GOOD EVENING INDIA

September 20, 2018, Thursday

Your Evening News Updates From Across The Media Space

TN in Centre's radar for offshore wind energy

TN in Centre's radar for offshore wind energy

The Ministry of New and Renewable Energy (MNRE) has announced medium- and long-term offshore wind energy target of 5 GW by 2022 and 30 GW by 2030, to provide confidence to the industry.

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MNRE Announces 30 GW Offshore Wind Target by 2030

MNRE Announces 30 GW Offshore Wind Target by 2030

To give confidence to the country’s wind industry, the Ministry of New and Renewable Energy (MNRE) has now announced the medium and long-term target for offshore wind power capacity additions in India, which are 5 GW by 2022 and 30 GW by 2030.

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How mining fund is fuelling development in tribal areas

How mining fund is fuelling development in tribal areas

India’s 150 poorest but mineral-rich districts could get a major facelift in the next one year, coinciding with the 2019 general elections, provided the state governments are able to spend over ~18,800 crore they have from mining companies under the district mining fund.

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Building India’s green finance ecosystem

Building India’s green finance ecosystem

Going green” is no longer jargon but an imperative of the times we live in. All stakeholders—the government, companies/ banks, individuals—must collectively own the responsibility to conserve the environment for our future generations.

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Power Grid, Nagpur admin to set up floating solar panels in Gorewada lake

Power Grid, Nagpur admin to set up floating solar panels in Gorewada lake

In the first-of-its-kind project in the state, Nagpur Municipal Corporation (NMC) and Power Grid Corporation of India Limited (PGCIL) plan to generate power from floating solar panels in Gorewada lake.

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PSPCL to kick off underground power cabling work in city soon

PSPCL to kick off underground power cabling work in city soon

In a city that loses much of its electricity in theft, the Punjab State Power Corporation Limited (PSPCL) has shown a way out by pushing distribution cables underground and deploying technology to track illegal connections.

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Sterlite moves HC, seeks power and access

Sterlite moves HC, seeks power and access

Nearly a month after the police firing on anti-Sterlite protesters left 13 people dead, the copper plant’s parent firm, Vedanta Limited, has moved the Madras high court for restoration of power and permission to access the plant for carrying out maintenance work.

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Several board level posts to fall vacant at Coal India Ltd

Several board level posts to fall vacant at Coal India Ltd

Coal India and its eight subsidiaries are likely to have six board level-posts falling vacant in the next eight months while additional nine positions are already vacant at a time when the company is struggling to meet the country’s demand for coal.

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China to shut small-scale coal burning in 2 northern provinces by 2020

China to shut small-scale coal burning in 2 northern provinces by 2020

China will shut down small-scale "scattered" coal burning in the heavily coal-dependent provinces of Shanxi and Shaanxi by 2020 in the next stage of its war on pollution, a senior environmental official said at a briefing on Wednesday.

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Entered Agreement into Gas Transportation and Tie-in Agreements with M/s Indian Oil Corporation Limited (IOCL)

Entered Agreement into Gas Transportation and Tie-in Agreements with M/s Indian Oil Corporation Limited (IOCL)

Southern Petrochemicals Industries Corporation Ltd has informed BSE that the Company has entered into Gas Transportation and Tie-in Agreements with M/s Indian Oil Corporation Limited (IOCL) on June 18

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High oil prices are a massive headache for India as its economy gets 'pinched'

High oil prices are a massive headache for India as its economy gets 'pinched'

While petroleum-producing countries are being buoyed by higher global oil prices, the big consumers are taking a hit — especially India, whose energy appetite is growing, its oil minister said at the Vienna OPEC summit Wednesday.

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Government hints at how petrol, diesel might be taxed under GST

Government hints at how petrol, diesel might be taxed under GST

A peak tax rate of 28 per cent plus states levying some amount of local sales tax or VAT on petrol and diesel is likely to be the tax structure when the two auto fuels are covered under the GST regime, a top government official said.

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Crude oil futures up 0.95 pc on global cues

Crude oil futures up 0.95 pc on global cues

Crude oil futures spurted 0.95 per cent to Rs 4,461 per barrel today after participants widened their bets, tracking a firming trend in Asia.

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India seeks ‘responsible’ decision on oil pricing at OPEC meet in Vienna

India seeks ‘responsible’ decision on oil pricing at OPEC meet in Vienna

India, the world’s third-largest oil consumer, expects a “responsible” approach from its suppliers as speculation mounts over whether OPEC and its allies will reach a deal to boost output at a meeting in Vienna this week.

