Opposes changes in bid norms, extra land acquisition and move to allow bidders to develop more than one UMPP The government’s auditor has come down hard on irregularities in the government’s policy on so-called ultra mega power projects, or UMPPs. The report of the Comptroller and Auditor General of India (CAG), parts of which have been seen by Mint, is with the power ministry for its comment, and could cause further embarrassment...

An independent study says some 250 thermal power projects that have got clearances may be meant just to grab land and water resources. THERE have been a growing number of headlines that speak of an energy crisis and the energy deficit in India in the last few years. The disparities in the demand-supply scenario, the increasing prospects of disruptions in the global supply of fuel and the consequent results of higher...

Consider this. Every time petrol prices rise, oil companies end up losing more money. How? The price differential between petrol and diesel increases further; people start buying diesel-powered vehicles so oil firms bleed more. Even worse, we all bleed because dieselisation adds to toxic pollution in our cities. This, in turn, adds to the health burden and costs. This is all very well accepted. Yet, nobody has done anything to fix...

The Centre is exploring the possibility of introducing different petrol prices for two-wheelers and cars in an attempt to combat a perception that it is insensitive to the plight of the common people. Facing a flurry of protests from allies, Opposition parties and consumer groups against the hike in petrol prices last week, senior cabinet ministers are considering whether differential pricing is possible to insulate users of two-wheelers and three-wheelers from...

It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...