Citizens' Issues
Essential services may get separate power transmission grids

Indian government is mulling setting up separate electricity transmission islands for essential services like Railways and Airports, besides major cities to insulate them power crisis

 
New Delhi: Jolted by the worst-ever blackout, the Indian government is mulling setting up separate electricity transmission islands for essential services like Railways and Airports, besides major cities to insulate them from any similar crisis in the future, reports PTI.
 
Power Secretary P Uma Shankar said, "Some of the areas would be insulated from these kind of incidents, we are looking at that...they may be based on geography or services, we are looking into it." 
 
"We are working on whether we can have separate kind of (transmission) islands which would be insulated from these kind of incidents," Shankar told reporters.
 
In the worst ever power crisis, over half of the country's 1.2 billion population in 21 states went without electricity for several hours yesterday as three major transmission grids failed, bringing northern, eastern and north-eastern regions to a grinding halt.
 
The failure came less than 24 hours after the Northern Grid on Monday collapsed and was later revived.
 
The Power Ministry has constituted a three-member committee comprising Central Electricity Authority Chairperson AS Bakshi, CMD Power Grid RN Nayak, CEO POSOCO (Power System Operation Corp) SK Soonee to look into the power grid failures.
 
"We have to take the best possible step subsequently in few days more measure will come. Power Grid has taken a lot of global best practices its an evolving system we are continuously doing that (adopting best grid practices).
 
"We need to look at the different aspects of this problem and then come up with a reason as to why it happened.
 
Overdrawal, overloading, all these things are being talked about, the committee will find out the reasons," Shankar said.
 
The proposal for setting up a dedicated transmission network for essential services or cities may be inculcated in the report. However, nothing is finalised as yet.
 

User

Naga woman held from AP for conning investors of Rs11 crore

Rosemary Jamir, secretary of Tropogan Farmers' Society from Dimapur in Nagaland, collected Rs24.7 crore through seven agents in AP, disbursed Rs13.7 crore to gain investor's confidence and then disappeared with Rs11 crore

 
Hyderabad: A woman from Nagaland has been arrested from Vijaywada in Andhra Pradesh on charge of duping investors to the tune of Rs11 crore through a money circulation scheme, reports PTI quoting police.
 
Rosemary Jamir, secretary of Tropogan Farmers' Society from Dimapur in Nagaland, who is one of the accused in the case, was picked up from Vijayawada by a CID team, they said.
 
Rosemary had appointed seven executive members for Andhra Pradesh for the purpose of collecting funds from unsuspecting investors, who in turn through the network of 52 agents amassed Rs24.70 crore and disbursed Rs13.70 crore to gain confidence of investors before winding up their firm and disappearing with Rs11 crore.
 
An office was established at Dilshuknagar here which was maintained for about eight months before it was shut down, police said.
 
According to police, Rosemary had entered into a partnership deed with the executive members in 2011 to share the proceeds to be collected from investors.
 
Lands and buildings were purchased by the executive members in and around Nellore and Krishna districts of the state.
 
CID has identified several properties in this regard, which will be attached, while further investigations are on, according to a CID release.
 

User

Atul Auto Q1 net profit up 17.6% to Rs3.87 crore

Despite general slowdown in the economy, the three-wheeler maker reported robust sales of Rs76.8 crore, an increase of 26%

 
Mumbai: Three-wheeler maker Atul Auto reported a 17.6% growth in net profit at Rs3.87 crore for the first quarter ended June 2012, on the back of significant increase in demand, reports PTI.
 
The company had posted a net profit of Rs3.29 crore in the same period last fiscal.
 
Net sales also grew 26% to Rs76.79 crore from Rs60.89 crore in the corresponding quarter last fiscal, the company said in a release here.
 
The company sold 6,841 units in the April-June quarter of the current fiscal as compared to 5,583 units in Q1, FY2011-12, it said.
 
Commenting on the results, Atul Auto Ltd Director Vijay Kedia said, "Looking at the tough economic environment, it is an outstanding performance. The quarter, despite general slowdown in the economy, continued to witness a significant increase in the demand for our products." 
 
The company is optimistic about further growth, he said, adding, "We are now focusing on expanding the presence of our offerings pan-India."  
 

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)