-The Hindu Business Line Firms of Adani, Anil Ambani, Essar, JSW Groups and some PSUs being probed NEW DELHI: The Finance Ministry and the Directorate of Revenue Intelligence (DRI) are said to have stepped up investigations into the alleged over-invoicing of coal imports by 40 companies — both in the public and private sector — to the tune of Rs. 35,000 crore. “It is an issue that has been going on for the...
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Rooftop solar has a bright future -Amit Kumar
-The Hindu Business Line India’s ambitious targets can be met without compromising the financials of discoms, as is feared India’s goal of having 100 GW of solar power by 2022 has already generated a lot of interest, and scepticism. But it’s even more far-reaching part pertains to the fact that 40 GW out of this is going to be based on distributed energy generation, namely solar rooftop systems. These solar rooftop systems could...
More »WTO rules against India in solar power case
-PTI Geneva: Ruling against India, the WTO today said the government’s power purchase agreements with solar firms were “inconsistent” with international norms — a matter in which the US had filed a complaint before the global trade body, alleging discrimination against American firms. The US had dragged India to the WTO on this issue in 2014, alleging that the clause relating to domestic content requirement (DCR) in the country’s solar power mission...
More »Electricity subsidies for poor are stolen by the rich -Paranjoy Guha Thakurta, Aditi Roy Ghatak & Maya Palit
-IndiaClimateDialogue.net While over 20% of India’s population has no access to electricity, the richest 40% of the population gets highly subsidised power; the second of a three-part series on the subsidy skew Along with coal mining, electricity is regulated by the state in India and subsidised. Electricity tariffs are kept deliberately low for poor households. Unfortunately much of this electricity is allocated in such a way that business and industrial consumers as...
More »The environmental costs of subsidies -Kunal Singh
-Livemint.com It’s time to look at the deleterious environmental impact of subsidies so as to attain correct pricing of resources A few days before Delhi’s odd-even rule—a road rationing scheme in which odd- and even-numbered cars were allowed to ply on roads on alternate days—was to be implemented, Delhi deputy chief minister Manish Sisodia appeared on a television channel to answer questions on the rule. During the show, Sisodia admitted that the...
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