parikalp vol2
TRANSCRIPT
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- http://www.youtube.com/watch?v=ISbyQBi7QV
- http://www.youtube.com/watch?v=BWZts2gJllM
- http://www.youtube.com/watch?v=fqDI0NsVGf
- http://www.youtube.com/watch?v=cDa29_mGw
- http://www.youtube.com/watch?v=eHOMQ58c
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From the Editors Desk
Dear Readers,
It gives me immense satisfaction to present you with the secondissue of Parikalp. In this issue we have attempted to continue
with our endeavor of sharing our knowledge, ideas and creativity
on a shared platform.
The cover story this time focuses on the Delhi International
Renewable Energy Conference (DIREC) which was held in Oct
2010. It is one of the series of Global Ministerial level conferences.
DIREC provides an international platform for government, private
sector, and civil society leaders to jointly address the goal of
advancing renewable energy.
The issue also features some of the regular columns, which we
hope will provide the reader with handy and useful information.
This issue also shares thoughts and reflections of some of our
fellow NPTIans over certain intriguing aspects of life.
The issue has been brought up under severe time and resource
constraints, but we have tried our level best to retain the essence
and flavor of the magazine.
The Editors have envisaged helping the NPTIans in unbundling
their creativity and opening up the limits of their expression. Our
vision therefore puts certain expectations from the readers too
which we believe shall continue to increase in coming times.
We hope that the magazine with its green and prosperous content
enriches and enlivens you and impels you to continue supporting
our shared vision.
Patron
Mr. Subodh Garg
Director General
National Power Training Institute,
Faridabad, India
Mentor
Mr. J.S.S. Rao
Principal Director
Centre for Advance Management
and Power Studies
NPTI, Faridabad, India
Advisors
Mr. Deepak Lokhande
Mrs. Manju Mam
Mrs. Indu Maheshwari
Dr. Rohit Verma
Mr. N.V.Kumar
Mr. K.P.S. Tomar
Mr. Amit Mishra
Ms. Farida Khan
Editorial Board
Er. Arun Mehta
Er. Girish Deveshwar
Er. Navneet Vashishtha
Er. Pradeep Kumar
Er. Gaurang Chandel
Er. Prapti Dutta
Er. Rajat Tomar
Design & Graphics
Er. Ashman Gautam
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Contents
1. Power Updates2. Business Review3. DIREC 20104. Shahinomics5. Common Between Commonwealth and Exams6. GBI Scheme- FAQs
7.
Doubt ??
8. Turnaround strategy for low performing DISCOMS9. Business Valuation of Utility10.Life as an Infoscion11.Lateral Thinking12.Renewable Energy Certificates13.
14.
15.Death Of A Dream16.Friend17.Funny Quotes18.Reviews
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Power Updates
PFC inks finance deal with Nuclear Power Corpn
New Delhi, Oct. 28
Power Finance Corporation said it has signed an agreement with the Nuclear Power Corporation ofIndia Ltd (NPCIL) on Thursday for providing financial assistance for new projects and for
refurbishment of atomic power stations. The company has signed a memorandum of
understanding with NPCIL for offering financial assistance to it for its new power projects as well as
renovation, refurbishment and life extension projects, PFC said in a filing to the BSE.
Bengal in talks with BHEL, NTPC for two power plants
Kolkata, Nov. 2
The West Bengal Power Development Corporation Ltd will enter into joint venture agreements
with both Bharat Heavy Electricals Ltd (BHEL) and NTPC Ltd for setting up power plants at Katwain Burdwan and Santhaldighi in Purulia by the end of this year.
NTPC in Platts Global Energy cos list
New Delhi, Nov. 4
NTPC Ltd has been ranked among Platts Top 250 Global Energy Company listings for the year
2010 and been ranked first as an Independent Power Producer (IPP) in Asia. The company has
been ranked No 10 in overall performance among the energy companies in Asia and No 52 on
overall global performance among energy companies by Platts, improving on its last year ranking of
73, NTPC said in a statement.
Nuclear Power Corpn's talks with Kazakhstan in advanced stage
New Delhi, Nov. 4
Nuclear Power Corporation of India Ltd (NPCIL) is in advanced stages of
discussion for export of two indigenous reactor units to Kazakhstan.
Detailed talks have also been initiated with utilities in Vietnam and
Thailand.The nuclear major had launched a 220 MW single-unit
pressurised heavy water reactor design for exports and is marketing it as
a proven and cost-effective option for countries with small grids.NPCIL is
also readying SMR (small and medium sized reactor) units of 540 MW and 700 MW capacities for
exports, tailor-made to local conditions for countries needing such reactors.
NSPCL achieves plant load factor
Kolkata, Nov. 8
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NSPCL, Bhilai, a NTPC-SAIL joint venture producing electricity for the past one year, achieved in
October 103.51 per cent PLF (plant load factor) at 385.04 million units, the highest among all
power generating stations in the country, according to a NSPCL release. Mr N NMisra, Chairman and
Mr V D Paranjape, General Manager, NSPCL, congratulated the employees for the achievement, the
release added.
PowerGrid to raise Rs 8,000 cr
New Delhi, Nov. 9
Power Grid Corporation of India Ltd (PGCIL) plans to raise Rs 8,000 crore
through the sale of bonds in the domestic market over the next fiscal (2011-
12). We will be raising this money in the second and third quarter of the next
financial year, said the Director-Finance, Mr J. Sridharan. PGCIL aims to double
capital spending to about Rs 1,20,000crore in the Twelfth Five Year Plan (2012-17).
Phase 2 of NTPC's Simhadri unit will be ready by end of financial year
Visakhapatnam, Nov. 11
The second phase of the NTPC-Simhadri power plant at Parawada near Vishakhapatnam will be
partly completed by the end of the financial year. The second phase consists of adding 2 more 500
MW generators to the existing two generators of 500 MW each. The second phase will require an
investment of 5000 Crore.
By: Rajat Tomar
MBA-9th Batch
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Business Review
First-time HNIs must make minimum investment of Rs 5 lakh: SEBI
Market regulator SEBI has asked portfolio managers not to circumvent rules and ensure that the
minimum fund or security collected from a first-time client is Rs 5 lakh. SEBI said that accepting
less than Rs. 5 lakh before opening an account is in contravention of Regulation 15 (1A) of the SEBI
(Portfolio Managers) Regulations, 1993.
Currently, high net-worth individuals (HNIs) invest money through portfolio management firms.
SEBI's rules define HNIs as investors that invest up to Rs 5 lakh and more.
"Portfolio managers shall ensure that the disclosure document is given to all clients along with the
account opening form at least two days in advance of signing of the agreement," SEBI said.
SEBI has also asked the portfolio managers not to term their investment portfolios as 'schemes'
while marketing them to clients.
India releases first climate change report
India released assessment report Climate Change and India: A 4X4 assessment on the impact of
climate change on agriculture, health, water and forests in four regions of the country.
The report, covering the Himalayas, the Western Ghats, the coastal zone and the northeast has been
prepared by the Indian Network for Climate Change Assessment (INCCA) comprising 220 scientists
from 120 research institutions across the country and ponders over the impact of climate change
on India in 2030.
The report predicts that temperatures would rise by 1.7 to 2.2 degrees with the maximum increase
in coastal regions. Also the Himalayas, North-East, Western Ghats would see increase in rainfall,snow and storm
Earlier INCAA had published report on Greenhouse gas emissions in India.India, the world's fourth
largest greenhouse gas emitter, has launched a new United Nations-backed project to reduce
emissions.
