(FE) Tuesday’s Supreme Court order on compensatory tariffs has removed the uncertainty over whether a change in government policy like the New Coal Distribution Policy (NCDP) will constitute a “change in law” (CL) that allows the regulator to fully correct the tariff disadvantage arising from it to power generators. The result: Power capacities to the tune of 60,000 megawatts will be completely safeguarded from the cost increases due to vicissitudes of policy changes over the entire period — usually 25 years — of their supply contracts with discoms. The beneficiaries of the policy clarity include a veritable who’s who of…
Author: Aruna Sharma
(FE) The ministry of road transport and highways (MoRTH) has identified a clutch of 10 road projects across a stretch of 646 km to be bundled and bid out in the TOT or toll, operate, transfer mode. This will be the first of the TOT offerings the government has been planning and is expected to fetch it around `3,400-3,500 crore. Six of these road projects are in Andhra Pradesh and stretch across approximately 405 km. The remaining four are in Gujarat and cover roughly 241 km. A senior official in the ministry told FE the National Highways Authority of India…
(FE) For addressing anomalies in the existing Agricultural Produce Market Committee (APMC) Act and to boost farmers’ income, the Niti Aayog has called a wmeeting of state agriculture ministers later this month where the new model APMC Act would be unveiled. Sources told FE that the revamped model APMC Act, would likely to include provisions for single-point levy of taxes, uniformity in mandi taxes, delisting of fruits and vegetables out of the APMC ambit, electronic trading and allowing private players to have their own market yard. The new proposed act would likely to remove the concept of notified market or…
(AU) पिछड़ा वर्ग आयोग को संवैधानिक दर्जा दिए जाने संबंधी संविधान संशोधन बिल पर राज्यसभा में विपक्ष के रुख को नकारात्मक राजनीति बताते हुए प्रधानमंत्री नरेंद्र मोदी ने तीखी आलोचना की है। भाजपा के ओबीसी सांसदों से मुलाकात के दौरान प्रधानमंत्री ने राज्यसभा में इस बिल पर विपक्ष के रुख को हैरत में डालने वाला बताया।विपक्ष के कदम को पिछड़ा वर्ग के अधिकारों को रोकने वाला करार देते हुए पीएम मोदी ने सांसदें से विपक्ष को समझाने की अपील की। सरकार ने भी इस मामले में विपक्ष पर पिछड़ी जातियों के साथ छल करने का आरोप लगाया। गौरतलब है कि…
(BS) The Cabinet Committee on Economic Affairs on Wednesday approved the listing of 11 public sector undertakings, including five railway subsidiaries — Ircon International, Indian Railway Catering and Tourism Corporation (IRCTC), Rail Vikas Nigam, Indian Railway Finance Corporation (IRFC) and RITES Ltd. The plan to list railway subsidiaries IRCTC and IRFC was mooted by Finance Minister Arun Jaitley in the Budget. The Department of Public Asset Management (Dipam) has already initiated the process to fix a consultant for the listing of these two companies.The non-railway companies approved for listing are Bharat Dynamics (BDL), Garden Reach Shipbuilders & Engineers (GRSE), Mazagon…
HPCL conferred with Fastest Growing Organisation – Navratna under हिंदुस्तान रत्न PSU AWARDS 2017 at a function in Delhi, today joined by Union Minister Sh. Nitin Gadkari, Manoj Sinha, Dharmendra Pradhan and Piyush Goyal . Total 17 awards have been given to PSUs. In Petroleum Sector, ONGC GAIL & HPCL got awards. Awards are organised by HT Media group.
(FE) India’s state-run oil marketing companies plan to revise retail fuel prices everyday, beginning with five cities across the country, to better shield themselves from volatility in global crude oil prices. The three state-run fuel retailers plan to roll out a pilot from May 1 in the cities of Puducherry and Vizag in southern India, Udaipur in the West, Jamshedpur in the East and Chandigarh in the North, before implementing the mechanism nationwide, Reuters reported citing unidentified sources. At present, the three state-run oil marketing firms – Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp – review retail…
(MC) Come May 1, petrol and diesel prices will change every day in sync with international rates, much like what happens in most advanced markets. State-owned fuel retailers Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), which own over 95 per cent of nearly 58,000 petrol pumps in the country, will launch a pilot for daily price revision in five select cities from May 1 and gradually extend it to all over the country. “Ultimately, we will be driving towards market linked rates on a daily basis at all pumps across the country,” IOC…
Aruna Sharma, Governance Democracy & Politics Magazine, April Issue PAN Card not linked with Aadhar card may be invalid after December You might not get SIM card Without Aadhar UGC made Aadhaar card mandatory for students to get their degrees Government seems completely committed to make our very own Aadhar to be the most potent identification instrument for Indian citizen, just like social security number (SSN) in US. Taking that journey forward government is all set to make Aadhar compulsory for array of processes and instruments, right from PAN to Education institutions and mobile SIM cards. Aadhaar may become the…
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Memorandum of Understanding (MoU) on cooperation in the field of justice between India and Tunisia. During the recent years, social, cultural and commercial relations between India and Tunisia have developed in a positive direction. Signing of an agreement on cooperation in the field of justice will further enhance good relations between the two countries and add new dimensions in the field of judicial reforms.