POWER MINISTRY
IEX shares plunge over 6% after CERC's latest update on market coupling norms. Check details
Indian Energy Exchange shares dropped significantly on Monday. This followed a draft framework from the Central Electricity Regulatory Commission. Grid India has been named the market coupling operator. This move aims to unify electricity market prices. The framework proposes Grid India will handle price discovery. Power exchanges will submit bids to Grid India. This could impact IEX's dominant market share.
Finance ministry may review MOOWR benefits for battery storage imports
The Finance Ministry is set to discuss customs warehousing benefits for imported battery storage systems. Industry groups have raised concerns about the MOOWR scheme creating an uneven playing field. Consultations with power and renewable energy ministries are planned. The government is examining potential misuse and policy gaps. A decision will align with India's energy security goals.
NGOs lose foreign donation nod for failing to use funds
The Indian government is taking action against non-profits holding unused foreign funds. Registrations are being cancelled for organizations that have not utilized foreign donations received years ago. A new bill aims to further tighten controls, potentially freezing funds and restricting asset management for these entities. This signals a shift towards greater accountability in the non-profit sector.
April peak power demand higher than last year as temperature soars
India's peak power demand surged to nearly 239 GW on April 18, the highest this summer, driven by rising temperatures and increased cooling loads from air conditioners and agriculture. This figure surpasses last year's peak, and with heatwave conditions predicted, further electricity consumption increases are expected, with the power ministry projecting a peak demand of 271 GW this year.
TMC 'betrayed' women, will be punished in Polls: PM Modi in Bengal
Prime Minister Narendra Modi attacked Trinamool and Congress for allegedly conspiring to defeat the Women's Reservation Bill. He addressed rallies in West Bengal's tribal regions, accusing the ruling party of betraying women. Modi promised financial assistance and the creation of Lakhpati Didis if the BJP forms the government, highlighting women's empowerment.
PM Narendra Modi to address nation at 8:30 pm after high-level security, economic reviews
Prime Minister Narendra Modi will address the nation tonight. He chaired high-level meetings focusing on West Asia tensions and domestic preparedness. Discussions covered essential supplies like fuel and food. The government is ensuring adequate stocks for upcoming seasons. Contingency plans are in place to manage potential disruptions.
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Former Bihar BJP leader R K Singh to launch his own party
Former bureaucrat R K Singh is launching a new political party. The party will focus on national and public interest. It aims to unite honest, educated, and caste-free individuals. Bihar politics will be the primary focus. Singh previously served as a Union minister. He left the BJP after being suspended.
Narendra Modi chairs key CCS, Cabinet meetings in Parliament
Prime Minister Narendra Modi led a crucial cabinet meeting in New Delhi. Discussions focused on economic affairs and security measures. The government reviewed steps to ensure the availability of essential goods like petroleum products, fertilizers, and electricity. The impact of the West Asia conflict on India's economy was also assessed.
Indian Army eyes tech-driven future at key biannual Army Commanders’ Conference 2026
Indian Army commanders met to review border security and enhance combat strength. They focused on future readiness, designating 2026 as the year for networking and data centricity. The conference also explored drone technology and indigenous defense production. Lessons from Operation Sindoor guided discussions on operational capabilities. Senior government officials attended the deliberations.
Hormuz blockade stirs tension over Malacca Strait near Singapore
Singapore emphasizes transit rights under international law. Malaysia favors dialogue with Iran. The region's strategic position remains a global focus.
Ancient Egyptian stone monument depicting a Roman emperor as a pharaoh discovered in Luxor
An ancient Egyptian stela, 2,000 years old, was discovered in Luxor. It shows Roman Emperor Tiberius as an Egyptian Pharaoh. This artifact reveals how Roman rulers adopted local customs to maintain power. The stela also details the reconstruction of a temple wall. It is a significant find for understanding cultural exchange and political strategies of the past.
'Please don't hurt sentiments of Nari Shakti': PM Modi ahead of voting on Women's Reservation Bill
Women's Reservation Bill news: Prime Minister Narendra Modi has appealed to all Members of Parliament to vote in favour of the Women's Reservation Bill. The bill aims to provide 33% reservation for women in Parliament. Discussions have been ongoing to address concerns and misconceptions. The Prime Minister emphasized that it is time for women to receive their rightful representation in decision-making processes.
Finland proposes civic knowledge test for citizenship as immigration rules tighten
The Finnish government on Thursday proposed that a test covering knowledge of Finnish society would be required for gaining citizenship, as the country continues to tighten its immigration policy. Several European countries have been implementing stricter immigration policies.
CCI dismisses complaint against Adani Group entities in solar power tender case
India's antitrust regulator has dismissed a complaint against Adani group entities and others. The Competition Commission of India found no initial evidence of anti-competitive practices. This decision relates to a tender awarded by the Solar Energy Corporation of India. The regulator stated that the Adani Group does not appear to hold a dominant position in the power generation market.
