The ministry had revised the prudential norms of PFC (Power Finance Corporation) and REC Ltd, to provide that loss-making discoms will not be able to avail financing from the two companies.
The union government has been taking initiatives to privatise the discoms. Some states including Gujarat, Odisha, and West Bengal have privatised the power distribution.
The Civil Supplies Corporation has already borrowed Rs 31,000 crore for the purpose, he explained.
They also have to pay an extra 14% excise duty, so the customers are heavily taxed here,” a source in the know told TNIE.
The Union environment ministry has granted Coastal Regulation Zone (CRZ) clearance for the proposed city gas distribution network in Karaikal and Nagapattinam.
The Puducherry government assured employees that it would seek clarification from the Advisory Officer appointed by the Centre for the privatisation framework.
With police cracking down on smugglers transporting rice meant for Public Distribution System (PDS), the racketeers are coming up with different methods to keep the operations going.
Power staff went on the strike against the plan to open up power distribution. The whole Puducherry region was plunged into darkness.
This comes after months of the regime attempting to convince employees to accept the privatisation move.
The charge sheet was prepared basing on ground zero report collected by three teams of the the party which visited different flood affected areas in the State.
Opening of ration shops, distribution of essentials and recruitment for public distribution should come under Sri Lanka’s provincial governments, just as it is in India.
The farmers suspect that the move to fix meters is part of a government ploy to deny them free power and other benefits.
A revised clarification on the definition of ‘dwelling unit’ may push scores of electricity consumers in Tamil Nadu to pay electricity bills at an astronomically- high commercial rate.
It is also planning to allocate domestic gas to compressed natural gas (transport) /piped natural gas (domestic) in no cut category and allow marketing and pricing freedom to gas produced.
High transmission, generation costs set to grow revenue deficit.
President Rajapaksa was not present in the presidential House when a mob stormed the building on Saturday. Sri Lanka's total foreign debt stands at USD 51 billion.
N Kamakodi, MD and CEO of CUB said the bank proposes to help the customers tide over all ups and downs.
It also asked the companies that have not cut their prices to reduce their prices. Meanwhile, Mother Dairy has reportedly cut prices of soyabean oil and rice bran oil by up to Rs 14.
After the intervention of the district collector, the discom later restored the power supply to all mandal level offices after securing undertakings from the concerned officers.
As per the overall standard of performance report submitted to OERC, there is a sharp increase in human fatality due to electrocution in the area of distribution by TPCODL.