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Policy Watch

Power crisis: Govt mulls changes in normative coal stock requirement for TPPs, say sources

According to a draft document being discussed, the Centre is considering lowering the normative coal stock requirement to 10 days for pithead TPPs The CEA is expected to come up with the revised.......

Govt to soon set up a company for monetisation of privatisation-bound PSU assets

An SPV in the form of a company would be set up to hold these assets which would be monetised to fetch value to the exchequer, said the DIPAM Secretary The Department of Public Enterprises (DPE).......

Govt to implement Phase I of Market-Based Economic Dispatch (MBED) from April 1, 2022

The ministry has released the framework for the Phase-I programme, which is expected to reduce consumers’ power purchase costs by five percent A robust day-ahead market will form the basis.......

Govt slashes bank guarantee requirement for telecom companies by 80%

New Delhi: The Department of Telecom has slashed the performance and financial bank guarantee requirement of telecom operators by 80 per cent, according to a licence amendment note issued on.......

Govt allows captive mines to sell 50% coal, lignite in a financial year

The change would be applicable for both the private and public sector coal and lignite captive mines The availability of additional coal will ease pressure on power plants and will also aid in.......

Ethanol blending: Govt doubles incentive on sugar diverted for ethanol production

Every sugar season (October- September), production of sugar is around 320-330 Lakh Metric Tonne (LMT) as against the domestic consumption of 260 LMT The Centre has fixed a target of 10 percent.......

Govt proposes penalty for discoms for failure to supply 24x7 power to all consumers

This is the first time that the government has proposed penalty for discoms over their failure to ensure 24x7 power supply In the rules notified in Dec 2020, the government had only gone so far.......

Govt announces amendments to REC mechanism. Here’s what has changed

Under the new mechanism, the validity of REC would be perpetual, ie, till it is sold The existing RE projects that are eligible for REC would continue to get RECs for 25 years New Delhi:.......

No prior experience required now for up to 200 mtr road tunnel construction: Nitin Gadkari

New Delhi: In a major step towards ease of doing business for road and tunnel contractors, Union Minister Nitin Gadkari has said that now there will be no prior experience or conditions required for.......

Power Ministry asks thermal power plants to auction fly ash via transparent bidding

If after bidding/ auction some quantity of fly ash remains un-utilised, then only, as one of the options, it could be considered to be given free-of-cost on first-come-first-served basis If ash.......

India amends rules for Ammonium Nitrate, SMPV to enhance safety, ease of doing business

The amendments include provision for adequate firefighting facilities in storage and handling areas, improvement of flooring in storage and handling area for Ammonium Nitrate To address the.......

GST Council leaves petrol, diesel outside GST regime, slashes tax on biodiesel

GST Council members made it clear they do not want petroleum products to be included under GST, said Nirmala Sitharaman The GST Council has, however, decided to cut the tax on biodiesel, which.......

Press conference: Sitharaman announces Rs 30,600-cr guarantee for ‘bad bank’ NARCL

NARCL will aggregate NPAs — for which full provisioning has been done — in banks’ balance sheets and manage and dispose of them professionally Along with NARCL, the Centre will.......

Mega relief package for telecom sector: 4-yr moratorium; AGR rationalised; 100% FDI

Non-telecom revenue will be excluded on prospective basis from the definition of AGR Additional Spectrum Usage Charge (SUC) of 0.5 percent for spectrum sharing removed To encourage investment,.......

Govt mulling 10% Green Hydrogen purchase obligation for refineries, fertiliser plants: RK Singh

The government is considering a production-linked incentive (PLI) scheme and viability gap funding for use of Green Hydrogen by heavy vehicles to promote the fuel Green Hydrogen purchase.......