Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

The Indian government is drafting a new policy in which countries that do not allow Indian investments won’t be able to invest in India either. India is going to adopt a reciprocity policy in power sector too and won’t allow investments from nations that do not allow investments from Indian companies. This means, Chinese companies won’t be able to invest in <keyword id="387470" type="UNKNOWN" weightage="20" keywordseo="Power-transmission">power transmission</keyword> in India as China does not approve of overseas investments in its electricity grid for security reasons but India allows 100% foreign direct investment (FDI) in the power sector. If India bars Chinese companies in investing in power transmission, it will help in protection from cyberattacks because the power sector is increasingly software driven with intelligent technology and control systems being used. In a recent interview, India’s Power Minister <keyword id="6355222" type="PERSON" weightage="20" keywordseo="Piyush-Goyal">Piyush Goyal</keyword> had told ET that India won't allow power companies to invest from countries where Indian firms are banned. "Discussions have already been held with the commerce ministry. There should be reciprocity in trade. Other countries should not be allowed to exploit the Indian market while they protect their domestic players and space,” a government official told ET. Meanwhile, the power ministry is working on a secure management to prevent cyberattacks on the electricity grid. Domestic power equipment manufacturers have said it could also be a threat to national security as electricity distribution systems carry power to pipelines, water systems, telecommunications and other critical infrastructure, while also serving key government and military facilities.

Chinese companies won’t be able to invest in India’s power transmission. Here’s why

India is one of the liberal markets when it comes to Foreign Direct Investment (FDI) but now it is going to end the one-side affair. India’s power sector is not allowing foreign companies to take undue advantage of the liberal policies and has said foreign companies from countries where Indian companies are banned cannot invest in India. Putting end to the one-sided gains, India’s Power Minister <keyword id="6355222" type="PERSON" weightage="20" keywordseo="Piyush-Goyal">Piyush Goyal</keyword> said foreign firms from countries that do not allow Indian companies to invest and make money in their markets won’t be allowed. "Reciprocity will be the rule. Either they open up for us, or we close down for them. India is not a market to be exploited and enjoyed when you protect your own market. Countries that do not allow our companies, we will not allow their companies," Goyal told ET in an interview. "You have to be strong. You have to have courage of conviction. Fortunately, that's something Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> doesn't lack." India offers a huge potential to investors in the power sector. Meanwhile, Goyal also rubbished reports claims by few experts that electricity generated from wind and sun was a threat to grid stability and a problem for thermal power stations. "A country that makes 1,200 billion units, what is 20 billion units? Can you call it the cause of the problems that the thermal sector or any other sector is having? So it's all excuses and it's a naysayer philosophy - whatever good is happening, criticise it," Goyal told ET. Goyal also spoke about future of <keyword id="6358835" type="UNKNOWN" weightage="20" keywordseo="Electric-cars">electric cars</keyword> in India. "I suspect that by 2030 we should be able to start selling electric cars across the board and I believe these cars will not only be more efficient, they will also be much cheaper to operate," Goyal said.

India says no more one-sided gains; won’t allow power companies to invest from countries where Indian firms are banned

India’s <a href="http://www.businessinsider.in/yourmoney/your-money/india-fmcg-sector-has-lost-rs3840-crore-last-month-thanks-to-demonetization/articleshow/56155564.cms">FMCG industry </a>has emerged as the highest paying industry in the country, with an average annual CTC of Rs 11.3 lakh across all levels and functions. 
 
As per a survey, the industry actively seeks qualified personnel in sales, marketing and supply chain management, and around 30% of jobs being posted are over 10 lakh category; this makes for the primary reason behind <a href="http://www.businessinsider.in/small-business/fmcgs-are-banking-on-better-consumption-post-note-ban-start-hiring/articleshow/56663012.cms">FMCG </a>industry’s victory. 
 
Also read: <a href="http://www.businessinsider.in/FMCG-products-with-gold-in-their-names/articleshow/53298776.cms">Indians are so fond of gold that they don’t mind shelling extra money for FMCG products with ‘gold’ in their names</a> 
 
Next in the line are the power and <a href="http://www.businessinsider.in/careers/IT-employees-need-to-upgrade-to-avoid-being-washed-up-by-digital-wave/articleshow/50011834.cms">IT </a>sectors, with average annual salaries of Rs 9.8 lakh and Rs 9.3 lakh, respectively. 
 
