GOOD EVENING INDIA

December 17, 2018, Monday

Your Evening News Updates From Across The Media Space

Coal import by power sector in April-June period 14% less than last year

Coal import by power sector in April-June period 14% less than last year

The import of coal by the country's power sector in the April-June quarter was 14 per cent less than the amount imported in the same period last fiscal, Parliament was informed today.

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ISRO Receives Response From 141 Companies For Its Lithium Ion Cell Technology

ISRO Receives Response From 141 Companies For Its Lithium Ion Cell Technology

The Indian Space Research Organization (ISRO) today announced that the Vikram Sarabhai Space Centre (VSSC) received response from 141 companies for its lithium ion cell technology.

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India needs a national aluminium policy – Here is why

India needs a national aluminium policy – Here is why

Aluminium is the second most used metal in the world after steel, with an annual consumption of 88 million tonnes, including scrap. It is also the fastest-growing metal, growing by nearly 20 times in the last 60 years (compared to 6-7 times for other metals).

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Consumers tell MSEDCL to better service quality

Consumers tell MSEDCL to better service quality

Consumers and energy experts on Thursday opposed the power tariff hike proposed by the Maharashtra State Electricity Distribution Company Ltd to mop up Rs 17,500 crore and said the utility must change the business model to improve the quality of service.

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Electricity department to tackle recurring faulty billing

Electricity department to tackle recurring faulty billing

The electricity department has withdrawn the powers of subdivision offices to correct long term power bills. The move came after some subdivision offices were found issuing erroneous bills carelessly and then rectifying bills, including those issued over a year back, thereby disturbing the department’s accounts.

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Solar rooftop project set to begin soon

Solar rooftop project set to begin soon

The work of installing solar panels for all buildings of Nashik Municipal Corporation under the Smart City Scheme will begin in few days. Tender for solar panels have been approved. The letter of award has been issued to the contractor. In a few days, the work order will be issued.

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Karnataka gets its own Energy Calculator

Karnataka gets its own Energy Calculator

Karnataka on Thursday became the fourth Indian state to get an energy calculator developed by the UK. Chief Minister H D Kumaraswamy launched the Karnataka State Energy Calculator 2050, a first-of-its-kind web-enabled tool that promises to help the government attain energy security and, plan projects in the sector.

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Nuclear capacity to triple by 2031

Nuclear capacity to triple by 2031

India's installed nuclear power capacity is expected to rise from the current 6,780MW to 22,480MW by 2031, the department of atomic energy told Parliament on Wednesday.

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Nalco to invest Rs 1.31 billion on wire rod unit to tap power sector demand

Nalco to invest Rs 1.31 billion on wire rod unit to tap power sector demand

National Aluminum Company Ltd (Nalco), a public sector enterprise under the Union Mines Ministry, has unveiled a plan to set up an alloy wire rod manufacturing project at the site of its smelting unit at Angul.

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Tata Power launches 'Power Rewards' programme in Mumbai

Tata Power launches 'Power Rewards' programme in Mumbai

Tata Power, India's largest integrated power company has developed a unique customer loyalty programme 'Power Rewards', the first by any power utility in India.

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World Bank approves 2,000 cr for power reforms in Rajasthan

World Bank approves 2,000 cr for power reforms in Rajasthan

World Bank (WB) has approved USD 250 million (approx Rs 1,717 crore) for second programmatic electricity distribution reform in Rajasthan. The reforms will help accomplish objectifies of Government of India’s ‘power for all’ campaign that aims to provide 24 hours electricity supply to each household by 2019.

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Indraprastha Gas first quarter net profit up 9.3 per cent at Rs 176 crore

Indraprastha Gas first quarter net profit up 9.3 per cent at Rs 176 crore

City gas supplier Indraprastha Gas Limited (IGL) on Friday reported a 9.31 per cent increase in net profit for the first quarter ended June at Rs 176 crore as compared to the corresponding quarter a year ago.

