
Allegation that probing Adani since 2016 baseless: Sebi to SC
The Securities and Exchange Board of India (Sebi) Monday informed the Supreme Court (SC) that it had not probed any Adani Group of companies since 2016, as alleged by some of the petitioners who have sought a probe into the claims by the Hindenburg Research on the group. Sebi has sought six more months from […]
Go First backs emergency arbitration in Pratt & Whitney dispute
India’s Go Airlines said on Monday it needed an emergency arbitration in its dispute with engine maker Pratt & Whitney to be enforced in Delaware to prevent it from going out of business. The Indian airline blames the Raytheon Technologies-owned engine maker for its financial woes and recent bankruptcy filing, arguing that the U.S. firm […]
Go First insolvency: NCLAT to pass order on aircraft lessors’ petitions on May 22
The National Company Law Appellate Tribunal will pass its order on May 22 on petitions filed by three aircraft lessors against Go First’s voluntary insolvency resolution proceedings. A two-member bench headed by Chairperson Justice Ashok Bhushan on Monday reserved its order after completing the hearing on the the three petitions. The bench also asked the […]