The Economic Times

Sarita Singh

  • Supreme Court to hear all pleas against AGR dues next week

    Supreme Court to hear all pleas against AGR dues next week

    Sources said the court on Friday agreed to hear the pleas of GAIL India, Power Grid Corporation and Oil India that filed clarificatory applications on Wednesday and Thursday, which was the deadline for the payments. Sources added that RailTel and Delhi Metro Rail Corporation (DMRC) also have filed similar applications.

    Five non-telecom PSUs seek clarity from SC on AGR order

    Five non-telecom PSUs seek clarity from SC on AGR order

    Non-telecom public sector units GAIL India, Power Grid Corporation (PGCIL), Oil India (OIL) and two others are filing separate applications in the Supreme Court for clarification on applicability of its October 24 order on payment of licence fee dues.

    Govt to invite bids for reallocation of subsidy for 2,000 e-buses in February

    Govt to invite bids for reallocation of subsidy for 2,000 e-buses in February

    The government is expected to issue an expression of interest next month under the ongoing second phase of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (Fame India), but it is likely to be open to only state utilities that have awarded tenders or are close to award tenders as per the scheme.

    PSUs to file review petitions over Rs 3 lakh crore telecom dues: Government

    PSUs to file review petitions over Rs 3 lakh crore telecom dues: Government

    “Government companies have a different clause than telecom companies,’’ Mehta told ET, when asked if non-telco PSUs would file review petitions against the order. The October 24 ruling had expanded the scope of adjusted gross revenue (AGR) on which telecom licence holders need to pay the fee to the government.

    Government proposes grant of Rs 1.1 lakh crore for state discoms

    Government proposes grant of Rs 1.1 lakh crore for state discoms

    The government expects to spur about Rs 3 lakh crore of investments in the distribution sector through the latest discom restructuring scheme that it claims to be different from the three previous initiatives. The scheme is likely to come up in the upcoming budget since the previous Ujwal Discom Assurance Yojna is expiring in March.

    Coal auction rules: 4% revenue share, affiliate companies not allowed

    Coal auction rules: 4% revenue share, affiliate companies not allowed

    The companies can sell the coal blocks after they achieve their peak capacity. Also, the successful bidder shall produce coal not below 50% of the scheduled production as per approved mine plan in a year and not less than 70% of the scheduled production in any block for three years.

    No financial and technical yardstick for coal auctions

    No financial and technical yardstick for coal auctions

    “The coal ministry has decided against keeping any entry restrictions based on technical or financial criteria, which means there are not likely to be any net worth requirement for firms. The government will incentivise expeditious coal production by firms than restricting entry to ensure serious players,” a senior coal ministry official said.

    Coal India rejects profiteering allegations

    Coal India rejects profiteering allegations

    ET had on Monday reported allegations made by private power producers that the upcoming coal auctions to stressed power plants was an attempt by Coal India to maximise its profits as a state monopoly by exploiting the plight of fuel-starved projects.

    Two schemes floated to revive stranded gas-based power units

    Two schemes floated to revive stranded gas-based power units

    ​​The schemes include procuring 2,000 MW from gas-based plants through auction and bundling it with an equal capacity of solar power. Another 2,000 MW will be procured through online reverse auction, on a model similar to previous such schemes.

    Amit Shah-led GoM to vet National Tariff Policy

    Amit Shah-led GoM to vet National Tariff Policy

    The draft policy was sent for approval to cabinet secretariat, and later it was referred to the GoM headed by Shah. The draft policy has proposed that any subsidy would have to be given through direct benefit transfer, i.e. directly in the bank account of consumers. Also, cross subsidies on industries would not exceed 20%.

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