At a time when dozens of power plants are set to be dragged to bankruptcy courts for defaulting on loans, a high-level panel has recommended a bailout for the Gujarat-based stranded generating stations of Tata Power,
After crude oil and electronics, coal has emerged as the latest headache for Indian policy makers battling with unfavourable balance of payments, prompting the Reserve Bank of India (RBI) to flag its concern over the rising dry fuel import, perhaps for the first time.
Rising crude oil prices could become a concern for the Indian economy with the government expecting the oil import bill to rise by 20% in the current year to $105 billion, up from $88 billion in 2017-18.
The department of industrial policy and promotion (DIPP) has raised red flags over the tender process of the Indian Railways’ Rs 2,700 crore trainset project – which has resulted in a single bidder outcome – and has sought clarification from the state-run transport on alleged deviations from the Modi government’s public procurement policy.
Nearly 44 years after India nationalised its coal sector, the industry has been thrown open for participation by private players, in a move that would bring in competition for state-owned Coal India (CIL), which has till now enjoyed a monopoly over the business.
Indian oil consumption in 2017 grew at its slowest in four years, according to government statistics, hit by the government’s demonetisation move and a tax increase that knocked the gain in fuel use back to a modest 2.3 percent.
Private power companies are crying foul as Coal India (CIL) has stepped up supply to state-owned power plants without a long-term fuel linkage at a time when former’s generating stations are seeing a shortage of the dry fuel, saying this is in contravention of the government policy.
The state of Kerala is unusually mindful of the hazards posed by pigs. According to the state Pollution Control Board (KSPCB) rules, pig farms fall under the ‘Red’ category, reserved for the most hazardous group of industries.