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Political hardsell shortage
Is the Doha Development Round (DDR) dead, as the anti-globalisation activists claim? Not yet, said trade ministers of the 153 member-countries of the Word Trade Organisation at the seventh Ministerial Conference at Geneva last week. They ended the Conference with a general agreement to recommence the stalled negotiations of the DDR and take it to conclusion by the end of next year. Even such broad agreement was in sharp contrast to the acrimony and bitterness that characterised the earlier failed trade talks at Cancun and Hong Kong.

StatsGuru- 05-October-09
HOW MUCH THE RECOVERY HAS GAINED GROUND is best seen from the fact that the IMF has, once again, raised its forecast for global growth for 2009 as well as 2010. But, as was underlined at the G-20 meet, the recovery is fragile, heavily dependent upon government spending and support — global deficits are up 6 percentage points and governments in advanced economies have provided guarantees of over 30 per cent of their GDP to prevent their banks from collapsing.

News of the day

'Cross-border deals will drive M&As'
Shobhana Subramanian / Mumbai December 4, 2009, 0:53 IST
Management

Tata Power in position to add 30,000 more consumers by March

Tata Power Company today said it will be able to supply electricity to an additional 30,000 consumers in the city by March next year. - Tata Power with Norway firm to dev hydropower project - Tata Power net down 28% - 4,000 Mumbaikars may switch off R-Infra - R-Infra tells EGoM to stop RIL marketing margin - Reliance Infra wants EGoM to decide on marketing margin on D6 gas - ADAG firms" shares released from pledge The private sector utility will begin power supplies in a month to 4,000 more consumers in Mumbai who have changed over from Reliance Infrastructure"s distribution network. "So far, we have interest from about 30,000 consumers. We believe, by March, we will be in a position to transfer all of them. We expect more consumption (additional load) by 30 Mw by March 2010," Tata Power Company"s Executive Director (Finance) S Ramakrishnan told reporters here. Tata Power has so far received and processed 3,000 to 4,000 applications for a change-over to TPC"s distribution network from mainly residential consumers in Mumbai"s suburbs. "I think we have successfully processed applications of about 4,000 consumers. They will be given connections in a month"s time," he said. Tata Power"s current load across Mumbai stands at 400 Mw, which peaks at 477 Mw in summers. India"s largest private electricity producer presently supplies power to about 28,000 consumers in the metropolis. Between 40,000-50,000 consumers of Reliance Infrastructure have been waiting to switch-over to cheaper Tata Power for electricity connections over the past few months. The change-over process was delayed as the two firms differed over replacement of old meters of Reliance with new ones by Tata Power, meter-reading and wheeling charges. The Maharashtra Electricity Regulatory Commission (MERC), on October 15, provided an interim solution that said meters by Reliance would remain and that customers changing over to Tata Power would be billed as per those readings. Both Tata and R-Infra have been asked to provide change-over application forms at their respective consumer service centers and websites. The change-over process has to be completed within 30 days from receipt of a completed application by the new distribution licensee.


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