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GAIL India Q1 profit up 23%, beats estimates on better gas trading margins

GAIL India Q1 profit up 23%, beats estimates on better gas trading margins

GAIL India Ltd, the country's largest natural gas marketer, on Friday reported a 23 per cent rise in its April-June quarter net profit on better margins in gas trading and petrochemicals business.

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US sanctions on Iran: Indian macros may face collateral damage

US sanctions on Iran: Indian macros may face collateral damage

The commentary around US' sanctions on Iran, which have made it quite difficult for India to import cheaper oil, will likely impact key domestic macro-economic indicators, Kotak Institutional Equities said in a report.

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Ethanol blending to help India save Rs 12,000 crore on oil imports over four years

Ethanol blending to help India save Rs 12,000 crore on oil imports over four years

India will triple production of ethanol to 450 crore litres under its ethanol lending programme over the next four years leading to savings of Rs 12,000 crore worth of costly crude oil imports, Prime Minister Narendra Modi said today.

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Petrol, diesel price on 10th August 2018: Check out rates in metro cities

Petrol, diesel price on 10th August 2018: Check out rates in metro cities

Petrol and Diesel prices were hiked in four metro cities after two days of pause, applicable from 6:00 a.m. on 10th August 2018.

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ONGC, and not the government, is the promoter of Hindustan Petroleum Corp: Dharmendra Pradhan

ONGC, and not the government, is the promoter of Hindustan Petroleum Corp: Dharmendra Pradhan

Oil and Natural Gas Corp (ONGC), and not the government, is the promoter of Hindustan Petroleum Corp, Oil Minister Dharmendra Pradhan has clarified following confusion over who the real promoter of the state-run refiner was.

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Reliance seeks petcoke from Indian Oil, HPCL, BPCL for $5 billion gasifiers

Reliance seeks petcoke from Indian Oil, HPCL, BPCL for $5 billion gasifiers

Reliance Industries Ltd (RIL) has approached three state-run oil marketing companies to buy petroleum coke (petcoke) from them to fire its $5 billion petcoke gasifiers, according to three officials aware of the development.

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Government proposes to build stretch of NH-33 at own cost

Government proposes to build stretch of NH-33 at own cost

State government filed an affidavit before the Jharkhand high court praying that the first and second phases of National Highway-33, which connects Ranchi and Jamshedpur and forms part of the Ranchi Ring Road,

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Government conducting bullet trains feasibility studies for connecting these 6 cities

Government conducting bullet trains feasibility studies for connecting these 6 cities

In order to provide high-speed connectivity across the country, the government has identified six routes for feasibility studies for high-speed bullet trains, it informed the Parliament.

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IRCTC to stop free travel insurance from 1 September, 2018

IRCTC to stop free travel insurance from 1 September, 2018

A not so happy news for the frequent train travellers; the IRCTC (Indian Railways Catering and Tourism Corporation) has decided to stop free travel insurance starting September 1 this year. Now, travellers will have to choose from two options, either to opt-in or opt-out of travel insurance during the time of ticket booking from the website.

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Reliance Infrastructure’s Default Bares Troubles Of Mumbai’s First Metro Operator And Naval Shipbuilder

Reliance Infrastructure’s Default Bares Troubles Of Mumbai’s First Metro Operator And Naval Shipbuilder

A debt default by Anil Ambani’s Reliance Infrastructure Ltd. brought into focus the poor financial health of at least two group companies: the operator of Mumbai’s first metro line and a naval shipbuilder.

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Railways spent Rs 3,256 cr of RRSK till June this year: Gohain

Railways spent Rs 3,256 cr of RRSK till June this year: Gohain

The government on Thursday said that the Indian Railways spent Rs 3,256 crore this year against the Rs 20,000 crore from the Rashtriya Rail Sanraksha Kosh (RRSK) and Rs 16,091 crore last year.

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NHAI initiates process to tie up Rs 40 billion through a bond issue

NHAI initiates process to tie up Rs 40 billion through a bond issue

The National Highways Authority of India (NHAI) has started the process to raise about Rs 40 billion through a bond issue in the domestic market, the process for which has already begun with the selection of lead bankers, including Axis Bank and SBI Caps.

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