​GOOD MORNING INDIA!

November 20, 2018, Tuesday

LATEST NEWS UPDATES ON ENERGY AND INFRASTRUCTURE FROM ACROSS THE MEDIA SPACE

GST: India's Biggest Ever Tax Reform Launched At Midnight

GST: India's Biggest Ever Tax Reform Launched At Midnight

It is unlikely that India would sleep tonight. On the intervening night of June 30-July 1, the country is all set to embrace one of its biggest changes-the Goods and Services Tax (GST)--since its independence back in 1947.

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GST: PMO Calls For All-out Effort On Part Of Centre To Ensure Smooth Transition

GST: PMO Calls For All-out Effort On Part Of Centre To Ensure Smooth Transition

The government as well as the ruling BJP have drawn lessons from the widespread criticism that came their way during the demonetisation drive in November and will make all efforts to ensure the implementation of goods and services tax is a smooth affair.

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'One Tax, One Market, One Nation,' Says Arun Jaitley As GST Regime Starts

'One Tax, One Market, One Nation,' Says Arun Jaitley As GST Regime Starts

Finance Minister Arun Jaitley has said rollout of the GST will ease inflation, make tax avoidance difficult and boost GDP growth.

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GST May Lead To Lower Taxation Rate In Future, Says Piyush Goyal

GST May Lead To Lower Taxation Rate In Future, Says Piyush Goyal

Union Power Minister Piyush Goyal today said that the Goods and Services Tax (GST) is a major transformational step. He said that the GST might lead to a situation where tax incidences would be lower.

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Why we need nuclear power

Why We Need Nuclear Power

Prime Minister Narendra Modi signed an agreement early June with President Vladimir Putin for two more units of nuclear plants at Kudankulam.

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India’s Rural Electrification Corp To Raise Us$450 Million In Green Bonds

India’s Rural Electrification Corp To Raise Us$450 Million In Green Bonds

Indian state-run Rural Electrification Corporation (REC) is to raise US$450 million through its first ever 10-year Green Bonds with listing at London and Singapore, according energy minister Piyush Goyal.

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South Corporation Prods, NTPC Plans Waste Plant At Badarpur

South Corporation Prods, NTPC Plans Waste Plant At Badarpur

As Delhi fast runs out of dumping grounds, state-run generation utility NTPC has stepped in at the behest of South Delhi Municipal Corporation and agreed to set up a solid waste management plant at its Badarpur power station

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Orient Green Power To Sell Loss-making Biomass Biz For Rs 275 Cr

Orient Green Power To Sell Loss-making Biomass Biz For Rs 275 Cr

Orient Green Power Company Limited (OGPL), which is part of the Shriram Group and a renewable energy-based power generation company, is looking to sell its bulk of biomass operations to its promoter company- Shriram Ventures Ltd (SVL Ltd) or its subsidiaries.

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Kalpataru Bags Orders Worth Rs 676 Crore

Kalpataru Bags Orders Worth Rs 676 Crore

Engineering firm Kalpataru Power Transmission (KPTL) today said that it has secured new orders worth Rs 676 crore.

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Spot Prices Firm On Drop In Renewables Generation

Spot Prices Firm On Drop In Renewables Generation

European spot electricity prices for delivery early next week rose on Friday on the back of a forecast fall in power generation from wind and solar sources.

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Trump’s Coal Announcement Completely Misunderstands Global Coal Markets

Trump’s Coal Announcement Completely Misunderstands Global Coal Markets

Rolling back restrictions on financing coal projects overseas is part of President Trump’s road-map to a “new era of American energy dominance,” he said a speech at the Department of Energy’s headquarters on Thursday.

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ADB Approves USD 150 Million Loan To Support Power Supply In Nepal

ADB Approves USD 150 Million Loan To Support Power Supply In Nepal

The Asian Development Bank (ADB) has approved a USD 150 million loan to Nepal to improve the reliability and efficiency of electricity supply to end the energy crisis within the next two years in the country.

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Urja Utsav From July 7

Urja Utsav From July 7

Two day Bio energy Urja Utsav has been organised by Ministry of Petroleum & Natural Gas on July 7 and 8 at Shiv Chhatrapati Sports Complex, Balewadi, Pune.

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Axis Provides Solar Powered Smart Surveillance Solution

Axis Provides Solar Powered Smart Surveillance Solution

Axis Communications, announced the successful installation of a campus-wide surveillance system at Dayalbagh Educational Institute, Agra.

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IAN Funds Renewable Energy Startup Carbon Masters

IAN Funds Renewable Energy Startup Carbon Masters

Carbon Masters India Pvt. Ltd. is a Bengaluru – based renewable energy provider and a startup. The startup had announced yesterday (29/06/2017) that it has secured Seed funding from the VC firms, Sangam Ventures and Indian Angel Networks (IAN).

