GOOD EVENING INDIA

July 23, 2018, Monday

Your Evening News Updates From Across The Media Space

Power ministry seeks change in RBI order on stressed units

Power ministry seeks change in RBI order on stressed units

Stressed power assets have got a major boost as the power ministry has strongly recommended substantial changes to the RBI’s controversial Feb 12 circular on loan defaults that industry says will send capacity of 30,000 megawatts into liquidation, while the coal ministry has assured higher fuel supply to thermal plants with the help of auctions.

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French firm joins GE to build nuclear reactors for India

French firm joins GE to build nuclear reactors for India

French utility EDF and GE will jointly build six reactors for the Jaitapur nuclear power plants in Maharashtra, envisioned as the world's largest nuclear power plant with a cumulative capacity of 9,900 megawatts of electricity.

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Climate change will lead to dangerous effects even after meeting global temperature target: Study

Climate change will lead to dangerous effects even after meeting global temperature target: Study

Sensitive regions of the world would remain at risk of the dangerous and potentially irreversible effects of climate change, even if we meet the target of not increasing global temperature above 1.5 degree Celsius over the next 100 years, a study has found.

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Plan afoot to set up solar panels on all govt bldgs: Bareilly DM

Plan afoot to set up solar panels on all govt bldgs: Bareilly DM

In order to achieve a target set by the state government to generate 4,300 megawatts of electricity by 2022, district authorities have been instructed by principal secretary, UP government, Alok Kumar to install rooftop solar panels on all government, semi-government and public buildings.

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Global, local solar manufacturers spar over safeguard duty

Global, local solar manufacturers spar over safeguard duty

The first public hearing on a proposal to introduce 70% safeguard duty on imported solar panels on Tuesday saw heated arguments between global manufacturers of the panels and modules and their local rivals, with Indian solar project developers siding with the foreign players.

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Impose 95 per cent safeguard duty on solar cells import: ISMA

Impose 95 per cent safeguard duty on solar cells import: ISMA

Indian Solar Manufacturers Association (ISMA) has demanded imposition of 95 per cent safeguard duty on imports of solar cells and modules to protect domestic players from cheap inbound shipments.

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PPA auction for stressed power stations gets bids for 2,200 mw

PPA auction for stressed power stations gets bids for 2,200 mw

Sembcorp Energy, Jaiprakash Associates, IL&FS and RKM PowerGen are among eight companies that responded to the government’s pilot scheme to aggregate and auction power purchase agreements (PPAs), to help them generate electricity from idling plants and repay loans.

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OPINION: Reform distribution, capacity will follow

OPINION: Reform distribution, capacity will follow

The more things seem to change in the vexed power sector, the more they remain the same. After a quarter century of putative power reforms, the policy focus remains stepping up generation, never mind that power distribution leaks revenue like a sieve thanks to reckless, politically mandated giveaways and routine theft.

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Legal fight over Bali coal power plant illuminates Indonesia energy dilemma

Legal fight over Bali coal power plant illuminates Indonesia energy dilemma

Over the last three years, fisherman Iputu Gede Astawa has watched his daily catch off the northern tip of Indonesia's Bali island fall at an alarming rate.

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Government hikes ethanol price by Rs 2.85/litre for 2018-19

Government hikes ethanol price by Rs 2.85/litre for 2018-19

The government on Wednesday hiked the price of ethanol produced from C-molasses by Rs 2.85 per litre to Rs 43.70 for the new season starting December 2018, according to sources.

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US threatens sanctions on India for Iran oil imports; says, ‘no exemption’ for anyone dealing with Iran

US threatens sanctions on India for Iran oil imports; says, ‘no exemption’ for anyone dealing with Iran

Issuing a strict warning, the US on Wednesday threatened all countries including India and China to stop oil imports from Iran or face sanctions. There would be ‘zero’ waivers to any nation dealing with Iran, the US said, PTI reported.

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India to build 2 more strategic petroleum reserves - minister

India to build 2 more strategic petroleum reserves - minister

Indian cabinet on Wednesday approved establishment of two strategic petroleum reserves (SPRs) with a total capacity of 6.5 mln tonnes - interim finance minister Piyush Goyal

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Global trade tensions, surge in oil prices weigh on Indian market

Global trade tensions, surge in oil prices weigh on Indian market

The Indian equity market continues to decline on Tuesday after rise in crude oil prices. Rupee is trading at a 19-month low also doesn’t make it better at all.