India offers Oil & gas blocks for exploration under IXth NELP The Ministry of Oil and Petroleum
has offered 34 oil and gas blocks for exploration in the ninth round of New Exploration Licensing
Policy (NELP).The blocks offered include 8 deep-sea, 7 shallow water and 19 on land ones. The on
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land blocks include 8 small blocks, demanding a technical qualifying criterion for companies to bid.
In the eight rounds of NELP since 1999, 235 blocks have been awarded till date. This has resulted in
enhancement of exploration coverage from the previous 11 per cent, to about 58 per cent of the
Indian sedimentary basin between 2000 and 2010.
Under NELP-VIII, 70 blocks were offered for exploration, the biggest licensing round in India. Of the
36 areas bid for, the government had awarded 33 to successful bidders.
Reliance Natural Resources Ltd. (RNRL) merges with Reliance Power Ltd.
Anil Ambani-led Reliance Power said four shares of Reliance Natural Resources (RNRL) will be
converted into one share of Reliance Power (RPower) as part of the merger between the two group
companies.RNRL shareholders will get one RPower share with face value of Rs 10, in exchange for
four shares of RNRL of face value of Rs 5 each. The share exchange ratio was based on the
recommendations of leading international consulting firm KPMG.
RNRL has become a wholly-owned subsidiary of RPower and its shares have ceased to be tradable
on the stock markets with effect from November 9.The merger will result in RPower becoming the world's largest shareholder family with around 50
lakh people, from the present 35 lakh.
Besides, RNRL's gas supply agreement with Reliance Industries will accelerate the implementation
of RPower's plans for setting up over 8,000 megawatt of gas-based power generation capacity.
RNRL shareholders would also benefit from the substantial coal reserves and growth prospects of
RPower's diversified generation portfolio of 37,000 MW.
Jindal Power likely to launch Rs 7,000 Cr IPO in 6 months
Jindal Power is likely to launch a Rs 7,000 crore initial public offer (IPO) in the next six months. The
company plans to expand by increasing steel production capacity to 10 million tonnes per annum in
three years. At present, the company's output is 3 million tonnes per annum. The company will also
augment its power generation capacity to 6,000 Megawatts in three years from 2,000 megawatts at
present.
Tata DoCoMo launches 3G services
Tata Teleservices (TTSL), which has Japanese firm DoCoMo as partner has launched 3G mobile
services in nine circles, enabling subscribers to access high speed Internet and video telephony.
With this, Tata DoCoMo became the first private telecom firm to launch 3G mobile services in the
country. Two state owned firms - Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam
(MTNL) - had launched the services more than a year ago.
Tatas had bagged 3G spectrum in nine circles of Kerala, Karnataka, Madhya Pradesh (including
Chhattisgarh), Rajasthan, Gujarat, UP (West), Punjab, Haryana and Maharashtra in the auction held
recently.
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It's 3G network, set up with the assistance of NTT DoCoMo, supports high-speed Internet access
with speeds of up to 21.1 Mbps and the services were made available on commercial basis from
November 5.
Videocon plans to split businesses
Durables-to-oil and gas conglomerate Videocon Group is
planning to split its various businesses, a move that could
help them raise capital or induct strategic partners into
some businesses.
The company has recently discovered hydrocarbons in the
Tarakan basin of Indonesia and had also announced a gas
find in a second well in Mozambique in Africa.
Exactly a decade ago, Videocon group had restructured its
operations by forming eight strategic business units orprofit centres. Since then, the $2-billion Videocon Industries
has diversified into capital-intensive businesses such as
power, telecom, media, oil and gas.
Some experts feel such restructuring is an easy way to get new partners and financial options.
PowerGrid FPO oversubscribed 10.67 times
State-run PowerGrid Corporation's follow-on public offer (FPO) was oversubscribed 10.67
generating demand worth a whopping Rs 81,092 crore.
The FPO, through which the government is looking to garner Rs 7,600 crore, has received bids for898.4 crore shares, against 84.17 crore shares on offer, according to the data available with the
National Stock Exchange.
The government is divesting 10 per cent of its 86.36 per cent stake and the company would raise
equal percentage of fresh equity through the offer priced at Rs 85-90 per share.
The capital raised from the FPO will be used for part-funding the PSU's Rs 55,000-crore capex plan,
with Rs 30,900 crore worth of investment lined up over the next two years.
By: Pradeep Kumar
MBA-8th Batch
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Cover Story
Government of India hosted the Delhi International Renewable Energy Conference (DIREC) 2010
from October 27-29, 2010 on the theme of 'Up-scaling and Mainstreaming Renewables for Energy
Security, Climate Change and Economic Development".
DIREC 2010 is the fourth in the series of global Ministerial-level Conferences on Renewable Energy,
which follows from the initiative taken at the 2002 World Summit on Sustainable Development in
Johannesburg, acknowledging the significance of renewable energy for sustainable development.
DIREC 2010 is an international platform for government, private sector, and civil society leaders to
jointly address the goal of advancing renewable energy.
The Renewable Energy and Efficiency Partnership(REEEP) was commissioned by the Government
of Indias Ministry of New and Renewable Energy (MNRE) to carry out preparatory regional
stakeholder consultations for the Delhi International Renewable Energy Conference (DIREC 2010)
The aim of the consultation was to take a snapshot of the opinions of key energy stakeholders
around the world, particularly to understand:
Key Renewable resources and technologies
Major market barriers
Important and effective policy and finance mechanisms
Need for capacity building
The identification of appropriate stakeholders and their surveying was done by REEEPs
International Secretariats which worked in close collaboration with their Regional Secretariats. The
responses received from different regions have been tabulated below.
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Each respondent received a questionnaire containing 12 questions and were encouraged to answer
all questions with the exception of North American and European respondents for whom question
regarding access to energy was removed because of its reduced relevance.
The Questionnaire comprised of General Questions related to renewable energy, questions related
to market barriers and questions related to policy ,regulation, business and finance.
The questions and their answers received from the stakeholders are shown below:
General Questions
Q1. What do you see as the renewable energy source with the maximum potential in your country?
Solar is perceived to be the renewable energy resource with maximum potential particularly in
South Asia, Southern Africa, West Africa and East Asia as shown below.
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Q2. What do you see as the most appropriate technology to harness the renewable resources in
your country?
Solar Technologies are perceived to be most appropriate technology to harness renewable
resources in all regions except North America and Europe where wind technologies are favored.
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Q3.What are the most needed energy services you believe renewable energies are best suited to
deliver in your country?
Lighting is considered as the single most needed energy service that renewable energies are best
suited to deliver.
Q4.Which RE Technology is most suited to expanding energy access in your country?
Across almost all regions Solar is considered to be most suited to expanding energy access.
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Questions related to Market Barriers
Q1.What do you see as the major barrier to widespread adoption of renewable energy in your
country?
There is no single major barrier to widespread adoption of renewable energy. The wide range of
barriers includes financial barriers, lack of incentives by government, lack of certainty and capacity
constraints.
Q2.As a stakeholder in renewable energy do you have easy access to types of information you need?
The majority of stakeholders believe that
they have easy access to types of
information they need.
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Q3.Is there sufficient human capacity with the skills needed to support the widespread adoption of
RE Technologies?
Respondents do not believe that there is sufficient
human capacity with skills needed to support the
widespread adoption of renewable energy
technologies. This is the case for all countries except
North America and Europe.
Policy and Regulation Questions
Q1.Which government policy has so far been most effective in promoting RE Technologies in your
country?
There has been a mixed response on the government policies which have been proven effective in
promoting RE Technologies. Specific Regulatory Incentives and National Policies have been most
effective in promoting RE Technologies in most of the countries.
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Q2.Which regulatory instruments have been most effective in promoting renewable in your country
so far?
