The state-run power major NTPC said it entered into a preliminary agreement with Bhutan to set up the Amochhu Reservoir hydel project. The agreement for preparing a detailed project report was signed in the presence of PM Manmohan Singh and Bhutanese King Jigme Khesar Namgyel Wangchuck last week, an NTPC said. The agreement was signed by the NTPC chairman and managing director RS Sharma and Bhutanese Ambassador to India Major General Vetsop Namgyel, it added.
IIM-A study suggests deregulation of oil sector
An Indian Institute of Management (IIM), Ahmedabad, study on the oil sector has suggested radical reforms, including complete deregulation, where private and public sector firms are free to price fuel as they deem fit. Reform of the oil sector is long overdue. The problems in the sector emanate from the structure of central taxes and the system of subsidisation through prices, the study said.
14 sick PSUs return back to health
Of the 36 sick PSUs which received approval for fund injection by the government, 14 have been nursed back to health in the last two years. Change in management strategy, government support and reduction in staff strength through voluntary retirement schemes, helped the PSUs recover to health, The Board for Reconstruction of Public Sector Enterprises chairman Nitish Sengupta said.