Regulations
HC refuses to interfere in odd-even scheme
New Delhi : The Delhi High Court on Monday refused to interfere in the Delhi government's 15-day odd-even restrictions for cars aimed at curbing air pollution.
 
A division bench of Chief Justice G. Rohini and Justice Jayant Nath said it will not "interfere unless the policy is unconstitutional or contrary to the statutory provisions".
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Reliance Group's Sasan power project gets nod for higher tariff
New Delhi : In a significant relief for Reliance Power's 3,960-MW Sasan project, the regulator has approved an annual hike of 9 paise or 7 percent in tariff over its entire 25-year contract period, that translates into an extra compensation of Rs.300 crore per annum.
 
The approval, based on what is called a change in law petition filed by the Reliance Group, has been awarded by the Central Electricity Regulatory Commission to Sasan Ultra Mega Power Project, set up in the Singrauli district of Madhya Pradesh.
 
"A one time compensation of Rs.271 Crore is also granted by regulatory commission till 31st July 2015," the company said in a statement, adding the regulator's directive also eases the way for future pass-through of compensation for the power project.
 
This, by way of a mechanism for the future payments toward changes in electricity duty rates and energy development cess that has also been approved by the regulatory commission in its 46-page order.
 
Reliance Power has a large largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy, with an operating capacity of 5,945 MW.
 
In April last year, the Anil Ambani-led Reliance Group had announced that it had fully attained commercial operations of the Rs.27,000-crore Sasan ultra mega power project, 12 months ahead of schedule, with all the six units generating 3,960 MW of electricity.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Targeting 50 crore internet subscribers in 6-7 months: Prasad
Mumbai : The government plans to reach up to 50 crore internet subscribers in next 6-7 months, besides installing 2,500 Wi-Fi hotspots at 256 places by the next fiscal, Telecom Minister Ravi Shankar Prasad said on Sunday.
 
"Today mobile penetration is 100 crore, while internet penetration is 40 crore. It took more than 3-4 years to become from 20 to 30 crore. It took less than a year to become from 30 to 40 crore and I have fixed a target of 50 crore," Prasad said at the launch of the Bombay Stock Exchange's (BSE) free public Wi-Fi service started in partnership with Tata Docomo.
 
"God willing, we will cross 50 crore in coming 6-7 months," he said.
 
The minister said the state-run BSNL aims to install 2,500 Wi-Fi hotspots at 256 places by the next fiscal.
 
The Digital India programme includes projects which aim to ensure that the government services are available to citizens electronically and people benefit from information and communication technology.
 
"Digital India will transform the country, and it is more for people like chaiwallas and paanwallas so that they can enhance their skills," Prasad said.
 
He also announced that the BSE, which is Asia's oldest stock exchange with 3 crore registered investors, would get its own postage stamp.
 
"In acceding to your (BSE) request to have postal stamp, I am feeling happy as it is the official recognition of the work you are doing," he said.
 
"Launched Free Public WiFi at @BSEIndia Mumbai," Prasad tweeted later.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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