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Govt defers Pepsico's $200 mn investment proposal
The government has deferred a decision on Pepsico India Holding"s proposal to invest $200 million (about Rs 930 crore) in the next three years.

Airtel's marathon brand building
The telecom major is leveraging the annual half-marathon to strengthen brand salience in its largest market

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'We've handled crisis much better than anyone else in the world'
Rakesh Mohan, who was appointed Deputy Governor of the Reserve Bank of India in September 2002, moved to North Block two years later as secretary, department of economic affairs, during P Chidambaram’s tenure as Finance Minister, only to return to RBI after eight months. Mohan, who is taking retirement from the central bank seven months before his tenure is due to end, will take up a professorial appointment at Stanford University from June 15. In this interview, he spoke on a range of issues about the challenges he faced during his stint at the central bank and the journey from handling the real economy sectors to monetary economics. Edited excerpts:
Online Business

Acid content in dam water affects Neepco unit

The ‘unscientific’ coal mining in Jantia Hills of Meghalaya is severely affecting power generation at North Eastern Electric Power Corporation’s (Neepco) Kopoli hydro project in Assam due to rise in acid content of water in the reservoir. The high acidic nature of reservoir water has led to unprecedented rise in wear-and-tear and breakdown of machines and parts of the power plant. - Indowind Energy uses Rs 36 cr loan - TN seeks Rs 461 cr to put rly projects on fast track - Rolls-Royce scouts for second partner - Vizag port to invite fresh bids for two berths - APIIC Formulation SEZ goes on stream - Gujarat reserves lignite, manganese areas Neepco is presently consulting experts and scientists to find how to minimise the risk to its plant. Experts have attributed the peculiar phenomenon to indiscriminate and unscientific coal mining in Jantia Hills of Meghalaya. “This is a national problem. We have to analyse the root cause and ways to contain the problem,” chairman and managing director of Neepco, IP Barooah, told at a seminar in Shillong recently. The rise in acid content in the water in the reservoirs of the dam was first found in 2006 and since then the acidity has been rising. A study by Geological Survey of India found that geological formations, human activity, effect of pollution were some of the possible causes of the acidity, Neepco CMD was quoted as saying by sources. He said that power generation at the plant has been severely affected due to unprecedented rise in wear and tear and breakdown of machines and hydraulic structures caused by acidic waters in the reservoirs. The 275 MW project was the first to be executed by NEEPCO, and was commissioned in 1984. It is located at Umrangsu in North Cachar Hills district of Assam. The acidity of the reservoir water, sources said, has seriously affected the performance of the plant with severe corrosion and erosion of underwater parts, like guide vanes, pivot ring, top cover and some other parts except those made of stainless steel.


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