Feed in tariffs are widely considered the most effective regulatory instrument in promoting
renewable, but the perceived lack of any effective regulatory instruments is also notable in some
regions.
Business and Finance Questions
Q1. What is the key business model offering the best potential for creating thriving renewable
energy businesses?
Public Private Partnerships were widely perceived as the key business model offering the bestpotential for creating thriving renewable energy businesses, although not universally.
Q2.What do you believe is the main source of financing of renewable energy technologies in your
country?
There is no major perceived source for financing of Renewable Energy Technologies.
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Power Speak By: Shri R.V.Shahi
Shahinomics
..Availability should not follow demand; it should lead demand. The more of electricity we
provide, the more economic activities will happen. This link and co-relation must be understoodand appreciated.The requirement of optimal solution would not only be on the basis of economic
consideration- which of course will be the most paramount factor, but also on the consideration of
environmental issues, requirement of rehabilitation and resettlement and such other matters.
: @ 90th Indian Science Congress, Bangalore, 2003
.Indian power sector is full of problems- in fact major challenges- and therefore, offers enormous
opportunities. Obviously, any problem will have to be tackled in an integrated fashion.Most
important, apart from all these, there would also be the problem of change of mindset.
: @ Dr. N Tata Rao Fifth Endowment Lecture, Hyderabad, 2006
.It must, however, be recognized that we cant remain dependent on others. Our problems in
many ways are different from others. Size of the expansion of power industry being envisaged in
itself is a big challenge.
: @ Workshop organized by Dept. of S.&T. and BHEL, New Delhi, 2006
Benchmarking is the essence of excellence. Performance benchmarking creates an inspiration
not only to emulate but to further improve upon.[But] the concept of benchmarking has to beyond
choosing the role model and emulating the role model. What may be required is not only to choose
the role model but also to the role model for different parameters of performance and behaviour.
: @ Foundation Day Lecture of Karnataka Power Corp., Blore, 2002
..Paradoxically, a country that faces problems of shortage of energy, including electricity, is also
the one that consumes energy in inefficient ways. India is no exception.
: @ National Energy Conservation Day, New Delhi, 2006
.Energy production and consumption is, in fact, the basis for growth of civilization. [Arguably]
global industrial revolutions witnessed extensive use of energy [and gradually] the race for
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development coincides with the race for generation and consumption of energy. [Erroneously] this
led to disproportionate emphasis on SSM (Supply Side Management) .
: @ IEA Workshop on Energy Efficiency in Buildings and Building Codes, New Delhi, 2006
Indian power sector is, indeed, full of problems and challenges. One of the biggest challenges is
the structure of this industry itself.
: @ 9th Power India Forum-2006 organized by India Energy Forum, New Delhi
.For investment in any industry, there must be demand. [However], while demand and growing
demand is a necessary condition for investment, it is not a sufficient condition. [There] are a
number of other condition which make the whole package complete for investment opportunities
to fructify, [and] one very important issue relates to the security of payments...
: @ FICCIs Valedictory Address in India Electricity-2006, New Delhi
.Reform of power sector, in essence, means reform of the electricity distribution business. We do
have problem in the areas of generation as well as in transmission [but] the real reform action s are
needed in the distribution sector. [It must be recognized that] if financial health of the sector does
not improve, neither the private sector investment would be possible nor public sector could
invest.
: @ International Conference Organized by NCAER at Agra in 2002.
.Primarily, there is no disagreement with the fundamentals of market approach. The problem
arises when an ideal goal is projected without skillfully structured road map to reach the goal.
Management of transition to a mature market is what needs to be appreciated.
: @ IEA Seminar on Energy Insights form Asia Pacific, Sydney, 2006
.Technology has always been the prime mover of economic and industrial development in any
society. [An] industry survives and grows on a long term basis only if it continuously re-visits its
approach towards technological advancements and applications.
: @ ERDA Foundation Day Lecture on R&D in Power, Baroda, 2004
By:Parikalp Team
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Any Color You Like
Common Between Commonwealth and Exams
There was a lot of hue and cry going around about the Commonwealth Games held in Delhi this
October. From News channels to News dailies, all were flooded with the reports raising doubts on
the successful completion of the games. The qualm over Commonwealth Games reminds me of the
exams days when everyone, from teachers to mothers, raises doubts about ones wards clearing
the exams. As we know, at the start of every semester, that we will be having our final exams after 6
months, so was with the Commonwealth Games 2010- that Delhi would be hosting it 6 years hence.
There is not much difference between us and the Organizing Committee. They were sleeping for
quite many years and woke up just a few months back. It is much the same as we sleep for 5 months
and 29 days and on the eve final exams we realise that there is not much time left now and in a
couple of hours we arrange all the notes
which were missed while we were on
bunk. Similarly, the OC took only a
couple of weeks to arrange all the items.
In a matter of just countable hours we
grasp everything which we were suppose to learn in about 5 months and get surprised seeing the
hidden efficiency in ourselves. Next morning, when we come out of exam hall, we take sigh of relief
and say to ourselves chalo pass toh ho hi jayenge. But, the pleasant shock comes when the results
are out and the hard work of just one day gives an output of 70%. Then we promise to ourselves
that next semester we would start studying from the beginning and would be the topper of the
class. The OC of Commonwealth Games had only a few days left to cover up all the things, which, for
many people was an impossible task. But I, as an Indian, a Delhiite and a student, had perfect faithin the OC and I was sure that the Delhi Games will be a success. The world will appreciate the Just-
in-Time approach of the OC and, not the least, ours- the students.
Jai Hind
By: Siddharth Arora
MBA-8th Batch
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Power Excerpt
Generation Based Incentive (GBI) Scheme - FAQs
Q1 By whom & when was the GBI Scheme announced?
A1 The scheme was announced by the Ministry of New & Renewable Energy, Government ofIndia, for Grid interactive Wind Power Projects on 17th December, 2009.
Q2 What are the main objectives of the GBI Scheme?
A2 i) Facilitating entry of Independent Power Producers (IPPs) in a major way. ii) Attracting
Foreign Direct Investment (FDI) in the Wind Power Sector.
iii) To Provide a level playing field between various classes of investors. iv) To incentivize higher
generation efficiencies.
v) To provide a framework for transmission from an investment based incentive to outcome based
incentive.
Q3 Who is the implementing agency for the GBI Scheme?
A3 Indian Renwable Energy Development Agency (IREDA) Ltd., New Delhi.
Q4 What is the timeframe and capacity limitation set forth under the scheme?
A4 The scheme is limited to a capacity if first 4000 MW, commissioned on or before 31st march
2012.
Q5 What is the cutoff date for the commencement and implementation of this scheme?
A5 Those power producers who have commissioned wind projects after 17th December, 2009.
Q6 What investment segment would be applicable under the scheme?
A6 Sale of electricity to utility + Captive power projects (wind)
Q7 Which segment has been excluded from the applicability of the GBI scheme?
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A7 Wind Power Projects selling to third party (Merchant power plants) and also those availing
AD.
Q8 What is the maximum and minimum time frame set under this scheme for an investor to
avail the incentives?
A8 The incentive can be availed after a minimum period of 4 years and within a maximum of 10
years post the completion of the project.
Q9 At what rate will the GBI be given?
A9 The GBI is @INR 0.50 per unit of electricity fed into the grid.
Q10 What is the maximum outlay of the incentive on a per MW basis?
A10 INR 62 Lakhs or INR 6.2 million/MW.
Q11 What is the cap set on the total disbursement in a year?
A11 The total disbursement in a year shall not exceed one-fourth of the maximum limit; i.e. INR
15.50 lakhs (or INR
1.55 Million).
Q12 Is there any floor or ceiling for a developer in terms of the MW that can be considered for
availing the incentive?
