Page 1046 - Economy & Policy News

Power crisis: Import coal, revive stressed power plants, says Centre

The ministry of power has asked government and private sector utilities to import 19 million tonnes of coal by the end of June

Sagarmala project pipeline doubles to 1,537, cost rises to Rs 6.5 trillion

The ports ministry is currently working on a national perspective plan for development of 11 coastal economic zones (CEZ) across the country

Centre arms itself with a legal strategy to defend PSUs' disinvestment

The move comes after several petitions challenging the policy were filed across the country

DGCA orders airlines to compensate if passengers are denied boarding

The regulator will impose financial penalties for non-compliance

Gujarat High Court offers GST relief to homebuyers of certain properties

Currently, 18% GST is levied on construction services in real estate. However, one-third abatement is given for land, due to which effective value of taxation comes to 12%

Nearly 80% shortfall in specialist docs in rural community health centres

Situation in 2021 has worsened over the previous year, shows government data

India must increase coal production for self-reliance: Pralhad Joshi

India needs to increase domestic coal production in order to fulfil the ever-growing demand for fuel and reduce import dependency, Union Coal and Mines Minister Pralhad Joshi said on Friday.

Centre invokes emergency law to operate idle coal import-based utilities

India is facing its worst power crisis in over six years, and officials have been scrambling to arrange supply for power plants whose pre-summer inventories are at over nine year lows

Govt orders imported coal-based plants to generate power at full capacity

Section 11 of the Electricity Act gives the government the authority to order any generating company to operate and maintain its stations in accordance with the order

Controversy over India's decision to buy Russian crude is overblown

Because the economics and logistics don't work out for Indian refiners to accept larger volumes

Railways cancels more passenger trains as power crisis worsens in country

The total number of trips called off across northern railway and south east central railway has reached 1081.

Mumbai's power woes to end with new transmission line set for commissioning

With an investment of Rs 8,900 cr, Mumbai's electricity supply to get a boost with new transmission lines

Govt targets 18,000 km highway construction in FY23, at 50 km/day: Gadkari

The target is ambitious as the ministry in 2021-22 set a 40-km per day construction goal, but later revised it down.

Top importer India may cut taxes on edible oils to cool prices: Report

India, the world's top importer of vegetable oils, is looking to cut the agriculture infrastructure and development cess on crude palm oil imports

Ensure India emerges as world's source of quality food grain: PM Modi

Review meeting indicates that the government might not immediately curb exports of the food grain.

Govt might have to pick rice over wheat if it extends free food grain plan

India set to have 38.6 million tonnes of rice in its reserves-much more than what it requires.

Need to focus on project exports in developed nations: Piyush Goyal

Project exports refers to setting up of engineering and construction projects overseas. It also includes the export of engineering consultancy

Supply chain plan: Japanese government selects six Indian projects

These projects will be implemented by March 2023

India's PMI services at 5-month high in April on higher fresh orders

However, companies resumed hiring in April, as seen by the first increase in employment since November

RBI repo rate hike: Higher yields leave Centre and states concerned

Cost of borrowing to go up; analysts say robust tax revenues crucial