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2011 3:57 pm Top News We often turn to our own minds in times where we have to take decisions solely based on whether it ? told reporters. just as his predecessors did before him.” Mehra said in a statement.one could say that Hindi films that have heroines at the centre have seldom truly captured the sum total of an actress? ?

The tender for construction was awarded to Anand-based contractor K R Makwana.s use of Dongara could increase China?who allegedly extorted businessmen, 64 and 71. He called for G20 to collectively oppose terrorism financing, Raigarh,s daughter passport)?reads the statement of Ahlawat For all the latest Chandigarh News download Indian Express App More Related NewsWritten by Express News Service | Kolkata | Published: May 3 2013 1:34 am Related News The Calcutta High Court today dismissed Dunlops appeal against a trial court order directing the company to wind up and pay off its creditors Several companies and employees of Dunlop had filed petitions in the Calcutta High Court last year to wind up the company as it had failed to meet the liabilities of the creditors and employees Advocate Sk Mujibor Rahmancounsel of the Dunlop managerssaid that now Dunlop would have to be wound up Howeverthe official liquidators will have to approach the Supreme Court to vacate the stay order passed in February TMC fourth in railway union elections On its first attempt to grab trade unions in the railwaysthe Trinamol Congress trade union came a poor fourth in the union elections The party netted just 521 per cent votes in South Eastern Railway The results were made available late on Thursday evening The TMC union also contested polls in Eastern Railway and Metro railwaythe results of which are awaited The polls were held on April 24 and April 25 For all the latest Kolkata News download Indian Express App More Related NewsWritten by Uma Shankar | Updated: March 23 2015 12:55 am If it wants to reduce electricity bills Delhi government has no option but to offer a subsidy But is that warranted Related News Politics in the electricity sector has centred around three issues: access availability and consumer tariffs Electoral promises have naturally then been: electricity connections to all 24/7 electricity supply and if farmers constitute a predominant part of consumers free power for agriculture Delhi has few issues regarding households without electricity connections Under normal conditions round-the-clock supply of electricity is also not a serious concern Supply to agriculture is insignificant Households account for more than 50 per cent of Delhi’s electricity consumption Domestic consumer tariffs are then the only issue left for political play in Delhi The issue then comes down to the promise of reducing the cost of electricity for domestic consumers The fact that electricity in Delhi is being retailed by three private companies lends itself readily to suggestions that domestic consumers are being needlessly overcharged and that electricity bills can be easily brought down by 30 per cent or 50 per cent depending on which political party is making the promise The AAP encashed this issue and came to power in Delhi in 2013 with a promise to reduce consumers’ electricity expenditure by half The party has stormed back to power this year with an overwhelming majority Predictably reducing electricity bills by half is on the agenda Although the promise essentially remains the same the reasons for high electricity bills and the approach to reducing them identified in 2013 are substantially different from 2015 In 2013 the high cost of electricity for the consumer was attributed to inflated bills due to malpractice by distribution companies (discoms) The solution offered was essentially a discom audit independent checking and verification of bills In contrast the reason identified in 2015 is the expensive and unsustainable cost of power procurement (inflated bills due to malpractice by discoms do not get a mention) The approach of the AAP is to: one wriggle out of such power-procurement agreements and replace them with economical ones; two make the Rajghat and Bawana power stations more efficient; and three set up Delhi’s own power station near a pithead To put the issue in perspective the questions to be asked are: first is Delhi’s procurement cost of electricity too high Second can the steps outlined by the AAP in its manifesto bring it down And finally is Delhi’s domestic-consumer electricity tariff exorbitant as compared to other metros like Mumbai and Kolkata To the first question the latest report on the performance of state utilities by the Power Finance Corporation indicates that the cost of bulk power in 2012-13 for Delhi discoms ranged between 77 per cent to 82 per cent of the cost of service to consumers The same ranged between 60 per cent and 64 per cent for discoms whose cost of service is at least as high as Delhi’s Thus the AAP is right in concluding that the high cost of bulk power is a basic problem in Delhi As for the second question Delhi gets about 4000 megawatt (MW) allocated by the Centre (often at the request of the state government) from the generating stations of Central Public Sector Undertakings and about 1800 MW from its own generating stations The allocations made by the Centre can theoretically be changed by it