newsx.com – New Delhi: Kohinoor was not gifted to the British but they took it away by force from India, says historian and author William Dalrymple, who has written a new book with journalist Anita Anand on t…
yahoo.com – Istanbul (AFP) – A defiant President Recep Tayyip Erdogan on Sunday vowed to fight terror “to the end” as Turkey mourned 38 people killed in twin bombings that authorities said were likely the work…
enkaysagar.wordpress.com – Cyclonic storm, Vardah over west central and adjoining south Bay of Bengal moved further westwards and lay centred at about 520 km east-southeast of Nellore, 490 km east-southeast of Machilipatnam …
bbc.co.uk – A twin bomb attack on police officers outside a football stadium in Turkey’s largest city, Istanbul, has killed 38 people and injured many more. A car bomb hit a police vehicle and a suicide bomber…
news.xinhuanet.com – DAMASCUS, Dec. 11 (Xinhua) — The Syrian government forces have taken 93 percent of the rebel-held areas in the northern city of Aleppo, bringing prospect for settlement of the lingering Syrian iss…
enkaysagar.wordpress.com – UNICEF commemorates 70 years of tireless work for the world’s most vulnerable children The world’s largest children’s organization was established on 11 December 1946 to bring help and hope to chil…
McLeod Russel Tour Championship – Race to Royal Calcutta Golf Club 2016 to witness galaxy of stars
PGTI’s Year Ending Championship
Prize purse of Rs. 1.5 Cr
Only top 50 players on the Rolex Ranking to be eligible
Sponsor invites include Indian stars Jeev Milkha Singh, Arjun Atwal, former champion SSP Chawrasia, Gaganjeet Bhullar, Shiv Kapur, Jyoti Randhawa, Rahil Gangjee, and foreign players Pariya Junhasavasdikul, Mithun Perera, Shintaro Kobayashi, Suradit Yongcharoenchai
Kolkata, December 12, 2016: McLeod Russel, the world’s largest tea producer, and the Professional Golf Tour of India (PGTI), today announced the McLeod Russel Tour Championship 2016, the PGTI’s year-ending Championship. The tournament will be staged at the prestigious Royal Calcutta Golf Club (RCGC) from December 22 – 25, 2016. The tournament carries a handsome prize purse of Rs. 1.5 crore, the highest for a domestic event in India.
The event will see the top 50 players from the Rolex Ranking 2016 compete for the biggest prize purse of the season. Besides the top names on the Rolex Ranking, the field will also feature sponsor invites which will include a galaxy of top Indian stars such as Jeev Milkha Singh, Arjun Atwal, former champion SSP Chawrasia, Gaganjeet Bhullar, Shiv Kapur, Jyoti Randhawa and Rahil Gangjee along with foreign players such as two-time Asian Tour winner Pariya Junhasavasdikul (Thailand), Mithun Perera (Sri Lanka), a multiple winner on the PGTI, Shintaro Kobayashi (Japan), Suradit Yongcharoenchai (Thailand), Choo Tze-Huang (Singapore), Choo Zhe Ming (Malaysia), Kemarol Baharin (Malaysia) and Naru Toshi Yamaoka (Japan).
The tournament will be a 72-hole stroke-play championship and there will be no cut applied after 36 holes. All players will be guaranteed prize money. The Pro-Am event preceding the tournament will be played on December 20th and 21st.
Speaking on the occasion, Mr. Aditya Khaitan, Managing Director, McLeod Russel,said, “We are very happy to be hosting the 5thedition of the McLeod Russel Tour Championship. The response from the Top Golfers and also everyone who came out and supported this event has been excellent. This year we have a top 50 field from the PGTI order of merit, and we have international flavor as well. This will be a great opportunity for people to come and watch and learn from the Top Professionals in India and Asia. This is our small way of giving golf a boost in this region and we hope that it will eventually lead to the growth of the game. We take this opportunity to thank the PGTI and the Royal Calcutta Golf Club for the opportunity to host the Championship this year. We are committed to the McLeod Russel Tour Championship and in the development of golf.”
Announcing the event, Mr. Uttam Singh Mundy, Director, PGTI, said, “The McLeod Russel Tour Championship 2016 will make for an enthralling week of golf as the race for the Rolex Player of the Year title is too close to call with many contenders in the fray. The added presence of some of the biggest international stars of Indian golf as well as some renowned foreign players will spice up the contest even more. The hallowed turf of the prestigious Royal Calcutta Golf Club (RCGC) provides the ideal setting for this grand occasion. We thank McLeod Russel for their enduring support to Indian professional golf and look forward to continuing our partnership with them in the years to come.”
