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  1. 1.      Parekh panel recommends hikes in electricity, gas prices to encourage investments[1]

A high-level committee chaired by HDFC chairman Deepak Parekh has recommended measures to encourage investments in the infrastructure sector, including hikes in electricity, gas prices and rail fares besides deregulation of port tariffs. The panel focused on award of projects under a Public Private Partnership (“PPP”) model in all infrastructure sectors, stating that private sector investment in the infrastructure sector would rise to 47% in the 12th Plan from 37.5% in the previous plan. Significantly, the panel said gas-based power projects should be used only for peak hours. On power, the panel wanted reforms in electricity distribution, allowing import of coal through STC, MMTC or directly through power producers. It wanted the adoption of PPP in coal mining, setting up of new CPSUs for engaging in PPPs, gas supply, importing gas to increase generation. More…

[1] “Parekh Panel pushes for hike in power, gas prices, wants 100% FDI in telecom”(Financial Express, 04 Oct 2012) accessed on 05 October 2012

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