GOOD EVENING INDIA

October 20, 2018, Saturday

Your Evening News Updates From Across The Media Space

Trump’s Tariff Hike Causes Indian Steel Exports To Plunge By 42 Per Cent But Aluminium Sees Heavy Growth

Trump’s Tariff Hike Causes Indian Steel Exports To Plunge By 42 Per Cent But Aluminium Sees Heavy Growth

The duty hikes on the import of steel and aluminium products by the Donald Trump administration have begun to take their toll on Indian steel exports which plunged 42 per cent in the first quarter of the present financial year, Livemint has reported.

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Logistics cost & infra bottlenecks blunt Indian mining industry's edge

Logistics cost & infra bottlenecks blunt Indian mining industry's edge

Steep logistics cost and infrastructure bottlenecks are weaning away the competitiveness of Indian mining. India's logistics cost as a percentage of its GDP is 14 per cent, against 10 per cent in America and Japan

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Indian companies foreign investment decline 36% to $1.39 billion in July

Indian companies foreign investment decline 36% to $1.39 billion in July

Investment by Indian companies in their overseas ventures fell by more than 36 per cent to $1.39 billion in July this year, the Reserve Bank data showed. India companies had invested $2.17 billion in their overseas subsidiaries and joint ventures in the form of loan

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There’s a Plug-Free Way to Fill the World With Electric Vehicles

There’s a Plug-Free Way to Fill the World With Electric Vehicles

Umer Anwer stops on the street near Tesla Inc.’s Brooklyn showroom and grabs his smartphone. He’s looking for a spot to charge his electric car, and the Tesla charging plugs won’t work with the Nissan Leaf he’s driving.

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Delhi Cabinet approves 50% subsidy for using eco-friendly tandoors

Delhi Cabinet approves 50% subsidy for using eco-friendly tandoors

In a bid to reduce greenhouse gas emissions, the Delhi Cabinet on Tuesday approved a 50 percent subsidy for hotels and restaurants that use eco-friendly fuel instead of coal in clay ovens.

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NTPC rejects lenders’ proposal, mulls other options

NTPC rejects lenders’ proposal, mulls other options

State-run utility NTPC has turned down a proposal from bankers, led by State Bank of IndiaNSE -0.59 %, to buy the stressed power assets estimated to be close to Rs 1.9 lakh crore,

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NTPC signs MoU with Karnataka

NTPC signs MoU with Karnataka

As part of CSR initiatives, National Thermal Power Corporation (NTPC) Ltd, Kudgi Super Thermal Power Project based at Kudgi village, in the District has signed a Memorandum of Understanding (MOU) with Karnataka Industrial Training & Employment (DTE).

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Extended rains hit coal supply to power plants and raise spot prices

Extended rains hit coal supply to power plants and raise spot prices

Incessant rains coupled with low rake availability have impacted coal supply to power plants, especially in the northern region. Coal supply at the spot auction has also been hit, leading to high bid prices.

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1/4th of power plants burning coal and cash, yet more in pipeline

1/4th of power plants burning coal and cash, yet more in pipeline

Already battling an outstanding debt of Rs1.74 lakh crore and the falling price of renewables, analysis of new data reveals that almost one-fourth of the country’s thermal power plants are performing not even half as good as anticipated by the Union coal minister

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Small, medium industries go green, save on energy

Small, medium industries go green, save on energy

Many small and medium industries in the district are trying to go green. They have begun opting for measures that will help them reduce energy consumption and thus reduce their carbon footprints.

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Government not against petrol, diesel but wants to boost usage of alternate fuels: Nitin Gadkari

Government not against petrol, diesel but wants to boost usage of alternate fuels: Nitin Gadkari

The government is not against petrol and diesel but the emphasis is to increase the share of alternate fuels such as ethanol and methanol, which cost lower and are environment friendly, Union road transport and highways minister Nitin Gadkari said.

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Won’t be able to cut oil imports from Iran, India likely to tell US

Won’t be able to cut oil imports from Iran, India likely to tell US

India will likely tell the US that it won’t be able to cut oil imports from Iran after sanctions take effect early November and hopes to “sensitise’’ Washington to the issues faced by the country in this regard, while making it clear that no nation can dictate how its external policy can be run.

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Iran will export crude oil despite US pressure

Iran will export crude oil despite US pressure

Iranian President Hassan Rouhani says his country will continue exporting crude oil despite US efforts to stop it through sanctions. Speaking to a group of oil officials on Tuesday

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Biodiesel association plans to launch used cooking oil aggregation system

Biodiesel association plans to launch used cooking oil aggregation system

Aimed at promoting biofuel and healthy food, the Biodiesel Association of India (BDAI) plans to launch used cooking oil aggregation system in India under repurpose used cooking oil (RUCO).

