SEBs acted smartly in the falling tariff scenario by going back on their signed contract of buying power which at the time of signing were the lowest bid. This resulted in a complete turmoil in the sector and prompted the central government to come out with power projects of their own which were backed by it. … [Read more...] about Is it labour pains for the wind power sector?
Nfl draft round
Since every kg of fertiliser sold at the retailer's end now has an address, retailers who used to either help hoarding, sold spurious fertilisers or sold it to industries are shutting shop. A survey done in six districts found that nearly 300 retailers did not renew their licences after implementation of DBT. … [Read more...] about Is extending direct benefit transfers to fertilizers a boon or bane?
This might bring in temporary volatility as one form of energy competes with the other, but forces of supply and demand and the overall cost of producing energy given the landed price of fuel at the factory gate will play an important part. But the net result will be that the most economical and environmentally friendly source of energy will be available in the country. … [Read more...] about Why it makes sense to keep energy prices on par with international rates
The promoters who had failed to pay the banks despite repeated rounds of negotiations are now seeking more time to pay saying that the standstill clause is preventing them from doing so. If their intentions were right they would have made the payment by now and would have saved themselves the embarrassment of coming on the list. … [Read more...] about Defaulting promoters attempt to stall bankruptcy proceedings on technical ground
"We wish to inform that the 8th CoC meeting of Jet Airways (India) Ltd was held on February 18 and in the e-voting concluded on February 25, the CoC passed the resolution to issue fresh Invitation of EoI (Round) for the corporate debtor," Jet Airways said in BSE filing. … [Read more...] about Jet Airways lenders to seek fresh EoIs