Coal India's move to roll back price rise made effective from January 1 following opposition from coal consumers has triggered debate for the establishment of regulatory mechanism for the sector. Power generators and experts believe that the coal regulator was a need of the hour to bring about transparency in pricing.

Power sector, experts pitch for coal regulator to bring in transparency

Business Standard

Agriculture and food processing minister Sharad Pawar has ordered a stay on allottment of food parks to states. The department secretary will now work on a new mechanism whereby a committee headed by a retired judge would approve the allotment.

Pawar stops food park allotment process

In a bid to give a much needed boost to distribution reforms, the power ministry has launched an ambitious action plan.

Power ministry kicks off action plan to reform distribution

The turnover of Nuclear Power Corporation (NPC) during April-December shot up 42 per cent at Rs 5,517 crore compared to Rs 3,885 crore during the corresponding period last year. The state-run company&rsquo;s total income rose 33.5 per cent at Rs 6,129 crore compared to Rs 4,590 crore.

NPC net rises 110% to Rs 1,497 cr in Apr-Dec

Power generating companies and coal traders have welcomed Coal India Limited (CIL)&rsquo;s move to withdraw rise in coal prices. However, they have sought clarity on the rollback and on how the gross calorific value (GCV) mechanism would be cost-neutral.

Power producers seek clarity on CIL's price rollback

Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), the two central government-owned funding agencies in the sector, have both issued stringent guidelines for short-term rupee loans to distribution utilities.

Loan norms for discoms tightened

Undeterred by the global slowdown and hurdles in land acquisition, the Centre expects to continue a huge pace of investment in roads and highways during the 12th Five-Year Plan (2012-17).

Priority to continue for highway projects 

Campaigning for the crucial elections to the 227-seat BrihanMumbai Municipal Corporation (BMC) ended this evening.

Campaigning for Mumbai civic elections ends

Undeterred by the current global slowdown and also due to the hurdles during the land acquisition, the Centre expects an investment of (Rs 588,000 crore) $120 billion during 12th plan in roads and highways in the country. There is a huge potential for investment in this sector likely to create opportunities in the core construction industry which may also be attractive even for foreign players, said CP Joshi, minister of road transport and highways.

Web Excl: Govt may invest Rs 5.88 lakh cr in roads & highways

Mumbaikars can finally heave a sigh of relief. They would be able to celebrate this Valentine&rsquo;s Day in peace, as both Bal Thackeray and his nephew are busy campaigning for the crucial elections to the Brihanmumbai Municipal Corporation (BMC) on Thursday.

Shiv Sena, MNS to charm young voters this V-Day

YES Bank has approached the World Bank group member, International Finance Corpor-ation (IFC), for a $75-million loan to augment its capital base and to prepare it for Basel-III implementation.

YES Bank seeks $75-mn debt from IFC  to augment capital base

From backstage politics to leading the Congress party from front in the crucial elections to the Mumbai civic body, Maharashtra Chief Minister Prithviraj Chavan has come a long way. In a freewheeling interview with Sanjay Jog, he explains why the polls are crucial for the Congress and its ruling partner Nationalist Congress Party (NCP).

Our strategy will be to defeat communal forces: Prithviraj Chavan

The Maharashtra government is thinking of an entry tax on aviation turbine fuel (ATF), on its transportation through trucks from ports to storage terminals, in the wake of the Centre's decision to allow airlines to import it directly. The proposal is at a preliminary stage, as the state government is waiting for the final print of the central notification.

Maharashtra mulls entry tax on jet fuel

State-run PowerGrid Corporation would raise Rs 3,000 crore through private placement of bonds before the end of March. The issue would be launched in the last week of February. The proceeds would be used for transmission projects.

PowerGrid to raise Rs 3,000 cr via bond issue before March

Power Grid Corporation (PGC), the BSE-listed central transmission utility, plans to soon tie up with the World Bank&rsquo;s International Finance Corporation (IFC), to undertake projects abroad.

Power Grid to form JV with World Bank arm

If voted to power in the coming civic elections here, the Congress-led government in Maharashtra plans to amend the policy on transfer of development rights (TDR) in Mumbai.

Maharashtra CM for amending TDR rules in Mumbai

They have launched their campaign, with many Union ministers expected to take part in mobilising voters. The objective is to dislodge the 15-year rule of the Shiv Sena-Bharatiya Janata Party and thereby assume control over one of India&rsquo;s richest civic bodies, with an annual budget of Rs 22,000 crore.

Cong-NCP vows to transform Mumbai

India has reached the second stage of PPP (public private partnership) maturity. The PPP policy and draft rules, which are in place, would remove all uncertainties and help attract a lot of investments of the proposed $500-billion in PPP projects, according to Ajay Saxena, PPP expert, Asian Development Bank. Only, there is a need for active involvement of lenders and financiers at the time of structuring of PPP projects so as to put mitigation tools in place, he said on Thursday.

PPP draft rules to attract investments: Expert

The objective is to dislodge the 15-year rule of saffron combine Shiv Sena-Bharatiya Janata Party and thereby assume control over one of India's richest civic bodies with an annual budget of Rs 22,000 crore.

Mumbai civic polls: Cong-NCP assure single power tariff, pothole free roads

Distribution licensees will now have to procure short-term power (less than or equal to one year) through competitive bidding say the draft guidelines of the Power Finance Corporation (PFC). This is expected to reduce the overall cost of procurement of power.

PFC issues draft guidelines for power drawal 

The country&rsquo;s power regulators have intensified their bid to encourage prepaid metering across the country, as they launched an initiative to seek the opinions of the Attorney General and Solicitor General to remove legal hurdles in the matter.

Sanjay Jog

Sanjay Jog

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