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COLOMBO: Sri Lanka on Monday expressed concern over possible impact of radiation from India’s nuclear power plants located in the southern region, as it prepares to raise the issue with global atomic watchdog IAEA. The official raising of concern with the International Atomic Energy is to be made in...
MUMBAI: Biomass-based power producers, with an installed capacity of 2,664 Mw, have made a strong pitch for according priority sector status on the lines of agro sector. These producers have also appealed to the Centre to launch biomass mission on the lines of solar mission to attract more investments....
NEW DELHI: India is banking on its wind power potential to meet the renewable energy target set under the National Action Plan on Climate Change (NAPCC) for the 12th Five-Year Plan (April 2012- March 2017). NAPCC aims to increase the share of renewable energy in the overall grid power...
NEW DELHI/KOLKATA: Forced by a presidential directive, government-owned Coal India is likely to sign fuel supply agreements (FSAs) with at least 50 power companies after a board meeting next week. The board, on the urging of six independent members, had earlier turned down a government directive to commit at...
KOLKATA: Coal India, facing pressure from the prime minister’s office to improve production, plans to invest 75,000 crore ($14.6 billion) in the next five years to develop mines and infrastructure, buy foreign assets and be able to pay a dividend of 6,500 crore every year, top company executives said....
Singareni Collieries CMD S Narsing Rao is the first IAS officer who will be taking over as the chairman and managing director of Coal India (CIL). The Public Sector Enterprises Board has named Rao as the next CIL CMD in place of Zohra Chatterji, ministry of coal additional secretary,...
New Delhi/Mumbai: Big business is eyeing the media space once again. Just four months after Reliance Industries invested in the Network 18 group in a multi-layered deal, leading business houses, including the Aditya Birla Group, are looking at acquiring 26 per cent stake in the Aroon Purie-controlled Living Media India....
Mumbai: (Reuters) – Indian shares were flat to higher as banks recovered after recent steep falls, though oil and gas stocks dropped after a directive from a government regulator to cut gas tariffs in New Delhi raised fears that similar actions would follow. A banking sub-sector lost 2.9 percent over...
New Delhi: Amid concerns of foreign investors over the tax treatment of investments, FIIs met senior finance ministry officials for the second time within seven days, to discuss the provisions of anti-tax avoidance rules, or GAAR. “The meeting ended on a positive note. We are examining the FIIs’ concerns....
NEW DELHI: Cargo handling in ports saw a decline in 2011-12, the first in 10 years. In 2011-12, cargo handling fell 1.7 per cent, compared to that in 2010-11. In the past few years, it had seen an increase of two-five per cent. Though the primary reason for the...
NEW DELHI: India and the US have embarked on a trade war over higher visa fees and restrictions on poultry imports. India has dragged the US to the World Trade Organization’s (WTO’s) dispute settlement body (DSB) over an increase in the professional visa fee. Both sides will fight a...
MUMBAI: Indian companies filed for external commercial borrowings (ECBs) worth $2.6 billion (Rs 13,300 crore) in February for funding capital expenditure, acquisitions abroad and to repay old loans. Reliance Communications accounted for $925 million for redeeming its Foreign Currency Convertible Bonds (FCCBs). Vodafone entities (seven) raised $750 million to...
NEW DELHI: India and Pakistan will take another step towards deepening trade and economic relations when the commerce ministers of two countries meet later this week and officials say New Delhi will examine the issue of preferential access for Pakistani products such as cement and textiles . The two...
NEW DELHI: Two international trade bodies have joined the global chorus seeking a review of the government’s move to retrospectively tax overseas transactions involving Indian assets, a proposal widely seen to be targeted at British telecom company Vodafone. The France-based International Chamber of Commerce and the Business and Industry...
By Amulya Ganguli The Congress and the CPI(M) have just concluded their analyses of electoral performance – the first via a limited exercise relating only to U.P. and presided over by the party’s heir apparent, Rahul Gandhi and latter in a more elaborate manner. However, the outcome was the...
By Praful Bidwai It’s indisputable that the world is in acute need of reform which would make it less unequal, violent, crisis-prone and unjust. The Great Recession, the globe’s worst economic crisis since the 1930s, continues to wreak havoc on millions of people’s well-being. Disparities between the developed and...
By Narendra Sharma NEW DELHI: The recent political shakeup in the Railway Ministry has incidently revealed that railwaymen are a worried lot. Their concern about financial viability of Railways and its safety and security seems to have pushed the Railwaymen Federations to openly lend support to railway fares increase...
By Nitya Chakraborty NEW DELHI: The top leadership of the UPA-2 Government is always facing a Hameltian dilemma on the pushing of the financial sector reform bills which, according to them, have the potential to rejuvenate the economy through the inflow of foreign funds. The Insurance Bill proposing 49...