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egNEW DELHI: In a big push to 31,000-MW of electricity generation plants stranded without fuel, the power ministry has proposed a Rs 5,700 crore subsidy to help operationalise idle gas-based capacity, a loan restructuring scheme for such plants and the supply of coal to projects that will be commissioned before March 2015.

 

The proposals will benefit 24,148 MW of gas-based projects and 7,230 MW of plants that run on coal, set up at a total investment of about Rs 1,50,000 crore.

 

An additional 10,930 MW of coal-based plants that will be commissioned before March are also likely to gain. The ministry will approach the Union cabinet with a proposal to pool prices of imported gas and coal with domestic fuels to help stran

defNew Delhi: The NDA government has deferred its decision on the procurement of 16 multi-role helicopters for the Indian Navy as one of the two companies in the race for the deal is linked with Finmeccannica– the parent organisation of the scam-tainted firm AgustaWestalnd.

 

The Defence Acquisition Council headed by Defence Minister Arun Jaitley put off its decision on the procurement of the helicopters for the Navy from vendors including American Sikorsky and European NH Industries, which has Finmeccannica as one of its partners, highly-placed sources said.

 

Finmeccannica is the parent firm of AgustaWestland firm, whose Rs 3,600 crore contract for supplying 12 VVIP choppers to the IAF has been scrapped by the

Israel says it has resumed its raids in Gaza because Palestinians have ignored the 24-hour extension of a humanitarian cease-fire that was requested by the United Nations. The military said Sunday “following Hamas’ incessant rocket fire throughout the humanitarian window, which was agreed upon for the welfare of the civilian population in Gaza, the IDF will now resume its aerial, naval and ground activity in the Gaza […]

Slide Show | Surveying the Damage in Gaza Families returned to their homes during a 12-hour cease-fire on Saturday. By BEN HUBBARD July 26, 2014 BEIT HANOUN, Gaza Strip — Families across the Gaza Strip emerged from shelters and returned to their homes during a 12-hour cease-fire on Saturday to survey the damage to their neighborhoods, collect belongings and help dig bodies from the rubble. As the cease-fire expired […]

Prime Minister Benjamin Netanyahu of Israel has so far not agreed to a broader cease-fire plan. By JODI RUDOREN July 26, 2014 JERUSALEM — Prime Minister Benjamin Netanyahu of Israel is stuck between mounting international outcry over civilian casualties from his assault on the Gaza Strip and intensifying calls at home to finish the job he started. Several of his top ministers are pushing for a full takeover of […]

The European Union reached outline agreement on Friday to impose the first economic sanctions on Russia over its behavior in Ukraine but scaled back their scope to exclude technology for the crucial gas sector. The EU also imposed travel bans and asset freezes on the chiefs of Russia’s FSB security service and foreign intelligence service and a number of other top Russian officials, saying they had helped […]

egThe power sector is one of the biggest concerns in terms of potential non-performing loans of banks given the host of headwinds the sector is facing. About a quarter of banks’ total exposure to the power sector is to the stressed players. Slowdown in the economy, shortage of coal, mounting losses of state electricity boards (SEBs) and non-remunerative tariffs have stymied the sector. The government’s high-level panel to revamp the power sector headed by former power minister Suresh Prabhu will have to address these challenges at the earliest and create a roadmap for the long-term sustainability of the sector.

 

As the gap between demand and supply of coal is increasing, the dependence on imported coal will rise from 150 million tonn

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ogHindustan Petroleum Corporation Limited (HPCL), a major stakeholder in the proposed refinery cum petrochemical complex at Pachpadra, may give in to the Rajasthan government’s demand to increase the state’s share from 26% in HPCL-Rajasthan Refinery Limited (HRRL).

 

Chief minister Vasundhara Raje vowed to renegotiate the terms under which the previous Congress government persuaded HPCL to set up the refinery. In her budget speech, Raje had targeted the conditions in the agreement and termed it as unique and against the interest of the state. She pointed out that despite giving land, interest free loan of Rs 3,736 crore each year (for 15 years) and oil wells, the state controls only 26% while HPCL has stake of 76%.

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defBEIJING: In a sign of expanding military-to-military engagement between India and China, permanent representatives of the Indian Air Force (IAF) and the Navy have, for the first time, taken office in Beijing.

 

Group Captain Ashish Srivastava of the Indian Air Force and Captain Sushant Dam of the Indian Navy will begin their terms as the Air and Naval attachés in the Indian Embassy in Beijing on Friday.

 

Earlier, India only had a Defence attaché from the Indian Army, along with a Deputy Defence attaché, posted in Beijing.

 

The question of expanding India’s military representation had been discussed by both sides over several years, with China finally agreeing to the move this past year. Tr

The extra cost from rerouting hundreds of airliners around Ukrainian airspace, shut down following the downing of a Malaysian Air flight last week, is set to translate into higher ticket prices for passengers. “If you lengthen routes, you use more fuel so it is more costly,” Air France-KLM Group (AF) Chief Executive Officer Alexandre de Juniac said in Paris today. “At the end of the day, we […]

egNEW DELHI: Power plants in India are not importing coal despite global prices of the fuel slumping to decade-low levels. Power generating companies are rather operating at lower capacity on domestic coal that is short in supply, as distribution companies (discoms) are not willing to pay for costly power fuelled by imports.

 

A Mumbai-based trader, who did not wish to be identified, said global prices had fallen to a 10-year low due to weak demand from China that is reducing dependence on imports by encouraging production from own mines.

