Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex) depending on developments in financial markets and future capital availability, has a healthy Ebitda and cash balance that reduces its dependence on external debt to sustain operations, it said in a bulletin.
The ministry of finance has assured the Planning Commission of at least 15 percent increase in gross budgetary support for 2010-11, over the 2009-10 budget estimates.
Officials said the polling went off peacefully in all segments including special polling stations along the International Border and Line of Control (LoC) with no untoward incident reported from anywhere.
"I could say 40,000 Mw is certainly achievable, 60,000 Mw is a possible target but 77,000 Mw looks a bit difficult," said Kirit Parikh, member (energy), Planning Commission. He attributed the apprehension over meeting the capacity addition target mainly to the non-achievement of financial closures of some projects. About 15 per cent -- 12,000 MW -- of the power generation target for the current Plan period has been achieved.
Power generation decelerated 4.7 per cent year-on-year (Y-o-Y) to 155 billion units (BU) in August 2024. This was the first downtrend in many years, albeit on a high base - generation had increased 19 per cent Y-o-Y to 163 billion units (BU) in August 2023. The dip was partly due to excess rainfall, which pared cooling demand and also reduced need for irrigation.
The government will also set up an IIM at Shillong.
Left economists in various committees of the Planning Commission on Tuesday threatened to resign if the government did not reconsider the decision to include foreign experts in consultations for the Mid-Term Appraisal of the Tenth Plan.
With the dissolution of former chief statistician Pronab Sen-led Standing Committee on Statistics (SCoS) by the Ministry of Statistics and Programme Implementation (MoSPI), the National Statistical Commission (NSC) has regained prominence as the primary statistical body to address issues regarding results, methodology and questionnaire, among others. A MoSPI official in an email informed the 16-member SCoS about the decision to dissolve it, citing that its work was "overlapping" with that of the Steering Committee for National Sample Surveys (NSS), which was set up in June this year.
Oil and gold had accounted for 45 per cent of India's imports bill in 2012-13.
The Planning Commission has favoured the early introduction of nationwide value-added tax regime to augment revenues of the states and further restructuring of their costly debt to reduce their interest burden.
...'hum decide karenge kaun banega mukhyamantri. This decision is not to be taken in Mumbai.'
Poverty in rural areas declined at a faster pace than in urban cities between 2004-05 and 2009-10, according to the Planning Commission estimates released on Monday.
The Planning Commission will finalise in a couple of months a draft on an integrated energy policy, which will include its views on merger of oil public sector undertakings.
The Union cabinet on Wednesday accepted the recommendations of the high-level committee headed by former President Ram Nath Kovind on simultaneous elections.
Putting the ongoing trial in the 26/11 case in Pakistan into further uncertainty, a judicial commission of that country, that was to record statements of key persons involved in Mumbai attack probe, failed to arrive on its scheduled visit to India on Thursday.
'He is convinced that this will help him in the next election.' 'But as we know, the best laid plans of mice and men can go awry.'
Former Delhi Commission For Women (DCW) chief Swati Maliwal has written to Delhi Chief Minister Arvind Kejriwal, accusing his ministers of making the women's panel a 'weak institution'.
While about 8,000 people are in the long list of invitees, the select list features just a few hundred people, including prominent politicians, leading industrialists, top film stars, sportspersons, bureaucrats and diplomats.
Reliance Industries Ltd on Friday reported a 9 per cent rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals. The oil-to-retail-to-telecom conglomerate's consolidated net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December - the third quarter of the current 2023-24 fiscal - was 9.3 per cent higher than Rs 15,792 crore, or Rs 23.19 a share, earning a year back, according to a company statement. Quarter-on-quarter, the profit was lower when compared to Rs 17,394 crore earnings in the preceding three months ended September 30.
International agencies and foreign private companies have their own agendas and are in no way accountable to the Indian people, the Left said.
The finance ministry seems to be at loggerheads with the Planning Commission on funding of at least 60 centrally sponsored schemes
Delhi's air quality plummeted to alarming levels on Tuesday after 24 days, with many areas witnessing a significant spike in pollution despite the strictest measures, including a ban on construction activities and the entry of trucks into the city, coming into force.
The newest entrant to the Rs 46-trillion mutual fund (MF) space - Zerodha - plans to focus strictly on the low-cost passive segment and offer its products solely through the commission-free digital route, as it aims to replicate its broking success in the MF space. "We will offer an array of exchange-traded funds (ETFs) and index funds that would help investors take varied exposures and build portfolios based on their financial needs and risk tolerance. "Zerodha Fund House (FH) products will be exclusively distributed online and available as direct plans to engage directly with individual investors and consumers, taking advantage of the pronounced shift from physical to digital interactions," said Vishal Jain, chief executive officer, Zerodha FH.
The BJP may win more seats in the February 5 assembly election, but not enough to trump AAP, notes Ramesh Menon.
Reliance Industries Ltd, India's most valuable company, is back on a growth path after six months of challenges as it posted better than expected earnings in the December quarter, brokerages said.
'Regulatory challenges exist everywhere. What we look for is regulatory stability over time.'
This is more than double the money that the state got during the Xth plan.
Attributing the steep hike in petrol prices to declining value of rupee, Planning Commission on Wednesday said it will have immediate impact on the price situation but things will stabilise in the long run.
Three people were killed and scores of others, including around 20 security personnel and four personnel of the administration, were injured as protesters opposing a court-ordered survey of a Mughal-era mosque in Sambhal, Uttar Pradesh clashed with police on Sunday.
Enthused by the estimated 8.1 per cent growth in 2003-04, Planning Commission on Friday said the targeted 8 per cent annual growth during the Tenth Plan period was now within the realms of possibility.
Delhi's 24-hour average air quality index (AQI) stood at 248 on Saturday.
The Niti Aayog is preparing 15-year vision document that will replace the Five-Year Plan from the next financial year
Times have changed, situations have changed, but the basic nature of superpower geo-politics remains the same and so also India's diplomacy -- call it non-alignment, strategic autonomy or neutrality; it all depends on the time scale, notes Rup Narayan Das.
The Planning Commission on Tuesday warned that sector-specific regulators could become 'tension points' between them and the ministries and said there should be a common regulator for transport and energy sectors.
On the complaint of shortage of foodgrain, the minister said lifting of foodgrain by states/Union Territories under TPDS and other welfare schemes has been less than the allocation made to them.
The airport, being developed by the Adani Group, is expected to start commercial operations early next year.
"The world economic slowdown will not affect the medium term growth prospects," Planning Commission Deputy Chairman Montek Singh Ahluwalia said, while addressing the 'TIE Entrepreneurial Summit 2007' in New Delhi on Tuesday. The economy was likely to clock a growth rate of 8.5 to 9 per cent during the current financial year, he said, adding that the gross domestic product growth rate was expected to be 9 per cent during the next three years.
Wing Commander Pratap Marathe's story is one of dedication, bravery, and humour, a shining example of the spirit of the Indian Air Force. Air Commodore Nitin Sathe (retd) salutes Wing Commander Marathe who passed into the ages last week.
