11844 stories by IPA Staff
RBI Warns States On Power Utility Losses
MUMBAI: The Reserve Bank of India has said the mounting losses of state power utilities (SPUs) is a growing problem for finances of state governments which have issued guarantees and agreed to foot subsidy bills. SPUs are making huge cash losses due to non-revision of rates over extended periods...
Losses at discoms reach Rs. 80,000 crore in FY12
Testing times are ahead for state governments on power sector reforms as the accumulated losses of discoms become increasingly unrecoverable. Governments will have to show the political resolve to phase out expenditure like subsidy pay-out for electricity supply to the agriculture sector, which tends to strain state finances. The...
BPDB Approaches RJSCF To Set Up JV With NTPC
Bangladesh Power Development Board (BPDB) has formally approached the Registrar of Joint Stock Companies & Firms (RJSCF) for establishing the country’s first-ever joint venture (JV) of a state-owned power entity with a foreign firm. “We have submitted the application to RJSCF for establishment of the JV firm between BPDB...
Reliance Power Eyeing 300 MW Solar Capacity
DHURSAR: Reliance Power proposes to take its solar capacity to 300 MW by 2015, with an investment of Rs 6,000 crore. The Anil Ambani group company has set an ambitious target that will help light up over five-lakh households in the country. Mr Anil Ambani, Chairman, Reliance Power, said...
Jindal Power Advances Tamnar Expansion For Tax Holiday
MUMBAI: Jindal Steel and Power (JSPL) has advanced the commissioning date of the first unit (600 Mw) of the first phase (1,200 Mw) of its power plant expansion at Tamnar in Chhattisgarh’s Raigarh district to March 2013, to take advantage of the 10-year tax holiday it would then enjoy....
NGT Seeks Replies On Breach Of Its Order On Gujarat Power Project
NEW DELHI: The Union environment ministry and the Gujarat government have been asked by the National Green Tribunal to respond to the allegations that OPG Power Gujarat Pvt Ltd is violating the tribunal’s order to stop work on its 300 MW thermal power plant at Mundra in the state....
Atomic energy model for defence?
Ever since the Harvard Professor, B. F. Skinner conducted those experiments among workers of General Electric at its plant in Hawthorne back in the 40s, Behavioural Science became all of the rage in management theory. It was no surprise then that psychologists soon became hot property within the community...
Energy Security: N-Power For All
Need to enhance generation capacity and thorium tech Tapping new energy sources is not a choice but is imperative, given the country’s heavy reliance on fuel imports. As the demand-supply gap in energy availability is widening India has to plan for harnessing nuclear energy on a bigger scale. The...
‘Solar Power Is A Bit Dicey; It Depends On The Regulatory Environment'
MUMBAI: Tata Power has commissioned the first ultra mega power project in the country. The first of the five 800 MW of the Mundra 4,000-MW power plant, based on imported coal, is operational. However, its profitability is expected to take a hit with Indonesia directing that all coal shipped...
MoEF Working On Online System For Faster Coal Project Clearances
NEW DELHI: With state-owned Coal India (CIL) facing problems in enhancing production, the Environment Ministry is working on a mechanism for introducing online system for granting faster clearances to coal projects. The development follows Prime Minister’s Office directing CIL to sign fuel supply agreement with the power producers with...
Luthra & Luthra To Fight TCI's Case Against Coal India
MUMBAI | NEW DELHI: The Children’s Investment Fund (TCI) has appointed law firm Luthra & Luthra to fight its case against state-owned coal monopoly Coal India and its directors for alleged breach of corporate governance practices. The UK-based hedge fund said government’s decision to ask Coal India to sign...
ABP to buy out STAR from TV news venture
MUMBAI: Media giant Ananda Bazaar Patrika (ABP) is parting ways with the Rupert Murdoch-controlled STAR Group, after months of discontent over editorial and other strategic issues. The two have been operating the news television venture Media Content & Communications Services India Pvt Ltd (MCCS) over the past nine years....
Shares edge up, led by new liquidity hopes
MUMBAI (Reuters) – Indian shares edged higher in the first day of the quarter, as banking stocks rose for a second session in a row on expectations that the cash crunch that had constrained the sector in March will ease in the new fiscal year thanks to government spending...
I See A 25-Basis Points Cut In RBI Policy Rate In April: BA Prabhakar, Andhra Bank
Indian economy could take another two years to return to 9% growth, but a lot depends on global recovery, says BA Prabhakar, CMD, Andhra Bank. In an interview with ET , Prabhakar says the RBI may cut policy rates in April, but lending rates will decline only after six...
Foreign Retailers To Get Relief On Local Buys
NEW DELHI: The government is readying to address the concerns of foreign brands owning stores in India over the requirement of mandatory procurement of 30% inputs from local small and medium enterprises. A senior official told ET that the industry ministry is open to review, revise and even waive...
Presidential Directive To CIL On Fuel Pacts Likely This Week
NEW DELHI: The government may issue a Presidential directive to Coal India (CIL) this week to enter into fuel pacts with power producers with 80% supply commitment, after taking stock of the PSU’s production plan. The development comes in the wake of CIL failing to meet the PMO directive...
Chandra’s IVCRL Bid To Test New M&A Code
Mumbai: The recent purchase of a minority stake in Hyderabad-based roads-to-township builder IVRCL by two Essel Group companies promoted by media baron Subhash Chandra might be a test case for how the new takeover code will pan out in case of companies where promoter holdings are low. Chandra’s two...
Tax Caveat To Haunt FIIs Remitting Funds Abroad
MUMBAI: From Monday, foreign institutional investors (FIIs) remitting funds from sale of securities will have to deal with the possibility of a tax liability later. Many chartered accountants and audit firms will add a caveat when FIIs ask for a clearance chit required for remitting funds abroad. As per...
