Moody's Investors Service on Friday cut its outlook for the Indian power sector to negative as it expects power demand to drop at least four to five percent in fiscal 2021 due to slowing activity and policy actions amid coronavirus-induced pressure
Power sector stress spreads to new areas, corporate India’s poor Q3 numbers just a trailer; all this and more on Moneycontrol Pro
The Ujwal Discom Assurance Yojana (UDAY), which was launched more than four years ago, has failed to revive the electricity distribution sector to the desired strength.
Across Delhi — from those living in small tenements to residents of big bungalows — everyone has benefitted, to some extent, from AAP’s promise to reduce their power bills. Ever since it came to power, for 49 days in 2013 and for five years in 2015, AAP, in its manifesto, had promised and claimed that it had reduced citizens’ electricity dues by 50 percent.
Budget 2020: Govt proposes Rs 22,000-cr outlay for power, renewable energy sector in FY21; consumers can choose service provider soon
Last month, the power ministry asked states to reduce power tariff of consumers having smart metres.
Coal allocation by CIL to power sector under e-auction drops 23% to 16.95 million tonnes in April-November
State-owned Coal India allocated 16.95 million tonnes (MT) of the dry fuel under special forward e-auction to the power sector in the April-November period of this fiscal, down 22.6 percent over the year-ago period
Domestic industry for continuation of anti-dumping duty on certain steel items from 3 countries; Govt starts probe
The Directorate General of Trade Remedies is an arm of the commerce ministry which carries out investigations in case of dumping of goods, a significant increase in imports of a product and increase in imports of subsidised items
Power sector to save Rs 2,500 cr annually after corporate tax cut; supply cost to come down for discoms: ICRA
The corporate tax cut is a positive development for the power sector as it will result in an estimated annual savings of Rs 2,500 crore for the power distribution segment, rating agency ICRA said on Monday
Amid a deepening slowdown in the economy, power demand has stood out, growing almost 7 percent on the back of the world's largest new consumer addition programme that has taken electricity to almost every doorstep
Yogi Adityanath set to fly to Russia today for two-day visit; UP CM likely to sign MoU regarding agriculture, power sectors
Uttar Pradesh chief minister Yogi Adityanath is all set to embark on a two-day visit to Russia today.
K Chandrashekhar Rao reviews power sector in Telangana, assures electricity bodies of necessary financial support
Chief Minister K Chandrashekhar Rao assured that the government would give necessary financial support to electricity organisations in Telangana.
Industrial output contracts 0.1% in March to lowest in 21 months as manufacturing sector growth slows down
Industrial output growth was 4.6 percent and 3.3 percent in 2016-17 and 2015-16, respectively.
Of the 85 mines already allotted, 23 have already started production and the Coal ministry expects 20 more mines to begin production in the current financial year ending March 2019
Electricity meters to be made smart prepaid in three years; move to reduce transmission, distribution losses
Manufacturing of smart prepaid meters will also generate skilled employment for the youth.
The RBI Board meeting is very important as it will set the ideology in place that will guide the central bank in future
RBI-govt spat: International Monetary Fund against interference that compromises central bank's independence
The standoff was in relation to RBI's handling of weak public sector banks, tight liquidity in the market and ways of resolving bad loans in the power sector.
RBI invited to attend meeting of committee for resolution of stressed power assets: Union minister RK Singh
The RBI's new framework provides that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above even at the default of a day.
Govt unlikely to issue directions to RBI on bad loans of power sector, says finance ministry official
Ruling out invoking of exceptional powers to issue directions to RBI, a top finance ministry official said on Wednesday that the central bank should take a pragmatic view on resolving stressed assets in the power sector
The BofA-ML analysts estimated the total stressed assets in power sector at $51.6 billion, with banks holding a bulk $36.1 billion and dedicated non-bank lenders like Power Finance Corporation and Rural Electrification Corporation having $15.5 billion
NPA crisis: RBI sticking to its deadline is fine; it means the days of compromise are over but courts still have final word
The fact remains that the NPA issue has ballooned over the years and even today one is not sure if all of them have been recognized and provided for.
During 2017-18, coal imports increased to 208.27 MT due to increase in demand by consuming sectors.