-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...

-Live Mint CERC calls for a variable ‘compensatory tariff' to be offered to Adani Power till fuel situation stabilizes In an unprecedented move, India's apex power sector regulator offered a bailout package to Adani Power Ltd in a late Tuesday order to offset losses on account of the unexpected increase in the prices of imported coal and the unavailability of domestic coal for the company's 4,620 megawatts (MW) thermal power project at...

-The Times of India More than five months after the CBI began investigating Coalgate, the agency is yet to receive hundreds of files from the coal ministry as it probes charges of criminality in allocation of coal blocks to private players. Although CBI has been sifting through an enormous mass of information regarding coal block allocations that the CAG has said caused a loss of Rs 1.86 lakh crore to the government,...

-The Times of India The Centre on Tuesday rubbished the charges made in the CAG report-based petitions alleging huge scam in coal block allocations and said it had put in place four sets of regulatory mechanism which had functioned well to monitor and take corrective measures. Responding to six questions the court had asked on a PIL filed by M L Sharma who had sought quashing of all 194 blocks of coal,...

-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...