Rupee slips to record closing low of 70.59

The rupee slipped to a record low of 70.64 against the dollar on Wednesday in intra-currency trades and staged only a limited recovery to end the session at 70.59. The Indian currency has now lost nea

Panel on power to meet on Friday

A high-level empowered committee on power is scheduled to hold its first meeting on August 31.

Power connections of some manufacturers may be linked with GSTIN to monitor consumption

The measure will provide information about manufacturers in a way similar to the e-way bill system

Production of foodgrains estimated at record 285 million tonne

The upward revision of the estimate may help the government to revise the Gross Value Added in agriculture and allied sector, which is pegged at 3.4% for 2017-18 based on the Third Advance Estimates o

More traders join boycott of auctions at Maharashtra APMCs

The Maharashtra government decison to penalise traders with a one-year jail term and a fine of Rs 50,000 for buying crops below the minimum support price (MSP) is likely to escalate into a major faceo

RBI norms to limit flood impact in the near term

The floods would lead to some recovery delays and losses for the banks, typically in agriculture loans, MSME priority sector loans (PSL), home loans and trade-activities.

SC: Maintain Mullaperiyar dam water level at 139 feet

The Supreme Court on Friday directed Tamil Nadu to keep the water level of the Mullaperiyar reservoir at around a little over 139 feet till August 31, as suggested by the disaster management sub-commi

SECI may cut 2.5 GW hybrid project capacity to 1,200 MW

The Solar Energy Corporation of India is likely to revise downwards its 2,500 MW wind-solar hybrid project tendered in June to 1,200 MW, as evacuation-related challenges continue to affect the sector.

Power plants not lifting coal, contractual supply steady, says government report

Power plants which are shut due to coal shortage are themselves responsible for low fuel stocks as Coal India (CIL) has already supplied contracted quantities to these generation units, the coal minis

Fiscal consolidation: Time to dilute the Food Security Act

to create fiscal space the govt must prune the fsa by either reducing the number of FSA beneficiaries/the quantity assured to them or raising subsidised prices.

Pradhan Mantri Awas Yojana: Curbing unfair practices: Lock-in period mulled for sale of house under PMAY (U)

The Ministry of Housing and Urban Affairs is planning to introduce the provision of a lock-in period of five years for sale of houses under the Pradhan Mantri Awas Yojana.

Kerala floods: Neighbouring states chip in with power equipment, staff

Average power generation from hydel sources has dipped from about 1,700 MW at the beginning of the month to 1,300 MW as on August 21.

After UN meetings, Shashi Tharoor moots five rehab options

After parleys with UN diplomats in Geneva, Shashi Tharoor, Lok Sabha MP from Thiruvananthapruam, has come out with five resource-mobilisation options for rebuilding Kerala.

Coal shortage shuts 8,580 MW generation capacity

As much as 8,580 MW of coal-based power generation capacity is under outage due to shortage of fuel across the country.

SC rules in favour of NIA over right to reject insurance claim

An insurance company’s right to reject a claim on account of delay in intimation does not get waived if it appoints a surveyor to assess the damage, the Supreme Court has held.

No relief for train passengers! Indian Railways rules out rollback of flexi fare scheme

Indian Railways flexi fare scheme: While a complete roll-back of the flexi-fare system is unlikely, corrective measures may be taken on routes which have seen a fall in occupancy after implementation

Kerala floods: UAE pledges $100 million, state seeks Rs 2,600-cr central package

The UAE government has pledged an assistance of $100 million (roughly Rs 700 crore) to rebuild Kerala

Kerala flood fury: Wage loss pegged at Rs 4,000 crore

Incessant rains and floods that have ravaged Kerala since the beginning of August could set the economy back by thousands of crores in wage and trade losses.

Allahabad High Court reserves order on stressed power assets

The Allahabad High Court on Tuesday reserved its judgement on the case where private power producers wanted the Reserve Bank of India (RBI) to allow special dispensation to the power sector regarding

Argentina seeks to better strategic ties with India

Seeking to expand bilateral dialogue and cooperation comprehensively to take it to the strategic partnership level, the new government in Argentina is seeking deeper cooperation with India in a wide r

Not feasible: Finance Ministry cold to slashing import duty, GST on gold

With India's trade and current account deficits widening, the finance ministry is ‘not in favour’ of reducing the import duty and GST on gold as was suggested by a panel set up by the NITI Aayog.

Kerala floods: 7.24 lakh in relief camps, rescue operations in last stage

Kerala floods: The civic life remained haywire in Kerala as 7.24 lakh people are in relief camps after the worst floods in the last 100 years have taken a toll of more than 357 lives.

WhatsApp CEO Chris Daniels to meet IT minister Ravi Shankar Prasad; spread of fake news, digital payments on agenda

With the government hardening its stand on fake and provocative content circulated on WhatsApp, top officials from the instant messaging app including chief executive officer (CEO) Chris Daniels have

Kerala Floods: SC asks panels to consider lowering dam’s water level

Expressing grave concerns over the flood situation in Kerala, the Supreme Court on Friday asked the National Crisis Management Committee and the court-appointed committee to meet and explore the possi

Kerala Floods: 2.23 lakh homeless, 324 dead, massive rescue operation under way

At least 2.23 lakh people have been rendered homeless in Kerala because of floods and landslides following continuous heavy rains for days.

Duty drawback: Sluggish start for renewable capacity addition in FY19

The country added 1,742 MW of renewable energy-based power generation capacity in the first four months of FY19, the Ministry of New and Renewable Energy (MNRE) said on Friday.

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