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Government rules out excise duty cut as petrol, diesel price hit fresh high

Government rules out excise duty cut as petrol, diesel price hit fresh high

The government will not cut excise duty on petrol and diesel to cushion spiralling prices, which touched fresh highs Tuesday, as it has limited fiscal space available to take any dent in revenue collections, a top official said.

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Rupee Slips, Oil Costlier - India should reduce its dependence on oil

Rupee Slips, Oil Costlier - India should reduce its dependence on oil

The falling Indian rupee which has sunk to Rs 71.58 to the US dollar is a cause of concern for India. The Opposition has painted it as a failure of the government to control the free fall of the currency.

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In chart: The tax break-up for a litre of petrol

In chart: The tax break-up for a litre of petrol

On 4 September, a consumer paid ₹ 79.31 to buy a litre of petrol and ₹ 71.34 for a litre of diesel at an Indian Oil petrol pump in New Delhi. But there’s much goes into buying a litre of petrol, in financial terms, from just before leaving the Indian Oil refinery to the time you buy it.

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HPCL, BPCL hit 52-week lows on crude oil price surge, IOC falls 1%

HPCL, BPCL hit 52-week lows on crude oil price surge, IOC falls 1%

Shares of oil marketing companies fell over a percent, with HPCL and BPCL hitting fresh 52-week lows, as crude oil prices move upwards. The Brent crude is hovering close to USD 80 per barrel and this has impacted sentiment among investors.

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Motor fuel prices frozen for a day, Maharashtra may look at GST

Motor fuel prices frozen for a day, Maharashtra may look at GST

Petrol and diesel prices will be frozen for a day on Wednesday. Sources informed TOI that petrol will remain at Rs 86.72 per litre and diesel at Rs 75.74 per litre.

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Indian Railways train ticket booking: How to avail discounts and cashbacks on new IRCTC e-ticketing website

Indian Railways train ticket booking: How to avail discounts and cashbacks on new IRCTC e-ticketing website

Indian Railways passengers, note! You can get train tickets with discounts and cashback offers this festive season. Various platforms such a MobiKwik, Flipkart and Paytm are offering discounts and cashbacks when used for booking Indian Railways train tickets.

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OPINION: India needs 21st century 'highways' to transport energy, gas and power

OPINION: India needs 21st century 'highways' to transport energy, gas and power

"Transportation" infrastructure applies to physical goods as much as to non-physical goods. Infrastructure that assists in "transporting commodities through space" is what is most needed in India today.

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Chennai-Tiruchy National Highway to have speed-monitoring cameras

Chennai-Tiruchy National Highway to have speed-monitoring cameras

As part of the measures to improve the road safety and thereby reduce the fatalities, the Tamil Nadu government has decided to install advanced CCTV cameras to monitor the vehicles on the highly congested State and National Highway roads across the state

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NHAI’s funding arrangements may allay analysts’ concerns

NHAI’s funding arrangements may allay analysts’ concerns

National Highways Authority of India, the apex body for developing the nation’s roads, awarded contracts for 7,400 km in the year ended March 2018. That’s a more than six-fold increase from the 1,116 km of road contracts awarded five years ago.

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India set to incur Rs 7,000 crore cost to buy 18 bullet trains from Japan

India set to incur Rs 7,000 crore cost to buy 18 bullet trains from Japan

India is on track to purchase 18 bullet trains from Japan at a cost of Rs 7,000 crore in a unique deal, where the seller will have to transfer technology for local production, suggested an official who spoke to ET.

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India on track to buy 18 bullet trains from Japan for Rs 7,000 crore

India on track to buy 18 bullet trains from Japan for Rs 7,000 crore

India will purchase 18 bullet train sets from Japan at a total cost of about Rs 7,000 crore in a deal that includes a pledge to transfer technology for local production, an official said.

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Railways will save Rs 13,000 crore per annum in fuel bill post electrification: Manoj Sinha

Railways will save Rs 13,000 crore per annum in fuel bill post electrification: Manoj Sinha

Railways will save Rs 13,000 crore per annum in fuel bill and reduce carbon emissions by around 3.4 million tonnes a year after the electrification of railway lines is completed, Minister of State for Railways Manoj Sinha said Tuesday.

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Hot food and chilled beverages: Indian Railways engine-less Train 18 to have swanky pantry for passengers

Hot food and chilled beverages: Indian Railways engine-less Train 18 to have swanky pantry for passengers

Train 18, Indian Railways’ first engine-less train for inter-city travel, will not only mark a big technological boost for the national transporter but also have a better pantry for food offered on-board!

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