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 […]
‘Bimstec nations could tap India’s green energy transition’
With the Bimstec leaders gathered in the national capital for Prime Minister-elect Narendra Modi’s swearing in ceremony on Thursday, the member-nations could benefit from India’s rapid renewable energy capacity increase, say experts. The New Delhi-based organisation CarbonCopy said the annual electricity trade potential between South Asian and Southeast Asian countries could be from 65,000 MW […]
Japan drags India to WTO over import duties on certain electronic goods
Japan has dragged India to the World Trade Organisation (WTO) over the import duties imposed on certain electronic goods, according to the global trade body. Japan has accused India of “continuously and systematically” raise import duties on these goods after announcement of ‘Make in India’ campaign in September 2014, according to a communication released by […]
Ministries, PSUs, power firms gear up to charge India’s electric vehicles
Significant investment is being mobilised by public and private sectors to manufacture and install electric vehicle supply equipment (EVSE) infrastructure across India At least half-a-dozen public sector firms, the railways and various ministries are in the process of creating infrastructure and manufacturing components for electric vehicles (EVs). By one estimate, the size of the EV […]
Anti-dumping duty on Ethylene Vinyl Acetate sheet for Solar Module
NOTIFICATION No. 15/2019-Customs (ADD): Seeks to impose definitive anti-dumping duty on ‘Ethylene Vinyl Acetate (EVA) sheet for Solar Module’, originating in or exported from China PR, Malaysia, Saudi Arabia and Thailand GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 15/2019-Customs (ADD) New Delhi: G.S.R…. (E). – Whereas, in the matter of import […]
REC Limited pays Rs.1,143.34 crore as Interim Dividend for FY 2018-19 to the Ministry of Power, Government of India
Shri Ajeet Kumar Agarwal, CMD & Director (Finance) of REC Limited, a Navratna Public Sector Undertaking under Ministry of Power (MoP), presented RTGS credit advice towards payment of Interim Dividend for the Financial Year 2018-19, amounting to Rs.1,143.34 crore on the shareholding of Government of India in REC to Shri R.K. Singh, Hon’ble Minister of […]