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Electricity regulation commissions shape inter state and intra state tariff, licensing, standards and dispute resolution frameworks.
Electricity regulation in India creates a dual statutory framework: the Central Electricity Regulatory Commission, appointed on Selection Committee recommendations, regulates inter-state transmission, multi-state generation tariffs, issues inter-state licences, specifies grid and service standards, adjudicates related disputes and advises on national electricity and tariff policy; State Electricity Regulatory Commissions, constituted by State Governments and appointed on Selection Committee recommendations, determine intra-state tariffs, grant intra-state licences, regulate procurement by distribution utilities, adjudicate relevant disputes, enforce service quality standards and may be assigned additional functions by states. (AI Summary)
Date 18 Dec 2014
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Integrated energy policy promotes competitive markets and transparent, targeted subsidies to boost energy security and efficiency.
Integrated Energy Policy establishes a framework for reliable, least-cost energy services by promoting market-determined pricing and allocation, internalising environmental externalities in relative fuel pricing, reducing undifferentiated subsidies through transparent and targeted support, and pursuing domestic and international resource development. It mandates competitive markets with independent regulation, tax neutrality except to address externalities, autonomy and accountability for public energy enterprises, and promotion of energy-efficiency technologies, demand-side management and conservation to secure energy supply and cost-effective distribution. (AI Summary)
Date 17 Dec 2014
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Corporate Social Responsibility obligation compels board-level policy, budgeting and disclosure to align business strategy with social and environmental goals.
The article explains that Corporate Social Responsibility (CSR) should be board-approved, align business and social goals, and involve stakeholder engagement, ethical functioning, workers' rights protection and environmental stewardship. It summarises Indian voluntary CSR guidelines and DPE mandates for CPSEs requiring Board oversight, policy approval, budgetary allocation tied to profitability, priority for communities near operations, reporting and carrying forward unspent funds. It notes Section 135 of the Companies Act, 2013 requires a board-level CSR Committee to formulate policy, recommend expenditure and monitor implementation in line with Schedule VII activities. (AI Summary)
Date 17 Apr 2014
priyanka bhutani
Organization
Organization

tax management india

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Connected

July 2013