After UPI & Aadhaar, Infosys' Nandan Nilekani Now Eyes Digital Overhaul Of Power Sector
Government of India launched the Revamped Distribution Sector Scheme (RDSS) with an outlay of Rs. 3,03,758 crore and estimated GBS from Central Government of Rs. 97,631 crore for the duration of 5 years i.e. from (FY 2021-22 to FY 2025-26).
The Scheme aimed to reduce the Aggregate Technical & Commercial (AT&C) losses to pan-India levels of 12-15% and Average Cost of Supply (ACS)-Average Revenue Realised (ARR) gap to zero by 2024-25.
The Scheme has two major components: Part 'A' – Financial support for Prepaid Smart Metering & System Metering and upgradation of the Distribution Infrastructure and Part 'B' – Training & Capacity Building and other Enabling & Supporting Activities. Financial assistance to DISCOMs is provided for upgradation of the Distribution Infrastructure and for Prepaid Smart Consumer Metering & System Metering based on meeting pre-qualifying criteria and achieving basic minimum benchmark in reforms.
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Economic Times
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Commodity Radar: MCX crude oil futures cross 200-DMA amid Israel-Iran tension. Can it breach this crucial resistance zone?
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Edited excerpts: ADVERTISEMENT Crude oil futures were trading in the green on Wednesday, notwithstanding some profit booking in the international markets. Crude oil prices have firmed up on Israel-Iran tensions, and there is a view in certain sections that the prices could double to $150 per barrel. The July crude oil futures were trading at Rs 6,324 per bbl on the MCX, gaining Rs 25 or 0.4% over the previous closing. Meanwhile, on the COMEX, crude oil contracts were trading around $74.54 per bbl, declining by $0.30 or 0.40%. Brent oil futures were down by $0.44 or 0.58% and hovering near the $76.01 mark. Commenting on the current trends, Naveen Mathur, Director - Commodities & Currencies at Anand Rathi Shares and Stock Brokers said that the geopolitical tensions have once again gripped oil markets, this time driven by the escalating Israel-Iran conflict and the potential for supply disruptions, which have acted as a catalyst for oil's dramatic 10% price rise over the last five days. Moreover, tight inventories and a declining number of operational oil rigs have kept the prices in a positive territory throughout June, so far. 'The recent escalation in tensions has added fuel to the rally, with prices up nearly 20% so far this month. There is a heightened risk to Iran's oil output (OPEC's third-largest producer), and potential disruptions around the Strait of Hormuz—through which roughly 20% of global oil shipments pass—are fueling volatility. The fact that both sides have targeted energy infrastructure is a clear cause for concern, with the key export hub of Kharg Island and oilfields in Iraq potentially at risk. However, the threat to block the Strait of Hormuz remains the biggest wild card,' Mathur added. ADVERTISEMENT Mathur highlighted that oil rigs continue to decline and are now at their lowest level in four years. 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Business Standard
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Ratnabhumi Developers jumps 108% in fourteen days
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Sattva, Blackstone-backed REIT raises ₹1,400 crore in pre-IPO funding
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