The Union Cabinet today decided to set up a high-powered committee of Union ministers, including Finance Minister Arun Jaitley, to expedite strategic disinvestment of state-owned companies.
The Union Cabinet has given its approval to the proposal to complete the balance works of the North Koel Reservoir Project in Jharkhand and Bihar at an estimated expenditure of Rs 1622.27 crore to be incurred during three financial years from the start of the project.
The Central Electricity Regulatory Commission (CERC) does not think that the market is ready for spot trading of renewable energy and has accordingly
Addressing Debt Under UDAY : ACS-ARR Gaps Come Down By Almost 14 Paise Per Unit And AT&C Losses Reduce By Almost 1% in FY 17
The process of States taking over the targeted debts and issuing them as SDL Bonds has now been completed. According to MoP, as of now, the participating DISCOMs have to issue Bonds worth approximately Rs. 37,000 crores, which would be done in due course.
Power ministry’s flagship scheme, Ujwal DISCOM Assurance Yojana (UDAY) was launched in November, 2015 and has completed more than one year of operation .
The government has slapped additional penalty of USD 264 million (about Rs 1,700 crore) on RIL and its partners for producing less than the targeted natural gas from the KG basin block in 2015-16.
The country’s fuel demand grew by over 1 per cent in July as consumption of diesel and petrol rose, government data showed.
Although the market is cheering revival of Chinese coal demand in the short term, how long the rally will hold is anybody’s guess.
As India promotes domestic usage of coal to cut dependence on imports, China’s imports are on the rise in a contrasting trend. But a billion dollar question is, will China be able to pick up the slack left by India in the world coal demand?
Diesel and petrol consumption grew by 8.5 and 11.6 per cent respectively while LPG sales increased by 12.5 per cent in July
Kolkata-headquartered Simplex Infrastructures may bag the contract to build the 7.5-km Metro corridor and five stations between Gottigere and Swagath Road Cross on Bannerghatta Road as it has quoted the lowest bid.
Taking their cues from a slowing growth in the Chinese refining sector and rising shale output in the US, the global oil market slightly weakened on Monday.