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

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Infrastructure Sector and Withdrawal of the State

In the large-scale reorganisation that is now being introduced in the power and telecom sectors, the overriding consideration is one of ensuring profits. Concern for consumers is not on the agenda. The electric supply industry is being restructured to make it commercially viable with guaranteed profits for the private investors. Similarly, the entire thrust in telecom is how to make private entry more attractive. What is necessary is not merely to expose the current reforms as pro- monopoly and pro-multinational, as they undoubtedly are, but to project the true agenda for reforms.

Enron The Drama Continues

Enron: The Drama Continues P Purkayastha The Enron fiasco has brought out the pitfalls in the current path of power development in the country. The high rate of return, the incentive to inflate project costs and use of imported fuels are all common to most of the power projects being considered with private investment If the current policies are not viable, what should be the core of the alternative ones? And what should be the regulatory regime that needs to be put in place?

The Enron Caper

The Enron Caper P Purkayastha The contours of Enron's Dhabol power project are becoming clearer. The government of Maharashtra and the union government are to underwrite all the risks of the project, provide an average return of over 40 per cent, guarantee a 90 per cent offtake by shutting down much cheaper generation and provide various other facilities under threat of penalties. Enron will bring in Rs 30 crore, own the plant and have minimal liabilities. The Dhabol project is going to be an albatross round the neck of the people of Maharashtra.

New Technologies and Emerging Structures of-Global Dominance

Global Dominance P Purkayastha Whereas the existing global scenario appears to offer little opportunity to countries like India to break out of the present stranglehold of technological monopoly/control by advanced countries and MNCs, the potential exists for evolving alternative technological paradigms based on contemporary advanced knowledge. In other words, the choice is not only between surrendering to a junior partner role or following an autarkic reinvent-the-wheel mode. Even at the present high level of science and technology knowledge India does have the capability in terms of human and financial resources to pursue other options.
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