Power Distribution Reforms Even as the Centre puts in place a strategy to bring in efficiencies, energy sector observers believe that states will play hardball because electricity comes under concurrent list and state governments play an active role. In the backdrop of distribution companies’ dues having touched an all-time high and showing no signs of...
Tag: UDAY scheme
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Renewable capacity addition catches up with thermal power in India
Energy transformation has arrived in India. According to the Ministry of New and Renewable Energy (MNRE), IndiaÂ’s total renewable capacity including solar, wind, biomass and small hydro grew by around 11.2 GW in FY2016-17, at par with thermal capacity addition, which registered a decline of 50 per cent in the year.
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Slow investment recovery holding back growth | India Ratings
India Ratings and Research (Ind-Ra) has revised its gross domestic product (GDP) growth forecast for FY17 upwards to 7.8 per cent from its earlier forecast of 7.7 per cent. The upward revision has been prompted by the progress of monsoon and the sowing of kharif crops so far. With the exception of the East and Northeast, the rainfall in other regions of the country has been more than the long period average.
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The banking industry is facing its sachet moment
Telecommunication companies only have payment licenses so they can only take deposits. They can´t lend. What´s happening in banking the world over - and I don´t think India is going to be an exception - is that banking services are being unbundled