A12 No. There isn't any such floor or ceiling defined in the scheme.
Q13 Is registration mandatory for availing the GBI Scheme?
A13 Yes. All Wind Power Projects whose machines are commissioned in India after December 17,
2009 and on or before 31st March, 2012 (limited to first 4000 MW) have to be mandatorily
registered with IREDA for availing this incentive. (Even AD cases will now be registered)
Q14 What is the provision for eligibility identification post registration?
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A14 Post registration a Registration number and a Unique Identification Number (UIN) shall be
allotted to each project and each machine commissioned respectively.
Q15 What is the Processing fees for registering GBI Projects with IREDA?
A15 INR 75,000 one time upfront non-refundable exclusive of Service Tax, payable to M/s IREDA
Ltd.
Q16 What are the required documents to be submitted for registration of project under the GBI
Scheme with
IREDA?
A16 i) Registration Form [Annexure I]
ii) Wind Turbine Generator (WTG) Details [Annexure II]
iii) Copies of Certified Commissioning Certificates [Annexure III]
iv) Declaration Certificate from CEO/MD/Director of Company [Annexure IIIa]
v) Processing Fees (Either Demand Draft or RTGS)
Q17 What is the periodicity of claiming the proceeds under the GBI scheme from IREDA?
A17 The claims can be availed on a half yearly basis (April - September and October - March).
Q18 What are the documents required for claiming the proceeds under the GBI Scheme from
IREDA?
A18 * Claim form as per IREDA format
* Copy of Joint Meter Reading (JMR) report by the Utility.
* Copy of Invoice raised as per JMR
* Copy of Certified Tax Returns evidencing that no Accelerated Depreciation has been claimed.
Q19 Once a Company opts for GBI Scheme can it switch over to AD later?
A19 Change of option once chosen is not allowed.
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Q20 Will the GBI Incentive be over and above the tariff approved by the State Electricity
Regulatory Commissions in various states?
A20 Yes, and this will also not be taken into consideration while deciding the tariff by the State
Regulators as per policy.
Q21 When will the GBI Scheme be evaluated and when will it be up scaled?
A21 The GBI Scheme will be evaluated during the last year of the 11th FYP (i.e. 2012) and further
upscaling would be considered based on the evaluation.
Q22 What happens if an existing company enjoying GBI, amalgamates, changes its form, transfers
its assets to another company and as a result forms a new identity? Would this resultant company
be eligible to continue availing GBI benefit for the balance period of the scheme?
A22 The GBI will be released by IREDA only when the claimant provides a proof that it has
intimated the concerned commissioner of Income Tax of the changed position of ownership and
henceforth, the new company will not claim the benefit of the Accelerated Depreciation.
Q23 Would CDM registered projects be eligible for GBI?
A23 Yes they would be eligible.
Q24 What are the various relevant Government Policy Documents and where can they be
downloaded from?
A24 --> MNRE notification file No. 53/1/2008-WE (http://mnre.gov.in/gbi-scheme.htm)
--> GBI Operational Guidelines
(http://www.ireda.gov.in/pdf/OPERATIONAL%20GUIDELINES%20for%20Wind%20GBI%20and
%20AD%20as%20on%2026.05.2010.doc)
- (http://www.ireda.gov.in/pdf/GBI_AD_REG_FORM_ANNX_I.pdf)
Q25 To whom should any queries ragarding registration & claim of GBI be addressed to?
A25 All further queries and clarification may be addressed to [email protected]
By: Suramya Dwivedi
MBA-8th Batch
http://www.ireda.gov.in/pdf/GBI_AD_REG_FORM_ANNX_I.pdfhttp://www.ireda.gov.in/pdf/GBI_AD_REG_FORM_ANNX_I.pdfhttp://www.ireda.gov.in/pdf/GBI_AD_REG_FORM_ANNX_I.pdfmailto:[email protected]:[email protected]:[email protected]://www.ireda.gov.in/pdf/GBI_AD_REG_FORM_ANNX_I.pdf -
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Reflections
Doubt??
My little nephew of 5 came to me with a big question mark on his face. He doubted the existence of
air everywhere around him. He actually came to know that from his mom, who couldnt make himunderstand what the air was. Yes, wind can be felt only. How to convince the little kid about the
existence of air in the atmosphere? My little kid had a great doubt, which made me think about
Doubt!! Now. I doubt----------
I would like to write something on Doubt before filling the above blanks. My nephews doubt
made me think about doubt. Then, I tried recollecting my childhood to find how I could believe the
existence of the air. Slowly, I went into my childhood
When I was 6 years old, I put my finger in the electric-socket and something happened to me. I
doubted, the reason?
When I was in 2nd standard, I doubted, Sun rays are there every day. Why not every day a
Sunday?
I doubted, Father has so much money in his pocket. Why is he giving me a very little pocket
money? 4th standard
I doubted, Some of my actions which my father didnt lik. I doubted what is right and what is
wrong? - 4th standard
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I doubted, Human being is a developed version of monkey. Why cant a human being have
Monkeys blood if there is an emergency? - 5th standard
I doubted, Newtons 3rd law says for every action there is an equal and opposite reaction. Why
dont the balls made up of Atta powder come back from wall at the same speed? 7th standard
I doubted, If we replace the Human eyes with a dogs eyes, will the human being find Red as
Red? 8th standard
I doubted my rank at school 10th standard.
I doubted the people out of my small world i.e. whether they are good or not - 1st year MBA
As per expert opinion, Doubt, in everyday language, is closely related to the notion of uncertainty.
In the Websters Encyclopedic unabridged Dictionary of English Language, the entry Doubt (verb) is
defined as to be uncertain in opinion. Doubt (noun), on other hand is a feeling of uncertainty
about the truth, reality or nature of something. The Merriam-Webster online dictionary defines
Doubt (noun) as uncertainty of belief or opinion that often interferes with decision-making.
Experts say that Doubt is the status between belief and disbelief and involves uncertainty or
distrust or lack of sureness of an alleged fact, an action, a motive, or a decision. Further, doubt is the
rational part of a person's thought involved in weighing evidence, without which the belief would
have no real substance. Scientists say that belief is not a decision based on evidence that, say,
certain beliefs about God are true or a certain person is worthy of love. No such evidence could ever
be enough to pragmatically justify the kind of total commitment involved in true theological belief
or romantic love. Belief involves making that commitment anyway. Thus, the concept of doubt
covers a range of phenomena: one can characterize both deliberate questioning of uncertainties
and an emotional state of indecision as "doubt".
Itis said that Doubt is the mother of Invention. Doubt will make a person to search for reason
which in turn leads to Innovation. If Newton didnt get a doubt about the apple falling on ground,
we would not have got the Law of Gravity. Many scientific advances have been started by doubt on
preceding hypotheses. Scientists say that the starting point and chief principle of every science, and
hence of theology also, is not only methodical doubt, but positive doubt. They go on to add that one
can believe only what one has perceived to be true from reasonable grounds, and consequently one
must have the courage to continue doubting until one has found reliable grounds to satisfy the
reason.
Moreover, scientists say that the realization of Good & Badstarts from Doubt only. Doubt is the
seed of Human Development tree. Our modern human life is impossible if there is no Doubt. The
words why, what and how are the bases for getting clarity on any aspect and there is no doubt in
saying that these words are results of Doubt and represent the Doubt.
Perhaps, in real life situations, introspection before a choice is made is pervaded with doubts (or
confidence) about how good will be the consequences associated to each of the available
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alternatives. Doubts play an important role in decision-making. Doubts could be a source of
learning, but has attracted little attention in behavioral economics.
