'UP's fiscal story is extraordinary,' economist Arvind Mohan tells Sheela Bhatt. If one has money, he advises, one should invest in Uttar Pradesh. 'Your money is likely to grow as UP is set to improve its power sector.'
'If Modi wants to help the poor and get the credit for it as well, he must do what China does. He must openly adopt pro-capital policies.'
The country is projected to see capacity addition of 76,000 MW during the next Five-Year Plan period ending March 2017, Minister of State for Power K C Venugopal said.
'The current budgetary practice of shifting expenditures off-balance sheet in order to be seen to be meeting fiscal targets should be discontinued; additional fiscal stimulus would be imprudent; individual income tax rates should not be cut; GST rates should not be raised now,' advise Arvind Subramanian and Josh Felman.
Electricity generation during 2011-12 was targetted to increase by 5.4 per cent to 855 billion units.
To meet fuel supply commitments to the power sector, the government today said CIL might divert a portion of the coal meant for e-auction to power plants.
The highest cap for the capacity would be 2 GW and can be set up in tranches at whatever location the project developer deems fit.
Link loan disbursals with firming up of steady supply of raw material.
With the green cover gone, the bald roads to Puri are now reigned by lorries laden with electric poles, ambulances, fire service vehicles and cranes, signalling the rebuilding effort is in the works.
The Central team will be on a three-day visit to the affected areas and its itinerary will be decided on its arrival in Chennai on Friday, he added.
Once it comes to power, the Bharatiya Janata Party's (BJP) focus areas would be infrastructure, agriculture, power and housing. Also on the cards is diversifying agriculture into energy and power sectors to help farmers generate more income, apart from reconsidering opening up the economy to multi-brand retail.
The government is open to specific offers of foreign investment in the nuclear power sector, Minister of State for Atomic Energy and Space Vasundhara Raje said on Thursday.
The government has finalised the much-awaited rules of implementation of the nuclear liability law, a move that could pave way for the expansion of the atomic power sector by procuring equipment from foreign suppliers. "A PMO committee has approved the rules of implementation of the civil nuclear liability law. We will notify the rules within a month," V Narayanasamy said. The Civil Liability for Nuclear Damage law was passed by Parliament last year.
Mostly from the real estate and power sectors, these 25 IPOs were together estimated to raise about Rs 31,000 crore.
According to preliminary information memorandum, Air India's new owner will be asked to list the company in some time
A smart grid is an electrical grid, which includes a variety of operational and energy measures, including smart meters, smart appliances, renewable energy resources and energy-efficiency resources.
Over 93% of the orders in the year came from the central and state governments, PSUs, and NHAI.
If the deal is successful, it would be the first such acquisition for the ADA Group.
Addressing an international meet on key inputs for accelerated development of Indian power sector at New Delhi on Tuesday Montek Singh Ahluwalia, Deputy Chairman of Planning Commission said that India's growth projection could be trimmed due to a poor monsoon.
Heaping praises on Gujarat Chief Minister Narendra Modi's leadership for not only driving industrial growth but also boosting rural development, Ratan Tata on Wednesday said the Tata Group will partner the state in providing transportation into the hinterlands.
A chunk of divestment till now has come from follow-on offerings in the Centre's two ETFs, Bharat-22 and CPSE. Now, there will be initial public offerings of Mazagon Docks, rail companies RVNL and IRFC and MSTC.
The sector attracted foreign investments to the tune of $1,252 million during the year, a 12.8 per cent decline compared to $1,437 million registered in the previous year, according to latest data released by the Department of Industrial Policy and Promotion (see table).
The department of investment and public asset management is scouting for investment bankers and legal advisors to carry forward the transactions.
The Central Bureau of Investigation on Monday filed its first charge-sheet in a Delhi court in the coal blocks allocation case against Navabharat Power Pvt Ltd for allegedly misrepresenting facts and making "fraudulent" claims to "embellish" its applications to get allotments between 2006 and 2009.
Bold reform measures to sustain high growth trajectory figure high.
As the BJP is set to form the next government in Maharashtra on Friday, industry experts want the new chief minister to expedite the delayed infrastructure projects in the state and revive investment in key sectors by removing bureaucratic bottlenecks.
Reliance Industries (RIL), India's largest private sector company, is finalising a new alliance with engineering and project management partner Bechtel Corporation, as it prepares to enter the power sector.
According to RBI sources, some banks had extended credit to existing borrowers to repay their debt, known as evergreening of loans in banking parlance.
In a move to help quicken the flagging pace of distribution reforms in the power sector, the Union finance ministry has approved the creation of a Rs 50,000-crore National Electricity Fund - first mooted in the 2008-09 Budget - for attracting investment in this area.
In a chat with Business Standard, Blackstone India chairman and managing director Akhil Gupta says the PE player is eyeing investment opportunities in infrastructure and personal consumption-driven sectors and may raise an India-focused fund.
The Gurgaon-based company, which is in negotiations with Chinese banks, expects to clinch the loans by September.
The 980 MW (2x490 MW) Stage-II of the Dadri power project would supply electricity for the Commonwealth Games, next month.
National Aluminium Company (Nalco) has chalked out plans to enter the power business through the special purpose vehicle (SPV) route. The company plans to produce over 2000 MW by 2016.
The passing of the nuclear liability bill will be a political and diplomatic victory for Prime Minister Manmohan Singh at a time when he is being seen as getting weaker and his government is drifting on all major national challenges like price rise, Kashmir and Naxalism.
Bids for eight coal blocks were sent for re-examination.
Green rating of thermal power plants are way behind the global best.
State-run BHEL is exploring the possibility of formation of a separate finance company as a joint venture with a strategic partner to finance power projects.
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