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India to invest Rs 74,000 cr in CO2 emission cutbacks
Coal-based generators plan upgrades, clean tech over 5 years.

RBI says time not ripe for PSB consolidation
Barely a week after the finance ministry officials met leading state-owned banks to push mergers through buyouts of smaller banks, the Reserve Bank of India (RBI) today said the banking system is not yet ready for consolidation.

News of the day

GERC pegs intra-state trading margin upto 4 paise per unit
In order to encourage intra-state power trading business, state power sector regulator Gujarat State Electricity Regulatory Commission (GERC) has proposed an intra-state electricity trading margin of not more than 4 paise per unit.
International Business

TN seeks Rs 461 cr to put rly projects on fast track

The Tamil Nadu government has sought an additional Rs 461 crore from the railway ministry for speedy completion of projects in the state. - TN plans cinema township - World Bank official calls on Tamil Nadu CM - Govt to consider proposal on citizenship to SL Tamil refugees - Sibal urges TN to adopt Navodaya system - Ford inks $500-mn deal with TN govt - Financial city to attract banking, insurance cos In a letter to railway minister Mamata Banerjee, state chief minister M Karunanidhi said several important railway projects were put on hold for lack of funds. The gauge conversion of Mayiladuthurai Karaikudi section via Tiruvarur and Thiruthuraipoondi, and a new line between Nagapattinam and Thiruthuraipoondi via Tirukuvalai are yet to be completed. Similarly, the doubling of track between Chengalpattu and Villupuram needs Rs 77 crore more this year, he said. Lack of funds has also affected laying of a new track between Karur and Salem. Other projects like Tindivanam-Nagari, Athipattu-Puttur, Tindivanam-Tiruvannamalai, Erode-Palani and a new line between Chennai and Cuddalore via Mahabalipuram have been affected due to insufficient funds.


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