This was revealed by the 2017 Salary Trends Study released by Randstad. 
 
Also read: <a href="http://www.businessinsider.in/Google-the-most-attractive-employer-in-India/articleshow/47026889.cms">Google is the 'most attractive employer in India'</a> 
 
The fourth and fifth positions are taken by Pharma and healthcare (Rs 8.8 lakh) and telecom (Rs 8.7 lakh). 
 
"Today employers are cognizant of the fact that the right salary structure is one of the key strategies to attract, engage and retain top talent in the organisation and hence it is important to closely analyse the prevalent salary trends and make course corrections wherever necessary," said Moorthy K Uppaluri, MD &amp; CEO, Randstad India. 
 
Talking of location-specific salary trends, Bangalore tops the list to become the highest paying city in the country, with an average annual CTC of Rs 14.6 lakh across all levels and functions. 
 
Second position is grabbed by Mumbai (Rs 14.2 lakh) followed by Hyderabad (Rs 13.6 lakh) and NCR (Rs 13.5 lakh). 
 
Next in the list are Chennai (Rs 13.4 lakh), Pune (Rs 13.2 lakh), and Kolkata (Rs 11.4 lakh). 
 
Talking of jobs in demand across industries in the 6-10 years experience bracket, Core Java professionals emerged as the winners with an average annual CTC of Rs 18.06 lakh, followed by Digital Marketing professionals (Rs 17.09 lakh) and Testing Automation Engineers (Rs 14.67 lakh). 
 
For the survey, Randstad analysed around 1 lakh jobs across 20 industry verticals and 15 core functions. 
 
(Image source The Indian Talks)

Survey reveals FMCG to be India’s highest paying industry

The <keyword id="6354484" type="PERSON" weightage="20" keywordseo="Donald-Trump">Donald Trump</keyword> administration might approve major <keyword id="4348203" type="UNKNOWN" weightage="20" keywordseo="export-of-natural-gas">export of natural gas</keyword> to energy-hungry India, said a senior <keyword id="6354458" type="COUNTRY" weightage="20" keywordseo="US">US</keyword> official, adding that <keyword id="85896" type="ORGANIZATION" weightage="20" keywordseo="Energy-Sector">energy sector</keyword> could be a major area of bilateral co-operation <a href="http://www.businessinsider.in/India-US-ties-will-foster-after-Obama-too-new-US-President-may-meet-PM-Modi-within-100-days/articleshow/54826916.cms">between the two democracies</a>. 
 
The comments have come in right before US President Donald Trump is set to sign an executive order which would wipe out ex President Obama’s climate change legacy. 
 
Also read: <a href="http://www.businessinsider.in/trump-congratulates-modi-on-assembly-polls-success/articleshow/57868045.cms">Trump congratulates Modi on assembly polls success</a> 
 
The Trump administration is yet to take a decision on the Paris Agreement on climate change, as well as several co-operations that the US has been doing with other countries including India regarding clean energy and climate change issues. 
 
Also read: <a href="http://www.businessinsider.in/donald-trump-to-take-forward-obamas-move-will-back-indias-nsg-bid/articleshow/57683393.cms">Donald Trump to take forward Obama’s move, will back India's NSG bid</a> 
 
It was during his visit to the US that India’s Minister of State for Petroleum and Natural Gas Dharmendra Pradhan had discussed the possibility of importing LNG from the US with new Energy Secretary Rick Perry. They also talked about Indian investment in the US energy sector, while mentioning the energy cooperation between India and the US. 
 
Also read: <a href="http://www.businessinsider.in/us-just-made-changes-to-its-export-control-laws-and-this-is-going-to-benefit-india-to-build-military-items/articleshow/57018940.cms">US just made changes to its export control laws and this is going to benefit India to build military items</a> 
 
Perry had said that co-operation in the energy sector between these two countries would benefit both India and the US, given that India's <a href="http://www.businessinsider.in/Licensing-policy-HELP-is-going-to-change-the-game-in-Indias-oil-and-gas-sector/articleshow/52685017.cms">energy need</a> will rapidly rise as the <a href="http://www.businessinsider.in/markets/economy/india-ratings-pegs-economy-to-grow-at-7-4-in-fy18/articleshow/57149878.cms">economy expands</a>. 
 
