This article will summarise the key changes outlined in the document and what those will mean for Indian applicants.
In line with the target to restart Dabhol power plant next year, Ratnagiri Gas and Power Pvt Ltd will soon begin the process for signing a power urchase Agreement with Maharashtra with an offer to sell power at around Rs 2.70 per unit.
'The government is saying that essential commodities are exempted, but on the ground there is no competent officer from the government who can say which is an essential commodity and which is not.'
R-Power had produced the test certificate claiming March 30, 2013, as the date of commissioning.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
There are both positive and negative impacts of the tax, but the net result for India's infrastructure sector is advantageous, says Vinayak Chatterjee.
The government's move is crucial as the state distribution utility MahaVitaran was purchasing about 95 per cent of power since the Dabhol project began generation in April 2006
Delays in implementing power projects, mainly due to fuel issues, could turn Rs 1 lakh crore of bank loans into NPAs if prompt action is not taken, according to a study by KPMG.
The trouble is largest FDI projects in India have had a tragic history.
'One thing is sure: After this Budget, no Ambani-Adani tag will be attached to the government.'
Dabhol's assets will be demerged into the power plant and the LNG terminal.
Apart from Kerala, the northeast perhaps is the only region where Congress can expect a decent win in the recently held Lok Sabha elections. K G Suresh looks at what the elections hold for the northeast.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
'The Modi government believes the industrialist, the capitalist, has to pay for the assets of the government which belong to the people of India.'