Three cities of Uttar Pradesh are among nine chosen in the latest round of the Centre’s flagship Smart Cities Mission, Union Housing and Urban Affairs Minister Hardeep Singh Puri said today.
A month ahead of the investors meet in UP, the state government on Monday offered yet another sop to industries by giving them the option to take power from the power distribution company of their choice.
The dry and arid western region of Rajasthan with perhaps several backward districts, such as Barmer, is set to see an investment of over Rs 1 lakh crore by private companies and PSUs in the oil and gas sector.
After allowing foreign players to invest up to 49 per cent via the primary market in power exchanges, the government may raise the ceiling for single-player foreign investment in the sector from five per cent to 15 per cent.
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.
The NMDC offer for sale (OFS) concluded on Wednesday with the government successfully raising about Rs 1,200 crore by divesting 2.52% of its stake in the company.
The central government reduced its energy subsidies–financial benefits provided to boost energy production and consumption–by over Rs 820 billion (Rs 82,000 crore or $15 billion) between 2013-14 and 2015-16, a drop of 38%.
Are underway with Westinghouse Electric Company for a “viable project proposal” to set up six nuclear power reactors, the government informed Rajya Sabha today.
The government is reportedly mulling a proposal to the split the Gas Authority of India Limited (GAIL) into two separate entities.
Coal, considered a polluting fuel, is turning out to be a heavy contributor to the government coffers. It is likely to contribute around Rs 95,000 crore to the government’s coffer in the form of clean energy cess between this financial and 2020.