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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Gaurav GargTelecom has always been purely a consumer-driven sector where companies had to change their products according to consumer demand and competition build-up.TataDocomo and Reliance Jio are the best examples where competition pushed off big players’ direction and pushed them to make huge changes in the products they offer.Close Offering 1ps/sec to cheap high-speed data, these companies gave a new turn to the sector offerings where everyone had to follow to prevent churn from their existing customer base. related news Nifty could see fresh leg of rally beyond its new life time high zones in the coming week Easing global worries keeps pressure on gold prices Easing trade tensions and OPEC’s production cut may lift crude oil prices Easy porting procedures and other social media connectivity options made it even more difficult for these firms to retain their clients.After the launch of Reliance Jio in 2016, the biggies of the telecom sector lost not only … [Read more...] about Telecom tariff hike: Is it sustainable?
Cathal Garvey used to work in cancer research. Now he is the scientific director of IndieBio, a biotech accelerator based in Cork, Ireland which is about to open a branch in San Francisco. Garvey originally studied genetics. “I got into genetics after seeing a documentary about it when it was quite young.” he says.”I had already decided that I was going to be a biologist at an even younger age. And then I thought ‘Oh my God, living things operate on a code.’” advertisement advertisement After graduating, Garvey became interested in the DIYBio movement of amateur biotechnologists. “I started seeing all these people doing really exciting stuff,” he says. “They were just doing what they wanted to do. It was what I imagined I would do when I was going into college and what I imagined nobody ever got a chance to do when leaving college.” So Garvey quit cancer research, built a lab in his mother’s spare bedroom, and … [Read more...] about Biocoding For Beginners
In the midst of massive anti-government protests in Hong Kong, China on Saturday accused the US of backing the demonstrators with the "real purpose" to destabilise and bring the city to ruin.Chinese ambassador to India Sun Weidong said China has evidence showing that "interference, intervention and instigation of external forces" were behind the escalation of the situation in Hong Kong.Appearing to appreciate New Delhi's cautious approach towards the situation, the envoy said it was in common interest of all countries including India to maintain Hong Kong's prosperity and stability and uphold "one country, two systems" policy.Close "The real purpose of the US is to destabilise and even bring Hong Kong to ruin. China has taken countermeasures against the US actions. The US should immediately stop interfering in Hong Kong affairs, otherwise it will only shoot itself in the foot," Sun told PTI in an interview. related news Queen Elizabeth to set out PM Johnson's agenda on … [Read more...] about China slams US over Hong Kong ahead of expected breakthrough in trade deal