After four failed reform drives, a new plan aims to rescue India's debt-laden power discoms through privatisation, accountability and long-term financial fixes.
'At COP30, the emphasis will be on unlocking climate finance, reinforcing the principle of common but differentiated responsibilities, and building resilience through inclusive transitions and the mainstreaming of adaptation.'
CERC, which has a key role in India's power sector, has also set up a committee to gather further evidence in the matter and take suitable action.
The ambitious proposal by the power ministry to allow network sharing between distribution licensees operating in the same geographical area will face three key challenges, said a former bureaucrat.
The idea is to establish a robust and forward-looking legal framework that addresses the financial stress of power distribution companies, which are facing losses of over 6.9 trillion, while curbing high industrial tariffs that, according to the government, have affected competitiveness, constrained economic growth, and slowed the transition to clean energy.
To prevent companies from submitting unrealistic quotes to bag project contracts across industries, the government is planning to soon roll out a mechanism to curb irrational bidding.
'Both initiatives are welcome moves and we would commit ourselves with focused attention aligned with the national priorities, and pursue our exploration initiatives.'
The amount constitutes 45 per cent of the railways' total wage bill.
Experts say Prabhu displays a clear intent of reforms but has not been able to fully shake-up the mammoth railway system.
The price of the Indian basket of crude oil jumped as much as 78 per cent to cross $50 a barrel last week, from a multi-year low of $28 in January.
Despite these successes, Railway Minister Prabhu has had his share of criticism.
US-based $40-billion industrial goods giant Honeywell has just launched its 16th plant, a hydrocracker unit with application in oil refining, in India. The two years of Modi government have been full of optimism and energy, Anant Maheshwari, president, Honeywell India, and Steve Gimre, managing director, UOP India, tell Sudheer Pal Singh.
'The Centre brought down expenses by as much as Rs 12,000 crore (Rs 120 billion).'
The Railways plans to float an independent fund.
The prohibition has freed up as much as 60 million litres of ethanol
Talgo's Series 9 locomotive to cut Delhi-Mumbai travel time to 12 hours
Refuting all the allegations, IOC has clarified that no monopolistic situation exists in supply and pricing of aviation turbine fuel (ATF) to airlines.
Officials said the oil marketing companies had provided data to the Income Tax department.
The move is expected to bolster India's energy security.
Locally manufactured coaches can achieve similar speeds as Talgo trains.
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