Maharashtra says it could go against existing franchisee norms Power distribution utilities of three States including Maharashtra have objected to the proposed suggestions by a sub-group of the Task Force on Private Participation in the Power Sector of the Planning Commission. They feel the proposals could go against existing franchisee norms in the States and skew the tariff. The sub-group had been pushing for Public-Private-Partnership (PPP) in the distribution of electricity as...

Indian traders reject FDI in multi-brand retail and emphasise the need for a policy to regulate the labour-intensive sector. TRADERS across the country responded angrily to the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail trade, disproving the arguments of the United Progressive Alliance (UPA) government and the assessment of corporate India, which had tried hard to make it appear that traders and...

French nuclear giant Areva, which is planning to sell India six masssive1650 MWe EPR nuclear reactors for the Jaitapur site in Maharashtra, is facing serious financial difficulties with net losses in 2011 placed at well over €1 billion. Areva's CEO, Luc Oursel, announced drastic job cutbacks and the sale of over €2 billion worth of assets, essentially in the company's uranium mines sector, to offset these losses. Trading in the company's...

Like stags fighting, the first days of each annual UN climate summit start with delegations circling each other politically, looking for weaknesses, gauging strengths. The summit that began this week in Durban, South Africa, has been no different - and though it might seem that little has been accomplished so far, a number of blocs have at least made their positions clearer than ever before. And that's vital if effective negotiations are...

Rural development minister Jairam Ramesh today questioned the policy of providing free electricity to farmers in certain states, saying excessive pumping by cultivators had led to a depletion in groundwater levels. “In district after district, groundwater tables are falling. And there is no doubt that free electricity has caused excessive use of water. Our policies on pricing of water also do not lead to conservation. So we have to rethink on...