-Livemint.com NTPC Ltd plans to procure 2.5 million tonne of biomass pellets as a fuel to generate electricity at its projects NEW DELHI: As part of the Centre’ plan to contain pollution by crop stubble burning, state-run NTPC Ltd plans to procure 2.5 million tonne (mt) of biomass pellets as a fuel to generate electricity at its projects. These pellets will be mixed with coal as fuel to generate electricity. With the onset...
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Will the government's stand on privatisation of public sector units help the economy? -K Bharat Kumar
-The Hindu * What is the push behind the strategic disinvestment move? What are the gains? The story so far: On November 20, the government announced that it would sell stakes in several public sector undertakings (PSUs) and even give up management control in some. The Central government will cede full management control to buyers in the case of oil marketing company Bharat Petroleum Corporation Ltd. (BPCL), Shipping Corporation of India (SCI)...
More »Forty coal importers under the DRI scanner for over-invoicing
-The Hindu Business Line Firms of Adani, Anil Ambani, Essar, JSW Groups and some PSUs being probed NEW DELHI: The Finance Ministry and the Directorate of Revenue Intelligence (DRI) are said to have stepped up investigations into the alleged over-invoicing of coal imports by 40 companies — both in the public and private sector — to the tune of Rs. 35,000 crore. “It is an issue that has been going on for the...
More »Govt to bring in ordinance for auction of coal blocks to private firms
-The Hindustan Times The government plans to put up coal mines for bidding by private steel, power and cement companies and introduce changes in the law to enable commercial mining in the future, signalling its intent to fully open the sector to private players. The new auction-based system will replace the earlier controversial policy of allotting coal blocks based on recommendations of a panel of bureaucrats, which the Supreme Court had struck...
More »Govt panel blames hydro-power plants for deadly Uttarakhand floods-Tommy Wilkes
-Reuters The panel says hydro-power plants has led to the build up of huge volumes of sediment in rivers that is not managed properly New Delhi: Badly managed hydro-power projects in northern India were partly to blame for devastating floods last year that killed thousands of people and caused extensive damage, an environment ministry panel said in a report obtained by Reuters on Tuesday. The panel findings highlight the problem facing India, one...
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