The power sector roughly constitutes 20% of all the bad loans on the balance sheets of Indian banks. While the resolution of stressed power assets is an urgent priority, the government is also preparing reforms to ensure the long-term viability of the sector.
The Indian Railways has received a lot of flak not only from passengers but also from the Comptroller and Auditor General (CAG) that lashed out at it for failing to meet the basic hygiene standards and highlighted critical safety flaws in the infrastructure.
Oil slid Tuesday ahead of a meeting among OPEC and other supply-curbing countries later this week, where oil ministers are expected to ease output cuts, and amid an escalating trade fight between the US and China.
Monsoons have always proven to be a bane for Mumbai, but a new ‘waterproof’ engine may at least provide the answer to the transportations woes for locals.
Oil fell Wednesday after the Energy Information Administration reported an unexpected increase in US crude inventories.
A day after Moody’s downgraded its forecast for India’s growth in the current fiscal year to 7.3% from 7.5%, India’s Ministry of Statistics released its provisional growth estimates for the last quarter of 2017-18. And the results – which were above expectations – caused market prognosticators to rejoice and stock-markets to surge.
India may dominate the world’s air pollution list, but it’s still home to states like Tamil Nadu that utilise more wind energy than Sweden and Denmark.
Officials from the petroleum ministry have said that the government will ask ONGC to sell it’s fuel to refiners and distributors at around $70 a barrel.
India is apparently set to be both the fastest growing energy consumer and market by 2040. But that also means that over 300,000 people will be employed in the solar and wind industries by 2022, said a report by the International Labour Organisation.