-Live Mint Government rejects coal price pooling, moves closer to allowing projects assured fuel linkages by CIL to import coal The government rejected a proposal to pool coal prices and instead moved a step closer to allowing power projects that had been awarded through competitive bidding and assured fuel linkages by state-owned miner Coal India Ltd (CIL) to import the fuel and pass on the incremental costs as higher electricity tariffs. Price pooling...
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Adani Power lifeline may set precedent -Utpal Bhaskar and Maulik Pathak
-Live Mint CERC calls for a variable ‘compensatory tariff' to be offered to Adani Power till fuel situation stabilizes In an unprecedented move, India's apex power sector regulator offered a bailout package to Adani Power Ltd in a late Tuesday order to offset losses on account of the unexpected increase in the prices of imported coal and the unavailability of domestic coal for the company's 4,620 megawatts (MW) thermal power project at...
More »'Rural wage hike pushing inflation, posing challenge for RBI'
-PTI About 20 per cent increase in wage inflation is building up price pressure on food articles and is posing a big challenge for RBI to cut policy rates, an industry body said today. "Near 20 per cent annual increase in the wage inflation in rural areas is building up price pressures on food articles like cereals, rice and wheat, and is posing a big challenge for the Reserve Bank which is...
More »Fuel Price Hike Rocks Parliament
-Outlook The issue of fuel price hike rocked Parliament today with opposition members in the Lok Sabha and the Rajya Sabha disrupting proceedings, demanding an immediate roll back. Several parties protested against the price hike with SP, Left, Trinamool Congress and AIADMK storming the Well of the Lok Sabha, while BJP members were on their feet. In the Rajya Sabha, the entire NDA - BJP, JD-U, SAD and Shiv Sena - protested as...
More »LPG cylinders cheaper by Rs 38
-The Telegraph Public sector oil marketing companies yesterday raised the prices of diesel sold to bulk consumers like the railway and defence by Rs 1.20 a litre despite protests in Parliament last week. At the same time, oil companies reduced the price of domestic non-subsidised cooking gas by Rs 38 for a 14.2 kg cylinder. Following the revision, cooking gas will be sold at Rs 933 a cylinder in Calcutta and neighbouring areas...
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