Editorial- April 2019

With Ayushman Bharat or Pradhan Mantri Jan Arogya Yojana (PM-JAY), PM Modi has rolled out the biggest government funded healthcare plan anywhere in the world. The scheme which became operational on Sep 25, 2018 in a short span of five months is already reporting an impressive beginning. Details on pmjay.gov.in website shows that twenty states […]

Editorial- March 2019

The government is making a big push for electric vehicles. The growth forecast is high and the policy is clear. However, the uptake will depend on the ability of the state governments to create charging infrastructure. The policy field was cleared last year. The ministry of power clarified in Apr 2018 that charging stations do […]

Editorial- February 2019

More than 20,000 households of Rajouri district in Jammu and Kashmir have been electrified under Saubhagya. Most of the beneficiaries of the scheme are from BPL and SC/ST category. The scheme has given electricity to those who never saw lights in their life at their homes. They are happy and excited. The government has connected […]

Editorial- January 2019

The Supreme Court has given its ruling in the case of three Power Stress projects of Tata, Adani and Essar established in the state of Gujarat. The ruling comes after hearing all parties and after a six-year long legal process. The ruling was made on the joint application made to the Supreme Court by the […]

Editorial- December 2018

Power sector financial stats is thunderous. Gross loans and advances given to power sector as on June 2017, stood at Rs 559,025 crore, out of which Rs 37,941 has become NPA. Out of a total 40,130 MW stressed power assets, 24,405 MW capacity has been commissioned while the rest is at construction stage. Out of […]

Editorial- November 2018

OMCs have invited EoI for supplying compressed biogas (CBG) to their retail outlets from plants processing biomass and waste. The schedule has been announced till Mar 31, 2019. EoIs will be issued every month, it is an ongoing empanelment and the chosen applicant will be informed after an online evaluation process. For implementing this scheme, […]

Editorial- October 2018

The Supreme Court judgment of April 11, 2017 had ruled against force majeure claims of gencos on the change in law in Indonesia on imported coal. But, it allowed compensations in case of change in the Indian laws. That means the demand of tariff hike on imported coal was dismissed. The gencos involved are: Adani, […]

Editorial- September 2018

The Reserve Bank of India’s circular of February 12, 2018 is under attack. The circular directs all the lenders to identify incipient stress in loan accounts, immediately on default, by classifying stressed assets as special mention accounts (SMA) under three categories depending upon number of default days ie 1 to 90 days. The private power […]

Editorial- August 2018

PwC has presented a debt report on the Adani group to the State Bank of India. The report, all of 111 pages is as alarming as its volume. The Adani group’s total outside liability as on March 31, 2017 stands at a mindboggling Rs 126,354 crore. Outside liability means short-term, long-term borrowings and debt to […]

Editorial- July 2018

CERC has issued a consultation paper that would determine terms and conditions of tariff regulations for the next five years, the duration of April 1, 2019 to March 31, 2024. Stakeholders are to respond by July 15, 2018. The paper should have shown more effort and exactitude regarding the pressing problems of the sector – […]

Editorial- June 2018

This issue is entirely dedicated to exposing financial frauds committed by private companies. The Kochhars saga has been divided into three parts. In Part-1, we have established the fact that Mahesh Chandra Punglia is one of the Name Lenders being used by Venugopal Dhoot for his clandestine operations. Deepak Kochhar’s claim that Rs 64 crore […]

Editorial- May 2018

“yad yad ācharati śhreṣhṭhas tat tad evetaro janaḥ sa yat pramāṇaṁ kurute lokas tad anuvartate”  Chapter III, Verse 21, The Bhagavad Gita Karma Yoga or The Yoga of Action  Whatever the superior person does, that is also followed by others; what standard he or she demonstrates by action, people follow that. This is what Krishna […]