The announcement by the appellate authority to allow state electricity regulators to fix their own tariff rates will help increase the revenue inflow of state distribution companies, says HD Khunteta, Director Finance, Rural Electrification Corporation (REC).
A lifetime low on the rupee, the spillover effect of the eurozone crisis and poor internal fundamentals ensured that the week was packed with volatility. Even a big policy move like allowing foreign direct investment in retail also could not boost market sentiment.
The appellate tribunal of electricity has directed state electricity regulators to ensure that tariff determination of expenses are carried out every year, reports CNBC-TV18's Priyanka Dalmia.