Only those residential category consumers whose average monthly consumption over the previous 12 months is up to 300 units a month, shall be eligible to changeover from Reliance Infra to Tata Power, the MERC said
Syndicate Bank CMD MG Sanghvi said the latest initiative will help the bank ramp up fee-based income, with its branches catering to various investment needs of the customers
Difficult compliance requirements in coal mines, where the mining operations are in full swing, have led to blowing away coal bed methane at a great loss to the exchequer. The coal and petroleum ministries ought to work out strategies to prevent this colossal waste
There is something radically wrong in our bureaucratic system of governance. Somehow or the other, each ministry, instead of working together, is bent upon being a stumbling block in the national development.
There can be no businessman who can say, without fear of contradiction that his project went through like a shot, for he followed, in letter and spirit, all the laid down rules and that he faced no stumbling blocks and no palms were greased! We all look forward to this day!
Take a look at the issue of coal bed methane (CBM). According to press reports, ONGC has so far spent some Rs600 crore since 2008 and got a measly revenue of Rs3 crore from CBM from the Jharia fields. The company has openly stated that it faced one bureaucratic hurdle after another and got nowhere.
Meanwhile, it has been simply using fans to blow away coal bed methane (CBM) worth millions of rupees. Why ONGC alone? In fact, all the coal mines in operations just do the same! What a national colossal waste?
The importance of CBM is evident from the fact that there are 220 CBM projects in operation in 14 countries with Australia being singled out as a very successful miner in this area.
Coal India, on the other hand, has categorically advised the coal ministry that it cannot extract CBM because it has to comply with the Coal Miners Act and also be able to meet the rules pertaining to price and allocation directives of the petroleum ministry.
Why can’t the coal and petroleum ministries sit together and bring about the required amendments to the existing rules that govern their inter-related operations, and frame a single regime that can be applied simultaneously without conflict of interest?
At the moment, because of the difficult compliance requirements in all the coal mines where the mining operations are in full swing, we are simply blowing away CBM at a great loss to the exchequer. Only a guesstimate can be made of this loss and that too, notionally!
(AK Ramdas has worked with the Engineering Export Promotion Council of the ministry of commerce and was associated with various committees of the Council. His international career took him to places like Beirut, Kuwait and Dubai at a time when these were small trading outposts; and later to the US. He can be contacted at [email protected].)