Last couple of days a critical and important piece of news that has been doing the rounds of the newspapers is the future of the Pune Power Model. MERC or the Maharashtra Electricity Regulatory Commission recently passed a judgment stating that the MSEDL or the Power Distributor needs to suspend the Pune Power Model. Ok so how does this make any difference? Well to understand this in greater detail lets first understand the Pune Power Model. The Pune Power Model is a scenario where some 80 odd major power consumers in Pune decided that they would generate their own Power and the difference between the cost of captive power generation and the grid based power cost will be borne by the Power consumers in Pune. In return for bearing this additional cost the consumer will not face any power cuts. This model has been working smoothly for the past 2 years. However, it needs to be remembered that as a city Pune has been experiencing a growth that far surpasses Mumbai. This inevitably has lead...
SSRN : Simon School of Business Working Paper Series
Good site for Economics Research working papers on Financial Economics. Definitly have a look at the same.
Cheers
Pushkar
Tibet is back in news and this time not for Beijing-Lhasa Train project, but for the pro-autonomy and Anti-Chinese demonstrations. The current wave of violence happens at a time when China can least afford it and is a renewed wave that takes place after a gap of nearly 20 years. In 2008 Beijing will host the Olympics and the current demonstrations don't augur well with its plan to emerge on the world space as a super power in a otherwise uni-polar world dominated by the US. The Chinese build up for the Olympics has meant that most of the development and investments have been focused on Beijing and a couple of large cities. This development has been at the cost of Rural China. The situation has reached a point where the Communist Party leaders from the provinces surrounding Beijing have started complaining about the water shortage . A case in point being the province of Hebei which has been suffering from a severe drought but has to make arrangements to supply a additional 3...
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