A World of Thoughts

 Government of India has been pushing the financial inclusion for a long time. With newer and newer policies coming out of their ministries, it becomes all the more imperative that the policies of the government reach the citizens. While India Tax Payer, an association of tax payers, has been an advocacy group to feed the government with the thoughts of the people. Vice versa is also true. That is, India Tax Payer has also been distributing the thoughts of the government to the people! With many a company running under the risk of shutting down and a whole crowd of individuals finding it difficult to counter the vagaries of the virus, it is important that the policies of the government are given a proper shine and presented to the citizens, to maximise both understanding as well as implementation. It is interesting to note that, in line with what has been happening across the world, GoI as well promoted a Center for inclusive learning, the National Centre for Financial Education. This

End of August, Electricity Distribution Companies reach a new height, in performance. Outstanding payment dues to renewable power generators alone reach 10,900 Crores across the country. Only to Renewable generators, not including other types of generators! August also saw Government of India accepting to give TANGEDCO, one of the DisComs, a loan of nearly Rs.30,000 crores to set right its debt laden portfolio. But what worries most of us, the tax payers, is that, will this save the ailing Discom? What is the point in helping a leaky boat. However much you keep trying, it is going to continue leaking! The first effort should be to stop the leak, identify where and why it started leaking and then move on to support it. But, till today, there has not been any effort in plugging the leak anywhere. Instead, we are only ploughing in more and more money. What good is that going to bring to the company or to the people? Rs.30,000 Crores of tax payer money is again going to go down the drain.

TNERC's last order pertaining to Renewable Purchase Obligation stands at 14% of the total RPO requirement as a percentage of the consumed power. The Solar RPO stands at 5% which is a part of the total RPO specified earlier! This is pertaining to the financial year 2017-18. Beyond this date, TNERC proposed a change in the RPO fulfilment by the consumers. A draft of the regulatory order was proposed in November 2019 for the years 2019-20, 2020-21 and 2021-22. Total RPO for 2019-20 was proposed to be set at 16.25% and Solar RPO at 6%. While for the years 2020-21 and 2021-22, the total RPO was set at 18.25% and 21% respectively. The Solar RPO was set at 8% and 10.50% respectively and will form a part of the total RPO fulfilment expected from the consumer. The nature or type of the consumers were not differentiated. It is worth to note what is happening in the other states. Maharashtra Regulatory body had already announced a RPO of 9% from 2020-21 to 2024-25. The regulatory body had ann