Ali AhmedAfter the end of the United Nations Security Council’s closed door meeting on Kashmir — its first in over half century — India’s permanent representative underscored India’s constitutional initiative on Kashmir was an ‘internal matter’ while maintaining that India would speak to Pakistan once that country ceases support for terrorism.The externally-directed official Indian stand has worked to stave-off legitimate concerns, stoked liberally by Pakistan, on yet another India-Pakistan crisis. It has managed to get United States President Donald Trump walk back his offer of mediation.Close However, internally, the official stand appears to have created dissonance among constituents of the ruling Bharatiya Janata Party (BJP). The initial euphoria was such that many believed India had ipso facto in one fell swoop veritably solved the Kashmir problem. related news Trial runs done, train … [Read more...] about Politics | Decoding India’s recent rhetoric on PoK
India nuclear power
Shishir AsthanaMoneycontrol ResearchEconomic wisdom suggests that a bulk consumer or a bulk buyer is able to get a discount on his purchases, compared to the retail or small consumer. That is the way markets world operate — buy cheaply in bulk and sell dearer in retail. E-commerce firms have taken that concept to a completely different level.Strangely, this basic logic does not work in Indian power sector. Over here, the retail consumer avails electricity at the lowest cost while the bulk consumer pays the most and ‘cross-subsidises’ the smaller consumers.Close In rural India, the bulk consumer who are generally the industry and institutions, pay more so that small consumers are charged less or even nothing, as in the case of agriculture consumers. In cities, it is the small consumer who is asked to pay the least. Tariff is based on consumption where various slabs are set by the electricity boards depending on the units consumed. related news Govt … [Read more...] about Sparing large power consumers of cross subsidy is good, but who will foot the bill?
The global economy is recovering at a snail’s pace. However, there are structural changes underway. Electricity is fast emerging as the primary choice of fuel in automobiles, instead of petrol and diesel. On the supply side, renewables are replacing conventional thermal-based energy sources.As the world is adapting to this change, India continues to grapple with the issues facing electricity generation and consumption. The government is striving to provide power to every household in the country but is still not able to get the supply side equation right.Though renewable power is attracting a lot of interest, it has become a victim of its own success. The sharp reduction in renewable power tariff resulted in state electricity boards demanding lower tariffs to align with these rates from older units. Add to that the ongoing confusion in policy and we have a sunrise industry eclipsed by unclear policies.Close The bigger mess, however, is in thermal power. A report by industry body … [Read more...] about COMMENT: Stressed power plants need enforceable PPAs, everything else is hogwash
A common problem for manufacturing units as they mature is the question of repairing or replacing their machinery. The solution to the decision generally depends on various factors like finances, the residual life of the machinery, the stage at which the products produced through these machines are in the product cycle, and finally on how productive is the machine vis-à-vis the latest ones available in the market.If new machinery can lower the cost of production, the next question is whether the old machines can be refurbished and cost differential narrowed. At the end of the day, it is a financial decision for the company.The domestic power sector is at present facing the same set of questions. The old power plants are not only costly to operate but they are also polluting. These plants would need to be retrofitted and designs changed to lower the cost of power generation. Also, additional equipment will have to be installed to meet the environmental norm.Close A news … [Read more...] about Old power plants: A lifeline for power generating equipment sector
Harsh V PantIn a sign of how dramatically India’s ties with the largest nation in the Gulf have evolved in the last few years, Prime Minister Narendra Modi was in Saudi Arabia this week for his second visit in three years. If during his first visit in 2016, King Salman conferred Saudi Arabia’s highest civilian award on him, his second visit saw him participate in the high-profile Future Investment Initiative Summit, dubbed the ‘Davos in the desert’, an initiative of Saudi Crown Prince Mohammed bin Salman. The Crown Prince had also visited India in February.The fact that Modi’s recent visit happened against the backdrop of India’s decision to abrogate Article 370 in Jammu and Kashmir and Pakistan’s desperate attempt to internationalise the issue, makes it even more significant.Close In Riyadh, Modi made a strong pitch seeking investment in India’s energy sector by underling that India will be investing around $100 billion in oil and gas … [Read more...] about Politics | New energy in India-Saudi Arabia ties