Latest news with #MRS
Business Recorder
2 days ago
- Business
- Business Recorder
KP govt refutes irregularities, corruption in solarisation scheme
PESHAWAR: The KP government has refuted the impression of alleged irregularities and financial corruption in the provision of free solar systems to 130,000 poor and middle-class families of the province termed it baseless and misleading propaganda, reported by some sections of media. It said that some vested interests associated with the solarisation business have started spreading false propaganda against the project after it failed to achieve its desired objectives. In this context, KP Energy and Power Department has clarified that the mega project of the Khyber Pakhtunkhwa government's 130,000 free solar scheme had been launched through the online e-balloting in which deserving families have been selected on merit and at the same time he has issued instructions that the public welfare project should be completed as soon as possible. department's subsidiary, the Pakhtunkhwa Energy Development Organisation (PEDO). KP Chief Minister Ali Amin Gandapur has inaugurated the first phase of the project through Moreover, the real facts about the project are that no payment has been made under this project yet. No tender has been allotted to any contractor, while the estimated rates of the project have been prepared in full accordance with the Market Rate System (MRS) 2024 first half and the approved market rate analysis of the Finance Department. The project was initiated after the approval of the Technical Committee comprising representatives of the Finance Department, P&D Department, Energy Department and PEDO after regular consultations regarding design, estimation and PC-1 in its meetings. In addition to this, the advance procurement process for the project has been initiated under Section 22 of the KPPRA Act, which allows approval subject to availability of funds. Similarly, the letter recently issued by KPPRA regarding the irregularities in procurement is also contrary to reality, in which the advance procurement of the penalised party has been mentioned. In this regard, the E&P Department further clarified regarding the project, there is impression that only one model of all-in-one solution in China that is also wrong because several companies in China are working on all-in-one solution. In fact, there are companies in Pakistan that are working on this model, which is proving the quality of work and technical process to be timely and effective. Similarly, a Memorandum of Understanding (MoU) has already been signed between Bank of Khyber (BoK) and PEDO for the timely completion of the project. The non-ADP summary for this scheme has been approved by the cabinet and the Planning and Development Department has sent the cost of the project and other matters to the Chief Minister through a summary after formal approval. Copyright Business Recorder, 2025
Express Tribune
2 days ago
- Business
- Express Tribune
Govt refutes allegations of irregularities
The Khyber-Pakhtunkhwa government has strongly rejected allegations of irregularities and financial misconduct in its flagship initiative to provide free solar energy systems to 130,000 low and middle-income households. In a statement issued on Sunday, the provincial administration labeled recent media reports as "baseless" and part of a "misleading propaganda campaign" allegedly driven by vested interests within the solar industry. The Energy and Power Department clarified that the large-scale solarization project is being implemented through the Pakhtunkhwa Energy Development Organization (PEDO), a subsidiary body of the department. Chief Minister Ali Amin Gandapur recently inaugurated the first phase of the initiative via online e-balloting, ensuring a transparent selection of eligible beneficiaries. Authorities emphasized that no funds have yet been disbursed under the scheme, nor has any contract been awarded to a vendor. The project's cost estimates have been prepared in line with the Market Rate System (MRS) 2024 and endorsed by the Finance Department's approved market analysis. The project underwent rigorous evaluation and received clearance from a Technical Committee.
