The losses of power distributing firms to the government-owned power generating firms have swelled to a mammoth Rs 15,792 crore at the end of last September while last yearÂ’s government promised loss restructuring package for electricity distribution companies is yet to be realised. The swelled sum is a two-and-a-half times jump over total dues of Rs 6,200 crore three years back in June 2010.
Tag: government-owned
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RBI to sell dollars directly to OMCs to aid falling rupee
To save the falling rupee, the Reserve Bank of India (RBI) will sell dollars to the government-owned oil marketing companies (OMCs) in the counry, said the RBI on August 28. Through a designated bank, the RBI will, with immediate effect, is to sell dollars to Indian Oil Corp (IOC), Hindustan Petroleum Corp (HPCL) and Bharat Petroleum Corp.
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Major ports handle 184.53 mn tonne cargo
The government-owned 12 major ports in the country totally handled 47.38 million tonne cargo in the last July. In the month, the volume of iron ore and containers handled at these ports registered a decline. Major ports register 0.5 per cent growth for April-July period this year against the same period last year. During the period from April-July, the major ports handled 184.53 million tonne of cargo.
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AI to set up hub in Chennai or Blore to garner air traffic
The government-owned carrier Air India has been asked by the the Union Civil Aviation Minister Ajit Singh to develop a hub in South India to target passenger traffic from the states in the region. Air India has to consider setting up a hub in Chennai or Bangalore. It can have its main hub in Delhi, Singh said.