Increase in power demand must translate into more PPAs: RK Singh

We have connected more than 2.4 crore households since the launch of the scheme in October 2017.

Economy News

Investments lowest in 12 quarters for new projects: Report

According to a recent Crisil report, the share of private sector investments in India’s infrastructure sector hit a decadal low in financial year 2017-2018 with gaps in policy, project structures, i

Economy News

Rajnath Singh to be chief guest at 13th Ramnath Goenka journalism awards

BEACH SAND mining in Tamil Nadu, a tobacco giant’s campaign to get around the global anti-smoking treaty, the aspirations of women cricketers in Punjab, the life and death of those who keep our citi

India News

Rafale verdict: Yashwant Sinha, Arun Shourie move Supreme Court seeking review

It also alleged that the Centre had “blatantly misled” the court and the “court has grossly erred in placing reliance on false averments in the note not even supported by an affidavit”.

India News

Govt to discuss IT Act changes on social media with advocacy groups on January 5

The Ministry of electronics and IT (MeitY) is meeting members of various advocacy groups related to internet freedom on January 5 to deliberate on the proposed changes to the IT Act which will make so

Industry News

PMJAY Ayushman Bharat: Nearly 7 lakh provided treatment in first 100 days

NHA plans to issue about five crore beneficiary cards to inform people and generate hospitalisation demand from rural population.

Economy News

GST revenue drops: Collections at Rs 94,726 crore in December

We should also expect more enforcement and investigations cases in next few months.”

Economy News

Open to more PPP projects to boost Indian Railways infrastructure: Vinod Kumar Yadav, New Railway Board chairman

“Infrastructure development has seen a threefold jump with the increase in new lines, doubling, tripling and electrification in the last few years and will be open for more public private partnershi

Infrastructure News

Goods & Services Tax gaffe: Govt gives two vastly different numbers on GST evasion

In two different replies to Lok Sabha questions made within a gap of a fortnight, the government came out with two vastly different numbers on goods and services tax (GST) evasion.

Economy News

‘NHAI ordering to slow down, land costs to remain stable till 2020’

With limited ordering in road projects projected for the next few years, the cost of land acquisition, too, is expected to remain stable in a range of Rs 3-3.5 crore per hectare till 2020.

Economy News

Seci invites bids for 2,400 MW renewable energy generation plants

This is the sixth tranche of competitive bidding held by Seci for wind power.

Economy News

Road construction sees slight jump during April-November

The pace of construction of highways inched up to 24 km per day during the April-November period of the current year from 20.5-km per day in the year-ago period.

Infrastructure News

What eight social trends told us about US economy in 2018

Regardless of geography, Americans shopped online in 2018 as e-commerce continued its relentless ascent.

Industry News

PSBs’ NPAs drop Rs 23,860 cr in first half of current fiscal

Non-performing assets (NPAs) of public sector banks (PSBs) dropped by Rs 23,860 crore in the first half of the current fiscal from a peak of Rs 9.62 lakh crore in March 2018, in a sign that the worst

Economy News

FY19 direct tax mop-up rises 14% till Dec 20

The government on Friday said the net direct tax collection till December 20 this fiscal amounted to Rs 7.36 lakh crore, a growth of 14% over the same period a year ago.

Economy News

’59-minute’ scheme by Modi: Whopping! 1.12 lakh loan applications approved; Rs 37,412-cr loans sanctioned

State-run banks have given in-principle approval to 1.12 lakh loan applications of MSMEs, totalling Rs 37,412 crore, under the ‘59 minutes’ loan scheme, launched by Prime Minister Narendra Modi on

Economy News

Traders lose some soyabean export contracts as rupee appreciates

Soyabean export contracts over 1 lakh tonne have been cancelled from India on account of the appreciation of the rupee, top industry officials said.

Markets News

Leg-up to LPG infra: OMCs receive nod for pipeline between Kandla & Gorakhpur

60 new bottling plants to be set up and operated by private players.

oil price, oil price today, oil price news, crude oil price, crude oil News

Charges for cheque bounce to attract GST

The AAR ruled that the recovery of charges in lieu of cases where a party fails to honour its commitment of timely payment is act of toleration of such an act.

GST collection, total GST collection, income tax file returns, gst returns, GSTR 3B returns , IGST, SGST, Central GST  News

Government eases power exports to neighbouring nations

Industry representatives FE spoke to said the 2016 guidelines allowed cross border trade only through the 'term ahead' market and did not allow trading in the more attractive 'day-ahead' market.

power sector, pfc, RECL, power financers News

CERC tariff plan: Fixed cost cut, leeway for companies to recover variable cost

The tariff regulations will have implications for returns for state-run NTPC the most, as its sells power only through the cost-plus system.

CERC, coal power plants, NTPC, Power Grid Corporation of India, CERC, National Electricity Plan News

Fair price: Maharashtra sugar millers, farmer outfits at loggerheads over payment

Another confrontation seems to be brewing between the sugar millers in Maharashtra and farmer organisations. A group of Kolhapur millers has expressed its inability to give the fair and remunerative p

sugar export, sugar export contract, sugar price difference, sugar price per quintal News

Parliament’s Winter Session: Govt looks to get two employee-friendly labour codes passed

The labour code on wages proposes making minimum wage a statutory right for all workers. It empowers the Centre to set benchmark minimum wages for different regions across the country.

labour laws, labour industry, economy, india News

Crude oil imports see first monthly fall since sanctions

India has restricted its monthly purchase to 1.25 million tonne, or 15 million tonne in a year (300,000 barrels per day), down from 22.6 million tonne (452,000 barrels per day) bought in 2017-18.

Commodities News

Tight scrutiny: RBI cancels registration of 1,300 NBFCs in H1FY19

The Reserve Bank of India (RBI) has cancelled registration of close to 1,500 non-banking financial companies (NBFCs) in the past two years, with as many as 1,300 having faced the penal action in the f

NBFC, non banking, rbi, banks, loans News

Smart power meters: Government defers deadline to FY22-end

Power minister RK Singh had earlier said extensive penetration of pre-paid and smart meters would change the “ecosystem of electricity” by making power connection viable for the poor.

CERC, coal power plants, NTPC, Power Grid Corporation of India, CERC, National Electricity Plan News

Supply to duty-free shops liable to GST, rules high court

The petitioner said he wanted to supply goods to duty-free shops situated in the duty-free area at international airports.

GST collection, total GST collection, income tax file returns, gst returns, GSTR 3B returns , IGST, SGST, Central GST  News
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