Productive and sustainable job creation, along with increased and better-targeted social expenditure, are the only routes to permanently beat the poverty trap and to bring our social indicators on par with developed countries.
Western countries have gone through their development cycle and enjoyed the fruits of ruining the environment over many years and are now giving us homilies and pontificating on responsibilities to the environment. I think they need to look inward.
UDAY is meant for financial and operational turnaround of discoms.
India doesn't take responsibility for the problems that the world is facing because of thermal coal.
You can't sell thermal power without the competitive bidding.
Wind developers have realised the importance of transparent method of price discovery, which was demonstrated in the solar sector. They realise that bidding brings in efficiency, and tariff is right-sized.
