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.
About 2,000 MHz will be put up for auction in bands such as 700 MHz, 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz and 2,500 MHz
'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
Facebook will now directly compete with Slack, HipChat, Yammer and a few others in this space.
India has now around one billion mobile subscribers, he added.
Telecom Commission approves high base price of Rs 11,485 cr per Mhz for 700-Mhz frequency; no decision taken on proposed standard spectrum usage charges of 4.5%
The move was necessitated by growing number of crimes especially against women.
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