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

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Power Politics

Power sector policy in India appears to have locked itself into adverse arrangements at least twice in the recent period. The first was when agricultural consumption was de-metered and extensive subsidies were offered; the second when Independent Power Producer contracts with major fiscal implications were signed by the State Electricity Boards. A third set of circumstances, with the potential for equally powerful forms of institutional lock-in, appears to be in the making with the reproduction of the Orissa model on the national scale. This paper provides an analysis of the social and political context in which power sector reforms have taken place in India. While a state-led power sector has been responsible for substantial failures, is the design of the reformed sector well aimed at balancing efficiency and profit-making on the one hand and the public interest on the other? The discussion of the forces and actors that have shaped the reform processes is intended to contribute to an understanding of how the public interest can best be served in the ongoing effort to reshape the power sector.

Spotlight on Stock Markets

Regarding laypersons not reading the judgments there are two points, one is as stated by you that news articles do publish paragraphs from judgments and another point is that even in case laypersons are not reading it, the language in judgement does affect the narrative on the issue to certain extent. Plus, the institutional narrative is also formed along these lines. By istitutional narrative, I do not just mean judiciary but also the legislature and executive. If there are judges on a commission which makes certain recommendations for amendments on certain laws(and these judges are caught up in that narrative then in such case the basis for the laws and policies are going to be affected by it.
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