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

AmbaniSubscribe to Ambani

Modi, Mukesh and a Moment in Time

It is unclear if Reliance will cripple Airtel, Idea and Vodafone by its audacious moves.

Power Tariff Scam Gets Bigger at Rs 50,000 crore

The dimension of the scam relating to inflation of power tariffs by, among other things, over-invoicing imported coal has become considerably bigger. It has now come to light that electricity generating companies are seeking to obtain compensatory tariffs from regulators. In addition, particular firms in the Adani and Essar Groups, have allegedly over-invoiced imports of equipment. The total size of the scam is currently estimated at Rs 50,000 crore, if not more.
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