As it heads into election year, the central government is wary of underperforming on its solar energy mandate. As a result, it has instructed the Solar Energy Corporation of India (SECI), a company housed under the Ministry of New and Renewable Energ
Ernst President Donald Trump displays a presidential memorandum after announcing his intent to withdraw from the JCPOA Iran nuclear agreement in the Diplomatic Room at the White House in Washington, U.S., May 8, 2018.
In a move that is bound to get more countries to sign up for the International Solar Alliance (ISA), the CEO of Softbank, Masayoshi Son, has pledged to provide free solar energy to India and other members of alliance in 25 years. Son’s remarks came on 3 October at a renewable energy conference in India’s National Capital Region.
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.
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.