ON MAY 14, FINANCE MINISTER Nirmala Sitharaman announced a Rs 90,000 crore liquidity provisioning for distribution companies (discoms) to clear their dues with power generation companies (Rs 88,495 crore as of March 2020). The power ministry has unveiled two big reforms—the Atal Distribution System Improvement Yojana (ADITYA) and the New TariffPolicy (NTP). On May 16, Sitharaman announced the NTP, along with provisions to increase the pace of mining of coal and minerals— including the auction of 50 coal blocks to bring private players into the sector.
₹90,000 cr Liquidity provisioning for discoms to clear dues with power generation companies
50 Coal blocks being offered for commercial mining
THE REFORMS
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The NTP will make regulators more accountable and require them to follow the central government’s tariff policy. This includes a progressive reduction in cross-subsidies and reliable power supplies.
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Shuttle Star
Ashwini Ponnappa was the only Indian to compete in the inaugural edition of BDMNTN-XL, a new international badminton tourney with a new format, held in Indonesia
There's No Planet B
All Living Things-Environmental Film Festival (ALT EFF) returns with 72 films to be screened across multiple locations from Nov. 22 to Dec. 8
AMPED UP AND UNPLUGGED
THE MAHINDRA INDEPENDENCE ROCK FESTIVAL PROMISES AN INTERESTING LINE-UP OF OLD AND NEW ACTS, CEMENTING ITS REPUTATION AS THE 'WOODSTOCK OF INDIA'
A Musical Marriage
Faezeh Jalali has returned to the Prithvi Theatre Festival with Runaway Brides, a hilarious musical about Indian weddings
THE PRICE OF FREEDOM
Nikhil Advani’s adaptation of Freedom at Midnight details our tumultuous transition to an independent nation
Family Saga
RAMONA SEN's The Lady on the Horse doesn't lose its pace while narrating the story of five generations of a family in Calcutta
THE ETERNAL MOTHER
Prayaag Akbar's new novel delves into the complexities of contemporary India
TURNING A NEW LEAF
Since the turn of the century, we have lost hundreds of thousands of trees. Many had stood for centuries, weathering storms, wars, droughts and famines.
INDIA'S BEATING GREEN HEART
Ramachandra Guha's new book-Speaking with Nature-is a chronicle of homegrown environmentalism that speaks to the world
A NEW LEASE FOR OLD FILMS
NOSTALGIA AND CURIOSITY BRING AUDIENCES BACK TO THE THEATRES TO REVISIT MOVIES OF THE YESTERYEARS