-The Economic Times The CAG has questioned the eligibility of the Anil Ambani-led Reliance Power to have bid for any of the three ultra mega power projects (UMPPs) and said the company would enjoy undue benefits of Rs 29,033 crore over 20 years by using surplus coal at another plant. The CAG said that to be eligible to bid for a UMPP, a company should have implemented projects worth Rs 3,000 crore...
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Plan panel asks states to hike power Tariffs
-The Times of India The Planning Commission has asked states to hike electricity charges to not only save the ailing power sector but also use the subsidy to fund essential services like drinking water, education and health, which are essential for promoting inclusive growth. "The way the current situation (can) be handled is through some combination of tariff increase and serious efforts to reduce AT&C losses," Plan panel deputy chairman Montek Singh...
More »FDI in multibrand retail will not further reform agenda-Manoj Pant
-The Economic Times The crisis of the euro, a current account deficit of over 4%, double-digit inflation, corruption in governance and a failing political system. It would not be unfair to say that these factors have combined in varying degrees at different times to lead to the conclusion that the globally-acclaimed India growth story seems to be heading for an unhappy ending. Many have labelled this - unfairly, I think - as...
More »CAG's next task
-The Business Standard Delhi's power tariff hike needs a thorough probe Since the privatisation of power distribution in Delhi in 2002, the average domestic electricity tariff has seen a rise of 107 per cent. It was Rs 2.50 a unit in 2001-02 and – after last week’s increase of 24 per cent with effect from this month – has gone up to Rs 5.17 a unit. This latest hike comes after another...
More »Shackled by timidity-Yoginder K Alagh
-The Indian Express Time to take the bolder steps, bring FDI to small towns When the GDP falls below 7 per cent, we need to start worrying. When it is less than 6 per cent, we must treat it as a crisis situation. Growth models show that the robust investment rates already achieved, and twice the productivity growth achieved in the 1980s and ’90s, will get us 8 per cent growth. This...
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