Govt extends Central Electronics bid deadline to June 15, 2020 Corrigendum for extension of last date of EOI for strategic disinvestment of CEL extended upto 15.06.2020 For more information please see below link:
Indu Shekhar Chaturvedi assumes charge as new MNRE Secretary
He is a 1987 Batch IAS officer belonging to Jharkhand cadre and had succeeded Anand Kumar in the ministry who has been shifted to the Ministry of Culture as its new Secretary. New Delhi: Indu Shekhar Chaturvedi, the new Secretary of the Ministry of New and Renewable Energy (MNRE), assumed charge on Monday, the ministry […]
Review of FDI policy for curbing opportunistic takeovers of Indian companies due to the current COVID-19 pandemic
To avoid takeover acquisitions of Indian firms by Chinese giants GoI has notified changes in FDI policy. Now investments from any country which shares border with India will be routed through Govt Approval route and not through Automatic Route Review of Foreign Direct Investment (FDI) policy for curbing opportunistic takeovers/acquisitions of Indian companies due to […]
Board of REC approves incorporation of SPVs for executing seven transmission projects
At meeting held on 25 March 2020 The Board of REC at its meeting held on 25 March 2020 has approved the proposal for incorporation of seven (7) Project Specific Special Purpose Vehicles (SPVs) as Wholly Owned Subsidiaries of REC Transmission Projects Company (RECTPCL), a wholly owned subsidiary of REC, for development of following transmission […]
CCI approves acquisition of Teesta Urja Limited by Greenko Mauritius
The Competition Commision of India (CCI) approves the acquisition by Greenko Mauritius (Acquirer/Greenko) in Teesta Urja Limited (Target/TUL), under Section 31(1) of the Competition Act, 2002. The proposed combination relates to the acquisition by Greenko of approximately 35% equity stake in the paid-up equity share capital of TUL (Proposed Combination). Acquirer is a wholly-owned subsidiary […]
Government of India proposes ADITYA – A Discom reform Initiative as UDAY prepares to retire
In a decent development, the Government of India proposes a grant of INR 1.1 Lakh Crore for state discoms under a new scheme – Atal Distribution System Improvement Yojana (ADITYA). The scheme is supposed to be announced in the upcoming budget. The initiative is an advancement as UJJWAL Yojana is about to get expired in March […]
Tata Group to set up Rs 4,000cr lithium-ion battery plant
Shivhare said that the ultimate manufacturing capacity would be 10 giga watts (GW). Ahmedabad: In a major push to electric mobility in Gujarat, Tata Group, has committed an investment of Rs 4,000 crore to set up a lithium-ion battery plant in Dholera Special Investment Region (DSIR) in Gujarat. According to a senior state government official, […]
Two weeks after cabinet reshuffle, Sidhu yet to take charge of power ministry
Two weeks after he was divested of his key portfolios in a cabinet reshuffle, Punjab minister Navjot Singh Sidhu is yet to take charge of the power ministry, said official sources. Meanwhile, a few posters mocking Sidhu surfaced in Mohali Friday. It has been asked in the posters as to when he would “quit politics” […]
Government of India plans to exempt electric vehicles from Registration Fee
To promote electric mobility in the country, the Government of India may exempt electric vehicles from the Registration Fee. The Ministry of Road Transport and Highways proposed to remove registration fee from electric vehicles. The government will most likely make the announcement at the Union Budget next month (5 July). The exemption from Registration Fee […]
Punjab Cabinet rejig: Sidhu divested of crucial local govt dept, gets power portfolio
Punjab minister Navjot Singh Sidhu, who is at loggerheads with Chief Minister Amarinder Singh, was divested of the crucial Local Government department and was given the Power and New and Renewable Energy Sources portfolio in a cabinet reshuffle on Thursday. The rejig took place hours after the first state Cabinet meeting following the Lok Sabha […]