Indian Power Sector News

Independence of RBI must be protected - The New Indian Express

Sat, 03/11/2018 - 4:14am

The New Indian Express

Independence of RBI must be protected
The New Indian Express
If the power sector needs any relief, it must come from fiscal resources, not by the RBI's indulgence. These are ... But such a law on fiscal responsibility passed by India in 2003 did not prevent the fiscal deficit from ballooning over the limit by ...
RBI Row: IMF Against Government Interference Of Any Kind In Central BanksNDTV
Corp Bank, BoI, Oriental Bank show signs of revival under RBI's PCA watchBusiness Today
IMF says monitoring situation in India; bats for RBI's independenceThe Indian Express
Daily Pioneer -Livemint -Pune Mirror
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India emerging as a super power in sports: Rajnath - Daily Pioneer

Sat, 03/11/2018 - 12:08am

India emerging as a super power in sports: Rajnath
Daily Pioneer
Union Home Minister Rajnath Singh said that India had already emerged as a super economic power and now it was close to becoming super power in sports because of the emphasis the Narendra Modi government had given to promote sporting activities in the ...

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Corp Bank, BoI, Oriental Bank show signs of revival under RBI's PCA watch - Business Today

Fri, 02/11/2018 - 8:15pm

Business Today

Corp Bank, BoI, Oriental Bank show signs of revival under RBI's PCA watch
Business Today
RBI and the centre's differences are in relation to the apex bank's handling of weak public sector banks, tight liquidity in the market and resolving bad loans in the power sector. ... PCA framework was implemented on Bank of India in December, 2017.
Scroll Explainer: What you need to know about the Centre vs RBI battleScroll.in

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PM Modi doles out incentives for MSMEs: Here are the top announcements - The Indian Express

Fri, 02/11/2018 - 7:11pm

The Indian Express

PM Modi doles out incentives for MSMEs: Here are the top announcements
The Indian Express
“12 major decisions taken by the Central government for MSMEs Sector are proof that when after breaking silos, collective initiatives are taken, collective responsibilities are fulfilled and collective decisions are taken, it creates a comprehensive ...

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CIL coal output in April-October rises 10% to 306 MT - The Indian Express

Fri, 02/11/2018 - 3:56pm

The Indian Express

CIL coal output in April-October rises 10% to 306 MT
The Indian Express
State-owned CIL Friday said it produced 306.24 million tonne (MT) of coal in the first seven months of the ongoing fiscal, registering an increase of 10 per cent as compared to the year-ago period. In the April-October period of 2017-18, the company's ...

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Smart Grids emerging as critical enabling infrastructure - United News of India

Fri, 02/11/2018 - 1:38pm

Smart Grids emerging as critical enabling infrastructure
United News of India
'Technology advancement has transformed the Indian power sector so much so that individuals can now produce power locally than have large power stations to supply power to cities and villages. Therefore, it is necessary for all utilities to gear up for ...

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IMF monitoring RBI rift; bats for central bank's independence - The New Indian Express

Fri, 02/11/2018 - 12:12pm

The New Indian Express

IMF monitoring RBI rift; bats for central bank's independence
The New Indian Express
The standoff was in relation to RBI's handling of weak public sector banks, tight liquidity in the market and ways of resolving bad loans in the power sector. Some reports claimed that RBI Governor Urjit Patel was considering stepping down if the ...
Banking troublesDaily Pioneer
Under Sec 7, govt seeks consultation with RBIPune Mirror
Question of autonomy — As the Indian government tries to strong arm the country's central bank, its governor ...Business Insider India
Livemint
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IMF says monitoring situation in India; bats for RBI's independence - The Indian Express

Fri, 02/11/2018 - 10:17am

The Indian Express

IMF says monitoring situation in India; bats for RBI's independence
The Indian Express
The standoff was in relation to RBI's handling of weak public sector banks, tight liquidity in the market and ways of resolving bad loans in the power sector. Some reports claimed that RBI Governor Urjit Patel was considering stepping down if the ...
Corp Bank, BoI, Oriental Bank show signs of revival under RBI's PCA watchBusiness Today
RBI vs Government: 10 Things To KnowNDTV
Under Sec 7, govt seeks consultation with RBIPune Mirror
Livemint
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India's curious inflexibility in trying to fix its bad loan crisis is leading to unforeseen problems - Scroll.in

Fri, 02/11/2018 - 9:00am

Scroll.in

India's curious inflexibility in trying to fix its bad loan crisis is leading to unforeseen problems
Scroll.in
Instead of restructuring the group's loan – which would have enabled the banks to recover 70% of their outstanding dues – the banks pushed the project into a process through which it will either go to a company with no power sector experience for half ...

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REC raises $700 million in largest Dollar bond transaction by an NBFC - ETEnergyworld.com

Fri, 02/11/2018 - 7:59am

ETEnergyworld.com

REC raises $700 million in largest Dollar bond transaction by an NBFC
ETEnergyworld.com
New Delhi: State-owned power sector financier Rural Electrification Corporation (REC) announced it has raised $700 million (around Rs 5,140 crore) through a 5-year bond under the 144a bond program in the US. The transaction comes in the backdrop of ...

