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Changing dashboard – Power, Infrastructure, Finance & Politics

, February 11, 2016, 0 Comments

changing-dashboard-power-politics-infrastructure-financeMiles to cover for the power sector in India, Could you elaborate on this?
India ushered in power sector reforms, with enactment of Electricity Act 2003. After more than two decades, reliability of power in India remains elusive. A large number of State Electricity Boards (SEBs) are running losses.  The debilitating losses of SEBs have its roots in the inappropriate pricing policies of electricity supply. There exists huge cross subsidization with industrial consumers paying way above their cost of supply. Power for all by 2012 has remained elusive. Various reforms have failed to arrest the transmission and distribution losses.

What all we can learn – best practices from Nordic markets and the world over to develop India’s infrastructure.
The Nordic   countries, (Denmark,  Finland,  Sweden  and  Norway) comprising of  the  Nord  Pool (the  pioneer   international power exchange in  the world) have  played an   exemplary   role in improving the power  situation in these countries. It combines a rich portfolio mix of thermal, nuclear, hydro and renewable   energy. By harnessing power from  different sources, countries benefit   from lower  prices through  a cost  optimizing  rebalancing of  hydel, thermal and  nuclear  power. The Indian Energy Exchange has been set up on the Nordic model. This exchange  deals in  electricity  contracts and  creates price  discovery for  short term  power  markets, which hitherto  was  absent. Like  Nordic  markets  if  cross  border  electricity trading is  facilitated, India too  would play  an  eminent role as  a  regional power  exchange in  South Asia

Importance of Cold Chain in Indian Food Industry is exaggerated or is it the need of the hour?
India is a favorable  destination for  growth in the food industry, the Indian  Food industry is  expected  to  reach  $258 billion from  the  current level of  $181billon. However, one of the key impediments has been an inadequate cold chain supply for  food. These cold  chains  are  vital, for  food  requires  temperature  controlled  conditions to  retain  quality, safety and avoid  wastages. Proper Cold Chain management will lead to optimization of product quality and minimization of food losses.

About the book:
The changing dashboard of sustainable economic and political development of India

The political landscape of India is fast changing. Indian economy needs to leap frog and rediscover higher growth trajectories. These growth trajectories have to be treaded without compromising sustainability. A greener planet requires cleaner and greener technology, which is efficient as well as sustainable. Such economy requires robust markets and infrastructure.

P V Rajeev
is an economist by profession and retired from the Government of India in 2012 as Economic Adviser after having served in the government for 32 years.

Sarika Rachuri is a faculty in Economics with IBS, Mumbai. She has 16 years of varied experience in academics, research, training and consultancy.

Anju Bharti is presently working as an Assistant Professor at Maharaja Agrasen Institute of Management Studies, Delhi and has an experience of 9 years in teaching.

The book was released by Prof. Y. K. Bhushan, Senior Advisor & Campus Head of IBS Business School, Mumbai, and Mr. D. S. Kolamkar, retired as a Senior Adviser in the Ministry of Finance Department of Economic Affairs in the Government of India.

Venue:  IBS Business School, Mumbai.



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