Now.. Does all the above mean that to doubt everything is good all the times? The answer is
NO. Then, the question comes- what to Doubt what not to? So, let us see the negative side of the
Doubt too.
Scientists say that Doubt sometimes tends to call on reason. Doubt may encourage people to
hesitate before acting, and/or to apply more rigorous methods. Doubt may have particular
importance as leading towards disbelief or non-acceptance. Psychoanalysts attribute doubt (which
they may interpret as a symptom of a phobia emanating from the ego) to childhood, when the ego
develops. Childhood experiences can plant doubt about one's abilities and even about one's very
identity. Doubt brings into question some notion of a perceived "reality" and may involve delaying
or rejecting relevant action out of concerns for mistakes or faults or appropriateness. Some
definitions of doubt emphasize the state in which the mind remains suspended between two
contradictory propositions and unable to assent to either of them i.e. Doubt may lead to in-
decisiveness.
So, doubt should be reasonable and acceptable within un-doubtable limits. If we doubt everything
or everyone then we cant be peaceful. Human being is a social animal who needs mutual exchange,
help and mutual trust to lead a happy life. So, I understood, Dont doubt, if something doesnt lead
to any development. Otherwise, it spoils the peace of mind and relations.
Now, I dont doubt when I will encounter the next DOUBT.!!!!
By
Lalitha Sahukaru
MBA-8th Batch
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Reflections
DEATH OF A DREAM??
"I have a Dream". But my dream is
nothing like the dream Martin
Luther King Jr. had.
My dream is to become wealthy so
that whenever I would see a kid
begging on a road or gathering
scraps on a street, I could go to him
and ask, Would you like to go to
school instead of doing this task to
feed yourself? I have had this
dream for years. Whenever I saw a
kid, on a street or on a road, my willto realize my dream grew stronger.
I had the fire to do so. I knew that there would many obstacles and would require many sacrifices. I
was ready to set a fire the shell of comfort zone. But, but the emotions which I was riding on to
realize my dreams became the biggest obstacle on my way. I did not want to sacrifice the time, I
used to spend with my family, to turn my dream into reality. I became selfish and forgot the kids on
the streets. Those feelings always prevented me from attempting to realize my dream.
With the passage of time I am at a place where my future is secured. I am away from my family. I
can not be with them whenever I want. I am fully comfortable here and do a lot of things for
entertainment. Now, when I see a kid off the road, on the garbage, working to fend for himself, I donot feel the same way I used to. My fire has subsided.
Lately, I have come to realize that I am not moving towards fulfilling my dream and yet making the
sacrifices I never wanted to in the first place. I have got everything I never wanted and, more
importantly, lost my goal in my life- my dream and the fire to turn my dream into a reality. Now, I
do not feel like going to the kids and ask them that very question. I do not have enough courage to
look into their eyes.
Is it the death of a dream? No. This is not the death of a dream because I do not believe in giving up
on something. That is my way of life. It does not matter whether you learn the things or not, what
matters is the time when you learn it. I have learnt it and hope that the time is still there to catch upwith my dreams. I just need the fuel of sacrifice to re-ignite my dormant will to power the fire inside
to keep the dream alive.
By:
Ravindra Karana
MBA-8th Batch
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Project Review
Turnaround Strategy for Low Performing Distribution Companies (Case of MSEDCL)
Objective: The primary objective of the project is to develop strategies for economic turn around of
low performing distribution utilities (Case of MSEDCL).
Approach / Methodology: The analytical tool used to analyze the performance of each zone of the
MSEDCL is Data Envelopment analysis (DEA) based on various important parameters. Data
Envelopment Analysis software is used to analyze and evaluate the relative efficiencies of all the 11
zones of the MSEDCL. The input factors and output factors selected in this study for performance
ranking are such as to gauge the technical, commercial and financial performance of the elevenzones of the MSEDCL.
Findings: Six out of 11 zones are working below 85% efficiency, amongst which Nashik (70%) is
the poorest one. Nagpur (Urban) and Bhandup are the top performers with efficiency rating more
than 97%.
Rationale / Implications: The turnaround strategy for MSEDCL is based on Benchmarking of the
most efficient zone and setting targets for the least efficient zones to qualify as the efficient zone.Successful implementation of DEA for performance evaluation and improvement would require
active and direct involvement of all stake holders in every decision making process leading up to
final implementation.
Originality / Value: The same tool can also be used to track and rank the progress of various
projects of MSEDCL which are started at different points of time with different durations and
resource allocations. At the same time, same method with suitable customization could be used to
design strategies for economic turn around of other distribution utilities as well.
Author: Amol Dahat, MBA (Power), 2008-10, NPTI, Faridabad, India
E-mail:[email protected]
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Project Review
Business Valuation of A Power Sector Utility (Case of CESC Ltd.)
Objective: The objective of this project is to conduct business valuation study of a power sector
utility in India and help the parties concerned in taking appropriate decisions for hassle free
transitions.
Approach / Methodology: This study adopts comparative approach towards business valuation of
CESC Limited using discounted cash flow (DCF) method, market to book value (MBV) method and
price earning ratio (PER) method. To find the value the company, balance sheet and profit and loss
statement data have been collected for 2000-09. Asset and Liability data for 2000-09 are collected
and consolidated. Forecast for sales have been done using linear regression and operating profit
(PBDIT) is obtained by using weighted average profitability ration for 2000-09.
Findings: Though it is very difficult to arrive at the accurate value of a company, it is found that
valuation through DCF technique fetches a higher value for the company (Rs. 6659 Crore).
Rationale / Implications: Though each type of valuation methods employed has certain merits
and demerits, discounted cash flow (DCF) technique is the best method of evaluation since itmeasures the future earning potential of the company rather than the present or past asset figures
or performance.
Originality / Value: With the increase in participation of private players in the power sector and
the resultant growth in India, this study would help perform efficient valuation of power sector
utilities while negotiating for assets to change hands.
Author: Anupam Patra, MBA (Power), 2008-10, NPTI, Faridabad, India
E-mail:[email protected]
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Any Color you Like
LIFE AS AN INFOSCION
It has been more than a year since I discontinued with Infosys Technologies Limited. Even to this
day, each moment of the two very special years spent at the Infosys Development Centres (DCs)
flash before the minds eye, as fresh as a blooming lily.
From the day I left home for the first time, with a heart full of exuberance, aspirations and
apprehensions, to enter the Mysore DC as a trainee to the day I surrendered my identity card to the
security guard at the main entrance of Mahindra City (Chennai SEZ) DC I was grilled from 8 AM to
11 PM five days a week. As a trainee, I was smart enough to clear the Screening Test that shortlisted
candidates for the Short Cycle which effectively meant that I was supposed to complete the
designed training course in 6 weeks, for which most others were allowed to take 12 weeks. As a
System Engineer, I was lucky enough to get good projects even during the economic slowdown. I
worked as a Contractor first for Fish4 and later for Bank of America.
As long as I was there, I could never take the time to realize that each day would count so decisively
in forming the individual that I am today.
Today, after I have started playing the second innings of my formal student life, its much easier to
be objective in evaluating the time spent as a System Engineer. Here I recall a few values, ethics and
principles which were an Infoscions way of life.
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1. THE WORLD IS FLAT:
The genuinely world class auditorium at the multiplex that the Mysore DC is known for, was filled
with the humming sound caused by the nervous murmuring of close to 1500 fresh engineering
graduates. Right in front was the giant LCD screen that can help connect all the DCs worldwide,
simultaneously, through Video Conferencing (VC). Above the screen were 7 huge clocks thatcovered the 7 major time zones on earth. As we allowed ourselves to get awed, a pleasantly heavy
voice addressed us ......At Infosys, its a Flat World......
