GOOD EVENING INDIA

October 20, 2018, Saturday

Your Evening News Updates From Across The Media Space

Power Producers vs RBI: Banks Can Initiate Insolvency Proceedings, Say Experts

Power Producers vs RBI: Banks Can Initiate Insolvency Proceedings, Say Experts

The Supreme Court’s oral order on Tuesday this week in the private power producers case led to conflicting views among experts. The written order, which was made available a day later, clarifies the situation on whether lenders can initiate insolvency proceedings

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August records investments worth $1.6 bn across 50 deals; Power sector at top

August records investments worth $1.6 bn across 50 deals; Power sector at top

Investments worth USD 1.6 billion across 50 deals were recorded in August this year, with buyout transactions increasing more than twice in terms of value compared to the same month last year, an EY report said.

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Power regulators need to be more market-oriented: Secy

Power regulators need to be more market-oriented: Secy

Electricity sector regulators need to be market-oriented and stakeholder-friendly, a senior official has said, adding that the government is injecting competition in the distribution sector through carriage and content separation.

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Indian coal reserves: Classification of coal and where it is found in the country

Indian coal reserves: Classification of coal and where it is found in the country

Coal is the main source of energy in India as it fulfils almost 67 per cent of the total commercial energy consumed in the country. This fossil fuel is found in the form of sedimentary rocks and is often known as 'Black Gold'.

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OPINION: Rupee pain is still fresh, policy tightening coming

OPINION: Rupee pain is still fresh, policy tightening coming

The rupee has fallen to fresh record lows after a surge in global oil prices and on expectations that it could start hurting India’s import bill. The slide was triggered chiefly by July’s trade deficit that widened to $15.8 billion on the back of pricier oil.

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Steel minister wants import duty on coking coal scrapped

Steel minister wants import duty on coking coal scrapped

India’s steel minister said on Thursday he wanted the finance ministry to scrap the 2.5 percent duty on imports of coking coal, a key steelmaking raw material, to limit input costs.

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How India’s impressive electrification compares with South Asian nations

How India’s impressive electrification compares with South Asian nations

On 28 April, Prime Minister Narendra Modi announced that the country’s last village without electricity had been electrified. This is a stunning achievement and crowns a decade of efforts. But how does it compare to the rest of South Asia?

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Some power firms taken to NCLT just before SC order

Some power firms taken to NCLT just before SC order

Lenders dragged a bunch of power companies to the National Company Law Tribunal (NCLT), signalling their intention to seek an early resolution to the issue of bad loans, just hours before the Supreme Court

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IOC mulls giving 5-kg cylinders to distributors to counter carriers' strike in Assam

IOC mulls giving 5-kg cylinders to distributors to counter carriers' strike in Assam

With LPG cylinder carriers on an indefinite strike in Assam, Indian Oil Corporation Thursday said it is considering supplying 5 kg cylinders to distributors for sale at the gates of its bottling plants.

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US reviewing India's Chabahar port development, says US official

US reviewing India's Chabahar port development, says US official

The Trump administration, which is determined to impose fresh set of sanctions on Iran and countries and entities engaged in business with Tehran, is currently reviewing India's development of the strategically important Chabahar port

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Petronet CEO Prabhat Singh gets 12.5% higher commission in FY18

Petronet CEO Prabhat Singh gets 12.5% higher commission in FY18

Petronet LNG, India's biggest liquefied natural gas importer, has paid a 12.5 per cent higher commission-on-profit to its chief executive Prabhat Singh and company directors in the fiscal year ended March 31, 2018.

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Why action on rupee, oil won't be 'knee-jerk' anymore

Why action on rupee, oil won't be 'knee-jerk' anymore

Amid a weak rupee, pricey crude oil and widening current account deficit (CAD), the 'no need for a knee-jerk reaction' response has finally given way to 'we may announce something soon' noises.

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Waiver for Chabahar, India From Iran Sanctions Under Review, Says Afghan Ambassador

Waiver for Chabahar, India From Iran Sanctions Under Review, Says Afghan Ambassador

Afghanistan’s ambassador to India Shaida Mohammad Abdali has said that a waiver against the US’s sanctions on the section of Chabahar Port that will directly connect India with Afghanistan was under review.

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Petrol Prices Hit 81 Rupees In Delhi, Cut In Kolkata

Petrol Prices Hit 81 Rupees In Delhi, Cut In Kolkata

Petrol and diesel prices surged to record levels on Thursday as oil marketing companies (OMCs) hiked fuel rates across metro cities, except in Kolkata where rates fell following the state government's decision of an excise cut.

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India says state energy companies scouting projects in Russia

India says state energy companies scouting projects in Russia

India’s state-run energy companies are looking to participate in more oil and gas projects in Russia, India’s oil minister said on Thursday, as a way to use the sector to bolster ties with the traditional ally rich in resources.

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Iran floats surplus oil as demand falls ahead of United States sanctions

Iran floats surplus oil as demand falls ahead of United States sanctions

Two tankers carrying Iranian condensate, a type of ultra-light oil, have been floating off the United Arab Emirates for about a month as demand for the oil fell ahead of U.S. sanctions.

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The VVIP Culture In Indian Railways

The VVIP Culture In Indian Railways

If the presumption was that VVIP culture had long been ended, the unfolding events on the intervening night of August 28-29 – when a Superfast train pulled in at the Gwalior railway station – turned up as rather a shocker.

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Urban Realty: How viable are our metro projects?

Urban Realty: How viable are our metro projects?

The Centre for Science and Environment (CSE), in its report, said Delhi Metro Rail Corporation (DMRC) is the second most unaffordable metro system in the world in terms of percentage of income spent for using it while asserting Delhi

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New IRCTC next-generation e-ticketing website: 5 cool facts every Indian Railways passenger should know

New IRCTC next-generation e-ticketing website: 5 cool facts every Indian Railways passenger should know

New IRCTC next-generation e-ticketing website: This year the official website of the Indian Railway Catering and Tourism Corporation (IRCTC), which is the e-ticketing and catering arm of Indian Railways underwent a major revamp.

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4 projects worthing Rs 258 crore approved in Chennai

4 projects worthing Rs 258 crore approved in Chennai

On Wednesday the Chennai Smart City Ltd board held a meeting for four projects which were approved. A five-tonne biogas plant that would use water hyacinth to produce fuel, and electricity subsequently.

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Indian Railways gets booster shot on 100% power drive; passengers, transporter to benefit

Indian Railways gets booster shot on 100% power drive; passengers, transporter to benefit

Railway Minister Piyush Goyal on Wednesday said the Cabinet Committee on Economic Affairs (CCEA) has approved 100 per cent electrification of rest of the 13,675 km of Indian Railways' broad gauge tracks at an estimated cost of Rs 12,134 crore.

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