Opinion

"Reforms are needed in the upstream sector"

18 Jan 2000 |
Dr R K Pachauri
| The Economic Times

The energy sector in India has been witnessing significant shifts in the past few years. Both the industry and policy-makers are gradually beginning to realise the fall-outs of the new policies, which are based on market principles rather than administrative prices. While, in the power sector, the government started off with a liberalised policy allowing private investors in generation, distribution and transmission, in the oil and gas sector, the government is now moving towards market prices for petroleum products instead of administered prices.

Dr R K Pachauri, Director-General of TERI, one of the premier research organisations in the field of energy, spoke to Soma Banerjee and M K Venu of The Economic Times on the new trends in this sector.

Greenbudgeting: essential for sustainable economic growth

17 Jan 2000 |
Dr R K Pachauri
| TERI Newswire VI(2)

Even though Asia has been afflicted with a serious economic crisis during the end of the 1990s, India has done reasonably well in maintaining a healthy rate of growth. The current phase of economic reforms being implemented by the Government of India has raised expectations that economic growth will be accelerated even further, and investments for key sectors of the economy enhanced in the coming years. The Budget of the Government of India due to be presented by the Finance Minister, Mr Yashwant Sinha on 29 February is, therefore, being awaited with great expectations and hopes that it would spur a higher rate of growth of the Indian economy. There are undoubtedly concerns about the budget deficit, which has been threatening to go out of hand, particularly if we look at the combined deficits of the states and the union government. The situation looks daunting, but can be brought under control with effective fiscal discipline.

In the time of trusteeship

08 Jan 2000 |
Dr R K Pachauri
| Business Today

As we step into the New Millennium, the protection of the environment is a critical challenge for countries and companies alike. Historically, socialist countries like the former Soviet Union that practised rigid centralized planning were poor examples of social responsibility and environmental protection. In particular, a large number of cases from the former Soviet Union that are only now becoming known provide horror-stories of total disregard for environmental damage and destruction. Countries with free market economies too have emerged no better.

Greening of business

06 Jan 2000 |
Dr R K Pachauri
| Chartered Financial Analyst 5(5)

There is actually no conflict between environmental protection and development. For thousands of years human society has been deeply responsible in ensuring its welfare while at the same time protecting the environment. However, the advent of the industrial revolution in the countries of the northern hemisphere somehow lost sight of the damage that industrial production and consumption of newer and larger quantities of goods and services would do to the environment.

Power sector reforms: resolute stand essential

02 Jan 2000 |
Dr R K Pachauri
| TERI Newswire VI(1)

As this issue goes to press, the power sector in northern India is facing a serious labour problem, with the employees of the UPSEB (Uttar Pradesh State Electricity Board) having gone on strike and the danger of other states showing their sympathy by adopting 'work to rule' tactics. The stand taken by the UPSEB employees and unions deserves no public support, because the government of UP has rightly decided to corporatize the electricity industry in the state, with full assurance that all the rights and privileges of the employees will be protected in the new set-up.

To raise apple production in HP with global standards

01 Jan 1970 |
Mr Amit Kumar Thakur
| CSR Times

The CSR project, funded by Container Corporation of India, focuses on improving the quality and productivity of apples in Shimla, Kullu and Kinnaur districts of Himachal Pradesh, says Mr Amit Kumar Thakur, Head, CSR Initiatives, TERI.

To prevent recurrent monsoon flooding that brings India's metro cities to a halt, adopt the watershed approach

01 Jan 1970 |
Dr Shresth Tayal
,
Ms Swati Singh
| The Times of India

Adopting a watershed approach to micro-level planning in a city reduces its dependence on imported natural resources like water from outside the city limits, and mitigates the risks of extreme weather events, says Dr Shresth Tayal, Fellow, Water Resources and Forestry Division, TERI and Ms Swati Singh, Research Scholar, TERI University.