Arun Nair, HR Manager for trainees at Mysore DC, meant that the organization provides a level
playing field to all its employees, irrespective of their diverse backgrounds. To make this fact most
visible, the Infosys code of conduct mandates each employee to address every other employee by
his/her first name The First Name Culture in Infosys parlance. The move is to ease the
organizational hierarchies that can otherwise cripple communication among and thus effective
functioning of the various levels.
It had hardly been 24 hours since this session. Most of us were still trying to cope up with thecultural clash of having to address senior personnel by their first names and not as Sir or Mam;
when we received a communication from the DC HR team that Mr. N.R. Narayana Murthy (NRN)
would be addressing the trainees at the DC Amphitheatre. Needless to say that all of us went to hear
him speak the astounding fact was that there was pin-drop silence in the amphitheatre, where
more than 5000 trainees and around another 1000 professionals had gathered. Nobody was
instructed towards maintaining any specific disciplinary rule or code, but everyone stood up to
greet the founder and Chief Mentor; allowed the eager trainees to move on first; shifted seats to
make places for people who were still streaming in, even if it meant moving out of their comfort
zones and sitting beside individuals whom they had never known; and yes-nobody munched chips
or cookies. (I wish our elected representatives realized that they have a lot to learn from such
personalities!)
After he had spoken for 15 minutes as he had promised to do; Mr. Narayana Murthy called for an
open house question-answer session. The first question was sought from a lady; and without a
second thought I grabbed the chance. Heres a part of the conversation that followed:
ME: Good Afternoon, Sir...
NRN: Good Afternoon, Madam! How long have you been with Infosys?
ME: Sir, I joined yesterday.
NRN: Oh! Well....I see. Youll learn the ways of the organization soon. For the time being, let me tell
you: To all Infoscions, I am Murthy that should remind you of something you heard last
afternoon , during the induction programme.
I got the message. I should not have addressed him as Sir.
What left me stunned was the fact that the person holding one of the highest chairs of the
organization is meticulous enough to keep in mind the minute details of the training and the
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induction programme; and theres no way to realize that from the simplicity and humility of his
being.
Thats the way at Infosys. For all practical purposes, hierarchies are eased to the maximum possible
extent; yet, all mistakes are pointed out sharply and publicly, taking special care not to embarrass
any individual.
2. THE GLOBAL DELIVERY MODEL
Infosys is known in the industry for pioneering the Global Delivery Model (GDM). This ensures the
distribution of both business and application process life-cycle activities and resources, ensuring
their proper integration at the same time.
The sole idea is to provide a complete operational backup for every DC. Every Project account is
simultaneously maintained at two DCs, so that, if, by any chance one DC faces an operational
shutdown, the other DC can take up the work in its entirety. The model is also known as the 70-30
model, because 70% of the work is taken care of at the offshore DCs across India and 30% is
handled at onsite.
This is facilitated through the robust process-orientation which allows the delivery of work
solutions from multiple work locations. Software Developers at each DC can take up an unfinished
work of any other DC, just by following the processes, clearly outlined using the ETVX (Entry-Task-
Verification-Exit) paradigm. As an additional aid, the detailed descriptions of all such processes are
stored in the central Knowledge Base the K-shop (Knowledge Shop).
To ensure that the GDM can be implemented with less than minimal glitches as and when required,
we the employees, were required to take up tests that evaluated our basic knowledge and
understanding of one or the other process, at regular intervals. This evaluation formed a part of the
formal appraisal process.
GDM ensures that the client is not affected adversely in any situation and that the value for money
is always provided.
3. C-LIFE
C-LIFE summarizes the Infosys Value System.
C: Customer Focus
L: Leadership by Example
I: Integrity & Transparency
F: Fairness
E: Excellence in Execution
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As an organization, Infosys works towards fostering excellence in relations with investors,
employees and all stakeholders including the society.
Its certainly more than just difficult to sustain such a value system in an organization of 100000+
employees. Each individual is a separate entity while entering the organization - with a uniquely
recognizable value system acquired over a period of close to 20+ years. Inducing a new set of valuesand ethics, at such a stage, where the organizational value system might even clash with the
individual value system, is a challenge to which a formal Code of Conduct might not always be
the right answer.
The trick that makes this work is giving each employee a feeling that the organization is his/her
own.
Customer Focus is ensured by allowing every individual with adequate visibility to the client.
Individuals working on a certain project for a certain client get the feeling of their work being
important to the organization and the client thus motivating them to perform their level best.
Also, individual client ratings were an important consideration during the Infosys appraisalprocess.
In the presence of individuals like Mr. N.R. Narayana Murthy (Murthy), Mr. Nandan Nilekani
(Nandan), Mr. S. Gopalakrishnan (Kris) and Mr. Mohandas Pai (Mohan); Leadership by Example was
a default phenomenon. Mr. Nilekani is not with Infosys anymore, but the confidence of the Indian
Prime Minister and a greater part of the Indian populace in the success of the mission he has now
undertaken, speaks volumes about his leadership. This culture percolates down to the lowest level.
No senior expects a junior to take up any responsibility without demonstrating it himself/herself.
Punctuality is honoured by everyone; but sought explicitly only by individuals who practice it.
During my tenure, I never met an individual who preached without practising.
Individual Integrity is one of the key factors in the success and growth of a 100000+ employees
organization. Here again the policies of Practicing before preaching and giving due importance to
individual contribution work wonders.
Fairness is not just a norm at Infosys, its a way of Life.
The robust and clearly appraisal mechanism makes it easy to evaluate the work and/or the work
product as the case may be, without evaluating the individual. This ensures that personal bias does
not paralyse the appraisal process. Giving every individual his/her due is important to get his/her
best efforts at work this fact is recognized and honoured at Infosys.
For an Infoscion at work, Sky is the Limit. Excellence in Execution is quantified by ensuring that the
best practices are followed at every minute stage of the process that leads to the making of the final
work product. At Infosys, every contributor dares to aim for perfection, practically, settling for
excellence. The deliverable thus produced, is of a superior quality.
4. THE INVERTED M:
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Special Care is taken to ensure that Team Spirit is maintained at all levels. For almost all practical
purposes, an Infoscions motto is: Not Me, but WE. The Inverted M stands for W that makes ME,
WE.
Apart from organizing team building activities at regular intervals at both the micro and the macro
levels, initiatives are taken up to make the team members comfortable. Here are a few suchinitiatives that are taken up throughout the organization:
MENTORSHIP ASSISTANCE: Whenever a fresher enters a project team, the usual response is
awe of everything being larger than life. Effectively, an individual is reduced to just a number
the employee number. To make sure that this doesnt frustrate the individual and/or adversely
affect his psycho-somatic ability to put in best efforts at work, every fresh graduate is assigned a
mentor who is usually a senior member of the project team, for a certain period that differs for
different individuals. The idea is to help the new comer to get acquainted with the ways of the
organization; to make him/her aware of the expectations that the team would keep from him based
on his skill set and performance during the training and making clear the channels of individual
growth.
KNOWLEDGE TRANSFER (KT) SESSIONS: KT Sessions are important for a number of
reasons:
No Resource can be allowed to become Inevitable. In case of an absence, the team or the
client should not suffer the pangs of incomplete work.
As an individual continues to work for a certain client, on a certain project, he/she does get
a hold on both the technical and the business aspects of the project. But, at the same time the
individual also gains seniority and is continuously monitored and appraised. A time would come
when the same project will not be able to offer any new opportunities or challenge to the person. Insuch a situation, he/she would have to be shifted elsewhere, so that his/her personal growth is not
hampered.