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Petrol, diesel price on 20th June 2018: Check out rates here city-wise

Petrol, diesel price on 20th June 2018: Check out rates here city-wise

Petrol and diesel prices remained unchanged, applicable from 6:00 a.m. on 20th June 2018. Diesel prices were paused for the fourth consecutive day today.

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Moon suggests Russian gas be piped to Koreas, Japan

Moon suggests Russian gas be piped to Koreas, Japan

New pipelines could be laid to bring Russian gas through North Korea to the South and even on to Japan following the diplomatic thaw with Pyongyang, Seoul's leader suggested today.

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U.S. shale producers warn Chinese tariffs would hit energy exports

U.S. shale producers warn Chinese tariffs would hit energy exports

China's proposed tariffs on U.S. petroleum imports, part of a mounting trade war between the two countries, would crimp sales to the shale industry's largest customer, adding new pressure on U.S. crude prices, energy executives and analysts said in interviews this week.

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Sanctity of contracts fundamental requirement for investment: Vedanta Cairn Oil & Gas CEO

Sanctity of contracts fundamental requirement for investment: Vedanta Cairn Oil & Gas CEO

Vedanta Cairn Oil & Gas Chief Executive Officer (CEO) Sudhir Mathur has said sanctity of contracts is a fundamental requirement for businesses to invest. The company had taken the government to court over extension of contract for its flagship Rajasthan block.

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Iran rules out OPEC deal as Russia, Saudi push for oil output hike

Iran rules out OPEC deal as Russia, Saudi push for oil output hike

Iran said on Tuesday OPEC was unlikely to reach a deal on oil output this week, setting the stage for a clash with Saudi Arabia and Russia, which are pushing to raise production steeply from July to meet growing global demand.

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U.S.-led coalition says kills Islamic State oil and gas head in Syria

U.S.-led coalition says kills Islamic State oil and gas head in Syria

The U.S.-led coalition in Syria said on Tuesday it had disrupted Islamic State's funding by killing the man who ran its oil and gas network and other members of the group last month.

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Sanjeev Sinha proposes to invest at CII Railways-Industry Forum

Sanjeev Sinha proposes to invest at CII Railways-Industry Forum

"Bullet Man" Sanjeev Sinha flew from Tokyo specially to speak on CII organized Railways Industry Forum which was concluded today at New Delhi in presence of Hon'ble Minister of Finance, Railways, Coal and Corporate Affairs Piyush Goyal and other dignitaries.

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RITES IPO opens today, analysts say valuation attractive

RITES IPO opens today, analysts say valuation attractive

The government will kick-start its divestment plans for the current financial year with the initial public offering (IPO) of RITES Ltd, which will open for subscription on 20 June.

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Railways, Karnataka agree to form SPV for Suburban Rail project under ‘K-RIDE’ banner

Railways, Karnataka agree to form SPV for Suburban Rail project under ‘K-RIDE’ banner

The confusion over forming a special purpose vehicle (SPV) for the Bengaluru suburban rail project seems to have ended after the government agreed to create it under the Karnataka Rail Infrastructure Development Corporation (K-RIDE).

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Reversing recent trend, Railways load record extra Coal, Freight

Reversing recent trend, Railways load record extra Coal, Freight

The Railways lugged an extra 15 million tonnes (mt) of coal in April and May this year, against the same months in 2017. This is not just a record high in incremental coal and incremental total freight loaded but also a trend reversal against the last two years, when coal loading had dropped on a year-on-year basis.

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Railways’ first waste-to-energy plant at Jaipur faces GST hurdles

Railways’ first waste-to-energy plant at Jaipur faces GST hurdles

Indian Railways’ long-awaited and ambitious project to set up a waste-to-energy plant at Jaipur railway station has run into Goods and Services Tax (GST) hurdles, causing a delay in the commissioning of the first such municipal solid waste management centre on the rail network.

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Railways awaits for High Court nod for Rail Flyover over Mangroves for vital MUTP Works

Railways awaits for High Court nod for Rail Flyover over Mangroves for vital MUTP Works

The two new lines between Diva and Thane that are expected to decongest Central Railway’s suburban system big time will need a nod from the Bombay High Court. Reason: a 400-metre stretch passes over mangroves.

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