(Image source: TheWire)

‘Energy-hungry’ India might be able to import natural gas from the US

<ul><li>The <keyword id="6354335" type="ORGANIZATION" weightage="20" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword> gave banks until 27 August to finalise a resolution plan for 70 stressed accounts worth more than ₹20 billion each. </li><li>Now that the deadline has expired, insolvency proceedings will be initiated against all accounts that do not have an adequate resolution plan. </li><li>There is, however, one slight roadblock to the plan. The Indian <keyword id="26362" type="ORGANIZATION" weightage="20" keywordseo="Government">government</keyword> wants to protect power producers, which comprise a bulk of the stressed accounts, from <keyword id="43550" type="EVENT" weightage="20" keywordseo="Bankruptcy">bankruptcy</keyword> proceedings. </li></ul>In a circular released <a href="https://www.rbi.org.in/Scripts/BS_CircularIndexDisplay.aspx?Id=11218">in February 2018</a>, the Reserve Bank of India gave India’s banks a total of 180 days, starting on 1 March, to finalise a resolution plan for all non-performing loans in excess of ₹20 billion, barring which the debtors would undergo bankruptcy. This equated to ₹3.8 trillion worth of <keyword id="142154" type="PERSON" weightage="20" keywordseo="bad-loans">bad loans</keyword> extended to around 40 companies. The goal of the circular was to accelerate the resolution process of non-performing accounts by setting a timeline. And now that the 27 August deadline imposed on banks has expired, insolvency proceedings will have to be initiated against all accounts that do not have a resolution plan - something that banks would have wished to avoid because they cede control of the resolution process to the National Company Law Tribunal (<keyword id="6355809" type="UNKNOWN" weightage="20" keywordseo="nclt">NCLT</keyword>), a bankruptcy court, and are forced to take a huge discount on their claims. Within the next 15 days, the fate of a number of accounts will be decided. Two bankers told <a href="https://www.livemint.com/Industry/GU33HB0HpQr2GAazBEBcDJ/RBI-deadline-over-20-new-NPA-accounts-to-go-to-NCLT.html">Mint</a> that Indian banks will refer 20 out of a possible 32 accounts to the NCLT for resolution. The remaining bad loan accounts will likely undergo a private restructuring or liquidation process. The accounts that are set to be transferred to the NCLT include Essar Power, BRG Iron and Steel and Jindal Thermal India Ltd. Stressed power accounts There is, however, one slight roadblock to the plan, specifically in relation to the non-performing loans of power companies. On August 27th, The Allahabad High Court decided against ordering a pause on all resolution proceedings against power companies after they filed a petition to seek relief from the resolution deadline. The power producers now have the option of escalating the issue to the Supreme Court. The move has important implications for the entire bad loan resolution process, since the stressed <keyword id="6385673" type="UNKNOWN" weightage="20" keywordseo="power-sector">power sector</keyword> is estimated to account for ₹1.5 trillion worth of non-performing accounts. The Indian government faces a tough decision in this regard. On one hand, it needs to clean up the banking sector. On the other, it is hesitant about letting power companies undergo resolution or liquidation prematurely because this could cripple the sector if proceedings were to fail because of low investor interest. Additionally, the government needs these companies to maintain normal operations in anticipation of a pickup in electricity demand as well as for the sake of the progress of public electrification schemes like Saubhagya. It’s a tricky conundrum, sure, and one that requires a firm hand. As things stand, the government will likely invoke a provision under the RBI Act that allows it to give the RBI special directions that are “in the interest of the public”. It will try and give power producers a short-term breather from bankruptcy proceedings as a precursor to a larger resolution plan for the sector.

RBI’s deadline for Indian banks to resolve ₹3.8 trillion worth of bad loans has expired. What's next?