During appraisals, the number and quality of KT Sessions taken up by an individual, is considered. A
person giving KTs has higher rating than a person who just attends KTs. This move acts as a catalyst
to effective Knowledge Sharing at the organizational level and also helps build strong and well-
bonded teams.
Moving forward with the course of study, which will possibly lead me to a different organization, I
wonder about the work culture of the new place. For reasons well discernable from the style of
scribbling of this piece, I have chosen to retain and nurture the values that Infosys helped meinculcate. Hope itll fit well wherever I go.
Till Then....Good Hope!
By: Prapti Dutta
MBA-9th Batch
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Any Color You Like
Lateral Thinking
Question and the Answer given by Candidates, oh sorry they are IAS
(Indian Administrative Services - THE most difficult examination in
India. Candidates are graduate Officers now.
Q.How can you drop a raw egg onto a concrete floor without cracking it?
A. Concrete floors are very hard to crack! (UPSC Topper)
Q.If it took eight men ten hours to build a wall, how long would it
take four men to build it?
A. No time at all it is already built. (UPSC 23 rd Rank Opted for IFS)
Q.If you had three apples and four oranges in one hand and four
apples and three oranges in the other hand, what would you have?
A. Very large hands.(Good one) (UPSC 11 Rank Opted for IPS)
Q. How can you lift an elephant with one hand?
A. It is not a problem, since you will never find an elephant with
one hand. (UPSC Rank 14 Opted for IES)
Q. How can a man go eight days without sleep?
A. No Probs, He sleeps at night. (UPSC IAS Rank 98)
Q. If you throw a red stone into the blue sea what it will become?
A. It will Wet or Sink as simple as that. (UPSC IAS Rank 2)
Q. What looks like half apple?
A : The other half. (UPSC - IAS Topper )
Q. What can you never eat for breakfast?
A : Dinner.
Q. What happened when wheel was invented?
A : It caused a revolution.
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Q. Bay of Bengal is in which state?
A : Liquid (UPSC 33 R ank )
Interviewer said "I shall either ask you ten easy questions or one
really difficult question.
Think well before you make up your mind!" The boy thought for a
while and said,
"my choice is one really difficult question."
"Well, good luck to you, you have made your own choice! Now tell me this.
"What comes first, Day or Night?"
The boy was jolted in! to reality as his admission depends on the
correctness of his answer, but he thought for a while and said, "It's the
DAY sir!"
"How" the interviewer asked,
"Sorry sir, you promised me that you will not ask me a SECOND
difficult question!"
He was selected for IIM!
By: Sunil Sharma
MBA-8th Batch
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Power Article
Renewable Energy Certificates
The National Action Plan on Climate Change (NAPCC) has recommended the minimum share of
renewable in the national grid to be set 5% by 2009-10 which could be subsequently increased by
1% during next 10 years, becoming 15% at the end of 2020. The NAPCC has also recognised the
limitations of the present RPS framework in meeting the ambitious targets envisaged under the
NAPCC. Under the current regulatory framework, there is little scope for raising the state RPS level
in absence of an alternative facilitating mechanism. Therefore, the NAPCC strongly emphasised the
need for introducing a market based instrument like Renewable Energy Certificates (RECs) for
holistic development of renewable in the country.
The Ministry of New and renewable Energy (MNRE) along with the Central Electricity Regulatory
Commission (CERC) and Forum of regulators (FOR) has evolved a new RE regulatory framework
for the country in which RECs will be recognised as a valid instrument for meeting the state level
RPS obligation. The proposed REC operational framework for India has been devised after studyingthe global best practices and customised to comply with the existing legal and regulatory
framework in India. The salient features of the proposed REC framework are summarised below:
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In the REC mechanism, grid-connected MNRE approved RE technology projects above 250kW
capacity are considered as eligible to participate in the REC mechanism. Further, the existing RE
projects which have entered into PPA with distribution licensee or others at preferential tariff shall
not, in case of pre-mature termination of the agreement, be eligible for participating in the REC
mechanism for a period of three years from the date of termination of such agreement or till the
scheduled date of expiry of power purchase agreement whichever is earlier (Terms and conditionfor recognition and issuance of Renewable Energy Certificates (First Amendment) regulations,
2010). The obligated entities under the REC mechanism are distribution licensee, open access
customers and captive users but can vary from state to state based on the order of the respective
SERCs. The shell life of the RECs is one year and REC s will be issued only in electronic form to
avoid hassles of paper work. The RECs are proposed to be denominated in energy (MWh) terms in
order to be consistent with the RPS, which is expressed as a percentage of energy consumption.
REC mechanism is not an incentive scheme. Rather it will enable sale and purchase of renewable
components across the state boundaries. Though the REC represents an environment attribute, it
will not be related to carbon credits. These two mechanisms will operate independent of each
other.
Renewable energy generation in REC mechanism will have two components, electricity component
and environment component. The electricity component can be considered to electricity generated
from conventional sources, which will be priced at or less than the average power procurement
cost of the host distribution licensee (previous years weighted average pooled cost of power
purchase from conventional power sources). Explanation: RE developer will sign a PPA with the
host distribution licensee at or below average power procurement cost or will sign a PPA with open
access customer or other distribution licensee at any cost. The renewable energy component of
electricity generated from RE based projects is valued separately in the form of REC price. The price
of REC will be as discovered in the power exchange, subject to forbearance price and floor price asdetermined by CERC.
There are two categories of certificates, solar certificates issued to eligible entities for generation of
electricity based on solar as a renewable energy source, and non solar certificates issued to eligible
entities for generation of electricity based on renewable sources other than solar. The solar
certificates shall be sold to the obligated entities to enable them to meet their renewable purchase
obligation for solar while the sale of non-solar certificates will enable them to meet their obligation
for purchase from RE sources other than solar.
National load dispatch centre is designated as nodal agency for issuance of REC to developers. State
load dispatch centre will be responsible for keeping accounts of renewable energy fed into the grid,accounting of the renewable energy procured by the obligated entities, issuance of RE power
generation certificate to REC registry, accounting of total energy procurement by all obligated
entities. Issued RECs can only be sold or purchased on REC Exchange Platform (Power Exchanges:
PXIL, IEX) only and RECs are one time tradable only.
The operational framework essentially consists of five major players: RE generator, SLDC, NLDC,
Power Exchanges and SERCs, who have to perform the following activities:
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Energy accounting of RE generator
Issuance of RECs to RE generator
Procurement and surrender of RECs by obligated entity
Notification to the respective SERC about fulfilment of RPO of obligated entity.
By: Simranjeet Singh
MBA-8th Batch
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Abhivyakti
"
"
,
!
,
, !
- ,
!
,
. !
,
!
,
!
,
!
,
!
(2009-11)
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Abhivyakti
,
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,
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,
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,
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By: Sachin Kumar
MBA-9th Batch
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Nostalgic Moments
FRIEND..BYGONE
It is nothing but The Inevitable. Ithappens to everybody every living being on the earth. Till date,
theres no cure to it and as they say, What cant be cured, must be Endured. Yes, thats true.
Nobody on the earth can help endure it.
Call it a phenomenon; a change or whatever. Its a part of life. Not that it has only pain associated
with it; after all Whatever happens, happens for the Best. A lot many new, formerly unfound joys
come with it. But, Pain is, almost always, a part of it, though it varies in proportion for different
individuals. I had to accept these facts after quite some contemplation; much of it being painful. But,
as I said earlier, like everyone else, I had no choice.
She was going away forever from my life. I knew she would not come back; in fact she could not.
This is Life The Old order changes yielding place to the New. She tried her best not to make the
parting painful to me. She gave me the maximum permitted time and though, I would have been
more than just happy to exceed the limit, I had no alternative. She had to leave me and I had to
accept her substitute.
