GOOD EVENING INDIA

July 17, 2019, Wednesday

Your Evening News Updates From Across The Media Space

India’s coal imports to remain buoyant in 2019 but seen lower than 2018 levels: WoodMac

India’s coal imports to remain buoyant in 2019 but seen lower than 2018 levels: WoodMac

India’s import of coking and thermal coal are likely to remain buoyant in 2019 on the back of business reforms and high industrial activity but could still fall below the highs witnessed last year, according to global consultancy Wood Mackenzie.

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Power grid investment needs to match enormous growth in renewable capacity: IEEFA

Power grid investment needs to match enormous growth in renewable capacity: IEEFA

There is an urgent need for a hefty investment in power grid transmission infrastructure to keep pace with growing low-cost renewable capacity for new households to afford electricity, said research organisation Institute for Energy

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India advances in renewable energy sector, but won't be able to meet a pledge due to policy gaps: CSE

India advances in renewable energy sector, but won't be able to meet a pledge due to policy gaps: CSE

India will be unable to meet one of its Paris Agreement commitments of generating 175-gigawatt (GW) of renewable energy by 2022 “if the sector continues to be plagued by policy inconsistency and discom problems”,

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Indian companies take bold emission reduction targets: CDP report

Indian companies take bold emission reduction targets: CDP report

Top Indian companies have reaffirmed their commitment to fighting climate change by taking bold emission reduction targets and promoting renewable energy that has put the country on the path to achieving its global commitment well ahead of the Paris Agreement targets.

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IL&FS SPV fallout: Ratings of 6 MF schemes under scanner of ICRA; see if you are impacted

IL&FS SPV fallout: Ratings of 6 MF schemes under scanner of ICRA; see if you are impacted

Ratings agency ICRA has placed ratings of six mutual fund schemes from three fund houses -- HDFC, UTI and Aditya Birla -- under watch with negative implications due to their exposures to special purpose vehicles (SPVs)

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Ensure returns while investing in power sector, Power Secy to PFS

Ensure returns while investing in power sector, Power Secy to PFS

Power Secretary A K Bhalla Tuesday said PTC India Financial Services (PFS) should be careful and cautious while making investments in power sector and also ensure returns.

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'Govt must learn from its failure before launching UDAY 2'

'Govt must learn from its failure before launching UDAY 2'

While the Centre plans to come up with Ujwal DISCOM Assurance Yojana (UDAY) 2.0 after the first one failed, experts feel this version of the scheme will meet the same fate as the government has not learnt anything from its experience.

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Centre insists on faster resolution of IL&FS

Centre insists on faster resolution of IL&FS

The government on Tuesday called for a faster resolution of the Infrastructure Leasing and Financial Services (IL&FS) crisis as it took stock of the ground covered so far.

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Adani Seeks to Purchase 700 MW of Solar Power, With 350 MW Under Greenshoe Option

Adani Seeks to Purchase 700 MW of Solar Power, With 350 MW Under Greenshoe Option

Adani Electricity Mumbai Limited has issued a Request for Selection (RfS) for the purchase of power from 350 MW of grid-connected solar projects on a long-term basis through a competitive bidding process.

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Tata Power seeks to tap Delhi EV charging as demand growth slows

Tata Power seeks to tap Delhi EV charging as demand growth slows

Tata Power Co. is seeking to set up electric vehicle chargers in the Indian capital, a company official said, as one of the most polluted cities on earth plans an ambitious push toward cleaner vehicles.

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Renewables risk being a bolt-on rather than true energy substitute

Renewables risk being a bolt-on rather than true energy substitute

"Energy transition” is a phrase that is used more often than it is examined. The idea is straightforward enough: the long shift away from fossil fuels and towards renewables and other forms of low-carbon energy

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Need long-term visibility, investment in renewables

Need long-term visibility, investment in renewables

Steps need to be taken to make renewable energy financially sustainable and more centric to the power situation, experts said. “The most important thing for us is the continuity of policies,” said Sumant Sinha, chairman, ReNew Power.

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Indian Oil to shut half of Panipat refinery from mid-Feb for a month

Indian Oil to shut half of Panipat refinery from mid-Feb for a month

Indian Oil Corp, the country’s top refiner, will shut half of its 300,000 barrels per day Panipat refinery in northern Haryana state for about a month from mid-February for maintenance, a company spokesman said.

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Cairn Energy says final drafting of arbitration award against retrospective tax in process

Cairn Energy says final drafting of arbitration award against retrospective tax in process

British oil firm Cairn Energy on Tuesday said an international arbitration tribunal is in the process of drafting a final award in its challenge to the Indian government using retrospective legislation to seek Rs 10,247 crore in taxes.

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Allot land for Indian Oil's textile project: Pradhan to Odisha CM

Allot land for Indian Oil's textile project: Pradhan to Odisha CM

Union Petroleum Minister Dharmendra Pradhan has urged Odisha Chief Minister Naveen Patnaik to order the allocation of 75 acres of land to Indian Oil for its textile project in Bhadrak for manufacturing polyester yarn.

