Solar power is expensive. The cost of generating one unit of solar power is Rs 15 while it costs just Rs 1.19 per unit from coal (at Sasan ultra mega power plant). The Centre, in partnership with state governments, will give incentives worth up to Rs 12 per unit for generating power from solar energy.
The government, which on Thursday decided to sell ten per cent stake in NALCO, now contemplates offloading ten per cent stake in the Coal India Limited through initial public offerring.
'Reports in a section of media regarding Union Minister Shri Arun Jaitley's health condition are false and baseless. Media is advised to stay clear of rumour mongering,' Government Spokesman Sitanshu Kar tweeted.
It's time to step on the reforms accelerator.
Only 32 departments had prepared and submitted these plans.
BJP's success in two state elections gave Modi room to cut through a thicket of regulations and state controls.
In a move aimed at insulating the Central Bureau of Investigation from political interference, the Union Cabinet on Thursday approved recommendations of a Group of Ministers which include setting up of a panel of retired judges to oversee the investigations of the agency, besides increased financial powers of its director.
Anil Ambani Group never sought clarification before bids closed, says DGH.
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
Initially it will procure only e-rickshaws and e-autos for leasing to operators
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
A brief report card on Modi's ministers.
The Finance Ministry has called a meeting of heads of public sector banks to clear stalled projects.
Here comes the moment of truth. Modi prides himself on offering an "incorruptible" government. Will he dilute the Prevention of Corruption (Amendment) Bill to coax the administration's fealty and compromise his self-image?
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
The cess collected on cars as also tobacco and coal will be used to compensate the revenue loss of states by implementing GST.
Five months into office, Prime Minister Narendra Modi will expand and reshuffle his Council of Ministers on Sunday, bringing in new faces and is likely to drop a few.
Clean energy cess to hike cost for power sector.
With President Pranab Mukherjee voicing his objection to the 'ordinance route', senior ministers met here on Tuesday to discuss how to ensure that the ordinances issued recently are followed up with legislative action in the upcoming budget session in February.
The process of decision-making and making large policy moves in the force has slowed down owing to the absence of the designated chief.
During April-September, the eight sectors grew by 4 per cent, against 5 per cent in the year-ago period.
The problem is so severe that multiple agencies have issued several precautionary measures.
Finance Minister Arun Jaitley, along with other senior ministers, on Tuesday pitched India growth story before 21 large global investors
Inputs by the Petroleum Ministry were found among stolen documents.
India's steel imports from China, the world's biggest producer of the alloy, doubled in April-September from a year ago though the country has enough capacity to meet its demand.
As oil minister, he has overseen India's petroleum and natural gas needs. But now he also runs the environment ministry, where he has issued permits for 100 stalled projects in a month-long spree that has delighted industry but shocked green activists.
In a first, Prime Minister Narendra Modi on Wednesday met the secretaries of all the government departments collectively and asked them to directly get in touch with him to resolve issues and expedite decision-making.
The average rating was seven out of 10.
The truth is that few ministries in the Modi sarkar are working on new and updated legislation of any kind.
The government will announce minimum support prices for kharif.
In a bid to woo foreign investors, the Indian Railways is planning to organise road shows in select countries showcasing opportunities for investment in the rail sector.
Divestment Minister Arun Shourie will now handle the key Communication and Information Technology ministries too.
Having successfully implemented the 25 per cent free-float norm for private companies, the Securities and Exchange Board of India now wants the government to pare its holdings in public-sector undertakings to below 75 per cent.