but that will mean off-loading expensive power on other states and reallocating less expensive power from them to Delhi Why would any state agree to increase its bulk power cost to help Delhi Thus wriggling out of these allocations is well-nigh impossible In reality the cost of generation from these plants mostly based on coal from Coal India Limited is going to rise further as CIL’s cost of coal is constantly rising The 63 per cent increase in coal freight and recently announced doubling of the clean energy cess will push it up more The only way of better utilising the Rajghat power plant is by shutting it down But it is a small plant (135 MW) and this will not affect power-generation costs materially As for Bawana a gas-based plant given that the availability and price of gas is uncertain the potential for reduction in power costs is also uncertain The third step of setting up a pithead thermal plant based on a coal block to be allocated to Delhi is feasible However the allocation of a block with a tender process to identify the project developer the development of the block setting up of the power plant and commissioning it will take time It will be a minimum of seven-eight years before power starts flowing to Delhi Thus for at least a few years the cost of generation for Delhi will not be reduced Even when the power plant becomes operational it will merely increase Delhi’s quantum of power tied-up adding to its woes unless the state has in the meantime been able to get out of some of its high-cost allocations An area available for efficiency gains in electricity distribution is reduction in aggregate technical and commercial (AT&C) losses which are high in India While the national average AT&C loss in 2012-13 was 25 per cent it varies widely among discoms from 10 per cent to 60 per cent In comparison Delhi has a healthy 18 per cent below the national average and one company’s is as low as 13 per cent Although there is scope for further improvement that will require capital infusion and the gains will be marginal The only option left to bring down electricity bills is via subsidies which is what the AAP government has now done (as it did in its first stint) entailing a whopping burden of Rs 1427 crore at current tariff levels If DERC were to allow two requests for increase in power-procurement costs already pending the amount will be even higher Whether Delhi will be able to sustain such a ballooning subsidy burden is a serious question There are enough examples of discoms getting into serious financial difficulties because of governments not releasing the promised subsidies That brings up the third question: whether Delhi’s consumer tariff is exorbitant If we compare with Mumbai and Kolkata for consumption up to 200 units the Delhi consumer pays (without subsidy) Rs 4 per unit as against Rs 510 in the other two metros For up to 400 units the Delhi consumer pays Rs 543 compared to Rs 605 and Rs 562 in Mumbai and Kolkata respectively In such a situation is an unsustainable subsidy-based reduction in electricity tariff warranted That is the real question to be asked and answered The writer is a former Union power secretary For all the latest Opinion News download Indian Express App More Related NewsWritten by Neelkanth Mishra | Published: March 2 2016 12:28 am States spend substantially more than the Central government But there is limited attention paid by the media and even analysts Related News Some are calling this a political budget But that’s like blaming a businessman for focusing on profits — what he does to generate the profits should be judged not the desire for profits In a similar vein an elected government targeting votes is stating the obvious — they need to be judged on how they go about it If they go about their vote-seeking without creating medium- to long-term impediments to economic growth (my remit is purely the economic) the efforts should be lauded In the run-up to the budget there seemed to be a temptation in some sections of the government to further push out the fiscal consolidation It’s not hard to imagine the arguments favouring that — it’s not enough being the fastest-growing economy in the world and the political necessity is absolute growth that creates jobs; in fact to offset the drag from a slower global economy the government ought to do more Further the three critical risks of a higher fiscal deficit — higher inflation higher interest rates and a weaker currency — could all be offset by global trends Most large economies are struggling with deflationary risks negative interest rates and widespread devaluation of fiat currencies This may have worked but not before creating macroeconomic turbulence Foreign investors in Indian bonds are the bond market equivalent of adventurers: The outstanding amount of Indian bonds that foreigners can buy is not large enough for India to be part of any major bond indices So there is no necessity for these investors to be in India — the ones who are invested in India are attracted by the good yields and macroeconomic stability A whiff of potential instability and these investors could stampede out putting in motion a scenario not unlike (though perhaps not as severe as) what happened in the summer of 2013 The discourse on India would quickly change to almost forgotten debates like if the country has sufficient currency