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The wrong track
When reporters asked former Railway Minister Lalu Prasad for a reaction on why his successor Mamata Banerjee was trying to mock his work by bringing out her White Paper, he asked, “Do you know any tantric? I need to consult one.” As the reporters wondered why the RJD chief needed a tantric, Prasad added, “I think there is something wrong with the time of my birth. Earlier, I faced this fodder scam and now people are after me for unnecessary reasons.

Don't be bold on gold
- Getting rid of government controls - For the risk-takers - High on expectations - Commodity to the rescue - Policy to guide infra growth - Betting on bonds

News of the day

MCX Stock Exchange targets bottom of the pyramid
The MCX Stock Exchange (MCX-SX), which is still some distance away from launching trade in equities, has already drawn up a strategy to lower costs significantly to take on established players.
Public Company

Torrent Power cuts fuel surcharge by 1 paise

Torrent Power, the private sector power company that distributes power to Ahmedabad, Gandhinagar and Surat has reduced fuel surcharge by only 1 paise per unit. This means there will be no significant relief in power bills of consumers in the third quarter of 2009-10. - U"khand power privatisation on cards - Torrent to foray into wind, solar power generation - Torrent Power to replace Reliance Petro on BSE-100 index - Power utility Wartsila eyeing public generation sector - No power tariff hike from GUVNL this fiscal - Lanco Solar plans 200 Mw solar PV project in Gujarat The company has worked out a fuel surcharge of 84 paise per unit for the second quarter of the current fiscal. "The new figure arrived at by Torrent is only 1 paise lower than fuel surcharge of 85 paise for the first quarter of 2009-10," said officials of Gujarat Electricity Regulatory Commission (GERC). Gujarat Urja Vikas Nigam Ltd (GUVNL), apex electricity of Gujarat, too brought down fuel surcharge to 59 paise per unit for the second quarter from earlier 60 paise. However, the total recoverable fuel surcharge by GUVNL comes around 74 paise per unit in the third quarter as the company will also recover deferred surcharge of 15 paise per unit. GUVNL had, in fact, deferred fuel surcharge of 46 paise in last fiscal to avoid burden on consumers.


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