All through those days, rather those years, she tried to convince me about her substitute. The new
one, she said, would be more energetic and, without doubts, more promising. Though I could not
comprehend the reason behind her serene, peaceful, smiling countenance, I loved believing her. It
eased my pain.
Just to make me comfortable, she talked for hours at a stretch. She spoke of the wonderful
opportunities that the new one would bring for me- so said she!! At times, I did feel that she was
lying- that I could be anything but happy without her. But she was never doubtful. She was
confident that I would be happy!!
Slowly, she started moving farther. Slowly and steadily, our conversations, rather her monologues
on the forthcoming happiness in my life, got shortened. I still remember, during the last few days,
she used to say, Youll be fine without me. Lifes going to be a lot more colorful for you. I didnt
know how she said that but her calmness held me from questioning.
It has been years since she left. Today, I realize what she said was true. I have seen new joys and
new colors in life. Her substitute is promising and energetic; just as she had said. I am happy with
my new companion; but I miss her. I miss the mirth which she gave me- the leisure, the simple
giggles, the most sincere tears and the deep faith. I miss them all. Still, I am happy!!
Life goes on. I cherish, in memory, the time spent with her. She is gone but not lost- my best friend,
my childhood.
By: Prapti Dutta
MBA-9th Batch
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Reviews
Movie Reviews
AISHA
Amit trivedi to me is the find of the decade along with Shreya Ghoshal, when it comes to Indianmusic. After Aamir, DevD, and other successful stints he is rising steadily. He meets the expectations
in the chic flick Aisha. The new kind of urban sound with trademark Trivedi touch is just
indispensible for the movie. Album starts off with the title track Aisha which is peppy and youthful
to be short. Its kind of similar to sound tracks of Pyaar Impossible but Trivedis done the magic
with instrumentation. I specially liked the use of trumpet in the song. Next comes Gal mithi mithi
bol which has chartbuster written all over. Party song of the year, specially in north India. Tochi
Raina is emerging and is now noticed. Theres also a dhol mix to this song which is okay okay. Now,
the real gem is Sham. Its about a group of friends chilling out in campfire. Least orchestration never
makes it look lacking anywhere. Amits raw vocals just add innocence to the entire setting and
transport you to the different world altogether. Behke behke is yet another corroboration of the factthat he can experiment with all the genres. Its a jazzy, latin-type, fast paced number with great
variations. Anushka Manchanda does it exemplarily well in handling the song and its celebration
mood. Anusha Mani is someone to look out for in Lehrein. She has got that western feel to her
singing which is very fresh. Its a doleful number and moves with a ste ady pace but the melody is
the USP. By the way is full of energy and girly attitude and the deft distortion adds to the campus
touch to it. Overall, one of the finest music album of the year. So, go and explode it in your drives
and college fests.
RIVER GOD
A true story with a hint of fiction about the rise and fall of the Egyptian empire. Taita is the slave
and story teller of this catchy plot. He also happens to be one of the characters in the book. He is
someone very close to the princess Lostris. She happens to be the daughter of lord Intef. Taita
worships the princess like a goddess and she reciprocates it with her love. Taita is in fact blessed
with some godly power like forevision, alchemistry and also the knowledge of transporting to the
other world. He is also a scientist and architect.
Lotris falls in love with Tanus who is a soldier. Lotris and Tanus face the rise and fall of the great
Egyptian empire. They also suffer the mighty Hyskos, are compelled to leave their homeland. But
their redemption to regain the lost home is captivating. Lotris gets married to the Pharaoh of Egyptbut it doesnt end her love for Tanus. Their love gives them the strength to fight for their country
and to redeem their lost pride. In all a great read. Wilbur Smith has written it in a very lucid fashion.
A must read for mystery and history buffs.
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ONE FLEW OVER CUCKOOS NEST
If you claim to be a movie stud, boast of IMDB top charts collection and havent seen One flew over
cuckoos nest then better make an introspection. The Jacj Nicholson is a classic in all senses. The
movie is actually based on novel by the same name. I am not going compare the both goes its gonna
take us waywards. The movies dramatic impact never seems to end at all. It can be proved by thefact that Milos Forman went on to win the Oscar for the same movie! The movie is a catchy satire
and take on mental institutions and human spirit. Jack Nicholson playing Randle Pattrick is a
frequent jail goer and a con who fakes mental illness to enter lunatic asylum where he expects to
serve his term in relative comfort. But the warden of asylum happens to be a tyrannical character
played by Louis Fletcher. Now the power games involved between the two are the things to be
watched out as Jack leads acts to lead the way for the patients. As the film evolves the conflict
between the staff and the staff goes so intense that it leaves Jack in a vegetable-like state. On the
crust the movie looks like a comedie, but when analysed it seems farfetched something short of
Orwell. Its all very symbolic where the prime target is Soviet Union and the desire to escape from it.
The character portrayals is immaculate and even the acting performances flawless. Its a good
thoughtful viewing though a bit irrelevant to current times.
BODY OF LIES
Caprio starrer Body of lies is a spy thriller in the backdrop of Iraq war. Its about the moral
ambiguity, double crosses, car chases and even love. Directed by Ridley Scott I particularly like the
ingenuity of the portrayal of the disturbed country. All you should know about the story going in is
that DiCaprio plays Roger Ferris, a CIA field agent in an important position in the middle east
division, just below the leader of the division Ed Hoffman (played by Russell Crowe), a snarky,
racist, and mostly unlikeable man who leads the missions remotely through his laptop and
cellphone. Ferris uncovers a lead on a major terrorist leader potentially operating out of Jordan,
and chooses to act on it, involving Jordanian intelligence leader Hani Salam, played brilliantly by
Mark Strong. His performance is just the right side of slightly hammy, and works wonderfully well.
There are twists and turns and it's a lot of fun. In the end caprio comes out unscathed and mission
accomplished. Climax is definetily a cliff hanger. The learnings from the film are the political setting
of the Middle East and the sense and sensibilities of the people there in power. Its not among the
best movies of the genre but excellent performance by Leonardo makes it watchable. One minor
complaint is the pacing of the film. There are a few stops and starts as Farris deals with the reality
of the effectiveness of his enemies. As he adjusts his plans it feels as if the story starts back from the
top. Even after some powerful supporting performances, Scott offers no real reason to care about
this parallel-universe version of our war on terror. Even with constant references to Guantanamo
and the Green Zone, it feels as outdated as if it were set during the Cold War.
DEV- D
I am in such an awe of Amit Trivedi that just cant help writing anything apart from his work these
days. After a brilliant debut with the soundtrack for the movie Aamir, DevD established him as the
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most talented music director of the country. He has already won half a dozen awards for DevD
including for the best background score. The credit that DevD is hailed as a musical goes aptly to
Amit. The largest album of modern years consists of 18 tracks and remember no remixes ! Starting
off with a dark, techno sounds of Ankh Micholi sung by Trivedi itself the album is truly impossible
to predict. Featuring an eclecting mix of rock, jazz, bhangra, rajasthani folk, ballad, sufi the album is
consistently outstanding. Lot of credit goes to singing department as well. Shilpa Rao, Lubh Janua,Tochi Raina, Joi Barua and team have done a commendable job. The best part is that the songs
which were not the very popular are the ones which need to be looked into. Right from Chanda
theme to Hulchul there are lot of surprises. And what a tremendous innovation is the brass version
Emosional Attyachar. Orchestration is very non conventional to outlandish throughout the album.
Deft use of sitar, mandolin and distortions create super gratifying effect. Kudos! to the music
director and film director for coming up with one of the best soundtracks ever.
By: Gaurang Chandel
MBA-9th Batch
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