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RBI introduces a ‘Scheme for Sustainable Structuring of Stressed Assets’
- July 19, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, Scheme for Sustainable Structuring of Stressed Assets
No CommentsIn order to further strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track by providing an avenue for reworking the financial structure of entities facing genuine difficulties, the Reserve Bank of India has today issued guidelines on a ‘Scheme for Sustainable Structuring of Stressed Assets’. Resolution of
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Parliament passes the Insolvency and Bankruptcy Code
- July 19, 2016
- Posted by: BiconAdmin
- Categories: Insolvency and Bankruptcy Code 2016, Miscellaneous
11-May-2016 was a historical day for economic reforms in India when the Rajya Sabha passed the major economic reform Bill moved by the Government i.e. ‘Insolvency and Bankruptcy Code, 2016’. This is considered as the biggest economic reform next only to GST. The Lok Sabha had earlier passed the Bill on 5th May, 2016. In
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Solution for water crisis: Air based condenser cooling systems
- May 24, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, Power Sector, Water Audit
In view of the water scarcity being faced by the power plants in the country, the Power Ministry is preparing a national roadmap for setting up water reprocessing facilities, which could marginally increase power tariff. Power plants, especially those located in the hinterland, use huge volumes of fresh water for various applications. Due to drought
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Draft regulations on exchange of ESCerts on the Power Exchanges
- May 22, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, PAT Updates
In line with the powers conferred on CERC to regulate the ESCerts market, these Regulations define the framework of exchange of ESCerts on the Power Exchanges. Request the following drafts of regulations, we will be happy to share it with you, Send Request: Document 1: “Draft Central Electricity Regulatory Commission (Terms and Conditions for Exchange
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Essar asked to cut Debt, find investor
- May 21, 2016
- Posted by: BiconAdmin
- Categories: Debt restructuring, Miscellaneous
The joint lenders forum has directed Essar Steel to speed up the process of issuing an information memorandum for attracting potential investment in the company. Saddled with a debt of ₹40,000 crore, the company recently appointed SBI Capital Markets and ICICI Securities to find strategic investors in the company to reduce its debt. This apart,
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Drinking Water a Crisis: Corporate India’s Opportunity for CSR
- May 21, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, Water Audit
India has been looming under a huge water crisis, across various states. It’s not surprising to see news dailies carrying articles on water crisis like these recently: “76 million in India have no access to safe water: Study“, “Ground zero: No drinking water“, “Latur foretells entire country’s tale” these though make headlines, but the impetus
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Certificate of Origin: Exporters risk being blacklisted when new EU rule kicks in
- May 21, 2016
- Posted by: BiconAdmin
- Categories: Certificate of Origin, Miscellaneous
May have to self-certify origin of goods from 2017 to avail benefits; errors could lead to penalisation Indian exporters enjoying preferential access into the EU market through the Generalised System of Preferences (GSP) scheme face a tough technical challenge. From next year, they may have to self-certify the origin of their goods, instead of accredited
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Government Notifies Plastic Waste Management Rules, 2016
- May 21, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, Waste Management
The Government has notified the Plastic Waste Management Rules, 2016, in suppression of the earlier Plastic Waste (Management and Handling) Rules, 2011. The Minister of State for Environment, Forest and Climate Change, Shri Prakash Javadekar, said here today that the minimum thickness of plastic carry bags has been increased from 40 microns to 50 microns.
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Renewable Energy: It’s relaunch time again for power sector
- May 21, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, Power Sector, Renewable Energy
Supply bottlenecks in coal have lessened. But financial reforms and lack of policy clarity on renewables are concerns India’s power sector is poised for take-off. The Government is setting the stage for the next round of initiatives to move the sector forward. If one goes back to the set of reforms unleashed around 2003 there
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India in grip of severe water crisis; government mulls making demand management a priority
- May 20, 2016
- Posted by: BiconAdmin
- Categories: Miscellaneous, Water Audit
India in grip of severe water crisis; government mulls making demand management a priority: India is in the grip of a water crisis that has been years in the making even as temperatures shoot up to a scorching 46 degrees Celsius. With the situation expected to deteriorate further, the government is planning to make demand