New Delhi, May 5 (IANS) Pakistan’s economy is under mounting pressure as its total debt and liabilities have surged to Rs 85 trillion over the past four years, which highlights a steep rise in fiscal stress amid limited structural reform, a report has said.A report in The News Pakistan highlighted that the country’s debt and liabilities have increased from around Rs 55 trillion four years ago to Rs 85 trillion at present — an overall jump of nearly 55 per cent. This translates into an avera…
Latest Power Sector News & Updates
New Delhi, April 29 (IANS) Commerce and Industry Minister Piyush Goyal said on Wednesday that India is among the globally best performing countries in climate action and having already achieved its renewable energy target eight years ahead of schedule, the country is now aiming for a 500 GW clean energy capacity by 2030.In his keynote address at the ‘Advancing Resilience with Climate Change’ dialogue here, the minister highlighted India’s strong performance in achieving Intended Nationally…
New Delhi, April 22 (IANS) India’s benchmark Nifty 50 could be in the 28,000–31,000 range by the end of March 2027, implying a 15 per cent to 25 per cent upside from current levels, a report said on Wednesday.The report from investment management firm OmniScience Capital underpinned the outlook on FY27 Nifty 50 earnings per share of Rs 1,280 to Rs 1,320 and projected an earnings growth of 10 per cent–13 per cent.It forecasted a potential re-rating driven by easing geopolitical tensions, mo…
New Delhi, April 7 (IANS) The Reserve Bank of India (RBI) is likely to keep policy rates on pause as liquidity tools will take centre-stage in 2026, even as crude prices sit about 50 per cent above the central bank’s $70 per barrel assumption, a report said on Tuesday.”Current oil prices are 50 per cent above RBI’s assumption of $70/bbl. Despite this, we continue to see a high bar for monetary tightening,” the report from SBI Mutual Funds said.The AMC firm noted metals and mining as sectoral…
Hyderabad, April 1 (IANS) Bharat Rashtra Samithi (BRS) working president K. T. Rama Rao has written a letter to Railways minister Ashwini Vaishnaw, urging the immediate formation of a new Railway Division with headquarters at Kazipet in Telangana. Rama Rao highlighted that the ongoing restructuring within the South Central Railway and operationalisation of the South Coast Railway have placed an excessive operational burden on the Secunderabad Division. As per the latest restructuring data,…
Gandhinagar, March 30 (IANS) Prime Minister Narendra Modi will visit Gujarat on March 31 to inaugurate the Samrat Samprati Museum at Koba Tirth in Gandhinagar, and launch several significant development projects across the state, covering cultural, technological, and infrastructural milestones. Speaking ahead of his visit, the Prime Minister said in a post: “The Samrat Samprati Museum is a testament to the rich legacy of Jainism and India’s civilisational traditions. It will provide visit…
New Delhi, March 20 (IANS) Prime Minister Narendra Modi on Friday said that India is scripting a decisive chapter in the global energy landscape, driven by a strong push towards electrification, clean energy and manufacturing.Prime Minister Modi shared an article written by Minister of State for Power and New and Renewable Energy Shripad Yesso Naik, highlighting the rapid transformation of India’s energy sector.Taking to social media platform X, Prime Minister emphasised that the country’s e…
New Delhi, March 19 (IANS) Prime Minister Narendra Modi on Thursday urged the global investor community to “make, invest, innovate, and scale” in the domestic power sector.In a written message read out by Union Power Secretary Pankaj Aggarwal on the first day of the ‘Bharat Electricity Summit 2026; here, PM Modi said India stands at a defining moment in its energy journey as the world’s fastest-growing major economy.”I invite the global community to make in India, innovate in India, invest in In…
New Delhi, March 8 (IANS) Shripad Yesso Naik, Minister of State for Power and New and Renewable Energy, has emphasised the need to strengthen safety culture at the workplace through consistent use of personal protective equipment, proper shutdown confirmation before undertaking maintenance work, and regular capacity-building and training.Speaking at the ‘Lineman Diwas’ organised by the Central Electricity Authority (CEA), Naik said that the day, observed during National Safety Week, acknowle…
New Delhi, Feb 18 (IANS) Plagued by chronic losses and mounting debt, Pakistan’s state-owned enterprises (SOEs) have for years drained public funds that could have been spent on sectors such as healthcare and education, with frequent equity injections, subsidies, loans and sovereign guarantees reducing the pressure on these entities to fix their inefficiencies and instead of reform, the outcome has been a growing pile of liabilities, a Pakistani media article said.Poor political will, coupled …