000-tobecategorised
https://www.telegraphindia.com/business/how-mumbai-is-left-at-the-mercy-of-adanis/cid/1920609?s=08 6.02.23 Extracts from the article.. The risks arise from the fierce collateral terms attached to the $1-billion Senior Secured Notes that Adani Electricity Mumbai Ltd (AEML) floated in February 2020 — just 18 months after the Adani group gained control of beleaguered tycoon Anil Ambani’s Reliance Infrastructure Ltd...The terms of the loan covenant are not widely known because AEML is an unlisted company — and that means the city of Mumbai, its financial regulators, financial institutions, banks and market authorities are possibly unaware of the powder keg they might be sitting on.
The private sector was allowed to enter the power transmission business only in 1991 even though a few players like CESC and Tata Power had been involved in generation and distribution for several decades.
Section 17(3) of the Electricity Act, 2003, says: “No licensee shall at any time assign his licence, or transfer his utility, or any part thereof, by sale, lease, exchange or otherwise without the prior approval of the Appropriate Commission.” .. It is hard to believe that the authorities could have envisaged a situation where the licence could be assigned to a bunch of creditors. The Adanis are probably the first power utility to assign their licence in the manner that they have done.
Comment: on Whatsapp.. For the last two months Bombay has been lit like a Christmas tree. First for one meeting of g20, then inauguration of one small segment of the metro by PM, and republic day.. new government etc... Wonder who is footing the bill to whom!!!!
There is more: the investors in the Notes also hold the rights to AEML’s transmission and distribution licences, issued by the Maharashtra Electricity Regulatory Commission (MERC)
Former Civil Servants Write to PM Modi About ‘Climate of Fear Among Christians’ https://thewire.in/rights/constitutional-conduct-group-modi-christians
Noting the "increasing incidents of outright discrimination against Christians", the Constitutional Conduct Group said the Union government is doing little to protect religious minorities.
The open letter was signed by 93 former civil servants under the Constitutional Conduct Group, saying that though the principal allegation against the Christian community is of forcible conversion, its share in the position has remained more or less around 2.3% since the 1951 census. “It is an unfortunate but inescapable fact that there are elements amongst us who may feel that the denigration of others enhances themselves”.
IIT Bombay suicide: Rights group says Solanki had told his sister about discrimination he faced at the institutehttps://www.mid-day.com/mumbai/mumbai-news/article/iit-bombay-suicide-rights-group-says-solanki-had-told-his-sister-about-discrimination-he-faced-at-the-institute-23273509 PUCL: Merely holding some individuals responsible for the acts of Caste discrimination and providing solutions within criminal justice system.. will only result in shifting the responsibility from society, Institutes and Governments to few individuals... but provides no way forward to strike at the roots of Caste discrimination.
The statement said that what is required is to provide the students from marginalized communities academic institutes which are determined to counter caste hierarchy by institutionalizing measures and mechanisms to create an atmosphere which is inclusive.
The rights group emphasized that in case of Darshan Solanki’s death the Special Investigation Team must be completely transparent in their functioning and provide all available information and statements of any persons concerning this enquiry with his parents.
For full statement https://drive.google.com/drive/folders/1EiGhAFu8Xpt0LApwfw90RiDyFdn-c_88
The statement calls for Enactment of a new legislation to respond to caste‐based discrimination in HEls at all India
level.
The primary focus and basis of such a legislation as to be:
• Explicit recognition of caste-based discrimination in educational institutions
• Places onus of providing a safe and secure environment on the management of the educational institutions
• Lay out a dedicated mechanism for redressal of complaints for every educational institution to abide by.
• Along with emphasising redressing acts of caste-based discrimination there must be an equal stress on creating awareness around caste discrimination and setting up of mechanisms to enable prevention.
• Processes under this legislation must involve all sections of people from the institution to implement this legislation, thus making this a shared responsibility of everyone.
• Persons from marginalised communities representing all sections of students and staff of the institution must form the majority of members on all committees made for the implementation of this act.
• These committees must also have participation of representatives of civil society members who have been active in anti-caste struggles.
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