-Live Mint Legal challenge threatens to undermine what Indian power firms had cheered as a major boost to sector The Haryana government will challenge the central power regulator's ruling this week that allows Adani Power Ltd to raise tariffs for electricity supplied to existing clients in two states, its power minister told Reuters on Thursday. The Central Electricity Regulatory Commission (CERC) has allowed Adani Power to charge "compensatory" tariffs for electricity from its...
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Government eases curbs on sugar sector- Ragini Verma
-Live Mint CCEA clears recommendations on sugar sector made by Rangarajan panel; subsidy burden to rise Pushing ahead with long-pending reforms of the sugar industry, the cabinet on Thursday approved the dismantling of rules requiring sugar mills to sell the sweetener at below-market prices through the public distribution system (PDS) and abolished curbs on open market sale. The cabinet committee on economic affairs cleared the recommendations made by a panel headed by C....
More »Indian Express-ICIJ probe: Vijay Mallya, Ravikant Ruia in tax havens -Ritu Sarin
-The Indian Express The 612 Indians on the list of those who have invested in tax havens such as the British Virgin Islands include two MPs, a former royal and top industrialists. RITU SARIN puts together details of 20 among them SONU LALCHAND MIRCHANDANI Mirchandani is the founder of popular consumer electronics firm Onida. Mirchandani and his wife, Soni, opened a BVI company called Strong Wing Overseas Ltd in 2006 with an authorised...
More »Opinion: Mamata Banerjee base dented -Subrata Nagchoudhury
-The Indian Express The State Election Commission moving the Calcutta High Court against the Mamata Banerjee government's unilateral declaration of panchayat election dates is a stunning development. Whatever the outcome of the court battle, the state already stands to accept that the dates it had proposed - April 26, 30 - are not going to be the schedule for the rural polls under any circumstances. Besides, it is largely believed that the...
More »Delhi govt favoured private discoms: CAG
-The Indian Express Report finds govt did not recover dues of Rs 750 cr from distributors. At a time when the opposition BJP plans to intensify protests against power tariff in Delhi, the Comptroller and Auditor General (CAG) of India's report for the 2011-12 fiscal has slammed the Delhi government for not recovering dues to the tune of Rs 750 crore from private distribution companies. The report, tabled on Tuesday in the Delhi...
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