India’s power firms will struggle to ease their debts

Subject Problem of endemic debt in India's power sector. Significance The government plans to impose a new statutory instrument to staunch fast-growing financial losses in the power sector. The Atal Distribution System Improvement Yojana (ADITYA) would force electricity distribution companies (DISCOMS) to raise their revenue collection to economic levels. Impacts As DISCOMS struggle to fund a 24-hour electricity supply, most consumers will continue to experience regular power cuts. Tightening regulation from the central bank on bad loans will expose the extent of power sector indebtedness. The central government will step up investment in electricity transmission and distribution infrastructure.

Subject Renewable and coal energy in China. Significance Late last month, China upgraded its target for renewable energy and issued a draft plan for green energy certificates. This follows a new three-year anti-pollution plan issued in July. These strategies to clean up the energy sector are being pursued at the same time as the government is introducing competition in the power sector, planning a nationwide carbon trading market starting with the power sector and reinforcing its clean energy policy. Impacts Central government will press hard on local governments across northern China to fight air pollution. Natural gas imports will rises, especially once new LNG gasification and import pipeline capacity comes onstream over the coming year. A new 'green certificate' scheme should boost the share of renewable energy in China’s electricity supply. The continued growth of coal-fired generating capacity may blunt the influence of the green certificate scheme.


Significance The new rules follow a stand-off between Twitter and the central government last month over some posts and accounts. The government has used this stand-off as an opportunity not only to tighten rules governing social media, including Twitter, WhatsApp, Facebook and LinkedIn, but also those for other digital service providers including news publishers and entertainment streaming companies. Impacts Government moves against dominant social media platforms will boost the appeal of smaller platforms with light or no content moderation. Hate speech and harmful disinformation are especially hard to control and curb on smaller platforms. The new rules will have a chilling effect on online public discourse, increasing self-censorship (at the very least). Government action against online news media would undercut fundamental democratic freedoms and the right to dissent. Since US-based companies dominate key segments of the Indian digital market, India’s restrictive rules could mar India-US ties.


2015 ◽  
Vol 4 (3) ◽  
pp. 312-329 ◽  
Author(s):  
Chiew Ping Yew

Purpose – With a focus on Hong Kong tourism policy, the purpose of this paper is to explain the Hong Kong government’s conundrum in addressing society’s concerns and controversies over the massive influx of mainland tourists in recent years. Design/methodology/approach – This paper adopts the approach of historical institutionalism, in which the notion of structural-power takes centre stage. It outlines some notable trends in Hong Kong’s tourist arrivals and highlights some of the controversies that have arisen before delving into how existing institutional arrangements and key actors have shaped Hong Kong’s tourism policy amid the city’s shifting social, political and economic contexts. Findings – The prevalence of business interests and the ideology of economism largely explain the Hong Kong government’s stasis in tackling the problems stemming from the large inflow of mainland visitors. Institutional arrangements in the post-handover period have further empowered the business class, giving it an edge over the unelected executive that lacks a popular mandate. Therefore, even if the central government has signaled its willingness to adjust the Individual Visit Scheme (IVS) policy, the Hong Kong government is unlikely to propose significant cuts to the inflow of IVS arrivals. Without further political reforms to boost the executive’s legitimacy and accountability to the Hong Kong people, it is doubtful that the government may emerge from its predicament in the near future. Originality/value – Through the lens of tourism policy and planning pertaining to inbound mainland visitors, this paper aims to assess the current state of governance in Hong Kong. It not only offers a timely look into Hong Kong’s political system 17 years after handover but also explores the extent to which apparent dysfunctions in the city’s governance today are a consequence of institutional incongruities in its political system.


2020 ◽  
Vol 10 (2) ◽  
pp. 482
Author(s):  
Melly Anggraeni ◽  
Hardi Warsono ◽  
Ida Hayu Dwimawanti

In the context of poverty reduction, the Government mandates the distribution of Non-Cash Food Assistance. Non-Cash Food Aid, hereinafter abbreviated as BPNT, is a policy of the Central Government in the form of food social assistance in the form of non-cash given to Beneficiary Families (KPM) every month through electronic accounts and is only used to buy food in E-warong in collaboration with banks. In BPNT distribution management in Rembang Regency, the planning aspect begins with the data collection and validation of population data, with the aim of channeling BPNT on target. Organizing is done in coordination between the Ministry of Social Affairs, Social Services, Women's Empowerment and Family Planning District. Rembang, BNI, and e-warong agents in each district. The implementation was carried out in stages, by distributing non-cash assistance of Rp 110,000.00 per family. Supervision is carried out in coordination with BNI, because the distribution system uses electronic money. The obstacle faced is that there are still residents who are eligible for assistance, but have not been distributed by BPNT. So in the future there needs to be up to date data validation. In the future, the distribution will be more on target.