Mr. Gaurav Ghosh, General Committee Member, Royal Calcutta Golf Club, said, “It’s a pleasure for the RCGC to host the McLeod Russel Tour Championship yet again. It gives an opportunity to all top professionals to play at the iconic golf course at its best.”
India’s largest rooftop solar tender to see record low tariffs
Solar Energy Corporation of India (SECI) has issued a tender for development of 1,000 MW rooftop solar capacity on pre-identified central government/ department owned buildings (refer). It is the largest such tender in India’s fledgling rooftop solar market (refer). 700 MW of capacity is proposed to be allocated under the OPEX route, where project developers shall fund and own the solar systems and sell power to the respective government departments under a 25-year power purchase agreement. Balance 300 MW is proposed to be set up under the CAPEX route. Bidding shall be conducted on a state-by-state basis and all bidders will be expected to match the lowest bid (L1) for the respective states.
Government customer segment is likely to play a crucial role in scaling up of the rooftop solar market in India as various central government departments and agencies have made commitments to install aggregate rooftop solar capacity of 6 GW for internal consumption;
A majority of systems under this tender are likely to be installed on educational and training institutes;
With capital subsidies of up to 35-90% available as part of this tender, we expect project costs and tariffs to reach record lows;
Various departments and ministries under central government have collectively committed to deploying 5,938 MW of rooftop solar capacity for their internal power consumption (refer). SECI is aggregating demand for a part of this requirement and helping in procuring rooftop solar systems. It has already identified suitable rooftops with the potential to install at least 1,000 MW solar capacity. Buildings under the Ministry of Human Resources and Development account for over 70% of the identified capacity. This means that most of the systems are likely to be installed on educational and training institutes. Gujarat accounts for 267 MW of identified capacity, followed by Uttar Pradesh (62 MW), Maharashtra (50 MW), Delhi (46 MW) and Telangana (44 MW).
Bidders are expected to sign PPAs or EPC contracts within 6 months and complete construction within 15 months after the award date. SECI shall provide a capital subsidy of 35-90% of total capital cost ranging from INR 18,750 (USD 277)/kWp for general category states and INR 45,000 (USD 665)/kWp for special category states (refer). In a departure from previous such tenders, the subsidy amount shall be substantially reduced in the event of delays in construction time-table.
BRIDGE TO INDIA expects a very enthusiastic response to the tender both from rooftop solar specialists and utility solar players. In the last 500 MW rooftop solar tender by SECI, tariffs dropped to an all-time low of INR 3 (US¢ 4.4)/kWh for special category states on the back of a significant capital subsidy. We expect tariffs under this tender to fall even lower for special category states as buildings have already been identified and government off-take is more bankable than private sector offtake.
This tender provides a great opportunity for scaling up of Indian rooftop solar market, which has a total installed capacity of only 1,020 MW as of September 2016, or about 10% of total installed solar capacity in the country. Read our blog from last month to understand how we expect the government customer segment to become a key demand driver for rooftop solar market in India (refer).
India’s solar water pump market struggling to take off
In 2014, India’s Modi government announced a target to install 1 million solar water pumps, equivalent to approximately 3,000 MW, for irrigationn and drinking water by 2021. But actual cumulative installed base stood at merely 25,000 pumps as of April 2016. The bleak performance is despite the government offering massive subsidies of as much as 75-95% of upfront capital cost of the pumps. Read More
Solar developers stay away from Tamil Nadu
Last month, Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) floated a tender for 500 MW of utility scale solar projects. This tender has received limited interest and that too predominantly from smaller developers who have submitted 20 bids totalling just 116 MW. This tender follows an allocation of approx. 1,200 MW in early 2015 where a fixed tariff of INR 7.01/kWh was offered to developers. Read More
Net-metering battles in the US hold crucial lessons for India
Rapid growth in the US rooftop solar market and the number of net-metering connections has opened a battle-front between utilities on one hand and solar developers and consumers on the other hand. Utilities are arguing against the rationale of giving customers full retail credit for their excess energy and vigorously challenging the current net-metering framework in any states. Read More
BRIDGE TO INDIA is hiring
Our business is growing and we have multiple openings across levels in our consulting and research teams at our Gurgaon (Delhi NCR) office. If you are interested in joining our team, please click the below link for more details.