New Delhi, Feb 25 () Critical personal data of the people must be kept within the country, Niti Aayog CEO Amitabh Kant said here on Tuesday.The statement comes in the backdrop of India mandating global technology giants including Mastercard and Visa to comply with the data localisation norms in the public interest. Data localisation requires data about residents be collected, processed, and stored inside the country, often before being transferred internationally, and usually transferred only after meeting local privacy or data protection laws."On cross border data, I am quite clear that...there is vast amount of data and critical personal data must be kept within the country. I am a great believer that the personalised critical human data definitely must be kept within the country," he said.Kant also said that the government is in the process of creating a portal to share data on public platform for public use as India generates a huge amount of data."India has a vast amount of data. Niti Aayog is working on a portal to put this data in an anonymous manner in public domain so that the people across the sectors can utilise it," he said at the US-India Forum organised by industry body FICCI and supported by the central government.India has over 2,000 startups working in artificial intelligence and machine learning and the start-ups can't be starved of the data. "There is a need to create an economic framework for data pooling as a business resource in a responsible manner. It is not possible for India to grow rapidly at high rates without a technological leapfrogging in many areas of growth. India has to get into sunrise areas of the industry, and I believe India can radically change the landscape of electric mobility," said Kant.The Niti Aayog CEO said India offers the size and scale to do innovations across health and education among other sectors. India has a scale of data that no other country can offer. "Indians are going to use data to a greater size and scale as we are the only country in the world which has a varied bank of biometrics," he added.Aruna Sundararajan, former telecom secretary, said: "We must open up and enlarge the regulatory sandboxes in every area and have a full play for innovations."In a separate session on Advancing US-India Energy Cooperation, ReNew Power Chairman and Managing Director Sumant Sinha said there is a need for structural reforms in the power sector.The most important thing that needs to be looked at is that renewable energy is subset of power sector, he said, adding unless some structural reforms in the power sector are done, there will be problems in all parts of value chain in power sector including renewables. "We have state power distribution companies which are in poor financial health. If the health of discoms does not improve then fundamentally we will not have healthy power sector. It is not just renewables but also thermal power generating companies (which are affected due to discoms non-payment)," Sinha said.He also talked about issues such as land acquisition, local connectivity which need to be sorted out to give boost to power sector in the country. KPM KKS MKJ

Critical personal data must be kept within country: Niti CEO

<keyword id="478037" type="ORGANIZATION" weightage="80" keywordseo="Power-Grid-Corporation-of-India-Ltd">Power Grid Corporation of India Ltd</keyword> (<keyword id="197484" type="ORGANIZATION" weightage="80" keywordseo="PGCIL">PGCIL</keyword>), an Indian state-owned company headquartered in Gurgaon, Haryana, will invest Rs 5,800 crore for upgrading its network in Gujarat over the next three to four years, said a top official.
 "Power Grid will invest Rs 5,800 crore in Gujarat to increase the number of <keyword id="624094" type="UNKNOWN" weightage="80" keywordseo="extra-high-voltage">Extra High Voltage</keyword> (EHV) substations to 12 from the existing five,” DK Singh, executive director of PGCIL, said. 

	"It will also be used for increasing the transmission capacity to 19,000 mega volt ampere (MVA) from the existing 4,000 MVA. The transmission lines shall be expanded to 7,575 kms in Gujarat from the existing 5,610 kms," he said.
 Discussing about the country-level projects, Singh said that 11 <keyword id="2388774" type="UNKNOWN" weightage="80" keywordseo="High-Capacity-Power-Transmission-Corridors">High Capacity Power Transmission Corridors</keyword> (HCPTCs) are coming up in resource-rich states like Chhattisgarh, Odisha, Madhya Pradesh, Sikkim, Jharkhand, Tamil Nadu and Andhra Pradesh at an estimated cost of Rs 66,000 crore. These have been planned to meet bulk power evacuation requirement of various independent power producers (IPPs) across India, he added. The official also expressed confidence that the <keyword id="65314" type="ORGANIZATION" weightage="80" keywordseo="Indian-power-sector">Indian power sector</keyword> will flourish with the formation of 'One Nation-One Grid' system. 

	However, the major areas of concern in development of transmission network in the country are minimising impact on natural resources, coordinated development of cost effective transmission corridor and flexibility in enhancing transfer capacity of lines matching with power transfer requirement, he added. 
	(Image: Wikipedia)

