Private equity (PE) players and pension funds may enter the government’s ambitious Rs 1-trillion railway stations redevelopment programme, Business Standard reports.
West Bengal failed to create a Green Energy Fund (GEF) under the renewable energy policy of the government, the CAG has said in its audit report. The responsibility for creation and management of the energy fund was thrust upon the state’s nodal agency,
The railways plans to bring down travel time of Rajdhani trains on the busy Delhi-Mumbai and Delhi-Howrah routes by over three hours with an investment of about Rs 14,000 crore in infrastructure, Railway Minister Piyush Goyal informed Parliament on July 17.
Customers may have to shell out more for petrol and diesel from April as fuel retailers are looking to pass on the higher cost of producing Bharat Stage VI-compliant fuel, said two senior officials at the companies.
India is moving towards a new regime where a power consumer would pay first and then get power supplies, which would eventually deal with the issue of non-payment in the sector, Union minister R K Singh said July 15.
The country has imported 51.84 million tonnes of coking coal in FY19, Parliament was informed July 15. “The entire demand of coking coal is not met from domestic production as the supply of high quality coal/ coking coal (low-ash-coal) in the country is limited and thus no option is left but to resort to import of coking coal
Environment Minister Prakash Javadekar on July 15 informed Rajya Sabha that fuel conforming to stringent BS-VI emission norms has been introduced in the national capital to reduce air pollution.
Union Minster R K Singh on July 14 said the aim of the Centre is to have “One Nation One Grid” and pay damages to consumers in case of load sheddings.
After LPG, the government is now extending its ‘Give It Up’ campaign to railway tickets. The railways are preparing to allow the passengers to give up subsidy on the railway tickets.
Oil prices hit a six-week high on July 11 as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region.