The budget’s focus on creating a clean, reliable and robust financial sector towards promoting a strong economy had the common man at heart. Towards this end, the increase in the insurance coverage of fixed deposit from Rs 1 lakh to Rs 5 lakh aimed at bridging the trust deficit, increasing financial security and protecting household savings. … [Read more...] about Budget 2020 focused on increasing purchasing power of people: Kamlesh Rao
Increased competition met falling input prices which resulted in a sharp fall in tariff rates for renewables. Falling rates were a curse rather than a blessing for the sector. Renewable power producers put up a brave face in the tough scenario as the market was getting bigger. However, it was the state electricity boards (SEBs) that spoilt the party for the renewable energy sector. … [Read more...] about Is it labour pains for the wind power sector?
A spokesperson of the firm said: “We have written to the distribution companies that we may have to consider shutting down if there is no positive response, we have not said we will shut down. Our attempt has been to arrive at a mutually acceptable arrangement. We have waited long for a resolution and losses are mounting. We do hope that states will take steps to finalise this quickly.” … [Read more...] about Tata Power considering stopping supply to five states: Report
Earlier this month, ArcelorMittal India Private Limited (AMIPL) -- which holds majority share in the JV firm AMNS -- was selected preferred bidder for Thakurani iron ore mine license in Odisha following an auction process facilitated by the state government. … [Read more...] about ArcelorMittal Nippon Steel completes acquisition of Bhander power plant in Hazira
"Even now it is not too late. The government should listen to the voices of the anti-CAA protesters and declare that the CAA will be kept in abeyance until the Supreme Court pronounced on its validity," he said on Twitter. … [Read more...] about Anti-CAA violence: Chidambaram says people paying price for putting in power insensitive people