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ROUNDUP
Post office to help pen- SEBI advices to contact registered advisers, research
analysts
sioners to link Aadhaar
Concerned over investors' getting lured by false trading tips
numbers to a/cs from unregistered investment advisers, SEBI advised the pub-
lic to deal with only registered investment advisors and re-
Post offices across the country will search analysts for availing investment advisory services. "In-
soon be providing vestors are advised to check the registration status of the
assistance to pen- entity/person on the SEBI website before availing the investment advisory ser-
sioners in linking vices/ research services," SEBI said.
their accounts to
Aadhaar numbers. NTPC plans 800MW floating solar panels
Besides, the Centre will be taking NTPC has decided to set up some 800 mw of floating solar
steps to ensure quick grant of generation capacities in water reservoirs at its thermal
Aadhaar numbers to pensioners in power plants. These are solar panels mounted on floating
north eastern areas. This was de- decks which would be installed in water reservoirs at ther-
cided by the Ministry of Personnel, mal power plants, reports.
Public Grievances and Pensions in a
video conference with representa- India has ratified WTO TFA: Govt.
tives of pensioners' association on
various matters concerning them. The government has said it has ratified the trade facilitation agreement (TFA)
of the World Trade Organization (WTO) and the pact aims
Railways need invest- to expedite the movement, release and clearance of goods,
including goods in transit. "India has ratified the trade fa-
ment and new technolo- cilitation agreement of the World Trade Organization and
the instrument of acceptance for trade facilitation agree-
gies: Rail Min ment was handed over to WTO director general by India on
April 22, 2016," minister of state for commerce and industry Nirmala Sitharaman
Railway Minister Suresh Prabhu has said in a written reply to the Rajya Sabha.
said the need of
the hour for the The TFA will become effective once two-thirds of WTO members have completed
public transporter their domestic rectification process, Sitharaman added.
is massive invest-
ment and new Cheap power for industry to push Make in India
technology without which it will not
go any further. "There is a need for The Union power ministry is set to contribute to the Na-
investment in the railways. tional Democratic Alliance government's Make in India,
by working on a model of cheap power at fixed long-term
In China the investment on the rail- rates for industry. This will not end cross-subsidisation for
ways is about Rs.9 to 10 lakh crore agriculture demand. Union Minister of State for Power,
whereas here (in India) Rs.40,000 Coal & Renewable Energy Piyush Goyal told the effort was
crore a year," Prabhu said after in- to have a back-to-back arrangement, where state-owned
augurating the Late Comrade NTPC supplied power at a fixed price.
Umraomal Purohit Memorial Re-
search Centre. The effort was to make power affordable, through reduced costs from higher
plant utilisation. Currently, state governments encourage investment by giving
He said the railways is losing traffic subsidy and tax waivers but Goyal made a case for trying out a new model of
because of the lack of investment. giving low-cost power to attract industry. "Give land and a 10-year power at
"As a result rail traffic was going to fixed rate to industry." There was, however, merit in continuing with subsidy to
other sectors. So we decided for in- farmers.
vestment in the railways and invest-
ment will go up in the coming years"
he added.
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