Uniformity Of Electricity Prices In India – Will It Work Out
BUSINESS ECONOMICS|April 1-15, 2019

The central government in various podiums claimed that they were able to bring the ‘One Nation one Tax’ system in the country.

D Radhakrishna
Uniformity Of Electricity Prices In India – Will It Work Out

On similar lines now, demand is being raised at certain levels that electricity prices all across the country atleast for the domestic sector - are made uniform so that the present punch being faced at metropolitan cities is reduced.

Even during the recently concluded elections, electricity prices and its availability were among the main issues. The Schedule 12 of the Concurrent List of the Indian Constitution calls for maintaining uniformity in the policies that are aimed at electricity production. This has been reflected in most states where within states, an uniform approach is maintained with uniform tariff, barring Maharashtra and Gujarat that are supplied by private players as well.

The issues

The market of electricity is dominated by the national grid through its power plants totalling 3,50,000 MW installed capacity. Theoretically, either input material is transported or electricity is transmitted. Other heterogeneous modes of production such as coal, gas, nuclear and renewables also contribute to the supply of the heterogeneous consumer segment which ranges from agriculture to public utility such as railways and roads. The variation of production pricing is assumed by the state on a pooled basis.

At the level of supply, the bulk consumer takes a higher voltage in contrast with low consumer who takes, say 230 volt, but the prices of transmission and wheeling often hike electricity prices that the bulk consumer subsidises. This approach of ‘high consumption, high price’ is disgruntling users. This policy is countered by the policy on agriculture market that gives the responsibility of subsidy to the state.

Esta historia es de la edición April 1-15, 2019 de BUSINESS ECONOMICS.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición April 1-15, 2019 de BUSINESS ECONOMICS.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS ECONOMICSVer todo
Deposit shortage: challenges facing India's banking ecosystem
BUSINESS ECONOMICS

Deposit shortage: challenges facing India's banking ecosystem

In any macroeconomic framework, the household sector plays a critical role as a driver consumption, savings, and overall economic activity.

time-read
4 minutos  |
November 01 - 30, 2024
India's future dreams in Semiconductors & AI
BUSINESS ECONOMICS

India's future dreams in Semiconductors & AI

A midst the gloom of the RG Kar affair or the Tirupati laddu scam or even the continued terrorist attacks in Jammu & Kashmir, even after the completion of the first general election in the state, we find hope and encouragement when the founder of Nvidia, Jensen Huang, in his recent visit to India says \"India will be a gigantic opportunity for us\".

time-read
2 minutos  |
November 01 - 30, 2024
The Ramayana: Justice and Modern Man
BUSINESS ECONOMICS

The Ramayana: Justice and Modern Man

Consisting of Twenty-Four Thousand worthy Sanskrit verses, the Ramayana is one such epic, which provides a pathway to one committed to justice to establish himself as an ideal human being by following the exemplary life of its hero.

time-read
6 minutos  |
November 01 - 30, 2024
Vallabhbhai Patel: A Sardar of Farmers, A Matchless Social Reformer and the Maker of United India
BUSINESS ECONOMICS

Vallabhbhai Patel: A Sardar of Farmers, A Matchless Social Reformer and the Maker of United India

Sardar Vallabhbhai Patel was instrumental in unifying the princely states to form the Union of India.

time-read
5 minutos  |
November 01 - 30, 2024
Understanding Prosperity: NOBEL Prize awarded for groundbreaking research on institutions and economic development
BUSINESS ECONOMICS

Understanding Prosperity: NOBEL Prize awarded for groundbreaking research on institutions and economic development

The Royal Swedish Academy of Sciences has awarded the Memory of Alfred Nobel to three US-based economistsDaron Acemoglu, Simon Johnson, and James A. Robinson\"for their studies on how institutions are formed and affect prosperity.\"

time-read
2 minutos  |
November 01 - 30, 2024
Sinking Resources: Groundwater crisis and sustainable solutions in Kolkata
BUSINESS ECONOMICS

Sinking Resources: Groundwater crisis and sustainable solutions in Kolkata

Kolkata's underground water crisis is becoming a serious issue, driven by rapid urbanization and the construction of high-rise buildings.

time-read
4 minutos  |
November 01 - 30, 2024
Tourism Industry positively impacted by the festive season
BUSINESS ECONOMICS

Tourism Industry positively impacted by the festive season

Diwali transforms streets into a spectacle of festive lights, Diwali transforms streets into olis, and families gearing up for grand celebrations.

time-read
2 minutos  |
November 01 - 30, 2024
RBI's Shift to a Neutral Stance: Signaling a New Phase in Monetary Policy
BUSINESS ECONOMICS

RBI's Shift to a Neutral Stance: Signaling a New Phase in Monetary Policy

For over a year, the Reserve Bank of India (RBI) has taken a firm stance against inflation, raising interest rates by 250 basis points between May 2022 and February 2023 in response to post-pandemic price pressures.

time-read
1 min  |
November 01 - 30, 2024
UK Budget
BUSINESS ECONOMICS

UK Budget

There _ he latest UK budget represents a departure from previous fiscal documents.

time-read
2 minutos  |
November 01 - 30, 2024
Han Kang's Historic Nobel Prize Win
BUSINESS ECONOMICS

Han Kang's Historic Nobel Prize Win

The 2024 Nobel Prize in Literature has been awarded to T South Korean writer Han Kang, 53, known for her works including The Vegetarian, The White Book, Human Acts, and Greek Lessons.

time-read
2 minutos  |
November 01 - 30, 2024