Time of India
21-05-2025
- Science
- Time of India
MR Srinivasan, doyen of India's nuclear power programme, dies at 95 in Ooty
Udhagamandalam: , the nuclear scientist and former chairman who was instrumental in the development of India's nuclear power programme, died in Ooty on Tuesday. He was 95. Srinivasan was admitted to a private hospital in Ooty after he complained of discomfort on Monday afternoon. Tired of too many ads? go ad free now He died after suffering cardiac arrest on Tuesday. Srinivasan is survived by his wife, Geetha Srinivasan, daughter Sharadha Srinivasan and son Raghuvir Srinivasan. Srinivasan had the distinction of working with Homi J Bhabha on the construction of India's first nuclear research reactor, Apsara, which went critical in Aug 1956. His career was marked by associations with the most hallowed names in India's atomic power programme, including Vikram Sarabhai, Homi Sethna and Dr Raja Ramanna. Born on Jan 5, 1930 in Karnataka, Malur Ramasamy Srinivasan finished his schooling at Mysore. He graduated with a bachelor's degree in mechanical engineering in 1950 from UVCE, then a new engineering college founded by M Visvesvaraya. After his master's in 1952, he was awarded a PhD by McGill University, Montreal, in 1954. Specialising in gas turbine technology, he joined the Department of Atomic Energy in Sept 1955 and worked alongside Bhabha. In Aug 1959, Srinivasan was appointed principal project engineer for the construction of India's first atomic power station. He went on to become the chief project engineer of Madras Atomic Power Station. Srinivasan held several key positions of national importance, which included director of the power projects engineering division in DAE and chairman of the Nuclear Power Board wherein he oversaw the planning, execution, and operation of all nuclear power projects across the country. Tired of too many ads? go ad free now In 1987, he became chairman of Atomic Energy Commission and secretary of the Department of Atomic Energy. In the same year, he also became the founder-chairman of the Nuclear Power Corporation of India Ltd. Under his leadership, 18 power units were developed. He was awarded a in 2015 in recognition of his outstanding contribution to India's programme. V S Ramamurthy, former secretary, department of science and technology, called Srinivasan one of the earliest architects of the Department of Atomic Energy. "I consider MRS a walking dictionary of nuclear power in the country," Ramamurthy told TOI. "In the mid-1980s, MRS was the first one in the country to organise a public debate on nuclear safety, in Bengaluru. His knowledge of the power reactor scenario was fantastic, and Kalpakkam reactor is an example for which he was in-charge then," he said. Prime Minister Narendra Modi condoled Srinivasan's passing. "Deeply saddened by the passing of Dr M R Srinivasan, a stalwart of India's nuclear energy programme. His instrumental role in developing critical nuclear infrastructure has been foundational to our being self-reliant in the energy sector. He is remembered for his inspiring leadership of the Atomic Energy Commission. India will always be grateful to him for advancing scientific progress and mentoring many young scientists. M y thoughts are with his family and friends in this sad hour. Om Shanti," he posted on X. TN governor R N Ravi said said Srinivasan's visionary leadership and scientific acumen were central to building the nation's self-sufficiency in nuclear energy. TN chief minister M K Stalin called Srinivasan a "pillar of India's atomic energy programme" and "a true nation builder". Srinivasan had made Ooty his home after retirement and divided his time between the hill town and Bengaluru.
Time of India
20-05-2025
- Science
- Time of India
MR Srinivasan, doyen of India's nuclear power programme, dies at 95
UDHAGAMANDALAM: M R Srinivasan , the nuclear scientist and former Atomic Energy Commission chairman who was instrumental in the development of India's nuclear power programme , died in Ooty on Tuesday. He was 95. Srinivasan had the distinction of working with Homi J Bhabha on the construction of India's first nuclear research reactor, Apsara, which went critical in Aug 1956. His career was marked by associations with the most hallowed names in India's atomic power programme, including Vikram Sarabhai, Homi Sethna and Dr Raja Ramanna. He was founder-chairman of Nuclear Power Corporation of India Ltd. Under his leadership, 18 power units were developed. In 1987, Malur Ramasamy Srinivasan became secretary of department of atomic energy and chief of Atomic Energy Commission. The same year, he took charge of Nuclear Power Corporation of India. On Monday, Srinivasan was admitted to a private hospital in Ooty after he complained of discomfort. He died after suffering cardiac arrest Tuesday. Born on Jan 5, 1930 in Karnataka, Srinivasan finished his schooling at Mysore. He graduated with a bachelor's degree in mechanical engineering in 1950 from UVCE, then a new engineering college founded by M Visvesvaraya. After his masters in 1952, he was awarded a PhD by McGill University, Montreal, in 1954. