The government's initiative to set up a high-capacity power transmission link between India and Sri Lanka is likely to be completed by 2013.
A fresh $1-billion (nearly 4,600-crore) loan from the World Bank under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), to be routed through the Union government, would be linked to cities adopting certain efficiency parameters.
The government is likely to ease the incidence of minimum alternate tax, or MAT, on infrastructure companies.
It not only wants the ministry of petroleum and natural gas to rework the under-recovery figure for the current year but has also decided to look at the issue of oil subsidies only in February 2010, when the next Budget will be announced.
They want more cash, forex, higher bond coupons and increase in market prices for petrol, diesel, LPG.
Coal-based generators plan upgrades, clean tech over 5 years.
Power is one of the six major sectors contributing to the country's infrastructure in addition to cement, steel, coal, crude oil and petroleum products. The growth of these sectors account for more than a quarter in the IIP.
The ministry of petroleum and natural gas would be issuing instructions for fresh gas allocation from D6 this week.
Fresh power capacity addition has fallen short of target by nearly a third in the first half (April-September) of the current fiscal, owing to delays in the supply of critical components in thermal projects, delayed forest clearances and non-availability of fuel for a nuclear power project.
The oil and gas industry regulator has never been far from controversy during his five-year tenure.
In an interview with Mihir Mishra and Jyoti Mukul, Nath, who as the commerce and industry minister in the previous United Progressive Alliance government was part of the fire-fighting to minimise impact of the slowdown, says that the current year will be better than the last year.
The department had earlier also examined the option of a direct equity sale but opted for a PPP model because it offered revenue sharing opportunities, fertiliser secretary Atul Chaturvedi said. Chaturvedi explained that whereas the outright sale of equity will mean the government will have to wait for the plants to make profits to get a share of revenue, the PPP mode will help it do so in the first year.
Permission for dual listing would require full capital account convertibility and therefore changes in regulations under the Foreign Exchange Management Act.
Meeting will confine discussion to processes involved in building consensus among members.
India will be pushing for greater capitalisation of the World Bank at the meeting of G20 finance ministers in London next month. The meeting will precede the Pittsburgh meeting of G20 head of states scheduled later in September.
The delay in the monsoon arrival had caused water storage to touch a historic low of 9 per cent in June (see table), as per data from the Central Water Commission. The latest data of Central Electricity Authority shows daily power availability in the country was 0.7 per cent ahead of demand on August 12 from an 8-10 per cent deficit last month.
India will commission its first 500-Mw fast breeder reactor (FBR) for generating commercial nuclear energy by the end of next year. The reactor, when commissioned, will mark the country's entry into the second phase of its three-stage nuclear energy programme.
Besides doubts relating to round tripping of investments through Mauritius, the proposal was earlier rejected on the ground that there were no details about the offshore entity.
In a written reply to a question asked in Parliament earlier this week, minister of state for power Bharatsinh Solanki admitted that the coal stock position at some of NTPC's power stations had depleted. NTPC Ltd, the country's largest power generator, however, denies any shortage of dry fuel.
Two traders - Jindal Steel and Power Ltd and GMR Energy Ltd - have already surrendered their licences.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances