India kicked off a new phase of power reforms on Monday with a new law that will encourage competition, cut subsidies and attract private investment in the energy-starved country, officials and analysts said.
The power ministry is planning to start a second version of UDAY, aimed only at reducing the losses of discoms and improving the quality of power supply.
India's power sector faces annual losses of $27 billion by 2017 unless sweeping reforms are taken to tackle inefficient subsidies, theft and political meddling in utility companies, the World Bank said.
"The situation has already improved in Gorakhpur and it would soon improve in the state as well," he said.
Four of the 226 boxes stacked with the cash were found tampered with.
Refuting reports about his remark over people of Kashmir, whom he allegedly dubbed as 'maha chor', Union Minister Farooq Abdullah on Monday said he was misquoted by the media.
Pawan Ruia has finally done it, a beaming Buddhadeb Bhattacharjee, then West Bengal chief minister, had said at the reopening of the 70-year-old Sahagunj factory owned by Dunlop in 2005. But with the Calcutta high court passing a winding-up order in 2013 and the Trinamool Congress-led state government passing a Bill to take over the company in 2016, the once-upon-a-time undisputed leader in the Indian tyre industry looks vastly undone. But that can hardly be a deterrent for Ruia, who has a penchant for making headlines one way or the other.
Mohammad Sajjad raises important questions about the response to lynchings.
The Nepal earthquake has driven home the importance of home insurance. What are the factors you need to keep in mind before insuring your property? Indrani Roy offers a checklist.
PM also came up with new acronym of Vikas--V for 'vidyut', K for 'kanoon vyawastha' and S for 'sadak'.
While consumers will be paying a higher upfront cost for smart metering, the share in the efficiency gains could more than offset this higher spend
The Delhi High Court on Wednesday directed the city government not to implement the 50 per cent subsidy announced by it to people who did not pay their power bills from October 2012 to December 2013.
India has achieved 100 per cent electrical connectivity, but 100 per cent electrification remains a long-drawn task, says Shreya Jai.
India suffers from peak power deficit of three per cent.
'This is part of our efforts to make it easier to do business.'
Despite Chief minister Devendra Fadnavis' ambitious plan, 40 per cent of the state is reeling from drought and its water tanker economy is booming. As of February 2019, the state government declared drought in 151 of the 358 talukas.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
Did you know that credit cards can in fact help you to improve and build your credit score if used responsibly and wisely!
Yulu founder Amit Gupta believes bicycle sharing is the next big thing.
An individual with a score above this level will not only enjoy easy access to credit, but will also benefit from lower cost of loans, points out Arun Ramamurthy, founder and director, Credit Sudhaar.
Seven major state power distribution utilities, identified by the central government for financial restructuring, have failed to increase their tariff considerably to improve their financials.
Hard and unpopular decisions are needed - not just another round of financial repackaging to sort out the discom mess.
The Supreme Court order on what to do with the coal blocks allotted to power companies between 1993 and 2013, which it has already termed illegal, is likely on Tuesday.
And other top moments from the closing of the 70th Cannes Film Festival.
'The army has stopped short of exerting the sort of influence it may have done historically.' 'It is comfortable with its relations with the civilian government as the superior partner.'
If nothing is done, the country is set to become 83 per cent energy-import-dependent by 2040.
The prime minister made the reference about the functioning of the Parliament against the backdrop of the virtual washout of its Monsoon session over various issues.
The mystery over incidents of chopping of braids in Delhi and other states continued as more such cases were reported.
Most popular mandal in Mumbai, Lalbaugcha Raja, takes Rs 51 crore cover.
'This is social reform, which has to be conducted from within society and by its institutions, like religious bodies, not by public officials and ministers. That is why I think the big change Modi seeks is actually not in his power to bring about,' says Aakar Patel.
Prime Minister Narendra Modi's decision to open commercial coal mining to private players is a key step towards bringing order to the country's chaotic power industry and ending the chronic blackouts that impede its economic rise.
Dr Gupta handled Shivade's blows with quite some equanimity... So it was often only Shivade down in the mud pit, egging and enticing the doctor to join the fight, while Dr Gupta cautiously kept to the sidelines, barely stepping a toe into the mud.
Keep these things in mind as you head out into the monsoon rains to enjoy your drive and remain tension free
Indian states are preparing for a Rs 1.9 lakh crore (Rs 1.9 trillion) tax windfall this fiscal year.
White House said Trump strongly believed that protecting environment and 'promoting our economy are not mutually exclusive goals'.
'I hope the anger that Gujarat farmers have demonstrated is also reflected in other parts of the country in ensuing elections.' 'Only then will the ruling parties accept that something is terribly going wrong in the hinterland.'
Apple Inc's embrace of wireless charging for its new Watch may be a defining moment for a technology that's languished for years amid competing standards and consumer confusion.
If carmakers don't explore innovations to improve safety, they could be relegated to the garbage heap by new players, says Indrajit Gupta
No tyres of any description have rolled out of its factories in Sahagunj (West Bengal) or Ambattur (Tamil Nadu) since 2011 and 2012, respectively.
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