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BHEL Ties up With Kawasaki to Make Steel Metro Coaches

BHEL Ties up With Kawasaki to Make Steel Metro Coaches

State-run engineering firm BHEL today said that it has entered into an agreement with Kawasaki Heavy Industries Ltd (KHI), Japan, to produce stainless steel coaches and bogies for metro rail.

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China Energy Demand May Already Have Peaked - Researchers

China Energy Demand May Already Have Peaked - Researchers

China's energy demand has reached peak levels and is set to fall in coming years, an influential government think tank said, in a study offering an optimistic view on Chinese efforts to combat climate change.

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Global Crude oil price of Indian Basket was US$ 46.62 per bbl on 29.06.2017

Global Crude oil price of Indian Basket was US$ 46.62 per bbl on 29.06.2017

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.62 per barrel (bbl) on 29.06.2017.

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‘GST Council Has to Decide on Petroleum, Centre For Its Inclusion’

‘GST Council Has to Decide on Petroleum, Centre For Its Inclusion’

The Centre is fully for bringing petroleum products under GST scheduled for implementing from July 1, and the GST Council will require to take a decision on taxing these as per the new indirect tax regime, Finance Minister Arun Jaitley said on Friday.

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Saudi Aramco And Other Gulf Oil Giants Seek To Invest In India, Kazakhstan

Saudi Aramco And Other Gulf Oil Giants Seek To Invest In India, Kazakhstan

Saudi Aramco was said to be seeking to enter exclusive talks on investing in the largest refining project under way in India – revealed in a coincident industry report to have been the world’s fastest-growing crude consumer last year. Meanwhile, petrochemicals-focused Saudi Basic Industries Corp. (SABIC) has committed to studying projects in Kazakhstan as part of a wider co-operation agreement between Riyadh and Astana.

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While We Didn’t Notice, Fuel Prices Have Been Falling Since Daily Revisions Were Introduced

While We Didn’t Notice, Fuel Prices Have Been Falling Since Daily Revisions Were Introduced

The one thing that pinches everyone is the price of fuel. Doesn’t matter if they ride a scooter or are chauffered in a luxury car, fuel prices hurt everyone equally. That’s why diesel cars sell more than petrol ones do.

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India's Largest Refiner IOC Setting up Singapore Oil Unit: Sources

India's Largest Refiner IOC Setting up Singapore Oil Unit: Sources

India's largest refiner Indian Oil Corp is setting up an office in Singapore that will handle crude oil purchases and the sales of oil products from its refineries later this year, trade sources said on Friday.

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Eight core sector growth rises to 3.6% in May

Eight core sector growth rises to 3.6% in May

A sharp rise in output of natural gas, electricity and refinery production aided the eight core sectors to grow 3.6% in May compared with 2.8% in April. The core sector had expanded 5.2% in May last year.

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Booming U.S. Output Dents Expectations of Oil Price Recovery

Booming U.S. Output Dents Expectations of Oil Price Recovery

Analysts have cut their forecasts for oil prices this year and next as the prospect of a continued large rise in U.S. production will likely slow OPEC's efforts to cut its output to help supply match demand, according to a Reuters poll.

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Hydrocarbons Sector: Next Bidding Round For Discovered Small Fields In Oct

Hydrocarbons Sector: Next Bidding Round For Discovered Small Fields In Oct

Giving a major boost to new entrants in the hydrocarbons sector, the Ministry of Petroleum and Natural Gas is set to launch the second round of bidding for discovered small and marginal fields (DSF) in October. 

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Oil And Gas Fields To Be Monitored Closely: Dharmendra Pradhan

Oil And Gas Fields To Be Monitored Closely: Dharmendra Pradhan

Oil and gas minister Dharmendra Pradhan has asked officials to intensify monitoring of oil and gas fields given to state-owned firms such as ONGC and ensure that there are no slippages in domestic output.

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LNG Price Row Between India, US Crimps Trump's Export Aims

LNG Price Row Between India, US Crimps Trump's Export Aims

India's biggest importer of U.S. liquefied natural gas (LNG) is trying to re-negotiate prices with the U.S. seller, sources said, undermining plans by U.S. President Donald Trump to export more gas to the fast-growing Asian nation.

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Turkmen President Invites Uzbekistan To TAPI Pipeline Project

Turkmen President Invites Uzbekistan To TAPI Pipeline Project

Turkmen President Gurbanguly Berdimuhamedov invited the business community of Uzbekistan to participate in the Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline project, said the Turkmen Dovlet Habarlary state news service.

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U.S-Mexico Petroleum Pipeline To Go Right Under The Wall, Says Trump

U.S-Mexico Petroleum Pipeline To Go Right Under The Wall, Says Trump

U.S. President Donald Trump has approved a new petroleum pipeline to Mexico as part of a broader plan to export American energy around the world.

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Chilean Scientists Produce Biodiesel From Microalgae

Chilean Scientists Produce Biodiesel From Microalgae

Biodiesel made from microalgae could power buses and trucks and reduce greenhouse gas emissions by as much as 80 percent, Chilean scientists said, possibly curbing pollution in contaminated cities like Santiago.

