GOOD EVENING INDIA

December 17, 2018, Monday

Your Evening News Updates From Across The Media Space

Lenders knock at NCLT door against GVK Power

Lenders knock at NCLT door against GVK Power

GVK Power and Infrastructure is facing lenders' heat. A consortium of creditors has taken the infrastructure company to the bankruptcy court for debt resolution involving its Goindwal Sahib asset, say sources.

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Higher demand pushes spot power price to eight-year high of Rs 14.08/unit

Higher demand pushes spot power price to eight-year high of Rs 14.08/unit

Spot power prices Monday touched over eight-year high of Rs 14.08 per unit in the day ahead market (DAM) on Indian Energy Exchange, mainly driven by higher demand.

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NCLAT amends order on Essar Steel, adds Darius Khambata as counsel

NCLAT amends order on Essar Steel, adds Darius Khambata as counsel

The National Company Law Appellate Tribunal (NCLAT) today amended its order on the Essar Steel, passed by it on september 7, to add the name of senior counsel Darius Khambata, which was left out.

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Electricity prices in spot market remain firm

Electricity prices in spot market remain firm

India’s electricity prices remained firm in the spot market due to a raft of reasons such as lower quantum of power being traded, demand increase in the wake of a retreating monsoon, and sellers such as Telangana turning buyers to meet its consumers’ demand.

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India is acting as a huge energy market for all SAARC nations: Dinesh Kumar Shimiri, joint secretary, Ministry of Energy, Nepal

India is acting as a huge energy market for all SAARC nations: Dinesh Kumar Shimiri, joint secretary, Ministry of Energy, Nepal

ETEnergyWorld catches up with Dinesh Kumar Shimiri as he talks about increasing energy exchange between India and Nepal along with rising collaboration among SAARC nations

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Gujarat: Rehabilitated KAPS-2 nuclear plant attains 'criticality'

Gujarat: Rehabilitated KAPS-2 nuclear plant attains 'criticality'

Two years after the shut down of the Kakrapar Atomic Power Station (KAPS-1&2) due to a leak at Surat in south Gujarat, it's Unit 2 attained 'criticality' early on Monday after undergoing 

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Banks' NPA provisions may stay elevated till FY20

Banks' NPA provisions may stay elevated till FY20

Banks are witnessing a spurt in asset quality stress in the non-corporate segment and the overall loan loss provisions for lenders are expected to stay elevated till fiscal year 2019-20, a report said.

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States ready to pay to meet peak demand, but where are the power sellers?

States ready to pay to meet peak demand, but where are the power sellers?

Demand-supply mismatch has been the nature of Indian power sector with seasonality playing a huge role. In current times, the situation is more precarious with demand registering a healthy, if not laudable growth, while supply options are shrinking.

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BHEL flags off first 6,000 Horsepower electric loco for Indian Railways

BHEL flags off first 6,000 Horsepower electric loco for Indian Railways

Bharat Heavy Electricals Ltd (BHEL), the country’s largest power equipment manufacturer, today announced it has expanded footprint in the transportation sector with the flagging-off of its first 6,000 Horsepower Type WAG-9H electric locomotive.

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'Fuels Must be Brought Under GST Ambit, Council Should Take Decision,' Says Petroleum Minister

'Fuels Must be Brought Under GST Ambit, Council Should Take Decision,' Says Petroleum Minister

Union Minister Dharmendra Pradhan spoke to the media on fuel prices, reiterating his stand on bringing the fuels under the GST ambit. He said, “I want petrol and diesel to come 

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Oil Minister Dharmendra Pradhan requests Odisha CM to reduce VAT on petrol, diesel

Oil Minister Dharmendra Pradhan requests Odisha CM to reduce VAT on petrol, diesel

Union Petroleum Minister Dharmendra Pradhan on Monday requested Odisha chief minister Naveen Patnaik to reduce VAT on petrol and diesel.

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Why government is not cutting petrol, diesel prices

Why government is not cutting petrol, diesel prices

Petrol and diesel prices have gone up every day since August 16. The prices of petrol and diesel are at an all-time high across the country. In Delhi, petrol sells today, September 17 at Rs 82.06 per litre 15 paise up from yesterday.

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Adani, IOC, BPCL, Torrent emerge as big winners of city gas licences

Adani, IOC, BPCL, Torrent emerge as big winners of city gas licences

The Petroleum and Natural Gas Regulatory Board (PNGRB) on Monday declared the final list of winners of city gas retailing licences that had billionaire Gautam Adani's group, 

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Constant rise in petrol prices dents festive spirit: Survey

Constant rise in petrol prices dents festive spirit: Survey

Ahead of the festive season, the surge in petrol rates has left consumers scrambling and cutting household expenses to adjust with the price hike, a survey said. "The festive season is nearing.

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Karnataka Becomes 4th State to Cut Tax on Fuel; Petrol, Diesel Cheaper by Rs 2

Karnataka Becomes 4th State to Cut Tax on Fuel; Petrol, Diesel Cheaper by Rs 2

The Karnataka government on Monday announced a cut of Rs 2 in excise duty on petrol and diesel, making it the fourth state to bring down the soaring fuel rates after Andhra Pradesh, Rajasthan and West Bengal.

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Opinion | Why Modi govt's push for ethanol as cheaper fuel is not good for India

Opinion | Why Modi govt's push for ethanol as cheaper fuel is not good for India

All of a sudden, a strong lobby appears to be emerging advocating the use of 20 percent ethanol in petrol for use by automobiles. The argument favouring the use of ethanol is that it is cheaper than petrol

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Check exclusive photos of Indian Railways' state-of-the-art Train 18

Check exclusive photos of Indian Railways' state-of-the-art Train 18

Indian Railways' Integral Coach Factor in Chennai is making India's most anticipated indigenously-built semi-high speed 'Train-18'. The ICF officials are expecting to roll out the first set of the luxury train for trial purposes around mid-October.

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‘Enter The Wagon’: Makers See Surge In Orders From Railways After Five Years

‘Enter The Wagon’: Makers See Surge In Orders From Railways After Five Years

India’s wagon industry has been seeing a massive increase in orders from the Indian Railways and this welcome development comes after a five-year-lull.

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Indian Railways takes big leap towards safety! All unmanned crossings on major routes eliminated

Indian Railways takes big leap towards safety! All unmanned crossings on major routes eliminated

Piyush Goyal-led Indian Railways has taken a big step towards ensuring safety! Following the Kushinagar accident in April, in which 13 school children were killed, Indian Railways has managed to either man or remove all level crossings

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Railways proposes harsher punishment for e-ticketing frauds

Railways proposes harsher punishment for e-ticketing frauds

Against the backdrop of online ticketing scams, railways is mulling an amendment to the Railways Act, 1989 to include a provision of penalising those committing e-ticketing frauds, sources said.

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Revival of PPP model and alternative funding for infra projects future of infrastructure development

Revival of PPP model and alternative funding for infra projects future of infrastructure development

Revival of PPP model and alternative funding, like InvITs and credit enhancements, after the exit of PSU banks from infrastructure lending, are the way forward for infrastructure development of the country.

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