-The Economic Times MUMBAI: Maharashtra's mega irrigation scam, which strained relations between Congress and its alliance partner, Nationalist Congress Party ( NCP), is getting murkier. In another explosive revelation, TOI has learned that costs of 38 irrigation projects in Vidarbha were increased from Rs 6,672 crore to Rs 26,722 crore by the Vidarbha Irrigation Development Corporation (VIDC). More shockingly, this mind-numbing 300% cost escalation of over Rs 20,000 crore was approved in a...
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States seek legislative changes to to punish those drawing excess power from grid-Debjoy Sengupta & Mitul Thakkar
-The Economic Times KOLKATA/AHMEDABAD: Power sector officials from Ahmedabad to Kolkata are fretting over the indiscipline of northern states and are seeking legislative changes to imprison those responsible for drawing excessive electricity and putting at risk power supply to law-abiding states. Most officials in eastern and western India say that the unprecedented breakdowns of power supply this week were avoidable. Officials are angry with the Northern Regional Power Committee (NRPC), the body...
More »Hybrid seed industry growth may drop due to scanty rains-Tapash Talukdar
-The Economic Times MUMBAI: Scanty rains in cotton-growing regions of Gujarat, Maharashtra and Tamil Nadu have washed away hopes of hybrid seeds growth in the country. The National Seed Association of India (NSAI) is expecting only a single digit growth between 5-7% against its previous estimate of 20% early this year. India's hybrid seed industry, which is pegged at Rs 11,000 crore, grew nearly 15% last year. And cotton seed contributes up...
More »Government mulls probe against TAM Media Research after complaints
-The Economic Times The government is planning to launch a probe into the alleged fudging of television viewership data by TAM Media Research after several complaints from broadcasters. A top official in the Union information and broadcasting ministry, who did not want to be identified, said the government has received a lot of complaints from TAM in the past. "A lot of people have been raising concerns because of which we are...
More »Delayed monsoon powers sales of inverters, batteries-Sarita C Singh
-The Economic Times Sales of inverters and batteries jumped about 30% for the quarter to June, as a delayed monsoon pushed up power consumption in energy-deficient India. Manufacturers of power backup systems say they expect good profits this year, as the increase in sales will offset the rise in input costs due to a weak rupee. The country's largest battery maker Exide Industries said growth was robust despite a 4%-5% rise in prices....
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