INDIA
J&K LG Sinha, CM Abdullah begin relief measures for victims of Pakistan shelling
While lieutenant governor Sinha went to Uri, chief minister Abdullah drove down to Jammu from Srinagar to assess the damage and reach out to the residents who have borne the brunt of cross-border shelling.
POLITICS
India warns Pakistan of consequences if its infrastructure is targeted
India has beefed up its security for its strategic infrastructure such as power plants and refineries, even as the foreign secretary warned Pakistan against any attack on Indian assets.
BUSINESS
India, EFTA trade deal likely to be operational by September
While, the trade and investment deal between India and EFTA nations was inked on March 10, 2024, it is yet to be implemented given lengthy ratification processes.
BUSINESS
India-UK FTA: India reserves the right to retaliate if UK introduces CBAM, say govt sources
CBAM won’t restrict market access to Indian industries. Besides, some mechanism of being taxed in India before the goods are exported to the UK could also be considered to avoid CBAM, a government official said.
BUSINESS
India-UK FTA: Text to be finalised by 3 months paving way for deal signing
However, given Britain's ratification process the deal may take over a year to become operational, officials said.
POLITICS
Govt approves transmission network for biggest hydropower plant on Indus river system
The approval was notified in a record 40 days. The government usually takes several months to issue such clearances for hydropower projects, a ministry official said.
BUSINESS
Union Cabinet approves revamped coal allocation policy as India plans to expand its thermal power capacity
The revised policy will offer an opportunity to a number of private companies who have won commercial and captive coal mines in the government's auctions to set up thermal power plants in the future.
POLITICS
Operation Sindoor: Hydropower plants, national grid activate crisis management plans
India's national grid is one of the largest unified electricity grids in the world, with an installed generation capacity of 475.211 GW
BUSINESS
India-UK FTA done and dusted but bilateral investment treaty still pending
Talks on BIT are on but inclusion of taxation is a contentious issue. Officials are hopeful of sealing the deal this year
BUSINESS
Double Contribution Convention: Indian workers in UK exempted from paying social security for three years
The decision is likely to ensure savings of around 20 percent in the salaries of Indian workers in the UK, as per estimates of the Ministry of Commerce. It is expected to benefit more than 60,000 employees from IT sector alone. Besides, it will give a Rs.4000 crore competitiveness boost to Indian companies in the UK.
BUSINESS
If EU imposes carbon tax, India will retaliate, says Piyush Goyal
Commerce Minister Goyal refused to clarify if talks around tariff negotiations with the US could be concluded within the 90-day pause period.
BUSINESS
India to commission 2 power projects on Chenab in 2026, contractors summoned
The government has done a review of all under-construction projects in J&K and told contractors that delays are unacceptable, power secretary Pankaj Agarwal has told Moneycontrol
BUSINESS
Flushing of Salal and Baglihar dams reduces water flow to Pakistan, Kishanganga next
Flushing of reservoirs will be a frequent practice now. Many reservoirs in Jammu & Kashmir have accumulated so much sediment that their water storage capacities have reduced by more than 50 percent, impacting power generation.
BUSINESS
Equal focus on tariff and non-tariff barriers in trade talks with EU: Piyush Goyal
European commissioner for trade and economic security Maros Sefcovic said India-EU trade talks are on the right track and that they are making a “solid headway” towards a balanced and mutually beneficial deal.
BUSINESS
India looks at ‘pink hydrogen’ even as green hydrogen mission struggles to keep pace
The central government is toying with the idea of scaling up 'pink hydrogen'—hydrogen produced through nuclear power—in industries as part of its long-term plan for India to achieve net zero emissions by 2070.
BUSINESS
Coal production rises by a modest 3.63 percent in April to cross 81 million tonne
Production from captive and commercial mines in April stood at 14.51 MT, a 26.6 percent rise from 11.46 MT seen in April 2024.
BUSINESS
Green hydrogen producers will have to undergo certification for authenticity of green sources
The companies on whom this mandate will be applicable include Reliance Green Hydrogen and Green Chemicals, L&T Energy Green Tech, Waaree Clean Energy Solutions, JSW Neo Energy, Welspun New Energy and ACME Cleantech Solutions, among others.
POLITICS
Flood threat looms in PoK after India suspends Indus Waters Treaty
India opened floodgates of the Uri dam on April 26, after it suspended routine water data sharing with Pakistan, in the aftermath of the Pahalgam massacre.
INDIA
Turning Off The Tap: Tearing up the Indus treaty won’t bite Pak anytime soon
More than controlling water supply to Pakistan, India needs mega infrastructure on the larger western rivers for its own water consumption and agricultural activities.
BUSINESS
Suspending the Indus Water Treaty stops flow of information, gives India a window to accelerate hydropower projects
Due to the treaty, India's plan to build dams to regulate waters from the western rivers to Pakistan have remained constrained but the latest developments offer a window of opportunity to fast-track projects.
BUSINESS
Power Watch: Daily smart meter installations cross 1-lakh mark, scheme likely to be extend
Launched in June 2021, the Revamped Distribution Sector Scheme aims to improve operational efficiencies and ensure financial sustainability of the power distribution companies
BUSINESS
Pahalgam terror attack comes at a time of mega infra push in J&K, from hospitals to highways
The Union Territory has seen investments grow from Rs 841 crore in 2017-18 to Rs 76,000 crore worth of infrastructure projects underway. J&K is building roads and highways at breakneck speed.
BUSINESS
Gensol Engineering now under EoW lens as lender PFC files complaint
Power Finance Corporation Ltd (PFC) said it is exploring all possible options to recover an outstanding principal amount of Rs 307 crore from Gensol Engineering Ltd.
BUSINESS
Govt looks to triple clearances for pumped hydro storage projects this fiscal
The government is focusing on pumped storage projects (PSPs) as a long-term solution for storing electricity since the use of batteries for longer hours remains unaffordable
