CAG had in 2018 report pointed to ‘excess payments of 813 cr’ by TANGEDCO to coal suppliers & alleged irregularities in imported coal procured by PSU between 2013 and 2016.
Global pledge, which aims to triple renewable energy capacity by 2030, also calls for phasedown of 'unabated coal power’. India has previously protested against specific focus on coal.
From 2012-13 to 2021-22, contribution of coal to railways’ revenues increased to just over 47% from 43%. Of total freight revenue of Rs 1.39 lakh crore in 2021-22, Rs 65,856.08 crore was from coal.
While 2022 saw a severe shortage of coal for power production, this year has benefited from higher coal production, unseasonal rains & better coordination between key ministries.
Report by think tank ODI says that of 10 large banks surveyed, only 4 collect information on environmental, social, and governance risks, reaffirms findings of previous research.
The order was related to Tata Power approaching the CERC against the tariff fixed by the power ministry after a forced directive last year to keep operating to avert a power crisis.
The 2 main risks facing the Indian economy in the short term are energy prices & availability and high fertiliser prices, the Finance Minister said at The Brookings Institution in the US Tuesday.
Driving an electric vehicle for months, the Hyundai IONIQ5, BMW iX and now the Kia Carens Clavis electric, has convinced me of the viability of EVs for city and mid-range commutes.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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