Stressed power resolution comes to a standstill

Stressed power resolution comes to a standstill

The resolution of 40,000 MW of stressed power projects has come to a standstill with lenders turning reluctant to engage with investors in the absence of fresh directions from the Reserve Bank of India and regulatory overreach that has made lowering of tariff mandatory from projects being sold at lower valuations.

Petrol pump owners bear brunt of EC cap on carrying cash

Petrol pump owners bear brunt of EC cap on carrying cash

With the model code of conduct imposing a prohibition on carrying of cash above Rs 50,000, petrol pump owners across Guwahati are in a difficult situation now. Owners say that on an average, transactions amounting to Rs 10-15 lakh — most of which is in cash — takes place in each petrol pump in the city.