Highlights

  • KOLKATA: Coal India to spend Rs 1,000 crore on executives’ salary hikes this year...

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  • New Delhi: NTPC close to buying out UP government’s 50 per cent equity in Meja power project...

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  • New Delhi: Finance ministry to push through two more M&As among energy PSUs to meet selloff target. ..

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  • Hong Kong . NRDC signs MoU with Hong Kong Trade Development Council for Strategic Relationship...

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  • Kolkata: Director (HR), POSOCO Awarded with 'Women in Energy Sector - Excellence in HR Award'...

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  • Singrauli. NCL to Host International Conference on Opencast Mining Technology and Sustainability. ..

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  • New Delhi: Cabinet Approves Sale Of Government’s Stake In REC To PFC...

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  • NALCO BAGS CII-EXIM BANK BUSINESS EXCELLENCE AWARD..

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  • Vishakhapatnam: CMD, RINL, Awared with "Steelies India 2018” Award...

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  • Odisha: Volley ball tournament at MCL HQ...

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Article

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Too Early to Celebrate Success in PSB;s bad Loan Recovery

Finance Minister Arun Jaitley expressed satisfaction at the financial health of public sector banks (PSBs) after their annual performance review on September 25. Jaitley said PSBs’ non-performing loans (NPAs) are in a decline and they can step up lending as the economic growth picks up. Notwith

Posted By :  Admin
Posted Date :  06-10-2018

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Haunted by 'Discoms' Woes

Financially weakened power distribution companies (discoms) have become a curse for electricity generators. Erratic coal supplies have further added to generators’ woes.   The two systemic issues have come to the fore as a number of power plants stare at the prospect of being taken to

Posted By :  Admin
Posted Date :  05-10-2018

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Safeguard Duty Could Hurt India's Solar Prospects

India has imposed safeguard duty on solar cells imported from China and Malaysia, in a move that would provide relief to the domestic manufacturers but could put off interested investors and impact the government’s solar generation programme.   Increasing solar generation capacity to 1

Posted By :  Admin
Posted Date :  05-10-2018

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No Need to Panic over Surging Crude

The Modi government has been a major beneficiary of low crude oil prices, which created scope for it to jack up excise duty on petrol, diesel and manage fiscal challenges in a better way. But the scenario has now changed radically.  The oil market is on an upswing. It is already well beyond the

Posted By :  Admin
Posted Date :  05-10-2018

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Crude shock: India should focus on Stepping up Exploration

The global crude market continues to harden, threatening to complicate fiscal challenges for the Modi government, which has been a beneficiary of benign oil price so far.   India meets over 80% of its crude requirement through import and hence vulnerable to oil price shock.   Th

Posted By :  Admin
Posted Date :  05-10-2018

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Disinvestment Policy Needs a Fresh Look

Life Insurance Corporation of India (LIC) has been purchasing PSU shares to support government’s disinvestment programme. The state-owned insurer has more than 1% share in 53 listed PSUs except MOIL and SJVN.   Whenever there is poor investor response to government’s sell-off plan, L

Posted By :  Admin
Posted Date :  05-10-2018

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A Timely Merger Plan

The government has decided to merge three state-owned insurers -- National Insurance, Oriental Insurance and United India Insurance -, and list the consolidated entity later, reversing its earlier decision to take them to stock markets as individual companies.   The proposed move will le

Posted By :  Admin
Posted Date :  05-10-2018

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CIL gearing up for Private Competition

Coal India (CIL) sees competition increasing in the coal business in days ahead as the government works to open commercial coal mining for private players. But the PSU has not lost nerves. Rather, it has started preparing itself to take on private competition. That is reassuring.   The P

Posted By :  Admin
Posted Date :  05-10-2018

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New Reforms to ensure 24X7 Power Supply

As the deadline for roll-out of the 24X7 power supply nears, the Centre has proposed key reforms like legislative change to stop power distribution companies (Discoms) from arbitrarily resorting to loadshedding, a practice that has become rampant in recent years.   Once the proposed legi

Posted By :  Admin
Posted Date :  05-10-2018

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