June 19, 2013
The Union government has stated that coal linkage to NTPC's proposed 1,980 mw North Karnapura power plant in Jharkhand has been restored but supply of the fuel will start in the next Plan period. In pursuance of the Cabinet Committee on Investment (CCI) decision, the coal linkage granted to North Karnapura Thermal Power plant of NTPC in Jharkhand from Central Coalfields Ltd (CCL) is restored, Coal Ministry has said. The Ministry informed this to CIL in a letter. CIL is the parent company of CCL.
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Power |
June 19, 2013
Union Finance Minister P Chidambaram on June 18 said that India must look at channelling insurance and pension funds into the newly-formed infrastructure debt funds (IDFs). Channelling of insurance and pension funds into IDFs is essential as the two funds from both insurance and pension sectors are long-term, Chidambaram said after launching the maiden IDF scheme of IIFCL mutual fund at North Block in Parliament.
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Government Policies/Announcements/News |
June 18, 2013
Jharkhand's energy department is working on a plan to set up a 62 mw hydel power plant at the Koel-Karo basin of Torpa block in Khunti district. The proposed power plant will not displace a single family as was the case with the abandoned Koel-Karo project of the Centre, which was to generate 710 mw and displace about one lakh families besides submerging over 50,000 acres of land, officials concerned said. The Koel-Karo project, which was envisaged in 1957 as part of the second five year plan, was shelved in 2003 owing to protests by local people largely tribal families.
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Renewable Energy |
June 18, 2013
Coal India (CIL) Chairman S Narsing Rao has said that coal stocks in power plants are at a 10-year high, and has remained that way for the past few weeks. The stock is about 20 million tonne, which is good enough for generating power for the next two weeks, he added. For the last five years, coal stock in power plants never exceeded 9-10 million tonne.
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Power |
June 18, 2013
Under the Centre's debt restructuring scheme, Tamil Nadu has become the first state to issue bonds worth Rs 6,144 crore in the first phase. With this, through faced initial hiccups, the Centre's debt restructuring scheme for power distribution companies has taken off.
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Power |
June 18, 2013
Ashwani Kumar, Chairman and Managing Director of the state-run Dena Bank said the bank decided to set its footprint in the eastern part of the country especially in West Bengal and Bihar. The state-run bank, which is predominantly present in the western part of the country, is turning to east as the region appears less crowded and shows opportunity
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Banking & Finance |
June 17, 2013
In Bihar's Bhagalpur, operation of air travel services will be resumed after after 35 years when Skyfisher Airways resumes its 'Air-Auto' operations in the first week of July. Bhagalpur is one of the oldest divisions in Bihar. For the purpose, the Directorate of Civil Aviation, government of Bihar have already sanctioned Rs 1.33 crore.
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Aviation |
June 17, 2013
The Prime Minister Manmohan Singh has approved the commencement of preparatory work on creating an Amritsar-Delhi-Kolkata Industrial Corridor to give a boost to industrial development in the densely populated states of Northern India.
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Roads/Highways/Bridges |
June 14, 2013
Villagers stopped the mining project at NTPC's Pakri-Barwadih coal block demanding higher compensation from the state-run coal producer for acquiring the cultivable land. NTPC, which wants to mine the block to run its ultra mega power project, refused to raise compensation amount from Rs 15 lakh to Rs 40 lakh as dem
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Mining |
June 12, 2013
Union Steel Secretary DRS Chaudhary requested his counterpart in the Coal Ministry SK Srivastava to allot Aluara and Parbatpur North coal blocks to Rashtriya Ispat Nigam (RINL). The Aluara and Parbatpur North coal blocks are among the 17 blocks that the government would auction to public sector companies through a special dispensation route. Steel Secretary made this request to Sriva
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Coal |
June 12, 2013
By the end of 2013, union government would award road projects totaling a length of 380 km in the Left Wing Extremism (LWE) areas spanning five states. The projects would benefit Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Andhra Pradesh, Uttar Pradesh, Maharashtra and Odisha
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Roads/Highways/Bridges |
June 10, 2013
Kolkata-based jeweller Senco Gold plans to expand with retail outlets in the northern and central parts of the country. The first such outlet was recently opened in Delhi. The Rs 1,200-crore group is a dominant player in Kolkata with 44 outlets in West Bengal, Jharkhand, Odisha and Assam. Plans are now afoot to double the retail network in next five years.
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Posted in
Retail |