Economy

Thermal power plant addition seen slowing in FY19-23 on PPA scarcity

Additionally, with increasing share of intermittent renewable energy and rise in industrial open access consumption, it is also expected that overall power procurement structure would undergo a shift

Delhi airport to witness Rs 9,000-crore investment to increase capacity

Delhi International Airport (DIAL) will invest `9,000 crore by 2022 to boost the national capital’s airport capacity to 100 million passengers per annum (mppa), a senior company executive said.

Big connectivity boost: Metro rail projects on in 15 cities, says HS Puri

The metro rail policy also enables greater private participation and innovative financing through transit-oriented development and value capture finance.

IL&FS crisis aftermath: Government plans mega data platform to flag frauds

Critical financial databases, including those of MCA21, GSTN, CBDT and FIU, proposed to be linked.

Investment in infrastructure: Government spend alone won’t suffice

CRISIL InfraInvex is a 10-point index where ‘1’ reflects least investment attractiveness and sector maturity and ‘10’ the highest.

Robust growth: E-filing of income tax returns rises 65% in Apr-Sept

Also, average tax paid by an individual filer came in at close to Rs 35,000 in H1, up from a little over Rs 27,000 in April-August

Wind-solar hybrid scheme: SECI extends bid deadline again

The Solar Energy Corporation of India (SECI) has once again extended the last date for receiving bids for the setting up wind-solar hybrid renewable energy capacities.

Verification process: DoT directs telcos to stop Aadhaar e-KYC, asks to ensure readiness of new system

The Department of telecommunications (DoT) in a directive on Friday asked telecom operators to stop the verification of mobile numbers using the Aadhaar-based e-KYC process with instructions to provis

Eclipsing growth: Rupee, safeguard duty negate benefits of drop in panel prices for solar developers

The falling rupee and the imposition of safeguard duty have increased the cost of solar panels for Indian developers by 20-25% since June this year, negating the benefits of a 30% fall in panel prices

Power plants: Supreme Court to hear Gujarat government plea on PPA amendment on October 29

The Gujarat government had approached the SC following a high-powered committee’s recommendations allowing higher tariffs and a 100% pass-through of tariffs to consumers, which would require an amen

Supreme Court’s deadline stays, only BS-VI vehicles can be sold from April 2020

Emphasising on the urgent need to move to a cleaner fuel as early as possible, the Supreme Court on Wednesday directed that only Bharat Stage VI (BS-VI) vehicles shall be sold across the country from

Policy flexibility to open renewable energy sector to bond market: Experts

In order to address the renewable energy sector’s anxiety stemming from low tariffs discovered in the recent auctions, seen by many as unviable, more flexibility should be introduced in market desig

Kerala floats dividend pension plan for diaspora returnees, person working overseas can deposit a specific amount

The Kerala government has floated a dividend pension scheme for its diaspora returnees, which is also counted to fetch the much-needed resources for the state’s infrastructure development.

Hyderabad top investment destination in Telangana real estate, says report; land prices rise 20% ahead of polls

Ahead of the Assembly elections in Telangana, which are scheduled on December 7, Hyderabad is witnessing a sharp rise in land prices — the jump seen in the per-acre prices is almost three times.

IL&FS crisis: House panel to quiz RBI governor Urjit Patel on November 12

The parliamentary standing committee on finance will try to seek Patel’s views on steps taken by the regulator with regard to IL&FS after the crisis erupted.

Are GST norms posing hurdle in listing of RVNL, other PSUs?

As per the conditions, an entity in which the government stake is above 90% is liable to pay 12% GST for work contracts executed on behalf of the Central government, state government or any local auth

Delhi sales now going to NCR due to high VAT on fuel, say dealers

Even as Haryana and Uttar Pradesh have recently reduced value-added taxes (VAT) on petrol and diesel, the Delhi government hasn’t; the city state’s stubborn refusal to take a cue from the Centre (

RBI Board meet: Finmin may raise need to relax PCA framework

In a move that might add to the unease of the central bank, the finance ministry will likely make a case for relaxing the so-called prompt corrective action (PCA) framework of the Reserve Bank of In

Saubhagya scheme: Key states making slow progress on meeting targets

Most major states need to significantly ramp up their speed of connecting households with power if they want to meet the government’s 100% household electrification target within the deadline of Dec

Bullet train project: Protesting Gujarat farmers mull moving ICJ

Prime Minister Narendra Modi’s ambitious Ahmedabad-Mumbai bullet train project, which is already facing several hurdles, is likely to get derailed further.

Good news for flyers: Domestic air passengers to get in-flight net connectivity, here is how

Voice services would require more time to be allowed as there are some gateway issues that need to be resolved.

Delhi HC accepts plea challenging validity of anti-profiteering provision

The Delhi High court on Wednesday admitted a petition challenging the constitutional validity of the anti-profiteering provision under the Goods and Services Tax.

Devdutt Pattanaik on #MeToo: When insecure men are pathetic, secure women stand up

A guest at the Adda, which is a series of informal interactions organised by The Indian Express Group and features those at the centre of change, Devdutt Pattanaik was in conversation with The Indian

Crisis in making: Coal shortage shuts 10,500 MW power plants amid rising demand

Most of these plants are located in the states of Maharashtra, Andhra Pradesh, Haryana and Chhattisgarh, all far away from the coal mines.

Wind power: Transmission gap between states a concern for capacity addition

Inadequate transmission infrastructure has forced the government to reduce capacities offered in the upcoming auctions by more than 50% to 1,200 MW.

Rise in diesel prices shifts load to coal-based power plants

Rise in diesel prices is driving power plants running on this fuel to lower their electricity generation levels.

PM Narendra Modi appeals oil producers to review ‘payment terms’ with India in the wake of Rupee’s slide

He warned oil producers like Saudi Arabia that high crude prices are hurting the global economy.

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