Of the 170 million rural households in the country, a government website claims to have connected 82 per cent of them. The metered households are 50 per cent of the total. As on February, 2018, of the 780,000 villages to be intensively electrified or provide connection to all in households, 493,000 have been covered. However, the amount and quality of the power supply cannot be ascertained from this data. No clause in any of the rural electrification programmes promises 24 hours' power supply.
Concerned over the flight of talent from public sector undertakings to private sector, officers of profit making public sector units have threatened to go on an indefinite strike from December 22 seeking higher salaries.
The power minister briefed the investors on various steps undertaken by the government.
Will set up a 1,000MW gas-based power plant at its Gujarat SEZ.
Fertilizer sector on Friday sought gas supplies from Reliance Industries's KG-D6 block at no more than 5 dollars per million British thermal unit, even as the power sector nudged the government to take its share of gas in kind.
French power equipment supplier Alstom said on Thursday it will expand its manufacturing facilities in India to meet the growing demand in thermal and hydro projects and is eyeing emerging opportunities in the nuclear power sector.
IMF cut its 2016 global growth forecast for the fourth time in the past year to 3.2 per cent, citing China's slowdown.
On sensitive matters, the manifesto said a relentless struggle would be waged to secure justice for the state on issues like river water and transfer of Chandigarh and other Punjabi-speaking areas to Punjab.
Seeking to guard investor returns from excessive exchange rate movements, RBI Governor Raghuram Rajan on Thursday said a move towards an inflation target of 4 per cent will help contain the currency market volatility.
Mutual funds predominantly bought engineering, media, pharma, and oil and gas stocks in July
On the first day of the new financial year, there was a sense of dj vu in the power sector. As has been the case for the last many years, the capacity addition during the year, of 9,263 Mw, is a little over half the target of about 17,000 Mw.
Moody's in its report said power generators were unlikely to benefit meaningfully.
The Prime Minister's Economic Advisory Council has approved Reliance Industries' 4.33 dollars per mBtu price of gas from KG-D6 fields, saying it was in line with industry practices.
Almost half the overall projects costing at least Rs 150 crore (Rs 1.5 billion) are facing a time lag as on March 31. Of 558 projects, 272 were running late when FY13 came to an end, official data showed.
Finance Minister P Chidambaram presented the Union Budget for 2008-09 in the Lok Sabha on Friday.
After visits to the US and Europe, a power ministry delegation is headed for Japan, Singapore and Malaysia for conducting roadshows to attract foreign investors in the country's power sector.
Prabhu proposed an unprecedented 50% hike in investment.
Tata Power, GMR Energy and GVK Power are eyeing the capital's Rs 175-cr first waste-to-energy project.
Power-starved Maharashtra could face electricity shortage of 11,000 MW over the next five years if there is no capacity addition is undertaken, Chief Minister Vilasrao Deshmukh said.
A surge in manufacturing pushed up the country's industrial growth to 12.9 per cent in March 2007, taking the expansion during 2006-07 to 11.3 per cent.
The Niti Aayog has finalised the first draft of a new national energy policy.
Without a salary revision, the government will have increasing difficulty retaining its existing professional cadres.
As many as 65 per cent of respondents have positive expectations from the budget and believe that it will succeed in giving a definite push to economic growth and job creation, a survey has said.
India and China are associate partner countries of IEA.
If nothing is done, the country is set to become 83 per cent energy-import-dependent by 2040.
According to a statement available on the Ministry of Statistics and Programme Implementation website, gross domestic product, consumer price index and index of industrial production will now be released at 5.30 in the evening.
For the entire 2015-16 fiscal, the factory output grew at 2.4 per cent, down from 2.8 per cent in the previous fiscal.
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Delayed clearances for coal blocks, as well as companies' own failure in developing mines, appear to have had a financial implication of Rs 1.46 lakh crore (Rs 1.46 trillion) for the country.
'India has benefited from lower oil prices and remains the fastest-growing large economy in the world.'
On an average most commodities are up between 20-30 per cent compared to a year ago levels.
The framework also envisages amendments to the Prevention of Corruption Act to exempt commercial decisions by PSBs from scrutiny by investigating agencies. Both the amendments are likely in the monsoon session of Parliament.
The group has lined up close to a dozen projects, which will take the company's installed capacity to around 18,000 mw.
With administered gas and coal supply coming to an end, there is no alternative to SEB reform
The US-India CEO Forum has come out with a far-reaching reform agenda, including opening up of retail sector and raising FDI caps in insurance, banking, print media and broadcasting.
In one of the first steps towards coal block re-allocation, the government has finalised the methodology to calculate coal price for e-auction and a Cabinet proposal on this is likely to be floated in a fortnight.
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