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Category Archives: Banking & Finance

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CECA conclusion soon, says Iswaran

India wants more professionals and banks in Singapore India and Singapore “should be able to conclude” a review of the Comprehensive Economic Cooperation Agreement (CECA) soon, as New Delhi seeks greater access to Singapore for its professionals and banks.

Azure signs 130MW solar project

Solar plant to be commissioned in 2019 Azure Power (NYSE:AZRE) has won a 130 MW solar power project which was recently auctioned by Maharashtra State Electricity Distribution Company Limited (MSEDCL), which supplies electricity to 22 million consumers in Maharashtra and was declared as a load

Singapore-Maharashtra to work on Pune developments

Surbana Jurong to do Pune masterplan Singapore and Maharashtra has agreed to jointly work on the masterplan and undertake urban infrastructure developments in the Pune Metropolitan Region (PMR) and collaborate in the development of the Pune Airport.

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Funding scheme bio refineries

Biofuels policy based on ethanol approved   The Union Cabinet has approved National Policy on Biofuels 2018 with likely funding schemes for bio refineries and setting up of supply chain mechanism.

IPP coal rationalization plan approved

Task force works on coal cost control A task force has worked out mechanism to reduce landed price of coal, leading to savings in cost of power generated and reduce transportation cost.

Call for think-tank of developments in NER

NER’s rich in water resources Prof. Sachin Chaturvedi, Director General, Research and Information System for Developing Countries (RIS) has recommended a think-tank on the North Eastern Region (NER) at the Central Government level.

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NALCO works on challenging targets

Alumina production target at 2.1 million tons National Aluminium Company Limited (NALCO) has set a challenging capital expenditure (CAPEX) target of Rs.1,100 crore for the year 2018-19 with projects like the one million tonne 5th stream of refinery.

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MNRE’s National Wind-solar Hybrid Policy

Framework for large wind-solar system Ministry of New and Renewable Energy has issued National Wind-Solar Hybrid Policy on 14 May 2018. The objective of the policy is to provide a framework for promotion of large grid connected wind-solar PV hybrid system for efficient utilization of transmission