A committee had been constituted by the Department of Economic Affairs, under the Chairmanship of Ratan P Watal, former Finance Secretary and Principal Adviser, Niti Aayog, in August 2016 to review medium term measures necessary to promote digital payment systems in the country. This Committee on Digital Payments has recommended structural reforms in the payment ecosystem, including amendments to the Payment and Settlement Systems Act, 2007.
RIL & Adani Group withdraw bid to acquire SKS Power Generation
Ahmednagar to soon have its first solar agri-feeder
Brookfield to Acquire KKR’s 50% Stake in Renewable Developer X-Elio
SCHOTT enters PPA with CleanMax for Wind Solar Hybrid Project
Power Grid Corporation receives 6 Special Purpose Vehicles from REC
Power Finance Corporation to receive Rs 165 cr loan from Japan’s JBIC
Delhi aims to meet annual electricity demand through solar power
BCCL signs 1st MDO contract for coking coal extraction
NTPC REL: Sterling & Wilson Renewable Energy bags order
GAIL and Shell reach an agreement to discuss ethane supply
NTPC commissions green coal plant in Varanasi
Power plants in Delhi fails to adhere to biomass co-firing policy
JSW Steel plans to invest in a virgin coking coal mine
Adani Transmission gets certified as single-use plastic-free firm
Coal India targets 156 MT coal supply to power sector in April-June
NLC establishes green energy joint venture with Assam Discom
GMDC bags 2 coal blocks in Odisha
2,000 MW renewable energy projects to be developed by Onix Group in UP
RBI grants IREDA the status of Infrastructure Finance Corporation
Committees on digital payments submit recommendations
How can ports be put on the fast track to development?
The ports sector has undergone considerable change since the nineties, but reforms and development have taken a backseat. Janaki Krishnamoorthi examines various approaches to boost this crucial sector.
Odisha to pace up Rs 8,000 cr coal corridor
To expedite implementation of 143-km Angul-Chhendipada-Talcher common coal corridor taken up at an investment of Rs 8,000 crore, the Odisha government has announced the formation of an eight-member committee, headed by the State Principal Secretary (Industries) Parag Gupta.
Bimal Jalan committee to finalise bank licences
Former RBI governor Bimal Jalan headed committee will finalise the candidates who will be eligible to run a bank. The committee will also have former ICICI Bank executive director Nachiket Mor, former Securities and Exchange Board of India chairman CB Bhave and former Reserve Bank of India deputy governor Usha Thorat.
Adani told to set up Rs 200 cr green restoration fund
Acting on a recommendation of a committee of environmentalists, the Union Environment Ministry has asked Adani group to create a green restoration fund of Rs 200 crore for repairing the environmental damage done to Mundra in Gujarat. Adani's port and SEZ projects are coming up in Mundra.
Committee set up to improve 1,700 km roads in TN
An empowered committee has been formed to ensure better coordination between various departments for implementing a project to improve 1,700 km of roads across Tamil Nadu in a time-bound manner.
House panel suggests cap on gas pricing
A Parliamentary committee suggested the government to impose a cap on natural gas price once it is linked to the formula proposed by the Rangarajan panel from April 2014. The Parliamentary committee suggested the cap in order to avoid the potential for unlimited gains to local producers owing to an upswing in
Panel suggests govt to conduct due diligence
A Parliamentary panel report shows that the government has not conducted any due diligence before clearing the proposal to hike domestic natural gas price in line with the Rangarajan committee recommendation. According to the report, submitted by the parliamentary standing committee on finance,
Panel head suggests major ports to expand capacity
Sitaram Yechury, who headed the Parliamentary Standing Committee on Transport, Tourism and Culture suggested major ports in the country to invest their surplus funds on modernisation and expansion projects. He said major ports must raise capacity to cater to the projected rise in traffic to 1,229.24 million tonne by the end of the 12th five year Plan from the present level of 545.67 million tonne
Govt subsidy burden may rise due to gas price hike
Even as the union cabinet decided to double the price of domestically produced natural gas to $8.4 per mmbtu from the present $4.2 mmbtu, experts are debating the pros and cons of such a move. Some experts feel that the the move would raise the subsidy burden of the central government. Some reports indicate that the centre's annual subsidy bill will rise by at leas