(H.T) The Reserve Bank of India had announced about the changes in online payment rules in 2020. It September this year, it gave online merchants time till the year end to start implementing tokenisation. Accordingly, the banks have been informing their customers. To provide better security to people and make online payments safer, the Reserve Bank of India (RBI) has asked all merchants and payment gateways to remove sensitive customer details and debit and credit cards that is saved on their end. The new rules will come into effect from January 1. After the order from the RBI, the merchants…
Author: Amit Bhanot
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(T.E.T) NSE 0.37 % has planned to have a total renewable energy (RE) capacity of 35 gigawatts (GW) by 2027 and is expected to generate 10 billion units (BU) of green energy in 2022-23, Parliament was informed on Tuesday. “The expected green energy generation by NTPC in the next fiscal year (2022-23) is 10 billion units (BU). NTPC intends to achieve up to 35 GW of renewable energy (RE) capacity by 2027,” Union Power Minister R K Singh said in a written reply to a query in the Rajya Sabha on Tuesday. According to the reply, NTPC has entered into the…
(T.E.T) The government has asked 79 coal-based power plants totalling 20,500-MW near million plus cities in 10 states including Andhra Pradesh, Tamil Nadu, Gujarat and UP to install equipment to curb emission of poisonous sulphur dioxide and nitrogen dioxide gases, by this month end, while 517 others have been given timeline relaxations. According to the revised categorisation of thermal power plants by the Central Pollution Control Board (CPCB), these 79 coal-fired power plants near populated and already polluted cities. Delhi, Chennai, Kota, Greater Mumbai, Nagpur, Visakhapatnam and Vijayawada have been marked in the Category-A of the new norms. The projects…
(T.E.T) Replying to Assam chief minister, Himanta Biswa Sarma, Puri stated please refer to your letter of 23 September 2021 addressed to the Prime Minister of India, regarding capacity expansion of Digboi Refinery, Assam. “Indian Oil Corporation Limited (IOCL) has already initiated action for expansion of its Digboi Refinery from 0.65 Million Metric Tonne Per Annum (MMTPA) to 1.0 MMTPA. The configuration study is expected to be completed by January, 2022 followed by first stage investment approval by March, 2022. IOCL has also taken up the matter for increasing the existing Duliajan – Digboi crude pipeline capacity from 0.65 MMTPA…
(T.E.T) “Haldia Refinery is undertaking shutdown and maintenance of various major units. In the MSQ unit, during shutdown related works, at around 2.50 PM, today an incident occurred. The primary cause seems to be a flash fire leading to burn injuries to 44 persons and 3 persons have unfortunately succumbed to their injuries. The fire has been immediately extinguished and the situation is under control,” the company statement said. The fire tenders were rushed to the spot immediately while the company authority began rescue work, company sources said. However, three workers succumbed to their injuries. However, unofficial sources said that…
(T.E.T) Capital markets regulator Sebi on Tuesday came out with framework pertaining to fees for investment advisory services for accredited investors. Also, the regulator put in place guidelines on exit load charges applicable to the client of the portfolio manager. The Securities and Exchange Board of India (Sebi) in August introduced the concept of “accredited investor” in investment advisers (IA) and portfolio managers rules. In a circular, the regulator said that in case of accredited investors, the limits and modes of fees payable to the IA will be governed through bilaterally negotiated contractual terms In case of large value accredited…
(T.E.T) Captive Power Plants (CPPs) are struggling to retain cost-competitiveness and sustainable industry operations due to the ongoing situation of non-equitable treatment compared to the power sector with regards to coal allocation, coal linkages, railway rakes, materialisation, coal pricing, the Indian Captive Power Producers Association (ICPPA) has said. The non-power sectors are getting coal less than 20% of their quota while paying 20% higher price over the notified coal price. The differential coal pricing for different coal consumers is resulting in the sector paying a premium for the very same commodity, an official statement said. The statement said Coal India…