Power for All by 2012 - Bottlenecks and Strategies for Mission
Journal Title: JOURNAL OF COMMERCE AND TRADE - Year 2012, Vol 7, Issue 1
Abstract
Power is a key factor that contributes to the industrialization and the economic growth of a country. It is one of the most important infrastructures on which the development of various economic sectors of a country depend. Availability of reliable and quality power at affordable rates is very crucial. It helps to make the domestic market competitive globally and thus enhance the quality of life for people. The nuclear, hydro, and thermal energy are the prominent sources of electricity generation in India. In India, the power industry is huge. The Central Ministry of Power is the main authority responsible for the overall development of electrical energy. The ministry is in charge of planning, formulating policies, monitoring and implementing power projects, processing of projects for investment decision, and enacting legislation with regards to power generation, distribution, and transmission. In order to attract foreign investments into the power industry of India, the government has announced several policies and has taken initiatives from time to time. The most important amongst all the policies announced by the government is the enactment of the Electricity Act. The act was enacted in 2003. The act mainly aims to solidify the existing laws relating to the generation, distribution, transmission, and trading of electricity, promote healthy competition among companies in the power sector; and ensure that there is a supply of electricity to every nook and corner of the country. The Electricity Act also aims to rationalize electricity charges, promote efficient and environmentally favorable policies. Moreover, the Central Ministry of Power has set an ambitious plan of “power for all by 2012”. While the power sector in India has witnessed a few success stories in the last 4-5 years, the road that lies ahead of us is dotted with innumerable challenges that result from the gaps that exist between what’s planned versus what the power sector has been able to deliver. This document highlights and quantifies some of these gaps and attempts to analyze the problem.
Authors and Affiliations
Nisha Jain
Keywords
Related Articles
- EP ID EP249950
- DOI -
- Views 103
- Downloads 0
Recent Trends in Performance Appraisal System in Private and Public Sector Banks In India
This paper deals with the prevailing Performance Appraisal System in Indian Banking Industry. This survey conducted in some public and private sector bank. Today latest mantra as being followed by organizations across th...
Women’s Empowerment through MGNREGA
The Purpose of this paper is to highlight the impact of women empowerment through MGNREGA. Overall preliminary finding confirm that the MGNREGA has the potential to stimulate local development, if the management and deli...
An Evaluation of Human Resource Policies of Moser Baer India Limited
Indian economy has been in the picture of a major restructuring on its way to globalization. Increased economic activity is posing major challenges and also at the same time, it is offering numerous opportunities. Human...
Impact of Training & Development in Public Sector Enterprises(A Case Study of BHEL & HMT)
Training and development refers to the practice of providing training, workshops, coaching, mentoring, or other learning opportunities to employees to inspire, challenge, and motivate them to perform the functions of the...
Impact of Promotional Activities, After Sale Services, Mileage and Resale Value on the Purchase Decision - A Consumer Behaviour Study in Automobile Industry
In this research paper an attempt has been made to know the Impact of Promotional Activities, After Sale Services, Mileage and Resale Value on the Purchase Decision. The research will help the manufacturers of four wheel...