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Uttarakhand HC To Officials: Provide Infra To Schools Or Face Salary Cut

Uttarakhand HC To Officials: Provide Infra To Schools Or Face Salary Cut

The Uttarakhand High Court told education department officials on Friday to provide infrastructure to government-run schools in six months or face salary deduction in January next year.

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Central Line Rail Traffic Affected After Engine Wheel Derails

Central Line Rail Traffic Affected After Engine Wheel Derails

Rail traffic on the central line was affected for over an hour after a wheel of an engine of Nizamuddin-Ernakulam Mangala Express derailed while entering Kalyan station this afternoon, a senior central railway official said.

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GST: AC Fares In Trains To Go Up Marginally From Tomorrow

GST: AC Fares In Trains To Go Up Marginally From Tomorrow

With the Goods and Services Tax (GST) coming into effect from tomorrow, rail passengers will have to pay a little more to travel AC and first class.

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Union Minister for Railways Suresh Prabhu says 500 Stations Can be Developed Under PPP Mode

Union Minister for Railways Suresh Prabhu says 500 Stations Can be Developed Under PPP Mode

Speaking at the fire-side chat at the AGM of Indian Merchants Chamber in Mumbai on 29th June , 2017 Union Minister for Railways, Suresh Prabhu said that the government is working on a scheme to develop 500 railway stations

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Arun Jaitley Meets representatives of trade and industry; urges to pass on GST benefit to consumers

Arun Jaitley Meets representatives of trade and industry; urges to pass on GST benefit to consumers

The Union Minister of Finance, Defence and Corporate Affairs, Arun Jaitley asked the representatives of Trade and Industry to ensure that all benefits arising due to the implementation of GST from 1st July, 2017

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Suburban Railway Gets A Small Push

Suburban Railway Gets A Small Push

With the Centre’s final Suburban Rail Policy putting the lid on the funding controversy between the Railways and the state government by fixing the latter’s share at 80%, the baby steps towards forming the Special Purpose Vehicle (SPV) are finally being taken.

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Indian Railways To Install Vending Machines To Serve Food On Trains

Indian Railways To Install Vending Machines To Serve Food On Trains

In a bid to deal with passengers’ complains of getting stale or overpriced food, the Indian Railways is planning to install a vending machine which will dispense ready-to-eat food to the passengers 24X7

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Jammu And Kashmir Highway Closed For Traffic Due To Landslides

Jammu And Kashmir Highway Closed For Traffic Due To Landslides

The 300-km long Jammu-Srinagar national highway was closed for vehicular traffic due to blockade triggered by landslides in the Ramban and Udhampur districts of Jammu and Kashmir on Friday.

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Railways Safety Overhaul at Risk Due to Rail Shortage

Railways Safety Overhaul at Risk Due to Rail Shortage

A planned $15 billion safety overhaul of India’s ageing rail network is facing delays as the country's state steel company is unable to meet demand for new rails, according to two government documents seen by Reuters.

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Train Services Hit Due to Protest by Tribal

Train Services Hit Due to Protest by Tribal

Train services were today affected in Kharagpur and Adra division of south eastern railway due to ‘rail roko’ call given by Bharat Jakat Majhi Pargana Mahal (BJMPM), the largest outfit of tribals in west Midnapore, SER sources said.

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JSW Steel Sets Sights on Acquisitions in US

JSW Steel Sets Sights on Acquisitions in US

Sajjan Jindal's JSW Steel is eyeing acquisition of steel-making assets in the United States, spurred by its US based steel mill's improved financial performance after US President Donald Trump's Make in America policy brought smokestack businesses back into the reckoning.

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We Need Collaboration With India on N-Power: Bangladesh ex-AEC Chief

We Need Collaboration With India on N-Power: Bangladesh ex-AEC Chief

Pitching for a "strong collaboration" with India in nuclear power, former Bangladesh Atomic Energy Commission chairman Shafiqul Islam Bhuiyan says his country could gain a lot from India's experience in construction, operations and maintenance of nuclear power plants.

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Now You Can Travel On Indian Railways With E-Aadhar As Identity Proof

Now You Can Travel On Indian Railways With E-Aadhar As Identity Proof

Passengers commuting by trains can now produce e-Aadhaar as identity proof. The Ministry of Railways on Friday announced its decision to incorporate downloaded e-Aadhar Card to its list of valid and prescribed identity proofs for rail travel across the country.

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ADB President Proposes $10 Billion Support For India's Low-income States And East Coast Economic Corridor

ADB President Proposes $10 Billion Support For India's Low-income States And East Coast Economic Corridor

Asian Development Bank (ADB) President Takehiko Nakao on June 29 explained to India’s leaders that ADB’s new country strategy for India (2018-2022) will focus on improving economic performance of low-income states and enhancing its support for developing economic corridors under the Make-in-India initiative.

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