The very fact that it took more than 70 years post-independence for electricity to reach every village speaks volumes about the mess the sector has been in. Forget villages, even metro cities, and most state capitals still have to face load shedding. The entire problem in the power sector can be summed up in three words – vote bank politics.Politicians of all stripes have refrained from increasing tariff for fear of upsetting their vote banks. Besides this, blatant theft of power, at times under the patronage of political parties, is at the root cause of the problems in the power sector.Many schemes launched by various governments failed to achieve their desired goal because none of them dared to go anywhere close to the root cause. Ultimately it was the taxpayer who had to foot the bill of the huge bailouts.Close This, however, changed in November 2015 when the Ujwal Discom Assurance Yojana (UDAY) scheme for reviving the discoms was launched in November 2015. At the time of … [Read more...] about Opinion | UDAY Scheme: It’s high time state governments said ‘let there be light’
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Bharat Bond ETF, the initiative of the Department of Investment and Public Asset Management (DIPAM) of the government, was launched on December 12.The government had announced plans for debt ETFs in Budget 2019. The ETF has a duration of 3 years maturing in 2023 with a yield return of 6.69 percent and another duration of 7 years maturing in 2030 with a yield return of 7.58 percent. Both will be listed on NSE and BSE.Stressing on the appeal factor of 3-year and 7-year duration, Deepak Jasani Head Retail Research, HDFC Securities said, "Returns of this 3-year variant could be compared to Banking and PSU debt funds that have an average maturity of 2-4 years and a similar portfolio holding. Longer duration variant (10-years) would naturally bear high duration risk and can be considered by informed investors who want to take high duration bets."Close This ETF is managed by Edelweiss Mutual Fund. So the fund is called Edelweiss BHARAT Bond ETF, and the fund will invest in the bonds … [Read more...] about Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite?
United States Food and Drug Administration (USFDA) has conducted a good manufacturing practices (GMP) inspection of Sun Pharmaceutical Industries' Halol facility (Gujarat, India) from December 03-13, 2019, as per company release.At the conclusion of the inspection, the agency issued a Form 483, with eight observations.The company is preparing the response to the observations, which will be submitted to the USFDA within 15 business days, it said in release.Close The company is committed to addressing these observations promptly. related news Oil India Limited appeals to people in Assam to allow it to carry out day-to-day operations Mother Dairy hikes milk prices by up to Rs 3/litre Kerala requires Department of Design to become creative hub of world: Experts The company remains committed to working closely with the USFDA and continues to enhance its GMP compliance on an ongoing basis, it added.On December 13 share price of Sun Pharmaceutical Industries ended 1.12 percent … [Read more...] about Sun Pharma’s Halol facility gets 8 observations post USFDA inspection
Captain Virat Kohli along with his dynamic opening duo of Rohit Sharma and KL Rahul have been in imperious form off late as they showed in the T20I series where they tormented the West Indies attack. Now the lethal trio will train their guns once again on the Windies as the two sides square off in a three-match ODI rubber starting on December 15 in Chennai .The no. 2 ranked ODI squad on the ICC rankings will be looking for their 10th straight bilateral ODI series win against their Caribbean counterparts who are way down in the rankings on 9th spot.However, India will be wary of the weather playing spoilsport with rains hitting the MA Chidambaram Stadium in the last 24 hours.Close Where to watch: The match starts 1.30 PM IST. It will be broadcast live on Star Sports 1 and Star Sports 1 HD. Online viewers can catch the action on Hotstar. related news On the Ball podcast | IND vs WI ODI series preview: India way too strong for West Indies, will pick up a 3-0 … [Read more...] about India vs West Indies 1st ODI preview: Where to watch, team news, possible XI and betting odds
Increasing teenage pregnancy and other health issues in that age group are of great concern for the government, Union Health Minister Harsh Vardhan said on Saturday and stressed on the need for making adolescents healthy to harness the country's demographic dividend. At the inauguration of a workshop -- 'Investing in Adolescent Health: Harnessing the Demographic Dividend' -- he said adolescence is a critical phase in developing potential in a person and making investments in this age group will be the best way to leverage India's advantage of having a young population."The ongoing levels of teenage pregnancies and child marriages in certain pockets across the country is a cause for great concern, and taking sexual and reproductive health services out of the clinics to India's adolescent population will be the way forward," the Union minister said.Vardhan addressed the workshop, organised by the Observer Research Foundation and the Ministry of Health and Family Welfare, via video … [Read more...] about Child marriage, teenage pregnancy cause of great concern for govt: Union health minister