Hyderabad: The Opposition in Andhra Pradesh has been accusing the state government of mismanagement as the state reels under power crisis. The question that remains to be answered is as to why the state is facing its worse energy crisis in 40 years despite crores being spent on setting up power plants. In spite of an installed capacity of 3,800 Megawatts, Andhra Pradesh produces just 500 Megawatts, buying power for...
08:50 AM, Apr 18, 2013
Hyderabad: In several districts Andhra Pradesh, the state government has not been able to keep its big promise of 7 hours of free power to farmers, pushing desperate farmers to take matters into their own hands, often with tragic consequences. Chief Minister Kiran Reddy's claim seems far fetched with Andhra Pradesh facing an acute power crisis. CNN-IBN travelled to Medak, where seven hours of free power is a myth, claim...
12:35 PM, Apr 17, 2013
Mumbai: The rupee on Wednesday gained 24 paise to trade at fresh one-month high of 53.90 in early trade at the Interbank Foreign Exchange market on dollar selling by exporters and increased capital inflows. Forex dealers said strengthening of euro, which reached its best level since February, against the dollar overseas and higher opening in the domestic equity market, also supported the rupee. The local currency had gained 48 paise...
10:19 AM, Apr 17, 2013
Mumbai: Banks will continue to sell pledged shares of Kingfisher Airline and invoke all other securities till they get back the dues, SBI Chairman Pratip Chaudhuri said on Tuesday. State Bank of India is the leader of consortium of lenders to grounded airline Kingfisher. "We have given instructions to recover and enforce all the securities. Our intention is to sell everything...all means of recovery (will be employed)...nothing would escape. Till...
10:16 PM, Apr 16, 2013
Jeedimetla: Andhra Pradesh is reeling under its worst power crisis, and bearing the brunt of it are small and medium scale industries, which are losing 70 per cent of their revenues due to lack of electricity. Several industries are now standing on the brink of shutting down. Once a bustling industrial town, Jeedimetla now wears a grim look. Andhra Pradesh's power crisis had brought small and medium scale industries to...
09:45 AM, Apr 15, 2013
New Delhi: With water crisis during peak summer months looming large, the Delhi government has asked 35 five-star hotels to take immediate steps to cut down their consumption and directed them to set up waste water treatment plants. Identifying the five-star hotels as major guzzlers of water, the government has directed them to take a number of "concrete steps" by June to conserve water and install waste water treatment plants...
08:56 AM, Apr 15, 2013
New Delhi: After remaining grounded for over six months, Kingfisher Airlines on Wednesday sought regulatory approvals to relaunch its operations and submitted plans to the DGCA on infusion of funds and revival of its flights. "We have shared the funding and traffic plans. The initial funding to restart the airline will come from the (parent UB) Group. We have also requested that our (flying) licence be renewed," the airline's CEO...
06:27 PM, Apr 10, 2013
Berlin: A series of bilateral ministerial meetings will set the stage for the second inter-governmental consultations at the Cabinet level between India and Germany, which gets under way here on Wednesday. German Foreign Minister Guido Westerwelle will receive India's External Affairs Minister Salman Khurshid for an exchange of views before the Cabinet ministers from both sides hold their first joint meeting in this country, government sources said. Rising tension on...
12:40 PM, Apr 10, 2013
In 'Accidental India: A History of the Nation's Passage through Crisis and Change', noted journalist-analyst, Shankkar Aiyar, examines India's ascent through the paradigm of seven game changers: the economic liberalization of 1991, the Green Revolution of the sixties, the nationalization of banks in 1969, Operation Flood in the seventies, the mid-day meal scheme of 1982, the software revolution of the nineties, and the passing of the Right to Information Act...
03:27 PM, Apr 09, 2013
New Delhi: India wants to be part of the solution and not part of the problem in Afghanistan though there are some quarters who view New Delhi as the latter, said External Affairs Minister Salman Khurshid on Monday. "India has not and must not be a bystander and aloof of what is happening in Afghanistan," Khurshid said, giving a talk on the release of a report on Afghanistan. "What is...
06:40 AM, Apr 09, 2013
Two days before the season six of the Indian Premier League begins, Kingfisher airlines employees have planned to stage a protest on Monday. Many of them are planning to hold a protest outside the Delhi residence of cricketer Virat Kohli. ...
12:58 PM, Apr 01, 2013
Ignoring opposition protests and despite an unprecedented electricity shortage, Andhra Pradesh government on Saturday hiked the electricity tariff by about 15 per cent, imposing over Rs 6,000 crore burden on people. ...
02:10 PM, Mar 31, 2013
Political protests, indefinite hunger strikes and fierce debates in the state assembly, Andhra Pradesh's opposition parties have trained all their guns at the Chief Minister, accusing him of mismanaging the deepening power crisis in the state. Proving seven hours of free electricity to farmers and reducing tariff burden on consumers, however, remain their key demands. ...
01:02 PM, Mar 31, 2013
Major depositors in Cyprus's biggest bank will lose around 60 per cent of savings over 100,000 euros, its central bank confirmed on Saturday, sharpening the terms of a bailout that has shaken European banks but saved the island from bankruptcy. ...
04:08 AM, Mar 31, 2013
Shortage of fuel - both gas and coal - was the only reason for the growing electricity scarcity in the country, particularly in the south, Central Electricity Authority Chairman AS Bakshi said in Hyderabad on Saturday. "Coal shortage will continue for at least 3-4 years though we have adequate reserves. Domestic coal supply to power generating stations has increased by eight per cent in 2013, but still there will be...
02:30 AM, Mar 31, 2013
Union Steel Minister Beni Prasad Verma has fired a fresh salvo against Samajwadi Party chief Mulayam Singh Yadav. Beni has now said that the SP won't get more than four seats in the 2014 Lok Sabha elections. ...
09:30 AM, Mar 30, 2013
Samajwadi Party chief Mulayam Singh Yadav has ruled out withdrawing support to the UPA for now. Speaking to Network 18, he slammed the Congress for misusing the CBI and Income Tax authorities to coerce allies. Mulayam Singh also told IBN's Prabhu Chawla that general elections will be held before the end of 2013, possibly in November. ...
03:19 PM, Mar 29, 2013
Samajwadi Party chief Mulayam Singh Yadav has made it clear that he won't withdraw support to the UPA government as he cannot support 'communal parties', but added that the Congress itself will go for elections this year itself. Speaking exclusively to Network 18, Mulayam said, "We don't want the Bharatiya Janata Party and their allies to bring the government down. Why should we bring the government down for eight to...
01:01 PM, Mar 29, 2013
Prime Minister Manmohan Singh, who returned from the BRICS Summit on Thursday, has said that reforms are the top priority of the government, but admitted that it cannot be done without the goodwill of its allies. "Reforms certainly have to take into account the fact that we don't have majority in Parliament to approve some of our reforms. So we are certainly dependent on the goodwill of our allies," Manmohan...
07:48 AM, Mar 29, 2013
The Congress on Thursday hit back at SP chief Mulayam Singh Yadav for accusing it of being "cheat and clever" as it reminded him that he had shared the dais with Prime Minister Manmohan Singh when the UPA's report was released in 2012. ...
05:06 AM, Mar 29, 2013