India Solar Excellence | DC cable design and performance issues
India Solar Excellence is a series of reports focusing on techno-commercial issues for specific BOS components used in solar projects. This report focuses on key pricing and performance challenges for DC cables.
India Solar Rooftop Map is the country’s most comprehensive publication on the rooftop solar segment, with a reach of over 25,000 domestic and international stakeholders. It contains vital market information and identifies key trends and themes in India’s burgeoning solar rooftop segment. India Solar Rooftop Map is released at Intersolar Mumbai in November every year.
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Black money is the talking point in the country today.
The Modi Government at the center is claiming to have conducted the biggest attack on black money. Opposition parties too are clamoring to portray themselves as the principal adversaries of corruption and Black Money. But the truth remains beyond these pretentions.
The Prime Minister called Demonetization necessary and that it shall curb black money. We gladly accepted. He said all would need to tolerate discomforts for few days. We said its ok. We endured all kind of difficulties. Opposition parties resisted, we said lets not oppose for the sake of opposing. Everybody witnessed that the government didn’t do its homework before taking such a major step. But we were still of the opinion that some glitches are warranted in conducting such massive exercises. We accepted, tolerated and trusted everything so that the ill of Black Money in the country may be eradicated for ever.
But now questions are beginning to arise in our minds. Will Demonetization indeed affect black money? Is the government’s resolve to take steps on black money strong enough? Could this Demonetization narrative be a red-herring for diverting our attention from the bigger questions pertaining black money? If the Prime minister would listen to our ‘mann ki baat’, we may be able to examine his commitment to end black money. We would ask:
1. Why can’t political parties be asked the account of their thousands of crores in cash donations?
2. Why can’t parties like BJP, Congress accepting foreign funds be punished?
3. Why can’t the business of converting black money into white through offshore shell companies be stopped?
4. Why can’t people affecting lakhs of crores of bank NPAs like Adani-Ambani and Mallya be locked up?
5. Why can’t the conspiracy to sabotage the ‘Prevention of Corruption Act’ be stopped?
6. Why couldn’t Lokpal be appointed since over last 2.5 years?
People have a lot such questions in mind. They shall converge at Jantar Mantar on 18th December to raise those questions. The same people of this country who gathered 5 years ago at Ramleela Maidan to ignite a fight against corruption. The people of this country who blew the air out of big parties and politicians. The Public, which knows it all.
The nation today seeks a truthful fight against black money and corruption, not a fixed match between the government and the opposition.
Municipal Council Elections in Pune and Latur districts, Maharashtra 2016
Association for Democratic Reforms (ADR) and Maharashtra Election Watch have analysed the self- sworn affidavits of 1184candidates,who are contesting for the second phase of 14 Municipal Councils in Pune and Latur districts, 2016, scheduled to be held on 14th December, 2016. Local bodies’ elections are being held for 324 seats in above 2 districts, details of which are as follows –
Summary and Highlights
Total Contesting Candidates
Crorepati Candidates: Out of the 1184 candidates analyzed, 96(8%) are crorepatis.
Average Assets: The average assets per candidate analyzed for this election, isRs. 39 Lakhs +, for above 2 districts.
High Assets:The candidate with highest declared total assets is Raju Tukaram Bhosale who is contesting from Shirur municipal council(Pune),with assets worth Rs. 16 crores+. The top ten candidates with highest declared assets are: –
Zero Assets: There are 51 candidates who declared zero assets in above 2 districts.
Low Assets: There are 294 (excluding those declaring zero assets) candidates who declared low assets below Rs. 2 lakhs, in above 2 districts.
Candidates with high Liabilities: The candidate with highest declared total liabilities is Laxman Maruti Parthe who is contesting from Saswadmunicipal council(Pune), having liabilities of Rs. 4 crores. Thetop ten candidates with highest declared liabilities are given below :-
Table 4: Candidates with high income as declared in ITR*
Other Background Details
Age Details of Candidates: 63 candidates have declared their ages to be between21 to 24 years, 213 candidates have declared their ages to be between25 to 30 years, 390 candidates have declared their ages to be between 31 to 40 years, 298candidates have declared their ages to be between 41 to 50 years, 157 candidates have declared their ages to be between 51 to 60 years, 55 candidates have declared their ages to be between 61 to 70 years while8 candidates had declared their age to be between 71 to 80 years.
Gender Details of Candidates: Out of total 1184 analyzed candidates, 595 (50%)are men whereas 589 (50%) are women.
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