Bank of England says it is testing AI risks to financial system
The Bank of England is actively assessing artificial intelligence risks to the financial system. They are conducting simulations and working with global partners to understand AI's impact on trading. This proactive approach aims to address potential market stress. Meanwhile, the Treasury Committee urges faster action on regulating critical AI and cloud firms.
Bihar portfolio allocation: Samrat Choudhary retains 29 departments; Deputy CMs get key sectors
Bihar Chief Minister Samrat Choudhary holds 29 departments including Home and Health. Deputy Chief Minister Vijay Kumar Chaudhary manages 10 departments like Education and Transport. Bijendra Prasad Yadav, another Deputy Chief Minister, oversees eight departments, notably Energy and Finance. This distribution centralises core governance with the Chief Minister while assigning significant development roles to his deputies.
Wholesale inflation rises to a 3-year high of 3.88% in March
India’s wholesale inflation rose to a 38-month high of about 3.9% in March from 2.1% in February, driven by higher prices of crude oil, power and manufactured goods amid the West Asia conflict.
Global funds, Adani, GMR, others in race for NIIF's smart meter business
Global infrastructure investors and domestic smart meter makers are showing strong interest in acquiring IntelliSmart Infrastructure. The company, owned by NIIF and EESL, is expected to be valued at $400 million. This sale aligns with India's ambitious smart meter rollout under the Revamped Distribution Sector Scheme.
Aatmanirbhar 2.0 in works to cushion India against supply chain, energy pain
India had unveiled several targeted interventions during the Covid-19 pandemic to ensure availability of several key products and to reduce dependence on imports as part of the Aatmanirbhar initiative.
Plants built for imported coal being tested for local blends
The trials, covering 10 units with a combined capacity of about 18,000 MW, will determine the extent to which such plants can shift to domestic supplies, people familiar with the matter said. The exercise is evaluating operational feasibility, including the impact on efficiency, combustion and equipment performance.
Weak grid infrastructure, land access, financial barriers for developers slowed PM-KUSUM's progress: Study
India's flagship PM-KUSUM solar program for farmers faces significant challenges. Weak grid infrastructure, funding issues for small developers, land acquisition problems, and low electricity prices hinder its progress. While the scheme aims to boost farmer income and reduce diesel use, only a fraction of its solar capacity target has been achieved.
Coal stock adequate for 90 days available: Union Coal Minister Kishan Reddy
India now holds over 200 million tonnes of coal, enough for 90 days, a significant increase from previous stock levels. The nation achieved one billion tonne coal production for the second consecutive year. The government is actively working to reduce import dependence and boost self-reliance in the minerals sector. Reforms and auctions are driving progress in this vital area.
CAFE-III to kick in from April 2027; Govt unlikely to extend implementation date: Official
New fuel efficiency rules for car makers will take effect from April 1 next year. The government is not planning to extend the deadline for CAFE III standards. Auto companies are discussing the new norms. A high-level meeting is scheduled for April 16 to finalize the rules. The new framework includes flexible compliance and carbon credit trading.
President Murmu, PM Modi pay tribute to Jallianwala Bagh massacre victims on 106th anniversary
The Jallianwala Bagh massacre, which took place on April 13, 1919, remains one of the darkest chapters in India's colonial history. According to the Ministry of Culture, the massacre marked a turning point in India's freedom struggle and is remembered as a symbol of courage and resistance.
FM counters Stalin, denies curbs on paddy incentives
Union Finance Minister Nirmala Sitharaman has dismissed Tamil Nadu Chief Minister MK Stalin's allegations regarding incentives for paddy cultivation. Sitharaman stated that the Union government's communication was a suggestion to states to align bonus policies with national priorities. The aim was to encourage crop diversification. The decision on state bonuses remains with state governments.
After 7 years, work restarts on India-funded Bhutan hydro project
Construction of Bhutan's Punatsangchhu-I hydropower project has restarted after a seven-year halt. India is providing financial support for the 1,200-MW project. Dam work commenced following a ceremony attended by Indian and Bhutanese ministers. The project faced delays due to technical issues and slope stabilization needs.
Induction cooking could raise power demand by 27 GW
Induction cooking will significantly boost power demand. Experts predict an increase of 13 to 27 gigawatts. This new demand will be most noticeable during morning and evening peak hours. The government is also arranging additional gas-based power to meet summer demand. Thermal plants are deferring maintenance to ensure supply.
India defers power plant maintenance to add 10 GW capacity for summer peak demand
India is boosting electricity supply for summer. Maintenance shutdowns at thermal power plants are postponed. This adds 10,000 MW of power. Imported coal plants are running at full capacity. Coal stocks are maintained. India's electricity system remains strong. Installed capacity exceeds 531 GW. Over 22,000 MW will be added in three months.
India to delay maintenance shut down of 10,000 MW coal-fired power capacity to July
India will postpone maintenance on approximately 10,000 megawatts of coal-fired power generation capacity until July. This decision aims to ensure sufficient power supply during the country's peak summer demand. Additionally, around 8,000 megawatts of gas-fired generation capacity is experiencing disruptions. These issues stem from increased fuel costs influenced by the ongoing Iran war.
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