Crypto bill to give power to Sebi, RBI, taxman to scrutinise KYC data of exchanges

The new Cryptocurrency bill is set to empower regulators and government agencies including the Securities and Exchange Board of India (Sebi), Reserve Bank of India (RBI) and the tax department to scrutinise Know Your Customer (KYC) data of investors that crypto exchanges have collected from clients. According to two people aware of the development, the…Continue Reading

RattanIndia Power loss widens to Rs 464 crore in September quarter

The company on Wednesday reported widening of consolidated net loss Topics Rattan India | power companies | Financials In the year-ago period, RattanIndia Power incurred a loss of Rs 461.27 crore, a BSE filing stated RattanIndia Power on Wednesday reported widening of consolidated net loss to Rs 463.95 crore for September quarter 2021-22. In the year-ago period, it incurred…Continue Reading

Power ministry comes out with rules to ensure sustainability of sector

The Ministry of Power on Saturday announced new rules to sustain economic viability of the sector Topics Power ministry | Sustainability The Ministry of Power on Saturday announced new rules to sustain economic viability of the sector, ease financial stress of various stakeholders and ensure timely recovery of costs involved in electricity generation. The ministry notified rules…Continue Reading

Ministry of Power Power Minister calls for enhanced action on energy efficiency by States Shri R.K Singh chairs meeting to review current level of activities in the field of energy efficiency and clean energy transition being implemented by State Agencies Posted On: 22 OCT 2021 8:56PM by PIB Delhi Union Minister for PowerShri R. K.…Continue Reading

Power Crisis: Govt Looks To Revise Coal Stocking Norms For Thermal Plants

In a bid to avert power crisis being triggered in the country due to fuel shortages in the months following monsoon rains, the government proposes revise the coal stocking norms for thermal power plants, based on regular shift stock limits, depending on the actual fuel requirement during a particular period.Sources said that the Central Electricity…Continue Reading

Power ministry says no outage due to power shortage in Delhi

Union power ministry on Wednesday said there was no outage due to power shortage in the national capital amid concerns over coal supplies to power generation units Topics Power ministry | power crisis | Power Cuts Union power ministry on Wednesday said there was no outage due to power shortage in the national capital amid concerns over coal supplies…Continue Reading

Power outages risk to growth, add to retail inflation woes: Nomura

Demand remains strong in India, but there are supply-side headwinds in areas like chips which is bothering the auto sector and coal shortages which threatens to put parts of the country into darkness, a Japanese brokerage said on Monday. With power demand likely to rise amid the continued economic normalisation and upcoming festive sales, supply-side…Continue Reading