GOOD EVENING INDIA

October 16, 2018, Tuesday

Your Evening News Updates From Across The Media Space

Stressed assets: Power producers seek extension of timeline citing RBI delay

Stressed assets: Power producers seek extension of timeline citing RBI delay

Independent power producers have urged the Reserve Bank of India (RBI) to extend the last date for finalising resolution plans for defaulting projects to November 16 from August 27, as the central bank itself delayed releasing the list of authorised credit rating agencies, an indispensable part of the process.

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PIL filed in SC against DVC-NVVN 300-Mw power supply to Bangladesh

PIL filed in SC against DVC-NVVN 300-Mw power supply to Bangladesh

Even as the Damodar Valley Corporation (DVC), along with its partner NTPC Vidyut Vyapar Nigam (NVVN), is gearing itself to supply power to Bangladesh, where it recently won a supply contract of 300 megawatt (Mw) of power for a 15-year time period, both are headed to be drawn into a legal battle on the same.

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24 State And Central Units Directed To Increase Power Generation In Preparation For Festive Season

24 State And Central Units Directed To Increase Power Generation In Preparation For Festive Season

24 state and centre-run electricity generation units with higher coal stocks have been asked to produce more electricity to meet shortfall of other power units which are facing shortage of coal supplies, Economic Times has reported.

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Govt working towards increasing private sector participation in non-coal mineral blocks exploration

Govt working towards increasing private sector participation in non-coal mineral blocks exploration

Asserting that the exploration activity of non-coal mineral blocks should double every year, the mines ministry on Friday said it was working towards augmenting the participation of the private sector in this regard in the future.

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Saubhagya scheme drags down government’s Extended Gram Swaraj Mission

Saubhagya scheme drags down government’s Extended Gram Swaraj Mission

The Saubhagya scheme to electrify every home has become the Achilles Heel of the Narendra Modi government in the two-and-a-half month long Extended Gram Swaraj Abhiyan (EGSA) that concluded on Independence Day.

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Banks finalising power firms debt resolution plans

Banks finalising power firms debt resolution plans

Economic Times reported that banks, led by State Bank of India, are close to finalising resolution plans for at least half a dozen stressed power companies involving total loans of INR 50,000 crore, which could result in banks taking more than 50% haircut.

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Wave of steel imports hit India on tariffs, high-end demand

Wave of steel imports hit India on tariffs, high-end demand

India is being hit by a wave of steel from producers in Japan and South Korea, a government document showed, as mills there redirect supply after US President Donald Trump slapped an import duty on the alloy earlier this year.

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India’s largest offshore wind energy tender: 34 companies participate in EoI

India’s largest offshore wind energy tender: 34 companies participate in EoI

Thirty-four companies, including some of the largest global and domestic wind energy players, participated in the Expression of Interest (EoI) floated by the government on the plan to set up the country’s first mega offshore wind farm.

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Government's Solar Plan For Farmers Hits Funding Roadblock: Report

Government's Solar Plan For Farmers Hits Funding Roadblock: Report

Prime Minister Narendra Modi's ambitious solar project for farmers called Kisan Urja Suraksha Evam Utthaan Mahabhiyan (KUSUM) has been red flagged by the Finance Ministry, Business Standard reported.

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India bans petcoke import for use as fuel

India bans petcoke import for use as fuel

India on Friday banned the import of petcoke for use as fuel, but said shipments for use as feedstock in some industries was allowed.

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Sun Petrochemicals in the race to buy Assam Oil Company

Sun Petrochemicals in the race to buy Assam Oil Company

Dilip Shanghvi-promoted Sun Petrochemicals Pvt. Ltd has bid for the assets of debt-ridden Assam Co. India Ltd (ACIL), two people aware of the development said.

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Petrol price unchanged at Rs 84.63 per litre, diesel prices increased by 8 paise to Rs 73.10 per litre

Petrol price unchanged at Rs 84.63 per litre, diesel prices increased by 8 paise to Rs 73.10 per litre

The petrol price has remained unchanged in Mumbai at Rs 84.63 per litre while the diesel price for the city was increased by 8 paise to Rs 73.10 per litre. The increase in the fuel price comes as an aftereffect of the falling rupee.

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Oil on its longest losing run since 2015 on turmoil and supply concerns

Oil on its longest losing run since 2015 on turmoil and supply concerns

Oil headed for the longest run of weekly declines in three years, dragged down by everything from an emerging-market rout to rising global supplies and lingering concerns over a spat between the world’s biggest economies.

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Be alert! Iran oil sanctions can send macro defense packing

Be alert! Iran oil sanctions can send macro defense packing

Recent statements of President Donald Trump suggest that the US may impose tough sanctions on oil exports from Iran. This may make it difficult for India to continue to import oil from Iran.

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Reliance halts gasoline shipments from Jamnagar site causing fuel margins to spike

Reliance halts gasoline shipments from Jamnagar site causing fuel margins to spike

Reliance Industries has declared force majeure on gasoline exports from its Jamnagar site, four people familiar with the matter said on Wednesday, causing the profit margin from producing the fuel to jump to its highest since September.

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Sudan wants India's ONGC Videsh to withdraw arbitration over oil payment dues

Sudan wants India's ONGC Videsh to withdraw arbitration over oil payment dues

Sudan wants India's ONGC Videsh Ltd (OVL) to withdraw arbitration proceedings against the African nation as it is making efforts to mitigate default on payment of dues, OVL said in a statement on Friday.

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GAIL awards contract for 108 km of Barauni-Guwahati gas pipeline

GAIL awards contract for 108 km of Barauni-Guwahati gas pipeline

GAIL (India) Limited has awarded the first contract for purchase of 108 km 24-inch diameter line pipes under the Barauni-Guwahati segment of the Jagdishpur-Haldia and Bokaro-Dhamra Natural Gas Pipeline (JHBDPL) project.

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IRCTC Waitlisted Ticket Rules You Should Know

IRCTC Waitlisted Ticket Rules You Should Know

IRCTC (Indian Railway Catering and Tourism Corporation) offers the facility of online booking of train tickets. The advance booking for train ticket opens 120 days before the date of journey, said IRCTC on it's official website- irctc.co.in.

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Service rate at private rail ticket counters rise

Service rate at private rail ticket counters rise

In what appears to be a significant move to outsource ticket booking to the private sector, the Railway Board has increased service charges for private ticket booking counters across the country.

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Indian Railways trains to run at faster speeds! New step to avoid train delays

Indian Railways trains to run at faster speeds! New step to avoid train delays

A new move by Indian Railways to avoid train delays! Recently, Piyush Goyal-led Railway Ministry has asked the drivers of Indian Railways to hit the top permissible speed only to make up for the lost time if trains are running

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NHAI borrowings jump a little over 18 times to Rs 620 billion since 2014

NHAI borrowings jump a little over 18 times to Rs 620 billion since 2014

With the government focusing on road building, a key benchmark of economic activity, the money borrowed by the National Highways Authority of India (NHAI) has jumped a little over 18 times to Rs 620 billion since 2014

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Japan to get interest forever on low-cost funds extended to the Railways

Japan to get interest forever on low-cost funds extended to the Railways

Japan will get interest repayment in perpetuity or forever for the low-cost loan that it extended to India for building the western dedicated rail freight corridor. The interest will be about ₹2,800 crore every year.

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