Infrastructure 08 Sep 2016 by Tojo Jose

MNRE plans to double Solar Park electricity target to 40000 MW

MNRE plans to double Solar Park electricity target to 40000 MW

The Ministry of New and Renewable Energy is planning to double target electricity production from its ace Solar park programme to 40000 MW from the present 20000 MW.   Solar Park Scheme was launched to construct solar parks that can generate electricity between 500 MW and 1000 MW. Speaking at the 10th Renewable Energy India Expo in the capital, Upendra Tripathi, Secretary of MNRE, told that the ministry will seek cabinet approval for scaling up the target. Already, the solar energy target of 100 GW set for 2022 is described as ambitious from the angle of huge investment required. Solar energy potential of the country is estimated at 1000 GW which is four times the present i

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Infrastructure 17 Aug 2016 by Tojo Jose

India to become the second largest internet using market by 2020: NASSCOM

India to become the second largest internet using market by 2020: NASSCOM

Software promotional organization Nasscom predicts that India is going to be the second largest internet using country after China in three years from now. The prediction is for 2020, when the country’s internet users will reach 750 million. As on 2015, there are around 350 mn internet users in the county. The two times increase in the internet using population will be supported by rural penetration. Nearly 75% of the new internet users will come from rural areas where 68% of the country’s population resides. The report titled ‘The Future of Internet in India’ was published by NASSCOM along with Akamai Technologies. At present, China is having the largest

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Macro Economy 17 Aug 2016 by Tojo Jose

A woman fighter who fought into 1.3 bn hearts

A woman fighter who fought into 1.3 bn hearts

There is no joy higher than this, amidst falling hope and the Olympics coming to the closing days, twenty-three-year-old Sakshi Malik from Haryana’s Rohtak saved the pride of this country which holds one sixth of the world population. The bronze she won after making three intense fight is bigger than any gold. Sakshi who holds Haryana’s renowned wrestling heritage is the first women wrestler to win a medal for the country. Her fight reminds us the one made by Yogeswar Dutt in the London Olympics four years ago. In the second of the repchecahge round, the Indian girl was trailing 90 per cent of the match time against Kirgizstan’s Aisuluu Tynybehovk. Her body lang

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Sectors 15 Aug 2016 by Tojo Jose

PM assures that the 5 crore new LPG connections to the poor people will be completed in time

PM assures that the 5 crore new LPG connections to the poor people will be completed in time

Prime Minister Narendra Modi in his Independence Day speech highlighted the achievement of his government in delivering electricity and cooking energy to the deprived.  He has promised time bound delivery of five crore LPG connections to the poor. Already, fifty lakh connections were given in the last 100 days. In the last few years, village electrificaiton is going at rapid pace. "Out of 18,000 villages, more than 10,000 villages have been electrified and I have been told they are with us, watching this celebration of Independence Day." - Modi has elaborated in his speech. On LPG, Government’s target is to give five crore connections in three years. The scheme of Pri

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Infrastructure 13 Aug 2016 by Tojo Jose

SC allows large diesel cars in Delhi subjected a 1% Environment Compensation Charge

SC allows large diesel cars in Delhi subjected a 1% Environment Compensation Charge

In a trend setting verdict on diesel cars and environmental standards, the Supreme Court allowed large diesel cars subjected to the payment of 1% green tax in Delhi. The new verdict will end the ban on cars above 2000 cc imposed by the Court in December last year. The bench also said it is open to extend the tax to small diesel cars as well. The verdict by the SC was based on the appeal by Mercedez Benz – the leader in the large car segment. Over the last one year, the Delhi government was in hard efforts to find ways to check worsening air quality in the National Capital. Practical difficulties were highlighted by the manufactures in their representation at the SC and the

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Infrastructure 09 Aug 2016 by Tojo Jose

Government targets nearly 5 lakh crore from spectrum sale but industry disinterested in large buy

Government targets nearly 5 lakh crore from spectrum sale but industry disinterested in large buy

The Telecom Department has designed the largest spectrum sale in history from September 29 onwards. Around Rs 5.6 lakh crore valued spectrum will be available for option as per valuation in the previous rounds. The auction will be for 3G and 4G bands that include the 700 MHz bands which is very valuable for 4G services. But industry analysts indicate that there may be only muted response from the Telecom players as there may come only gap filling demands from the existing players. Operators who have spectrum deficiency for the supply of 4G and 3G services – idea and Vodafone may use the auction to fill the gap. Large scale demand for the proposed spectrum that the Telecom De

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Infrastructure 29 Jul 2016 by Tojo Jose

UIDAI demands Aadhaar ID encrypted chips in smartphones

UIDAI demands Aadhaar ID encrypted chips in smartphones

The next phase of government service delivery and Aadhaar based identification platforms are going to be mandatory for every smartphone sold in India. In a fresh at the same time, expected move, the Unique Identification Authority of India (UIDAI) told smart phone manufactures to make their phones Aadhaar enabled. A meeting of the CEOs of the smart phone manufactures was convened on Wednesday by the UIDAI for this purpose. Senior executives of Apple, Samsung, Google, Microsoft, Micromax and software developer in the field iSPIRIT have participated in the meeting. The UIDAI plans to instruct smart phone manufactures to insert Aadhaar enabled chips. Once such a step is made, the sm

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Infrastructure 01 Jul 2016 by Tojo Jose

World bank to provide $1 billion for India’s solar energy projects

World bank to provide $1 billion for India’s solar energy projects

The World Bank has offered $1 bn to India’s solar energy projects. This is the largest amount to be given by the international development agency to a member country for financing solar energy projects. An agreement was signed between the visiting World Bank Group President Jim Yong Kim’s and Finance Minister Arun Jaitely and Power Minister Piyush Goyal in New Delhi about the World Bank supported solar energy initiatives. India aims to add 100 GW energy from solar projects by 2022. An international initiative to utilize the potentials of solar energy was made by the country and it hosts the Head Quarters of International Solar Alliance at Gurgaon. The World Bank aid

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Macro Economy 29 Jun 2016 by Tojo Jose

RBI warns external sector risks if commodity cycle reverses

RBI warns external sector risks if commodity cycle reverses

The RBI in its India Financial Stability Report has warned about adverse external sector impact once crude prices starts rising. According to the central bank, faster growth in in oil imports in recent months indicate that import bill will surge once price goes up. Oil prices have shown an uptrend over the last couple of months and projections are that it may settle around $60 per barrel. The report observe that the country’s trade situation is strong because of declining current account deficit. But the potential for a commodity price reversal will bring back pressure on the BoP front. Regarding the financial sector, the IFSR observes that the prevailing trend in bad asse

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Infrastructure 26 Jun 2016 by Tojo Jose

India to seek AIIB funding for smart city and other major infrastructure projects

India to seek AIIB funding for smart city and other major infrastructure projects

After the first annual meeting of the AIIB, Finance Minister Arun Jaitely told that India is expecting $2-3 billion funding from the infrastructural lending institution for financing the country’s infrastructure projects. The new born China sponsored lender – AIIB’s first meeting was held at its headquarters in Beijing. India need around $1000 bn in few years for the development of the infrastructure sector. Prime Minister Modi has just inaugurated the multi-billion Smart City Project in Pune last day. The initial project execution is planned in fourteen selected cities out of the proposed hundred. Though the project is implemented at a cost sharing between cent

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