GOOD EVENING INDIA

October 20, 2018, Saturday

Your Evening News Updates From Across The Media Space

‘Upgrading India’s old power plants can offer ₹3,500 cr in savings’

‘Upgrading India’s old power plants can offer ₹3,500 cr in savings’

Twesh Mishra Plant upgrades can help domestic power generation companies save nearly ₹3,500 crore a year, according to Andrew DeLeone, Managing Director of GE Power India Ltd.

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India's solar PV installed capacity crosses 25 GW, says Mercom

India's solar PV installed capacity crosses 25 GW, says Mercom

The total installed capacity of solar power generation has crossed 25 giga watts (GV), according to Mercom India Research. The country recently marked 25 GW of installed solar photovoltaic (PV) capacity, with the seven months seeing over 5 GW of solar PV capacity getting installed.

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India Considers Raising Import Duty on Steel to Support Rupee: Report

India Considers Raising Import Duty on Steel to Support Rupee: Report

India's steel ministry has proposed increasing the effective import duty on some steel products to 15 percent from current rates ranging from 5 percent to 12.5 percent, according to two sources and a government document reviewed by Reuters, as the country looks to support the rupee.

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Is the smart meter programme under UDAY really smart?

Is the smart meter programme under UDAY really smart?

The key to the success of a smart meter implementation programme is its ability to provide reliable electricity consumption data, to be used for plugging operational inefficiencies in the system.

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Cabinet approves Rs 3,466 crore package for dam safety and rehabilitation

Cabinet approves Rs 3,466 crore package for dam safety and rehabilitation

The Union cabinet chaired by Prime Minister Narendra Modi today approved a Rs 3,466 crore package for safety and rehabilitation and management of hydro power dams in the country.

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Panel suggests pension cap for coal workers at Rs 45,000/Month

Panel suggests pension cap for coal workers at Rs 45,000/Month

A panel set up by the Coal Mines Provident Fund Organisation has recommended that the monthly pension for retired workers be capped at ₹45,000 because the poorly managed fund is running out of money.

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Anil Ambani led Reliance Power to bid for stressed power projects

Anil Ambani led Reliance Power to bid for stressed power projects

Reliance Power (RPower) plans to take an inorganic path for growing its business. The company will bid for stressed thermal power projects, take up operation and maintenance (O&M) of troubled power plants and also provide mine development services.

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Spot Power Prices At Nine-Year High On Coal Shortage, Festival Season Demand

Spot Power Prices At Nine-Year High On Coal Shortage, Festival Season Demand

Prices of power in the spot market rose to a nine-year high in September on account of soaring electricity demand in many states due to the festive season and shortage of coal in thermal plants.

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India’s oil import bill ballooned 52 per cent to $11.83 billion in August

India’s oil import bill ballooned 52 per cent to $11.83 billion in August

India’s oil import bill jumped 51.62 per cent $11.83 billion in August from $7.80 billion in the same month a year ago, fresh data source from the oil ministry showed.

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IGL to set up 60 CNG stations, give 2 lakh connections in FY19

IGL to set up 60 CNG stations, give 2 lakh connections in FY19

Indraprastha Gas, India's biggest city gas retailer, plans to add a record 60 CNG dispensing stations and give piped cooking gas connections to at least 2 lakh households this fiscal as it steps up efforts to achieve the government's target of a gas-based economy.

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DSF Bid Round II expected to yield revenue of $15.3 billion

DSF Bid Round II expected to yield revenue of $15.3 billion

Director General of Hydrocarbons (DGH) V P Joy said that the second round of bidding for Discovered Small Field (DSF) was expected to yield a revenue of USD 15.3 billion for companies for the next 20 years.

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There is no possibility of us absorbing a part of crude price hike: M K Surana, HPCL

There is no possibility of us absorbing a part of crude price hike: M K Surana, HPCL

$80 per barrel again, would you be forced to absorb the hit again if it surges too much, coupled with the rupee being at a record low now? The crude is not threatening to touch, it almost touched $80

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Corporate casualties of a weakening rupee and surging crude oil prices

Corporate casualties of a weakening rupee and surging crude oil prices

Despite the government’s recent measures to contain the rupee’s fall, the Indian currency remains on a weak footing. In the last one month, the rupee has depreciated by around 14% against the dollar and is among Asia’s worst-performing currencies.

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New STP in Delhi can generate three tonnes of biofuel per day: Science and Technology Minister Harsh Vardhan

New STP in Delhi can generate three tonnes of biofuel per day: Science and Technology Minister Harsh Vardhan

To combat emerging pollutants from the Barapullah drain in the national capital, Union Science and Technology Minister Harsh Vardhan on Tuesday inaugurated a sewage treatment plant (STP) here, saying it has a capacity to convert 10 lakh litres of sewage into three tonnes of biofuel per day.

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Tank up in Karnataka: Government to encash fuel price advantage

Tank up in Karnataka: Government to encash fuel price advantage

After cutting sales tax rates on petrol and diesel, the Janata Dal (Secular)-Congress government is now planning to hardsell Karnataka as a destination where motor fuel prices are the cheapest.

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Risk-averse banks drying up loans for highway projects

Risk-averse banks drying up loans for highway projects

Risk-averse bankers are slowing construction of infrastructure projects in India, Nitin Gadkari, the country’s minister for road transport and highways, said.

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Nitin Gadkari on what stalls India’s plan to build 84,000 km of roads by 2022

Nitin Gadkari on what stalls India’s plan to build 84,000 km of roads by 2022

Risk-averse bankers are slowing construction of infrastructure projects in India, Nitin Gadkari, minister for road transport and highways, said. Loans to road contractors and bank guarantees for projects have dried up,

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Delhi Metro’s fight against snags goes to the wire

Delhi Metro’s fight against snags goes to the wire

In one of its most massive infrastructure overhaul in many years, Delhi Metro Rail Corporation (DMRC) is upgradingelectrical equipment on the 240 km of elevated corridors in its network. In an effort that will require meticulous work

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Railways approves acceptance of GE’s modern locomotives under $2.5 bn deal

Railways approves acceptance of GE’s modern locomotives under $2.5 bn deal

GE Transportation today announced Indian Railways has confirmed its acceptance of GE’s 4,500 Horsepower diesel-electric Evolution Series prototype locomotives. This follows the completion of rigorous testing of the locos on Indian Railways’

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Indian Railways Bullet train suffers yet another blow; Farmers shoot off letter

Indian Railways Bullet train suffers yet another blow; Farmers shoot off letter

Farmers in Gujarat whose lands will be acquired for the Mumbai-Ahmedabad Bullet train have written to the Japan government, alleging violation of the guidelines of the Japanese agency which is funding the project.

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Why Rs 7 lakh cr Bharatmala project should be made 50 times bigger

Why Rs 7 lakh cr Bharatmala project should be made 50 times bigger

Atal Bihari Vajpayee, our beloved former prime minister, changed the narrative of infrastructure development in India by envisioning a future, which had no correlation to the past and present.

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