Power Grid To Invest Rs 5,800 Crore To Upgrade Its Networks In Gujarat

<ul><li>The <keyword id="44011" type="CITY" weightage="20" keywordseo="power">power</keyword> sector roughly constitutes 20% of all the bad loans on the balance sheets of Indian banks. </li><li>While the resolution of stressed power assets is an urgent priority, the government is also preparing <keyword id="6447217" type="UNKNOWN" weightage="20" keywordseo="reforms">reforms</keyword> to ensure the long-term viability of the sector. </li><li>These include the implementation of a <keyword id="6357205" type="UNKNOWN" weightage="20" keywordseo="direct-benefit-transfer">direct benefit transfer</keyword> scheme for consumer subsidies and the separation of production and distribution operations of power companies. </li></ul>Much has been made of the growing pile of non-performing assets emanating from India’s power sector. A number of power companies such as Jindal India Thermal Power and Lanco Anpara are expected to be referred to insolvency courts following the expiry of a deadline for the resolution of ₹1.7 trillion worth of bad loans from the sector. This is roughly 20% of all the bad loans on the balance sheets of India’s banks. Recognising the problems that are unique to the power sector - like a liquidity crunch and a dearth of power-purchase agreements - and the need to ensure these coal-fuelled projects don’t undergo liquidation, the Indian government is planning to establish <a href="https://www.livemint.com/Industry/H2ttLugifLjwv91QYdnPFM/REC-to-seek-central-banks-nod-for-Pariwartan-ARC.html">an asset reconstruction company</a> (ARC) to resolve stressed power assets. Under its Pariwartan scheme, the state-owned Rural Electrification Corp will set up the ARC to clean up the sector in anticipation of a future revival in demand. Bigger reforms in the works However, the power sector’s problems go well beyond bad loans. While the resolution of bad loans is an urgent priority, the Indian government is also planning to implement a series of reforms to ensure the long-term viability of the sector and its participants. A number of amendments to the Electricity Act of 2003 are in the works. First, the government is looking to establish a direct benefit transfer (DBT) scheme for the targeted distribution of subsidies. The reason power producers and distribution companies are racking up so much debt is because state governments aren’t being able to allocate subsidies to consumers efficiently. A DBT will see the subsidy amount deposited in the bank account of a consumer. Second, the government is also looking to mandate the separation of production and supply operations of power companies, which means that power producers will not supply the electricity they generate. This reduces the complexity of operations and also gives consumers greater choice. Third, it also plans to exempt <keyword id="34553" type="ORGANIZATION" weightage="20" keywordseo="renewable-energy">renewable energy</keyword> producers from licensing requirements in order to encourage thermal power generators to diversify their operations. Finally, payments security protocols are being devised for agreements between producers and distributors to prevent non-payment of dues. The reforms will be a much-needed step. In order to prevent any future pile-up in bad loans, the government needs to improve the supporting <keyword id="17408" type="DOMAIN" weightage="20" keywordseo="infrastructure">infrastructure</keyword> and legislation for the power sector so that projects are capable of generating revenue.

Indian government is planning a package of reforms for the power sector

Kolkata, Feb 27 () Coal India's dry fuel supply tothe non-power sector had expanded by 4.4 per cent till Januaryof the current fiscal in contrast to a decline of 6.8 per centto the power sector for the same period.The muted demand from power plants and sufficientstock of coal had resulted in lower demand.To combat the slowdown in sale, CIL was channelisingmore coal to the non-power sector."CIL's supplies to non-power sector registered agrowth of 4.4 per cent at 95.45 million tonne in the April-January period of FY20," a senior Coal India official said onThursday.CIL's coal supply to the power sector registered adecline of 6.8 per cent to 377.86 million tonnes in theApril-January period of the ongoing fiscal.CIL has allocated more rakes to supply to non-powerconsumers and liquidated over 82 per cent of its "arrearrakes" during the ongoing fiscal, the official said.These backlog rakes for CIL pertains to 2017-18and 2018-19.The combined coal stock, at CIL's own pitheads and atcoal linkage based thermal power plants of the country, standsat a comfortable 78.25 million tonnes.Coal stock at power plants increased to a decade highof 36.36 million tonne as of February 24, an average 20 daystock.Coal stocks at pitheads stood at 41.63 milion tonne tomeet the power sector's supplies when the demand picks up. BSMNN NN

You Searched For "power sector india" and got 9 results

Chinese companies won’t be able to invest in India’s power transmission. Here’s why

BI India Bureau

India says no more one-sided gains; won’t allow power companies to invest from countries where Indian firms are banned

BI India Bureau

Survey reveals FMCG to be India’s highest paying industry

‘Energy-hungry’ India might be able to import natural gas from the US

BI India Bureau

RBI’s deadline for Indian banks to resolve ₹3.8 trillion worth of bad loans has expired. What's next?

Dilsher Dhillon

Critical personal data must be kept within country: Niti CEO

PTI

Power Grid To Invest Rs 5,800 Crore To Upgrade Its Networks In Gujarat

BI India Bureau

Indian government is planning a package of reforms for the power sector

Dilsher Dhillon

CIL''s non-power supply grows 4.4 pc till January

PTI

Popular Keywords

Buying Guides