 

He said prices of 4,200 kcal/kg thermal coal in international markets were hovering around $36.50 per million tonne as against $52 per million tonne two years ago.

 

defBANGALORE: Indigenous military projects such as missiles have shown consistently shorter development cycles over the years thanks to deft planning and handling of the projects, the former DRDO Director-General V.K. Saraswat said on Thursday.

 

Citing the bouquet of missiles that came out of the Integrated Guided Missile Development Programme through 2008, Dr. Saraswat said the later Agni III and V missiles had taken three to five years to develop compared to the earlier ones such as Prithvi that needed around a decade.

 

The former top military scientist was addressing members of the defence and aerospace industry at a conference organised by the SAE India and Project Management Institute.

 

ogMUMBAI: The state-run oil marketing companies (OMCs) plan to revive branded petrol such as IndianOil’s XtraPremium and Bharat Petroleum’s Speed, backed by aggressive marketing, to make the most of a significant excise duty cut announced in the budget.

 

Sales of branded petrol, which contain additives that enhance automobile’s performance, had plummeted in recent years as they became Rs 7-10 per litre more expensive than the regular fuel, forcing companies such as Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation and Bharat Petroleum Corporation (BPCL) to pull out such products from most outlets. But with finance minister Arun Jaitley announcing a cut in central excise duty on branded petrol to Rs

defWhen Finance Minister Arun Jaitley kept the FDI cap in defence at 49 per cent, he said: “Our assessment of the market is that the 49 per cent FDI limit in the sector would be a significant step in establishing domestic defence market. The public opinion and Parliament’s opinion in India is ready to accept the proposal that I have made.”

 

Mr. Jaitley was also in consonance with the policy sentiment that has evolved within the government over many years. As far back as in 2004, key economists argued before the Planning Commission that 100 per cent FDI in high technology would enable India to reduce or limit its technology imports; in 2008, the National Manufacturing Competitiveness Council constituted by former Prime Minister Ma

The head of the Lebanese movement Hezbollah has said opposition to Syrian President Bashar al-Assad has failed, after his victory in presidential elections on Tuesday. Sheikh Hassan Nasrallah, a staunch ally of Assad,  said Syrians had prevented US plans to “confiscate” their will, in a speech broadcast on Hezbollah-affiliated Al Manar TV on Friday. The leader of the armed group, which is heavily involved in Syria’s civil war, […]

Two car bombings against members of an ethnic minority in northern Iraq and militant attacks on Iraqi soldiers and police officers killed at least 27 people on Friday, Iraqi officials said. The bombings struck in Tahrawa, a village inhabited by families from the Shabak ethnic group, killing seven people. The village is near Mosul, 225 miles northwest of Baghdad. Police officials also said that 43 people were […]

DOHA, Qatar — The five hardened Taliban militants were quickly whisked in a fleet of cars to the shoulder of a highway on the outskirts of the capital just as they arrived. There, out of the public eye and under the watchful gaze of Qatari security, they exchanged warm hugs with a welcome delegation and then once more were whisked off into hiding. If Qatar holds to […]

United Arab Emirates, June 2014 – GL Events exhibitions, the organizer of Piscine Middle East exhibition has confirmed the attendance of  2 800 visitors during the second edition of Piscine Middle East held in Abu Dhabi from the 22-24th of April. Most part of these visitors was architects, developers and key buyers specialized in pool and spa industry. The event hosted visitors from 50 different countries. 88% […]

Russian President Vladimir Putin and Ukraine’s president-elect Petro Poroshenko have discussed a ceasefire and other possible steps to de-escalate the crisis between their countries in a brief meeting in France, French officials said. The meeting hosted by French President Francois Hollande, before D-Day celebrations on Friday, took place as clashes continued in eastern Ukraine near a border crossing with Russia, killing at least 15 pro-Russian separatists overnight.   Putin and […]

BEIRUT, Lebanon — The fevered struggle between Saudi Arabia and Iran for regional dominance has for years aggravated nearly every conflict across the Middle East as the two nations armed, funded and encouraged each other’s adversaries. So it has come as a surprise to many here that even with the region still in tumult, there have been signs that both powers are looking to temper their destructive […]

A suicide bomber and a roadside bomb have struck the convoy of Afghanistan’s presidential candidate Abdullah Abdullah as it left a campaign event in the capital Kabul, the Interior Ministry said. Friday’s explosions killed four civilians but left the candidate himself unharmed. In a televised statement shortly after the attack, Abdullah said that several of his security guards had been wounded in the attack. The interior ministry spokesman […]

HE doesn’t live here and doesn’t have a vote but Barak Obama’s decision to throw his weight against the break up of Britain is undoubtedly one of the best bits of news that the opponents of separation could have wished for. There probably won’t be a rash of Better Together stickers in the windows of the White House or in the presidential limousines but his words in […]

Suspected al-Qaida militants have attacked a military checkpoint in southern Yemen, killing at least 14 soldiers. Yemeni security officials say other soldiers were wounded in the attack, which took place on Thursday near a village in Shabwa province. Yemen is the stronghold of al-Qaida in the Arabian Peninsula, one of the terror group’s most active branches. An army spokesman said Thursday that at least 500 al-Qaida militants […]

WASHINGTON — For allies who speak often of their unbreakable bonds and constant communication, this has been a season of static between Jerusalem and Washington. The latest eruption was over the announcement this week that the United States would work with a new Palestinian government that emerged from reconciliation talks with Hamas. Prime Minister Benjamin Netanyahu and other senior Israeli officials have condemned the Obama administration in […]

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