Government Plans to revive $2 billion of Gold reserves and Make “Bharat Sone Ki Chidiya again, says Piyush Goyal

We are committed to make Bharat Sone (Gold) Ki Chidiya again. Gold reserves worth $2 billion to be revived, it will bring down the import of gold,” Union Mines Minister, Piyush Goyal also holding the charge of power, RE and coal ministries said in a tweet on Friday.

Government Plans to revive $2 billion of Gold reserves and Make “Bharat Sone Ki Chidiya again, says Piyush Goyal

India, the second largest importer of Gold after China, is working on a plan to revive gold reserves worth $2 billion in a couple of its age old gold mines that have been lying shut for more than 15 years.

Forging Stronger Ties With UAE To Ensure India’s Energy Security : Pradhan

The pact assumes immense significance for an oil importing nation like India and one that feeds 80% of its crude oil needs through imports. The underground strategic storages have been built at different locations across India and filling half of the oil storage facility at Mangalore amounts to 10 days of India's average oil demand (or about 37 million barrels of crude oil).

Forging Stronger Ties With UAE To Ensure India’s Energy Security : Pradhan

In what will help towards India’s energy security goals besides building a strong bond with the United Arab Emirates (UAE), India on Wednesday inked a significant pact with the energy rich Gulf nation on oil storage and management.

Accolades For Piyush Goyal and EESL: Distribution of LED Bulbs under UJALA crosses 20 crore

Today India is a world leader in LED consumption and we're selling 600,000 LED bulbs a day, union minister of state for power, coal, RE and mines Piyush Goyal said on Wednesday at the Raisina Dialogue 2017 in New Delhi.

Accolades For Piyush Goyal and EESL: Distribution of LED Bulbs under UJALA crosses 20 crore

In a span of just two years and which is also a record of sorts, India is presently selling six lakh LED bulbs every day and has crossed yet another benchmark of distributing over 20 crore LED bulbs under its flagship UJALA scheme. This assumes significance given the savings of Rs 10,000 crore that will accrue annually in electricity bills of the consumers.

With DISCOM losses at Rs 50,000 crore, Tamil Nadu to join UDAY in few days

Tamil Nadu's joining the scheme will make the UDAY club grow to 21. States of Assam and Telangana have signed MoUs early this week, a move that will see an overall net benefit of approximately Rs 6116 crores accruing to Telangana and Rs 1663 crores to Assam.

With DISCOM losses at Rs 50,000 crore, Tamil Nadu to join UDAY in few days

Power ministry’s flagship scheme, the Ujwal DISCOM Assurance Yojana (UDAY) will have soon have an important state-Tamil Nadu on board, likely by next week. With Discom losses of Rs 50,000 crore, Tamil Nadu’s joining will see over 90% of total DISCOM debts getting covered under the UDAY scheme.

Experts forecast India’s solar sector to rank in the top 3 global markets after China and the USA

India’s RE sector is clearly the focus of investors. Impressive growth estimates being predicted by experts. Mercom and Bridge to India Forecasts 8-9 GW of Solar Installations in India for 2017. For 2016, Solar Installations to Come in at around 4 GW

Experts forecast India’s solar sector to rank in the top 3 global markets after China and the USA

India’s renewable energy sector especially solar and wind projects have clearly emerged as the two fronts drawing maximum investments with an intact and impressive growth story being predicted by exper

Piyush Goyal To Launch A New Mobile APP and Web Portal on UDAY, the government’s flagship scheme for turnaround of state DISCOMs

The App and the web portal, to be launched by Goyal on Wednesday (January 4, 2017), will provide all details on the scheme including the number of states joining the scheme as also the progress achieved by each state under various parameters listed under the scheme—-including AT&C losses, cost of electricity, bonds issued and others.

Piyush Goyal To Launch A New Mobile APP and Web Portal on UDAY, the government’s flagship scheme for turnaround of state DISCOMs

Minister of State (Independent Charge) for Power, Coal & New and Renewable Energy and Mines, Piyush Goyal will launch the web portal and a Mobile App for one of India’s most talked about scheme

Tally of states joining UDAY to reach 20 as Assam and Telangana decide to come on board

Financial health of state power DISCOMs has been a big blot on the performance of state’s power sector and in order to make these DICSOMs financially viable and operationally sustainable, the scheme UDAY assumes a lot of significance.

Tally of states joining UDAY to reach 20 as Assam and Telangana decide to come on board

Two more states of Assam and Telangana will be joining the power ministry’s flagship scheme, Ujwal DISCOM Assurance Yojana (UDAY)—taking the tally ofvstates having joined the scheme to 20.

High Oil Prices May Spoil The Party For Indian Consumers and Economy

The volatility in oil prices can be witnessed from the fact that from levels of $26 a bbl in February, crude oil prices touched the highs of $55 in December, up 15% since OPEC decision on production cut.

High Oil Prices May Spoil The Party For Indian Consumers and Economy

​After being insulated from an increase in the domestic fuel prices, the ongoing upsurge in global crude oil prices could spoil the party for Indian consumers of petrol and diesel. India imports 80% of its crude oil requirements and any upward movement in oil prices casts an impact on domestic prices of petrol and diesel.