• The Ministry of New and Renewable Energy (MNRE) has postponed the 3rd Global
    Renewable Energy Investors’ Meet & Expo (3rd RE-INVEST), citing “some unavoidable
    reasons”. The meet was to be held in New Delhi between October 30 and November 2.
  • MNRE Secretary Anand Kumar said that “fresh dates are being worked out in
    consultation with all stakeholders and (they) shall be informed shortly.”
  • JSW Steel recorded a 13% drop in crude steel production in August 2019. JSW Steel
    informed that crude steel production for August 2019 was at 1.25 million tonnes
    compared to 1.45 million tonnes in the same period last year.
  • JSW Steel said that the production was lower due to a planned shutdown at Vijaynagar
    works and severe monsoon impact at Dolvi works.
  • Any agreement on the proposed Regional Comprehensive Economic
    Partnership (RCEP) deal would be based on national interests, Commerce and Industry
    Minister Piyush Goyal said.
  • “As long as India’s domestic industry and our national interests are protected, the faster it
    (the RCEP) is done, the better for India,” Goyal said. “Any agreement that India finalises
    will ensure that indiscriminate imports don’t come in, while major opportunities for
    exports and job creation are reserved,” he added.
  • Honeywell announced that it is working with the Aurangabad Industrial Township Ltd.
    and Faridabad Smart City Ltd. to run cities more effectively and improve citizens’ living
    standards through smart building technologies and services that seamlessly connect an
    array of city services, including emergency response, traffic management, road
    congestion, crowd monitoring, pedestrian safety, and crime prevention.
  • The Aurangabad Industrial City and Faridabad smart city project were inaugurated by
    Shri Narendra Modi, Honorable Prime Minister of India. The Smart Cities Mission aims to
    use technology to improve the quality of life of residents as well as drive economic
    growth in 100 cities across India.
  • The Maharashtra Electricity Regulatory Commission validated Adani Power’s claim for
    compensatory tariff from state-owned discom Maharashtra State Electricity Distribution
    Company (MSEDCL) for additional costs incurred in supplying power from its 3,300 MW
    Tiroda plant, after the allocation of the Lohara coal block withdrawn due to environmental
    reasons.
  • The government’s pilot scheme to reduce power generation cost has been allowed to run
    till March 31, 2020. This scheme has saved about Rs 2.75 crore per day in the April-July
    period. The Central Electricity Regulatory Commission (CERC) has extended the
    implementation period of the scheme to allow Power System Operation Corporation
    (Posoco), the national load despatch centre, to fine-tune the operational aspects of the
    scheme for large-scale implementation in future.