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What ADNOC's investment in the Ratnagiri refinery means for India

What ADNOC's investment in the Ratnagiri refinery means for India

Abu Dhabi National Oil Company (ADNOC) has become the latest global oil company to invest in the Indian oil and gas segment.

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Crude oil futures up 0.83% on positive cues in Asia

Crude oil futures up 0.83% on positive cues in Asia

Crude oil was trading higher by 0.83 per cent at Rs 4,855 per barrel in futures market today as speculators created fresh bets, taking positive cues from Asian markets.

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One Year Of Gst: Will Petrol, Diesel Finally Come Under Gst? Here’s What Finance Secretary Says

One Year Of Gst: Will Petrol, Diesel Finally Come Under Gst? Here’s What Finance Secretary Says

The goods and services tax (GST) framework underwent a series of changes in the first year of its introduction. In the second year, the indirect tax regime is expected to usher in inclusion of items still outside its ambit, mainly some of the petroleum products, including petrol and diesel.

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U.S. seeks to export its 'energy miracle' even as trade tensions mount

U.S. seeks to export its 'energy miracle' even as trade tensions mount

The administration of President Donald Trump wants to help allies and trade partners replicate the U.S. natural gas and oil production boom by exporting American know-how, U.S. Energy Secretary Rick Perry said on Tuesday, even as trade disputes intensified.

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Diesel gensets push air pollution up by 30% in city, reveals survey

Diesel gensets push air pollution up by 30% in city, reveals survey

A study conducted by the Centre for Science and Environment (CSE) has found that pollution levels (PM2.5 and PM10) increase by 30% in residential areas of the city due to use of diesel generator (DG) sets.

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All countries including India should reduce oil imports from Iran to zero: US

All countries including India should reduce oil imports from Iran to zero: US

The US has asked all countries, including India, to stop all oil imports from Iran by November as it ruled out any exemption to India and Indian companies from its reimposed Iranian sanctions regime for them carrying out any transaction with Iran.

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Finance ministry approves Metro rail projects in Bhopal, Indore, Kanpur, Agra and Delhi

Finance ministry approves Metro rail projects in Bhopal, Indore, Kanpur, Agra and Delhi

Metro construction will pick up pace in the country with the Union finance ministry recently giving “in-principle” approval to five proposed metro projects in Indore, Bhopal, Kanpur, Agra, and Delhi, with an estimated cost of Rs 1.07 lakh crore, senior central and state government officials familiar with the matter said.

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Five trains that have changed the face of Indian Railways

Five trains that have changed the face of Indian Railways

With next Lok Sabha elections less than an year away, the Narendra Modi government is trying to ensure it lives up to his promise of changing the way Indians travel on trains.

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Indian Railways ticket booking: No more standing in queues , just do this now

Indian Railways ticket booking: No more standing in queues , just do this now

The Indian Railways is rolling out one passenger friendly feature after another, week after week to ensure a pleasant experience for its passengers. One such major step was the launch of Indian Railways mobile ticketing app. The service was slow to take off, but is getting traction now.

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Critical focus points for Indian infrastructure

Critical focus points for Indian infrastructure

We are at the midpoint of 2018. The chance to attend an infrastructure conference at this juncture was the perfect opportunity to reflect on, and re-examine, issues confronting the Indian economy.

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Indian Railways Offers Free Wi-Fi Facility to 8 Million People Every Month, 700 Railway Stations Equipped With High-Speed Internet

Indian Railways Offers Free Wi-Fi Facility to 8 Million People Every Month, 700 Railway Stations Equipped With High-Speed Internet

The availability of free Wi-Fi facility at railway stations is a boon for commuters across the nation. The free Wi-Fi service is being provided by RailTel- the telecom arm of Indian Railways in partnership with Google.

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Railways UTS Mobile App gradually gaining popularity among users

Railways UTS Mobile App gradually gaining popularity among users

The UTS (unreserved ticketing system) app of Indian Railways for mobile ticketing, which is gradually becoming popular among frequent railway passengers for ticket booking contributes 1% to the total suburban tickets booked.

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China building Tibet-Nepal Rail Line not quite a setback for India

China building Tibet-Nepal Rail Line not quite a setback for India

Nepalese Prime Minister KP Sharma Oli’s visit to China last week was not quite the blockbuster it was made out to be, given his ideological leaning towards Beijing. Instead, it reflected the healthy realism that Nepal cannot build ties with China at the expense of India.

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