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Govt provides Rs 66,413 crore to 12 states for power sector reforms

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Government has given financial incentives to states to accelerate power sector reforms, under which  12 states have received Rs 66,413 crore during the past two fiscals, while for the current fiscal, Rs 1,43,332 crore have been given to them for the purpose.

The finance ministry has been providing financial incentives in the form of additional borrowing permissions.

This move aims to encourage and support the states in undertaking reforms to enhance the efficiency and performance of the power sector.

The initiative was announced by finance minister Nirmala Sitharaman in her budget speech for 2021-22. 

Under this, an additional borrowing space of up to 0.5 per cent of the gross state domestic product (GSDP) is available to states annually for a four-year period from 2021-22 to 2024-25. 

This additional financial window is dependent on implementation of specific reforms in the power sector by the states.

The initiative has spurred state governments to initiate the reform process, and several states have come forward and submitted details of the reforms undertaken and achievements of various parameters to the power ministry.

Based on the recommendations of the power ministry, the finance ministry granted permission for reforms undertaken in 2021-22 and 2022-23 to 12 state governments. 

These are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Odisha, Rajasthan, Sikkim, Uttar Pradesh and West Bengal.

In 2023-24, states can continue to avail themselves of the facility of additional borrowing linked to power sector reforms. 

An amount of Rs 1,43,332 crore will be available as an incentive to states for undertaking these reforms in 2023-24, official sources said.

The primary objectives of granting financial incentives for undertaking power sector reforms are to improve operational and economic efficiency within the sector and promote a sustained increase in paid electricity consumption.

Crime

Thane Residents Zakir Irani And Sonu Jadhav Get Five-Year Jail Term, ₹15.3 Lakh Fine For Chain Snatching

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Mumbai: The special MCOCA court on Thursday sentenced two Thane residents to five years’ imprisonment for chain snatching and operating a crime syndicate in a November 2020 incident. The MCOCA court imposed a fine of Rs15.3 lakh on each of the accused.

The court found Zakir Irani, 39, guilty of chain snatching and heading a crime syndicate involved in such crimes, along with Sonu Ananta Jadhav, alias Raj, 28.

According to the prosecution, the complainant was on a morning walk toward Goal Garden, Malad (East), on November 9, 2020, at around 6am. At around 6.10am, a blue-coloured motor scooter approached from behind, and the pillion rider attempted to snatch a gold chain from his neck. The complainant resisted, but the pillion rider inflicted a blow with a helmet on his head, causing him to lose his balance. The rider then snatched the chain.

The complainant claimed that two passersby helped him get up, but the assailants threatened to kill him by running him over. The complainant chased them and tried to note the bike’s license plate number, but two digits were missing. He later lodged a complaint with Dindoshi police station. The police acted quickly and, based on a confidential tip, arrested Irani on the same day. A month later, Jadhav was also arrested.

Public prosecutor Jaysingh Desai contended that Irani had four prior cases and was out on bail when he attacked the complainant in this case. It was also noted that Jadhav was a co-accused in some of these cases. Desai argued that Irani headed the syndicate.

The prosecution stated, “It clearly reflects that in each and every case, Zakir is the ma in accused and there are certain other associates like Gulam Hussain with Zakir in three cases…. In all cases, the modus operandi is the same: the accused target the victim’s neck to snatch a gold chain or mangalsutra.”

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Crime

Mumbai Crime: 32-Year-Old BMC Employee Found Dead Inside SRA Building At HDIL Compound In Kurla; Police Launch Probe

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Mumbai: A 32-year-old employee of the Brihanmumbai Municipal Corporation (BMC) was found dead in Building No. 9 of the Slum Rehabilitation Authority (SRA) project at HDIL Compound, Kurla (West), on Thursday afternoon, police officials said. The incident was reported around 4:30 PM by the V B Nagar Police Station.

According to the police, the deceased has been identified as Rajesh Parmar, a resident of the Ghatkopar area, who worked in the BMC Solid Waste Management (SWM) department, F North Ward.

The body has been sent to the Rajawadi Hospital for postmortem examination. The exact cause of death remains unknown and further investigation is currently underway.

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National News

Mumbai Civic: BMC Secures CRZ Clearance For Poisar River Bridge Reconstruction In Gorai Amid Local Opposition

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Mumbai: The BMC has received Coastal Regulation Zone (CRZ) clearance for the reconstruction of a bridge over the Poisar River inlet in Gorai, located in the western suburbs. However, the proposed demolition of the existing 100-meter-long bridge has faced opposition from local residents, as it serves as the only direct access route between the Lower and Upper Koliwada areas.

The three-decade-old bridge, located within the CRZ buffer zone, has been deemed structurally unsafe following a recent audit. Civic authorities have announced its reconstruction at a cost of Rs 4 crore over the next two years.

The new bridge will be sturdier, featuring railings and light poles. However, local fisherfolk and residents have opposed the demolition, arguing that “High tide may isolate Koliwada, leading to a 700-meter beach road detour.”

Residents have voiced concern over the lack of clear information from civic authorities regarding temporary transport plans during the bridge demolition. With no contingency plan in place for high tide, when the coastal road may be submerged, locals are urging officials to consult with the fisherman community and establish a swift, reliable alternative route. They warn that without it, emergency services like ambulances and fire engines could face critical access challenges.

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