Financing of solar projects under the Centre's ambitious national solar mission has hit a major roadblock as banks have argued that the current structure of the power-purchase agreement was not bankable due to the credibility of many states.
The proposed expansion of the Dabhol power project under Ratnagiri Gas & Power Pvt Ltd (RGPPL) by 2,100 Mw from the present capacity of 1,940 Mw has been stalled for want of assured gas supply from the KG-D6 gas field, operated by Reliance Industries Ltd, and adequate number of power procuring states.
Planning Commission member Arun Maira said on Thursday a panel chaired by him had not recommended a blanket ban on the import of power and other capital equipment from China and other countries.
This comes close on the heels of the ministry's stand on the development of a new international airport in Navi Mumbai.
Commerce and Industry Minister Anand Sharma had earlier said the government would not hesitate in assisting sectors that employed huge amount of people if they failed to achieve growth. Some of those sectors were handicrafts, textiles, leather, engineering goods, rice and carpets.
Ministry sources told Business Standard that necessary action would be taken to amend the Act to include penalty for non-compliance and modify the procedure to decide the penalty and punishment under the Act.
The Raigad district administration has asked RIL to submit details regarding production and safety measures at the plant.
CERC keeping an eye on movement of prices.
The UI rate is a variable depending on the grid frequency.
The developers, including Raheja Ltd, Ascendas, L&T and GMR, among others, are in the Ministry of Commerce and Industry's Export Promotion Council for export oriented units and special economic zones.
The Nationalist Congress Party (NCP) will declare its party line at its national executive, to be held on August 1 in Patna, days after announcing that the party would forge an alliance of secular parties on the grounds that its major ally, Congress, was not giving it adequate political space.
BJP president Nitin Gadkari said, "The party has not yet taken any decision on Uma Bharati's return. The issue is still being discussed." A party leader said the party's decision may be possible after the elections to the Bihar assembly are over.
An environment impact assessment study by the Indian Institute of Technology, Mumbai, for the proposed Navi Mumbai international airport, has categorically said there should not be any compromise on retaining the geomorphology of rivers, the aquatic life and mangroves in the airport zone.
Maharashtra is considering imposition of betterment charge and service tax on developers of residential and commercial complexes adjacent to the mega-infrastructure projects lined up in Mumbai.
Deora told Business Standard that a substantial volume of kerosene was also smuggled across the border, since the prices there were much higher. He added the government may have to rework various measures taken so far to curb the menace.
Rentals were already high due to strong manufacturing sector growth.
The committee members asked if SBI was waiting for private sector banks to announce their rates before it takes a call on the issue.
The committee members from the ruling and Opposition parties, in separate interactions with BSE and NSE, termed the volatility as 'clueless' and wanted both the exchanges to pull up their socks.
Ministry seeks more active role by state governments to address issues.
With just a day to go for the biennial Maharashtra Legislative Council elections, Chief Minister and Congress leader Ashok Chavan is confident that the three candidates nominated by his party would win. There are 11 candidates in fray for 10 vacant seats, giving indications that the elections will be fought very hard.
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