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [Click Here] 2025 Top Trending local enterprise accounting software Expertinspector Click Here Undo Specialising in gas turbine technology, he joined department of atomic energy in Sept 1955 and worked alongside Bhabha. In Aug 1959, Srinivasan was appointed principal project engineer for the construction of India's first atomic power station. He went on to become the chief project engineer of Madras atomic power station. He held key positions of national importance, which included director of power projects engineering division in DAE and chairman of Nuclear Power Board wherein he oversaw the planning, execution, and operation of all nuclear power projects across country. He was awarded a Padma Vibhushan in 2015 in recognition of his outstanding contribution to India's nuclear energy programme. V S Ramamurthy, former secretary, department of science and technology, called Srinivasan one of the earliest architects of DAE. 'I considered MRS a walking dictionary of nuclear power in the country,' Ramamurthy told TOI. 'In the mid-1980s, MRS was the first one in country to organise a public debate on nuclear safety, in Bengaluru. His knowledge of the power reactor scenario was fantastic, and Kalpakkam reactor is an example for which he was in-charge then,' he said. PM Narendra Modi condoled Srinivasan's passing. 'Deeply saddened by the passing of Dr M R Srinivasan, a stalwart of India's nuclear energy programme. His instrumental role in developing critical nuclear infrastructure has been foundational to our being self-reliant in the energy sector. He is remembered for his inspiring leadership of Atomic Energy Commission. India will always be grateful to him for advancing scientific progress and mentoring many young scientists. My thoughts are with his family and friends in this sad hour. Om Shanti,' he posted on X. Tamil Nadu governor R N Ravi said Srinivasan's visionary leadership and scientific acumen were central to building the nation's self-sufficiency in nuclear energy. TN CM MK Stalin called Srinivasan a 'pillar of India's atomic energy programme' and 'a true nation builder'.
&w=3840&q=100)
Business Standard
15-05-2025
- Business
- Business Standard
Myntra expands the 'Rising Stars' programme to back D2C home brands
Online fashion retailer Myntra has unveiled Myntra Rising Stars (MRS) Home Edit, a strategic expansion of the platform's Rising Stars programme, aimed at nurturing innovations by homegrown D2C brands that are transforming the way India shops for its living spaces. As lifestyles continue to evolve, customers are increasingly investing in their homes—seeking personalisation, style, and innovation. Myntra said homegrown D2C brands are rewriting the playbook on design-led innovation. They are reimagining category experiences, blending form and function with a deep understanding of evolving personal lifestyle choices. 'Customers are looking to differentiate themselves. They are increasingly seeking products that align with their lifestyle—whether it's ergonomic furniture, sustainable decor, or theme-inspired home selections,' said Maneesh Kumar Dubey, vice-president, category management, Myntra. 'D2C brands are catering to this space with their unique and differentiated products. With the launch of MRS D2C Home Edit, we are bringing together an array of emerging homegrown brands with the biggest selection and innovative offerings.' The Myntra Rising Stars programme has been designed for both renowned and emerging D2C made-in-India brands offering unique propositions for customers. Brands can opt in based on qualifying criteria, which include the size of the brand, social media followership, strategic significance, and uniqueness of the product proposition, among others. The launch phase of the MRS Home Edit witnessed over 165 D2C brands across home furnishing, decor, kitchen and dining, furniture, and mattresses join the programme. These include tapestries and wall art, antique showpieces, Indie wall plates, Warli printed decor, ceramic soap dispensers, luxe bathroom accessories, and smart cookware. The onboarded brands include a mix of Myntra-first entrants and established players now being elevated through strategic exposure. Brands such as Sleepyhead, Story@Home, Kuber Industries, Haus & Kinder, Chumbak, SleepyCat, and Nestasia have scaled with enhanced merchandising, curated content, and targeted discovery.