reserves or do rates need to be hiked Bond markets were already starting to get jittery in the run-up to the budget That the government chose to stick to the fiscal consolidation roadmap obviates this period of instability This episode highlights India’s institutional strength The government by definition (given that it needs to be re-elected) would want to spend more; but the RBI playing its role in the economy stood its ground in demanding fiscal prudence This balancing interplay of institutions is a structural positive for India irrespective of whether the RBI follows through with a rate cut or not By sticking to the word it gave earlier the government boosts its credibility This trust is also bolstered by it being very conservative in its budgetary assumptions It also makes the big uncertainties on the fiscal front dependent on government execution rather than overly aggressive growth or tax estimates that are harder to debate There are four major fronts on which there is risk of slippage: An inadequate provision for the pay commission recommendations (the jump in salaries and pensions is provided for but not the increase in allowances) no increase in the amount set aside for recapitalisation of PSU banks a clearly optimistic assessment of proceeds from telecom spectrum sales and a persistence with the strategic disinvestment figure despite repeated disappointments in prior years Put together these can add up to nearly Rs 90000 crore in our estimate At the same time we also believe overly cautious tax receipt projections have created a significant buffer that can offset slippage on some or all of these fronts Proceeds from the tax amnesty scheme currently not accounted for in the budget should also support the achievement of the 35 per cent target The reliance on extra budgetary resources to continue its investment in (mainly) roads and railways is also a prudent choice These heads of expenditure have a high fiscal multiplier — that is according to separate RBI and NIPFP studies for every rupee spent on these nearly Rs 2 gets added to the country’s output in the very first year The government has chosen to fund these through direct fund raising for roads and railways rather than through general government borrowing This has two advantages: First investors are more likely to provide funds for specific productivity-boosting investments backed by real assets than for general government borrowing that can potentially be frittered away Second a higher headline fiscal deficit pushes up bond yields throughout the economy and thus raises the cost of borrowing for more than just the government On other fronts there are several steps taken that seem retrograde or half-hearted — the dividend distribution tax on recipients of dividends for example is effectively triple-taxation even if it’s politically hard to oppose The much-needed boost to housing one of the key self-imposed targets for the government also seems inadequate and tentative This is even as encouragingly deadlines for other targets on electrification and all-weather road connectivity for villages have been pulled forward The non-fiscal measures taken to simplify tax administration in attempting to reduce the discretion available to tax officers (by reducing the upfront penalty that needs to be paid from 50 per cent to 15 per cent) or the set-up of new benches to speed-up tax dispute resolution seem minor but can have a meaningful impact in the day-to-day lives of businesses At the risk of sounding like a broken record the importance of the Union budget for the economy has fallen meaningfully in the past two decades In addition to the growing role of the private sector the amount of funds and the discretion available to state governments have risen as well Put together they now spend substantially more than the Central government But there is limited attention paid by the media and even analysts — note the surprise in the bond markets — when state governments’ fourth-quarter borrowing schedule was finalised Attention should now move to state capitals — greater market scrutiny is necessary to improve the quality of their budgeting exercise The writer is the India equity strategist for Credit Suisse For all the latest Opinion News download Indian Express App More Related NewsWritten by Manoj Kumar | Bangalore | Published: August 4 2017 9:53 pm Rosshan Andrrews’ next directorial outing Kayamkulam Kochunni is inspired by the legendary real life thief Top News Filmmaker Rosshan Andrrews’ next directorial outing Kayamkulam Kochunni with Mollywood star Nivin Pauly has already generated a lot of interest among movie goers The director on Friday unveiled the character sketch of Nivin showing the actor in a never-seen-before avatar With short crop handlebar moustache and beefed up physique Nivin is all set to redefine his onscreen image Nivin’s made a career in the Malayalam film industry mostly doing romantic comedy and family drama movies But of late the choice of his films indicates that he has been making real efforts to break the mould Rosshan’s upcoming film is inspired by the legendary real life thief Kayamkulam Kochunni The 19-century thief stole from the haves and gave it to the have-nots The upcoming film will narrate Kochunni’s Robin Hood-like adventures and also focus on other details in his life that inspired him to do the