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India in touch with Russia over deadly blaze on cargo ships in Black Sea

India in touch with Russia over deadly blaze on cargo ships in Black Sea

India is in touch with Russian authorities following reports that some Indians were affected in a deadly blaze on two cargo ships in the Black Sea near the Kerch Strait, officials said on Tuesday.

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Auto LPG body for change in archaic Type Approval norm to promote gaseous fuels

Auto LPG body for change in archaic Type Approval norm to promote gaseous fuels

The Indian Auto LPG Coalition (IAC) has demanded change in archaic Type Approval norms governing vehicle conversions to gaseous fuels to help automobiles easily convert to environment-friendly fuel.

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BMC invites private firms to set up biogas plant in city

BMC invites private firms to set up biogas plant in city

If everything goes as planned, a bio-gas plant will come up in the city. The Bhubaneswar Municipal Corporation (BMC) has floated an expression of interest inviting private parties to set up the plant.

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Commodity outlook: Oil cools off, support seen at Rs 3,750

Commodity outlook: Oil cools off, support seen at Rs 3,750

Crude oil and bullion lost their shine in futures trade on Tuesday, tracking a sluggish global trend. Gold prices edged lower on Tuesday, hovering near three-week lows hit in the previous session, as a firmer dollar made bullion more

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India to leave China behind in oil demand growth this year: WoodMac

India to leave China behind in oil demand growth this year: WoodMac

India is expected to become the second-largest oil demand growth centre globally in 2019, behind US but ahead of China, research and consultancy group Wood Mackenzie said on Tuesday.

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Petrol, diesel price hiked for 6th consecutive day: Check today's rates here

Petrol, diesel price hiked for 6th consecutive day: Check today's rates here

State-controlled oil marketing companies hiked retail fuel prices for the sixth consecutive day on Tuesday. After today's rate revision, petrol became dearer by 13-14 paise while diesel price was increased by 19-21 paise per litre across

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Visitors praise Train 18 exhibition at Vibrant Gujarat Summit

Visitors praise Train 18 exhibition at Vibrant Gujarat Summit

A Virtual Coach Room set up at the railway pavilion in the Vibrant Gujarat Summit to showcase the country's first engine-less trainset, called Train 18, was praised by visitors, a senior Western Railway official said Tuesday.

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On Sri Sivakumar Swami’s demise, Indian Railways makes special train arrangements for those heading to Tumkur

On Sri Sivakumar Swami’s demise, Indian Railways makes special train arrangements for those heading to Tumkur

Indian Railways introduces special trains for today! Piyush Goyal-led Railway Ministry, on account of the tragic demise of Sri Sivakumar Swamiji, has made special arrangements for those heading to Tumkur to pay their respects

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Facing All Odds, TTEs Collect Rs 3 Cr Per Day From Ticketless Rail Passengers

Facing All Odds, TTEs Collect Rs 3 Cr Per Day From Ticketless Rail Passengers

Isn’t it a daunting task to make a passenger pay Rs 260 for not buying a ticket worth Rs 10? Majority of 68,000 ticketless commuters belong to this category.

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Connectivity boost for Jammu & Kashmir! Nitin Gadkari to inaugurate first inter-state bridge today

Connectivity boost for Jammu & Kashmir! Nitin Gadkari to inaugurate first inter-state bridge today

Keediyan-Gandiyal bridge: Huge inter-state connectivity boost for Jammu and Kashmir! Union Minister of Road Transport and Highways, Nitin Gadkari will inaugurate the first inter state bridge in Jammu and Kashmir.

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Delhi government to roll out disabled-friendly buses with three doors from March-end

Delhi government to roll out disabled-friendly buses with three doors from March-end

In a first, the Delhi government will introduce a new kind of disabled-friendly bus that will have three doors for passengers instead of the usual two.

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Train 18 latest update: Launch of Indian Railways’ engine-less train delayed further; here’s why

Train 18 latest update: Launch of Indian Railways’ engine-less train delayed further; here’s why

Train 18 latest update: Indian Railways’ engine-less self-propelled train set, slated to be first flagged off by December-end, has gone into a loop of delay, with the electrical department set to inspect it.

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Safety Commissioner Pulls Up Chennai Metro For Shoddy Work, Orders Their Professional Completion In 10 Days

Safety Commissioner Pulls Up Chennai Metro For Shoddy Work, Orders Their Professional Completion In 10 Days

The Commissioner of Metro Railway Safety, K A Manoharan, has found some issues in the facilities of Chennai Metro, especially in the entry and exit points of the Central-DMS stretch, reports Times of India.

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Railways to showcase Gandhi’s journey in this year’s R-Day tableau

Railways to showcase Gandhi’s journey in this year’s R-Day tableau

After a gap of three years, the Indian Railways will make a comeback to the Republic Day parade on Saturday with its tableau depicting Gandhi’s life journey titled, “Mohan to Mahatma”, according to two officials familiar with the matter.

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Create financing ecosystem, build on bankable projects to revive infrastructure sector

Create financing ecosystem, build on bankable projects to revive infrastructure sector

Sector-specific public-private partnerships (PPPs), bankable projects, a more active policy framework and resolution of legacy issues — the consensus among industry, financial institutions and sector experts is that the country needs these to revive

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