Business/Economy
Towards green thermal power - Kota Sriraj, Pioneer
Coal-based thermal power plants are the epitome of pollution. They have come to symbolise the toll extracted by this form of energy generation on the environment. Every form of power generation, whether it is generation efficiency, pollution control, fly ash or wastewater management, all play a crucial role to degrade the environment.
IT looks inward - Business Standard
India's information technology (IT) services industry has traditionally been dominated by exports - but, in the last couple of years, it is the domestic scene which has begun to matter. Exports in the coming financial year (2015-16) have been projected by industry association Nasscom to grow at 12-14 per cent; 13.1 per cent is likely to be achieved in the current year.
Govt to unveil more reforms in new budget, says Sushma Swaraj - Anil K Joseph, Mint
The new Indian government will unveil more reforms in the coming days, including in the forthcoming budget this month to woo foreign investment and make India a manufacturing destination, external affairs minister Sushma Swaraj has said.
Get ready for $10 oil - A. Gary Shilling, Mint
At about $50 a barrel, crude oil prices are down by more than half from their June 2014 peak of $107. They may fall more, perhaps even as low as $10 to $20. Here’s why. US economic growth has averaged 2.3% a year since the recovery started in mid-2009. That’s about half the rate you might expect in a rebound from the deepest recession since the 1930s.
Major technology-driven transformations on cards in road construction - Pioneer
Road construction could undergo major transformation with thrust on technology innovation and use of alternative building materials. The Ministry of Road, Highways and Transport is planning to hold consultations with stakeholders on this issue. “We plan to improve road designing, while also bringing down construction cost, using alternate road building material. So far, new technologies and use of different building material could not receive desired response from project engineers, designers and consultants,” said Vijay Chibber, secretary, MoRTH at a Press conference.
Manufacturers want FM to stop cheap, Chinese steel imports - Animesh Singh, Pioneer
Concerned over growing steel as well as iron ore imports, especially that of Boron-mixed steel from China, which has made a serious dent in the Indian market, domestic steel makers have urged Finance Minister Arun Jaitley to impose higher duties on shipments from abroad as well as implement Quality Control Order to ensure that all imported steel products are duly certified by the Bureau of Indian Standards.
Dassault may abandon $20-bn MMRCA deal - Huma Siddiqui, FE
This is despite the fact that bagging the MMRCA tender, which envisages purchase of 126 aircraft with an option for buying 63 more, is critical for Dassault. Contrary to initial expectations of a quick contract signature, Dassault-MoD negotiations have dragged for over two years.
Logistics the logic behind coal bids - Sumit Jha, FE
Among the seven blocks reserved for the power sector in the first lot of operational mines, three have been put on auction so far and in all cases, the initial process of reverse bidding — which means the bidder quoting the lowest amount as fuel charge will win — has been turned into one of forward bidding with a reserve price of R100 per tonne fixed for the respective state’s revenue serving as the floor.
India to become 'favoured' spot for investment: Piyush Goyal - ET
Addressing the Renewable Energy-Invest 2015: First Renewable Energy Global Investors Meet and Expo here, the minister for power, coal and new and renewable energy sought to project India as a new destination of investment for renewable energy in view of its ambitious renewable energy programme with a target of 15 percent generation by 2020.
Financial sector regulators should also become accountable to Parliament - ET
The FMC, in its present form, lacks teeth, and is also not independent of the executive. Past attempts to raise the FMC to the level of Sebi or the insurance regulator have failed, and we cannot have a regulator that is perpetually overseen by the finance ministry. Also, the notion that commodity trading should be treated differently is misplaced.
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