Work on ideal power mix, add nuclear capacity: Manohar Lal to States
Power minister Manohar Lal on Friday said resource adequacy and necessary power generation capacity tie-ups should be ensured by states. States should, while meeting their
resource adequacy plan
, also work on having an adequate power generation mix, including addition of nuclear generation capacity, Lal said while addressing the regional power conference with southern states.
Lal said states should work towards resolving the intra-state transmission sector challenges, including 'right of way' issues.
He emphasized the need to adopt guidelines issued by the central government in this regard.
States should leverage the scheme announced in Union Budget 2025-26 including the scheme of ₹1.5 lakh crore interest-free loan to states for 50-year for infrastructure development.
Lal urged states to submit proposals for third phase of the
Green Energy Corridor
and asked to promote renewable energy coupled with storage solutions so as to have energy reliability and to collectively meet India's international climate commitments under the UNFCCC.
Power secretary Pankaj Agarwal, who also addressed the conference, highlighted that it is crucial to ensure necessary power generation capacity tie-ups as per the resource adequacy plan for up to FY35 to meet future power demand.
He added that It is imperative to make necessary arrangements for development of inter-state and intra-state transmission capacities through various financing models available including tariff-based competitive bidding , regulated tariff mechanism, budgetary support or monetization of existing assets.
States should make all efforts for securing the power sector infrastructure, including the transmission grid and distribution systems, against cyber security concerns and should implement necessary cyber security protocols for the same, he added.
In addition, states should work towards ensuring financial viability of distribution utilities, he said.
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Time of India
31 minutes ago
- Time of India
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And with RBI's meeting next week with where inflation is, it is a given that there would be a 25 bps rate cut, so that would be an additional benefit which the banking sector will get. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. But the major reason why I am bullish on banking, in particular private banking, is because the Union Budget that we had this year which increased the tax slabs and made income up to Rs 12 lakh tax-free, the benefit of that you will start seeing from the FY26 which is the financial year which has just started. So, while a lot of people are talking about consumption spending going up and discretionary spending going up, a clear beneficiary, the first beneficiary and the biggest beneficiary of this new tax policy would be banking because that is where money will come in the first place. If you talk about things that are working for the bank, the tax policies, the new tax structure is really favourable, repo rate will be revised to 5.75% so more money in the hands of the banks and over the last two-three years also tax policies have been changed in such a way that a lot of the advantage is given to mutual funds where people were taking their money from banks, particularly debt mutual funds which got indexation benefit and 20% tax post that – has been taken away. Gradually, a lot of policies have started favouring banking and I like private banking. The top picks I have in that sector would be clearly HDFC Bank and Axis Bank which also by the way get a lot of their revenue from non-interest income, another area of banking which I am really positive on, HDFC and Axis both get about 18% to 19% of their total income from fee-based income distribution of third-party products, mutual funds, the AMC business, and the other bank I am bullish on is Federal Bank. Live Events You Might Also Like: CA Rudramurthy BV on crucial Nifty levels to watch; 2 stocks to buy So, these three banks and clearly a week before the MPC meeting banking is definitely one sector which I am really bullish on and bullish on for the next three, four, five years kind of perspective. India still remains an underbanked country. What is your view on the IT sector? Do you continue to be optimistic on that one? And also, how do you see Indian IT companies navigating the whole AI transition play? Rajat Sharma: If you look at the history of the Indian IT sector , it always trails the US IT. Whatever happens there both in terms of development and adoption to new technology whether it was digital around a decade back or it is AI now and also in terms of earnings and valuations, so while US tech companies have run up a lot in the last one year or so, Indian tech has been struggling mainly because there was a negative sentiment around Indian IT companies, still relying on cloud and digital and basically the legacy business of programming and not really adopting to the AI revolution. In fact, because of AI, there were a lot of job cuts which we saw at Infosys and stuff. So, my view is that they got affected because there was a curtailed spending in the US on fears of a recession in US markets on account of Trump's tariffs policies or whatever. 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The top picks I have in that sector would be clearly HDFC Bank and Axis Bank which also by the way get a lot of their revenue from non-interest income, another area of banking which I am really positive on, HDFC and Axis both get about 18% to 19% of their total income from fee-based income distribution of third-party products, mutual funds, the AMC business, and the other bank I am bullish on is Federal Bank. So, these three banks and clearly a week before the MPC meeting banking is definitely one sector which I am really bullish on and bullish on for the next three, four, five years kind of perspective. India still remains an underbanked country. ADVERTISEMENT What is your view on the IT sector? Do you continue to be optimistic on that one? And also, how do you see Indian IT companies navigating the whole AI transition play? Rajat Sharma: If you look at the history of the Indian IT sector, it always trails the US IT. 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Mint
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