Economy
Power ministry: Series of false claims, marginal improvements
“Highest-ever” addition of power-generation capacity (22,566 MW) in a single year; power generation touching the trillion-unit mark; lowest-ever (3.6 percent) power deficit; and a 32-million-tonne increase in coal production.
 
These are some of the claims made by the ministry of coal and power in its performance report card. However, Factchecker trawled the data and found selective and exaggerated reporting.
 
1. “Highest-ever” growth in power-generation capacity: If you juggle the data
 
Claim: 22,566 megawatts (MW) in power-generation capacity, the “highest-ever growth in a single year”, according to the power ministry.
 
Reality: Comparable capacities were added during 2011-12 (20,502 MW) and 2012-13 (20,623 MW). If you consider the highest-ever growth in “power capacities added” between consecutive years, it actually happened between 2010-11 and 2011-12, when 8,341 MW capacity was added.
 
2. First time in Indian history, a trillion units: 3.4 percent growth over previous year
 
Claim: One trillion units of electricity were generated last year; first time in history.
 
Reality: From 772 billion units of electricity generated during 2009-10 to 967 billion units during 2013-14, power generation rose by about 200 billion units in five years, a growth of 25.4 percent.
 
So, it required only an additional 33 billion units, or 3.4 percent, to touch the trillion-unit mark.
 
3. Lowest-ever power deficit: 0.6 percent reduction from previous year
 
Claim: Deficit reduced to 3.6 percent, “the lowest ever”.
 
Reality: The deficit declined from around 10 percent during 2006-10 to 4.2 percent in 2013-14. The power deficit of 4.2 percent in 2013-14 was the lowest until then. So, the power deficit declining to 3.6 percent during 2014-15 was a reduction of 0.6 percent compared to the preceding year.
 
4. “Significant increase” in wind-energy capacity: Higher increases in 2010-11 and 2011-12
 
Claim: Wind-energy capacity installed during 2014-15 was 2,312 MW, compared to 2,083 MW during 2013-14, a “significant increase”.
 
Reality: Higher capacities were installed during consecutive years, 2010-11 (2,349 MW) and 2011-12 (3,196 MW).
 
5. “Significant increase” in small hydro projects (SHP): 101 MW in 2011-12
 
Claim: Capacity installed during 2014-15 was 251 MW compared to 171 MW during 2013-14 - a “significant increase”.
 
Reality: SHP capacities added during 2011-12 and 2012-13 were 352 MW and 237 MW, respectively
 
6. Four-year record in coal production: Not according to data given to parliament by a minister.
 
Claim: Increase of 32 million tonnes in 2014-15; output at 494 MT in 2014-15, compared to 462 MT in 2013-14; “increase higher than increase in previous four years”.
 
Reality: The production figure of 462 MT during 2013-14 does not match data tabled by the coal minister in Parliament on July 17, 2014. That data puts coal production during 2013-14 at 566 MT and not 462 MT.
 
More significantly, coal production of 494 MT in 2014-15 is less than the coal production during each of the previous five years (2009-10 to 2013-14).

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COMMENTS

NANDAKUMAR M S

2 years ago

Super! You are saying coal production has actually decreased on the basis of claim by the data by previous Govt. What is the basis of accepting one data over other? And even routine statements seem to have been taken out of context (as great claims) and you trash it. Anyway within a year no Govt. could have done a lot -it requires at least 3 years to even compare. And why are you not comparing the immediate years which would give trend? Expect more intellectual reporting from moneylife!

India-born engineer's roti maker gets $11.5 mn investment
An Indian-origin engineer in Singapore who invented an automatic one-minute roti maker machine seven years back has now fetched a second round of investment of $11.5 million from venture firms, a media report said.
 
Pranoti Nagarkar-Israni, a mechanical engineer from the National University of Singapore, came up with a prototype for an automatic roti maker which won her the "Start-Up Singapore" competition in 2009.
 
She later floated a product design company called Zimplistic with her husband to promote the roti maker brand called Rotimatic.
 
Zimplistic has now announced an investment of $11.5 million from Southeast Asia-based NSI Ventures and Germany-based Robert Bosch Venture Capital, web portal TechinAsia.com reported.
 
"It has been an amazing year for us and these new partnerships will only help to improve what we see as a revolutionary product that enables families to eat healthier," Rishi Israni, Pranoti's husband and CEO of Zimplistic, was quoted as saying.
 
The automatic roti maker is smart enough to use its 15 sensors to figure out the ingredients put in it and the measures in which to combine them.
 
The user needs to put in the ingredients in the given containers and press a button.
 
Within a minute, a flat, circular roti slides out of the machine - much like a sheet of paper that comes out of a photocopier.
 
The machine also allows its users to customise the doughballs and flour discs.
 
Within a week of the launch of its beta version last year, $5 million worth of roti makers priced at $999 each were sold and Zimplistic had to close pre-orders.
 
Today, there is a huge waiting list for roti makers and over 5,000 requests for distribution partnerships from around the world are pending with the firm.
 
"With this funding, Zimplistic plans to finish the Rotimatic beta, accelerate manufacturing rollout and set up operations in international markets to fulfil the big demand," Israni said.
 
This new round of funding has been secured just few months after raising the first round of investment worth more than $1 million from NSI Ventures.

User

COMMENTS

Bapoo Malcolm

2 years ago

Singapore Dollars? But still Rs. 46,000/- Let's hope economies of scale make it cheaper. I love fresh rotis.

Bharti Airtel launches 4G trial in four cities
Bharti Airtel rolled out fourth generation (4G) trials in four cities on Friday, a company statement said here.
 
The cities are Rourkela in Odisha and Manipal, Udupi and Tumkur in Karnataka. With these launches, the company now offers 4G in 44 cities in India. The company first launched its 4G services in Kolkata in April 2012.
 
The statement said Bharti Airtel customers in these cities can now avail a complimentary upgrade to Airtel 4G at 3G prices.
 
Airtel has also announced a go-to-market partnerships with Samsung and Flipkart for 4G devices.

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