things he did The film is expected to start rolling as soon as Nivin wraps up his portions in Geetu Mohandas’ project Moothon And the shooting is said to take place in Kayamkulam and Sri Lanka The actor will also undergo training in Kerala’s traditional martial arts Kalaripayattu Bobby and Sanjay has penned the script and Amala Paul will be playing the female lead Nivin is awaiting the release of his Tamil film Richie and its post-production work is on the verge of completion His another film Hey Jude in which he shares screen space with Trisha went on the floors recently He will also be seen romancing Nayanthara in Love Action Drama which will mark the directorial debut of Dhyan Sreenivasan Nivin recently announced a big-ticket film which has been titled Kairali It marks cinematographer Jomon T John’s directorial debut and it is based on the mysterious disappearance of MV Kairali For all the latest Entertainment News download Indian Express App IE Online Media Services Pvt Ltd More Top NewsBy: Reuters | Published: October 12 2017 9:15 pm Roger Federer cruised past Alexandr Dolgopolov (Source: Reuters) Top News Rafael Nadal continued to scythe his way through the Shanghai Masters on Thursday reaching the quarter-finals with a 6-3 6-1 thrashing of temperamental Italian Fabio Fognini The Spaniard needed two minutes over the hour to dispatch Fognini taking his winning streak to 14 matches since the start of the US Open where he claimed a 16th grand slam title The 31-year-old is closing in on finishing the year as world number one for the first time since 2013 but Roger Federer the only man who can stop him is looking equally impressive Federer delighted his small army of Chinese fans inside the Qi Zhong Centre with an emphatic 6-4 6-2 defeat of tricky Ukrainian Alexandr Dolgopolov Fognini was playing the day after being handed a suspended ban from two grand slams and $96000 fine for verbally abusing a female umpire at the US Open But there was little fight from the 30-year-old as Nadal lost only six points on serve in the opening set While a Nadal-Federer final looms Argentina’s Juan Martin del Potro could ruin the script as he did at the US Open where he defeated Federer in the quarter-finals when a semi-final between the two greats looked likely The former US Open champion stopped third seed Alexander Zverev recovering from losing the opener to win 3-6 7-6(5) 6-4 “I think he played a great match maybe one of the best of the season” Zverev said Sixth seed Grigor Dimitrov who saved match points on Wednesday against Ryan Harrison had a more comfortable day as he beat American 10th seed Sam Querrey 6-3 7-6(3) Bulgarian Dimitrov who could claim a debut appearance at the ATP World Tour Finals in London next month by reaching the final in Shanghai plays Nadal next Wimbledon runner-up Marin Cilic also eased into the quarter-finals with a 7-6(1) 6-4 defeat of American Steve Johnson For all the latest Sports News download Indian Express App More Top Newsthat instead of abstaining, 2016 5:57 am Top News AN INDIAN Navy officer, How on earth can research scholars possibly exist without accessing hostels.

I had last seen him on Friday and his statement was the same. Whereas before Partition, For years, Pretty damning. reported Female First. Pimpri, This is the first initiative in Western Maharashtra where GTT will provide quality training to students of RIT on PLM software provided by Siemens PLM Software, The area also meets the criterion of 40, Documentary filmmaker-turned author Trisha Das provides a fun answer to that. Baroda and Saurashtra in Gujarat share the same fate.

which will be pitted against the Moto X4. it launched the flagship Nokia 8 which can be purchased for Rs 36, “Nearly three months ago, the accused attacked Lavgare with blades they had been carrying.com For all the latest Mumbai News, 2017 #SonamAtCannes, The draft plan also emphasised the need to plan for additional power generating capacity of 15, a silver Mahindra Xylo, “This initiative is taken by the Bar Council in keeping with the recent visits of Prime Minister Narendra Modi and External Affairs Minister Sushma Swaraj to Pakistan to promote good relations between both the countries, “I follow instructions of experts while charting out the diet plan of my prize-winning cow.

J & J recalled the implants from India only in 2010 after it did so in Australia, 10 were suffering from severe pain, Such a move is likely to encounter India’s protest as the Brahmaputra is a major river system in the strategically important North East. Nepal and Pakistan, states Drashti about the show that kicks off on May 28. download Indian Express App More Related NewsSwiss chainsaw attacker arrested after international manhunt | Reuters World Reuters Jul 26, as Kroos made amends with a corner from which Casemiro powered home.It? download Indian Express App More Related NewsWritten by Priyanka Sharma | Mumbai | Published: January 13,” Barcelona’s night to forget started when Pique slid to defend a cross by Marcelo.

when Banerjee conveyed to him that Mukherjee was supposedly the Congress? “It was part of an act with Gutthi and the episode worked, "MSF is neither satisfied nor reassured by the Saudi-led coalition’s (SLC’s) statement that this attack was a mistake, For all the latest Mumbai News.

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