ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Shell in Bangladesh

Kannan Srinivasan Now that Royal Dutch Shell has purchased gas properties in Bangladesh, India has lost the opportunity to source gas from its neighbour to meet its energy requirements. It is now all the more vulnerable to the LNG lobby from west Asia and the multinationals demanding exorbitant hikes in energy prices.

Failure of Indian Telecom-Liberalisation A Case Study

Failure of Indian Telecom Liberalisation : A Case Study Gowri Gurumurthy Kannan Srinivasan This study argues that private telecom operators made unrealistically aggressive bids for basic services because they overestimated the size of the Indian market. It takes the business case of an operator to show that the firm will not make even a cash profit or repay the principal of its loan for 15 years.

ONGC s Decline and What Should Be Done

Kannan Srinivasan India's demand for petroleum products is rising sharply even as domestic production declines. The Oil and Natural Gas Commission was set up with the national priority of making India increasingly self-sufficient in hydrocarbons. It was run down by subordinating the geo-scientists in the Commission and their procedures to the goal of immediate production at the expense of the long-term. Today nearly every department of the ONGC is mismanaged and corrupt. The company (as it now is) should revert to its original role of the national oil company. Output can be greatly increased in producing fields, and production should be commenced in other areas such as the Assam-Arakan.

LNG Policy for Power-More Questions than Answers

LNG Policy for Power More Questions than Answers Kannan Srinivasan the current intense interest in and lobbying for basing a part of the power programme in India on liquefied natural gas (LNG) has to be seen in the context of the global slow-down in demand for LNG. The overcapacities among most large producers of LNG has prompted a desperate search for new consumers, and India appears to be succumbing to that international pressure without scrutinising the feasibility of opting for an LNG-based power programme.

Indian Power Policy, Enron and the BoP

Indian Power Policy, Enron and the BoP Kannan Srinivasan The Enron deal has given investors an unrealistic expectation of the returns they can receive under the government's power policy. Glimpses provided by documents of how the government decided on Enron show it to have been fully aware of the damage this decision would cause. The Amended Power Purchase Agreement negotiated by the committee appointed by the Shiv Sena-BJP government is even worse for the interests of Maharashtra than the Congress original of 1994. The balance of payments consequences of fuel imports for naphtha and fuel oil-based power plants will be ruinous.

Private Banking and Depreciation of the Rupee

of the Rupee Kannan Srinivasan The recent volatility in the foreign exchange market has been discussed almost entirely in terms of the Reserve Bank of India 's behaviour, whether it intervened 'in time' or in the right way, and so on. But considering the scale on which portfolio funds and 'other capital' have entered India in the last two years, the recent developments need clearly to be looked at in the context of international capital flows.

One-Sided Agreements for Fast Track Power Projects-Case of Spectrum s PPA

Power Projects Case of Spectrum's PPA THE Andhra Pradesh State Electricity Board's (APSHB) Power Purchase Agreement (PPA) with Spectrum Power Generation (SPGL) on July 13, 1994 illustrates the returns available to investors in the seven "last-track' power projects. Like the others, the contract has been negotiated not awarded though through any competitive process. And like them, the return on equity is assured; the investors include manufacturers of power plant equipment; there is no special incentive to minimise the cost.

Indian Law and the Enron Agreement

The Power Purchase Agreement (PPA) between the Dabhol Power Company and the Maharashtra Electricity Board raises two important issues in law. First, the stipulation in the PPA for settlement of disputes by arbitration in UK is legally untenable. Second, the PPA violates the, law of the Indian Constitution on public utilities.

The Supreme Court and Its Chief

January 3-10, 1987 The Supreme Court and Its Chief The judge is not a mason, but an architect. There is no ad hocism about a truly great judge. He must be absolutely clear where he is going,

Keeping the Nuclear Option Open- What It Really Means

Keeping the Nuclear Option Open What It Really Means Ivan Fera Kannan Srinivasan ON November 4, immediately upon recent reports of Pakistan having tested a nuclear device, Raja Ramanna, chairman of the Atomic Energy Commission (AF-C), called a press conference. India, Ramanna announced, had developed the capability to enrich uranium upto any level

BHOPAL- Working with the Government

BHOPAL Working with the Government Kannan Srinivasan TWO voluntary workers, Gautam Bannerjee and David Bergman were arrested in Bhopal on September 5 under a law that covers spying and acting for a foreign power against the national security. They have been very severely interrogated. Fresh warrants have been issued for other persons, and the Madhya Pradesh government is reportedly building a major conspiracy case. These arrests are in fact the culmination of a process: an attempt to work constructively with the government.

Myth of Legal Revolution

Myth of Legal Revolution Kannan Srinivasan Judges and the Judicial Power: Essays in Honour of Justice V R Krishna Iyer edited by Rajeev Dhavan, R Sudarshan and Salman Khurshid; Sweet and Maxwell, London/L N Tripathi.

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