2019 ◽  
Vol 9 (3) ◽  
pp. 335-365 ◽  
Author(s):  
Latifa Hamisi Mbelwa ◽  
Pawan Adhikari ◽  
Khandakar Shahadat

Purpose The purpose of this paper is to investigate the factors that have resulted in the effective implementation of accrual accounting reforms in the Central Government of Tanzania. Design/methodology/approach The paper relies on the ideas of institutional theory and some aspects of decision-usefulness so as to delineate the external pressures enforcing the Government of Tanzania to embrace accrual accounting and the factors complicating its implementation at organisational level (within government entities). The authors draw on quantitative techniques and the explanatory and cross-sectional survey research strategies and methods for data analysis. Findings Our findings suggest that the coercive pressures from donors and auditors along with the normative pressures surfaced by the training of employees generate a significant impact on designing the effective administrative model of accrual accounting. In a lesser extent, pressures from the National Board of Accountants and Auditors and cultural factors are positively correlated to the implementation of accrual accounting in the Tanzanian context. Of the factors the authors examined, the management changes are proved to be least effective. Unawareness of the key stakeholders has caused weak political and regulatory commitments. Accrual accounting implementation is further exacerbated by inadequate technical and personnel competence. Ultimately, the implementation of the accrual accounting has increased significant managerial accountability though a major segment of such behaviour is unexplained by the factors the authors employed in the study. Practical implications The effective implementation of accrual accounting relies on improvements in cultural and human-related issues. What is important to understand is that accrual accounting is more of a management reform incorporating changes in broader aspects of institutional and accountability mechanisms, rather than just an adoption of particular accounting technologies. Without such broader changes, accrual accounting reforms can be detrimental providing the technocrats and government officials with a space for manipulating financial information, Tanzania serving as an example. Originality/value The study highlights the case of an emerging economy in which accrual accounting is actually in effect and has impacted on managerial accountability, but is struggling to engender intended results and outcomes at organisational level.


Subject Implications of the proposal to abolish the Senate. Significance President Mohamed Ould Abdelaziz proposed abolishing the Senate in early May. The government lacks the two-thirds majority to implement a ministerial plan to scrap presidential term limits that would allow Abdelaziz to run for a third elected term in 2019. Although Abdelaziz promises to balance abolishing the Senate with creating new regional councils, his proposals sparked street protests. They also threaten to derail government efforts to initiate a broad dialogue with opposition groups that have hitherto boycotted constitutional politics. Impacts Abolishing the Senate would weaken democratic culture. It would also antagonise black citizens because it would entrench a regime that many feel is not interested in tackling discrimination. Western partners might reduce certain types of aid, particularly budget support for central government. Abdelaziz would try to offset any Western aid cuts by seeking more support from Gulf monarchies.


Significance The bombing represents the latest setback to Saudi Arabia and the United Arab Emirates (UAE)'s efforts to stabilise southern Yemen and reinstall the government of President Abd Rabbu Mansour Hadi. ISG is just one of a number of sub-state actors that have been empowered by the conflict and that will seek to challenge central government authority. Impacts Insecurity in Aden will deal a blow to the legitimacy of the Saudi-backed Hadi government. A major setback in the south will reflect badly on the reputation of Saudi Defence Minister Deputy Crown Prince Mohammed bin Salman. Reconstruction efforts in southern Yemen will place increased long-term strain on the Saudi budget in particular. Southern Yemen could emerge as a key battleground in the rivalry between al-Qaida and ISG for leadership of the global jihad.


Subject Energy policy in China. Significance China has resumed the construction of large numbers of coal-fired power plants, despite a massive excess of generating capacity. At the same time, investment in non-fossil fuel capacity is also still underway and the government continues to deploy low-carbon policies. Impacts Coal consumption and carbon emissions will rise further, raising doubts over the achievability of peak emissions by 2030. Despite a modest economic stimulus, large excess generating capacity will persist, as will financial losses for generating companies. The economic stimulus will boost coal use in heavy industry as well as air pollution and carbon emissions in the short-term. The financial losses of the coal-fired generators will grow; bankruptcies will be avoided through enforced consolidation and plant closures.


Subject Role of philanthropy in India. Significance India has seen a surge in philanthropic activity in response to COVID-19. Late last month, Prime Minister Narendra Modi launched a special fund to support people requiring medical relief or experiencing hardship because of the nationwide lockdown imposed by the government to prevent the spread of the disease. Impacts Individuals making large donations to COVID-19 relief efforts will aim to ensure their generosity receives maximum publicity. Companies hit financially by the shuttering of the economy could struggle to discharge corporate social responsibility. The central government faces pressure to offer more economic support to low-income people who have struggled through the COVID-19 lockdown.


Author(s):  
William Kwasi Gboney ◽  
John Cubbin ◽  
Xeni Dassiou

This paper is based on a research study which was carried out, to empirically assess the impact of power sector reforms, comprising privatization, competition and regulatory reforms in 29 African countries, for the period 1988–2005. The list of countries in the research sample is shown in Appendix 1. The main findings for the generation sector is that, in Africa, though energy sector regulation backed by sector law can bring about favorable outcomes, better results are likely to be achieved if the regulatory agency has been in existence for at least 3 years, and it co-exists with either competition ‘for’ the market or private sector participation. On private sector participation, the presence of Independent Power Producers, management contracts and private shareholding in generation assets, can enhance generation sector performance. The results on the transmission system seem to indicate that though the establishment of a regulatory agency can reduce transmission system loss level, this outcome is likely to be achieved if the regulatory agency has been existence for at least 3 years. On distribution system loss, it emerged that the sole existence of a regulatory agency may not be enough to influence a downward trend in distribution system loss level, unless the market, permits the co-existence of competition ‘for’ the market, with a regulatory agency.


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