India will test a plan to operate its underutilized natural gas-fired power generators as “peaker” plants that can switch on quickly when there’s high demand, according to the country’s power planning body.
India and Pakistan’s discord over water will now spill over to Afghanistan as well with Delhi ready to help the Afghan government build a dam on the Kabul river basin.
Ensuring the basic necessities like connectivity, insurance, PM Modi talked of development for all. PM said ” Housing for All, Power for All, Clean Cooking for All, Connectivity for All, Sanitation for All, Skill for All,
Saudi Aramco, the world’s biggest oil company, and its partner Abu Dabhi National Oil Co (ADNOC) will have marketing rights for half of the fuel produced by the planned USD 44-billion refinery in Maharashtra but cannot export them without first offering to local companies.
Banks, led by State Bank of India, are close to finalising resolution plans for at least half a dozen stressed power companies involving total loans of ₹50,000 crore, which could result in banks taking more than 50% haircut, bank officials said.
India, the second biggest crude customer for Iran, may cut its imports from the Islamic republic by half to secure a waiver from the U.S. to continue with shipments, people familiar with the matter said.
With the average speed of public buses down to a crawl, the Bengaluru Metropolitan Transport Corporation (BMTC) is keen to have bus priority lanes at least on some roads in the city. The idea, rejected by the previous government, could now come up before the yet-to-be-formed Integrated Road Transport Authority.
The Allahabad high court has asked Reserve Bank of India to make its final submissions on the case filed against its circular by power companies while fixing the matter for hearing on Aug 20.
The government is considering easing the mandatory 80% land acquisition condition before highways construction can start to speed up road building and start more projects before the next elections.
The government is considering awarding about 25 small and mid-sized power transmission contracts aggregating to about Rs 1,200 crore to state-run Power Grid Corporation of India (PGCIL), a move that has upset private sector transmission companies.