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RBI Row: IMF Against Government Interference Of Any Kind In Central Banks - NDTV

Fri, 02/11/2018 - 7:49am

NDTV

RBI Row: IMF Against Government Interference Of Any Kind In Central Banks
NDTV
The International Monetary Fund or IMF said today that it was closely monitoring the reported rift between the RBI and the Centre in India, and expressed its opposition to any move that compromises the independence of central banks anywhere in the ...
Corp Bank, BoI, Oriental Bank show signs of revival under RBI's PCA watchBusiness Today
Scroll Explainer: What you need to know about the Centre vs RBI battleScroll.in

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Villagers lose homes, land to feed India's booming power sector - Morung Express

Thu, 01/11/2018 - 9:08pm

Villagers lose homes, land to feed India's booming power sector
Morung Express
Megha Bahree. Thomson Reuters Foundation. Siyaram Saket refuses to give up his one-and-a-half acres of farmland in central India – no matter how much the coal mining company offers him. Whatever the amount, said the 55-year-old, it will not be enough ...

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India to end priority gas allocation to power sector - Interfax Global Energy

Thu, 01/11/2018 - 7:22pm

Interfax Global Energy

India to end priority gas allocation to power sector
Interfax Global Energy
The Indian government plans to end the priority allocation of gas to the power sector, a move that could damage the prospects for power generators already struggling to remain competitive, according to The Economic Times. The proposal would change the ...

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Power sector to attract Rs 11.56 trillion investments in five years - Business Standard

Thu, 01/11/2018 - 5:41pm

Business Standard

Power sector to attract Rs 11.56 trillion investments in five years
Business Standard
Between April 2000 and June 2018, FDI (foreign direct investment) inflows in the power sector reached $14.18 billion, accounting for 3.64 per cent of the total FDIs drawn by the country. A report by the Indian Brand Equity Foundation (IBEF) attributed ...

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India's proceedings to recover bad debt are reshaping Chhattisgarh's economy – and politics too - Scroll.in

Thu, 01/11/2018 - 9:02am

Scroll.in

India's proceedings to recover bad debt are reshaping Chhattisgarh's economy – and politics too
Scroll.in
Big companies are entering the state's steel and power sector, using India's ongoing insolvency proceedings to buy distressed firms. At the same time, Chhattisgarh's local steel makers, several of whom entered the power sector in the mid-2000s, are ...

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Banking troubles - Daily Pioneer

Thu, 01/11/2018 - 12:04am

Business Insider India

Banking troubles
Daily Pioneer
This, in turn, has virtually brought economic activity in India to a standstill. According to media reports, Section 7 has been invoked three times already over the past few weeks at least in part to reclassify the massive NPAs plaguing India's power ...
Question of autonomy — As the Indian government tries to strong arm the country's central bank, its governor ...Business Insider India
Under Sec 7, govt seeks consultation with RBIPune Mirror
The cast of characters in the Govt vs RBI fightLivemint
Scroll.in
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RBI vs Centre: How the spat is unfolding - Business Today

Wed, 31/10/2018 - 8:19pm

BloombergQuint

RBI vs Centre: How the spat is unfolding
Business Today
Differences between the two cropped up over central bank's handling of NPA-laden public sector banks under the prompt corrective action (PCA) framework and ways to resolve bad loans in the power sector. The government also wants the RBI to ease the ...
Will govt invoke Sec 7 for 1st time if RBI logjam persists?Times of India
Why India's Government and Central Bank Are FeudingBloombergQuint
Amid Autonomy Debate, Govt Confirms 'Extensive Consultations' With RBINews18
The Wire -Economic Times
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Why India's Government and Central Bank Are Feuding - BloombergQuint

Wed, 31/10/2018 - 7:30pm

BloombergQuint

Why India's Government and Central Bank Are Feuding
BloombergQuint
BAD LOANS: The RBI has long tried to get state lenders to recognize soured loans, particularly to the power sector. According to Bloomberg Opinion's Andy Mukherjee, the Modi government hasn't exactly cooperated. It even recently appointed an RBI critic ...
Will govt invoke Sec 7 for 1st time if RBI logjam persists?Times of India
Amid Autonomy Debate, Govt Confirms 'Extensive Consultations' With RBINews18
Modi Government Invokes Never-Used Powers to Direct RBI Governor: ReportsThe Wire
Business Today -Economic Times
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Agriculture sector not responsible for discoms' health, declining groundwater: study - Down To Earth Magazine

Wed, 31/10/2018 - 6:15pm

Down To Earth Magazine

Agriculture sector not responsible for discoms' health, declining groundwater: study
Down To Earth Magazine
A new study done by Pune-based non-profit Prayas shows that India's agriculture sector cannot be held responsible for financial stress on electricity distribution companies (discoms) and for declining groundwater. The study titled, Understanding the ...

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Agriculture sector not responsible for discoms' health and declining groundwater: study - Down To Earth Magazine

Wed, 31/10/2018 - 6:15pm

Agriculture sector not responsible for discoms' health and declining groundwater: study
Down To Earth Magazine
A new study done by Pune-based non-profit Prayas shows that India's agriculture sector cannot be held responsible for financial stress on electricity distribution companies (discoms) and for declining groundwater. The study titled, Understanding the ...

Categories: Latest News