What happened to 8 wealthiest people in the world?

In 1923, eight of the wealthiest people in the world met. Their combined wealth, estimated, exceeded the wealth of the government of the United States.These men knew how to make a living and accumulate wealth.

 25 years later.

1. President of the largest steel company, Charles Schwab, died bankrupt.
2. President of the largest gas company, Howard Hubson, went insane.
3. One of the greatest commodity traders, Arthur Cutton, died insolvent.
4. President of the New York Stock Exchange, Richard Whitney, was sent to jail.
5. A member of the President’s Cabinet, Albert Fall, was pardoned from jail.
6. The greatest “bear” on Wall Street, Jessie Livermore, committed suicide.
7. President of the world’s greatest monopoly, Ivar Krueger, committed suicide.
8. President, Bank of International Settlement, Leon Fraser, committed suicide.

They forgot to make a life! Just made Money!

 

 Thanks : Mr Watwani.

DERC to introduce new power tariff system i.e. Time of Day (TOD) metering

In a major reform initiative, Delhi's power regulator DERC has decided to introduce a new system under which tariff will be charged according to electricity consumption in peak and off peak hours. 

The proposed mechanism -- aimed at encouraging consumers to limit their power consumption in peak hours -- will be introduced on a pilot basis, officials in Delhi Regulatory Electricity Commission said. 

The system, known as Time of Day (TOD) metering, is also expected to discourage commercial users from consuming more power during peak hours and result in minimising load shedding in residential areas when the demand goes up substantially. 

"An appropriate system of incentives to promote consumption of power in off peak hours and levying of surcharge to discourage peak hour consumption is expected to reduce power purchase cost," the DERC had said while announcing hike in tariff last month. 

If implemented Delhi will be the first state in the country to have such a metering system, which, experts said, would benefit everybody including the consumers. 

The power distribution companies often have to procure additional power from the market at very high cost to meet the demand at the peak hours from 6:00 PM to 11:00 PM. 

with thanks : Business Standard : LINK : for detailed news.

An Educational Train Journey for Delhi University's NSS & NCC Girl Students

Please see face Book page Gyanodaya DU Educational Trip

Meeting with Committee of Experts on New DMC Act

Today, we had a meeting with Mr K Dharamrajan, Chairman, Committee of Experts on New DMC Act. The meeting was held at Delhi Sachivalay and almost 35 RWA persons were present there, alongwith representatives of URJA & the team mates of the above said committee.

Various Topics ( AS BELOW ) related to RWAs, Bhagidari scheme as well RWC formation were discussed & duly noted by the Chairman. We hope that all the valid suggestions will be incorporated in the new DMC Act.   

With best regards,

B S Vohra,
East Delhi RWAs Joint Front
( A Federation of RWAs )
www.RWABhagidari.blogspot.in
www.RWABhagidari.com

Privatisation of Water Tanks by DJB : CCN News : B S Vohra

WATERLOO

with thanks : Hindustan Times

PSV Photography : few pics for you !

 

Bijli Pani Andolan : Amar Ujala

दरों में वृद्धि का घंटे भर बिजली बंद कर करेंगे विरोध

नई दिल्ली (एसएनबी)। बिजली- पानी के मामले में पूरी दिल्ली में एक घंटे के लिए बिजली बंद कर दिल्ली सरकार का विरोध किया जाएगा। आरडब्ल्यूए की कॉस्टीट्यूशन क्लब में हुई बैठक में यह निर्णय सर्वसम्मति से लिया गया है। भाजपा के राष्ट्रीय महासचिव एवं पूर्व केंद्रीय मंत्री विजय गोयल ने कहा कि कुछ और बिजली उपभोक्ता संघों से बात कर चार अगस्त को एक घंटे बिजली बंद की जाएगी। बैठक का आयोजन लोक अभियान संस्था द्वारा किया गया था। आरडब्ल्यूए पदाधिकारियों को संबोधित करते हुए विजय गोयल ने कहा कि दिल्ली में पब्लिक प्राइवेट पार्टनरशिपना काम रही है। रिलायंस के साथ शुरू की गई दिल्ली एयरपोर्ट मेट्रो बंद कर दी गई। बिजली कंपनियों के साथ जो 50 प्रतिशत की भागीदारी दिल्ली सरकार ने की थी उसे लोग शक की नजर से देख रहे हैं। सभी आरडब्ल्यूए भाजपा द्वारा चार अगस्त को तालकटोरा स्टेडियम में आयोजित सम्मेलन में भाग लेगें। उन्होंने पानी के निजीकरण का विरोध कर कहा कि आने वाली कंपनियां पानी में लूट मचा देंगी। ईस्ट दिल्ली आरडब्ल्यूए फेडरेशन के बीएस बेहरा ने कहा कि जब बिजली वितरण कंपनियों द्वारा आयकर विभाग को दी गई बैलेंस सीट में लाभ है तो हानि दिखाकर क्यों दरें बढ़ाई जा रही हैं। राजीव कांकरिया ने कहा कि यदि कंपनियां गुणवत्तापूर्ण बिजली दें तो इनवर्टर व स्टेबलाइजर लगाने की जरूरत उपभोक्ताओं को क्यों पड़े। उन्होंने एक दिन बिजली उपयोग बंद करने पर जोर देते हुए कहा कि इससे सरकार की नींद खुलेगी। आरडब्ल्यूए तिलकनगर से ओपी तनेजा ने कहा कि जब बिजली का निजीकरण हुआ था तब कहा गया था कि बिजली का इंफ्रास्ट्रक्चर भी बदलेगा, लेकिन ऐसा नहीं हुआ। गीता कालोनी आरडब्ल्यूए अध्यक्ष सूरज प्रकाश, ईस्ट पटेल नगर के यशवंत सिंह चौहान, दिलशाद गार्डन के महेश शर्मा, शक्तिनगर के सौरभ गांधी, केके घई, एके उपाध्याय, आरडब्ल्यूए के पदाधिकारी मौजूद थे।  आरडब्ल्यूए की बैठक में लिया गया एक राय से फैसला बिजली कंपनियों के साथ सरकार की भागीदारी को शक की निगाह से देख रहे हैं लोग : गोयल with thanks : Rashtriy sahara : link

Tata Power asks govt to infuse cash

NEW DELHI: The recent power tariff revision has raised the price of electricity for Delhiites but discoms continue to complain about the quantum of hike allowed by Delhi Electricity Regulatory Commission (DERC).

In a letter to the Delhi government last week, Tata Power Delhi said the surcharge of 8% to recover dues was insufficient. It has asked the government to act quickly on its request for capital infusion of Rs 250 crore, claiming the liquidity crisis would continue for a few months despite the tariff hike and surcharge. The amount will be matched by parent company Tata Power. "We wish to clarify that the recent tariff revision announced by DERC would certainly make the tariff cost reflective. However, the 8% surcharge allowed by DERC would be barely sufficient to cover the past revenue gap of approximately Rs 4,265 crore as on end-June, 2012. Thus, the liquidation of revenue gap would take a longer period and till that period, we would be required to borrow to repay the principal and accrued interest,'' reads the letter, written by chief financial officer Ajay Kapoor to the government's power department.

The power regulator last month announced new electricity tariff across domestic, commercial and industrial categories.

While the overall increase in tariffs is a high 20.87%, domestic category consumers have been hit the hardest with a steep tariff increase of approximately 26%.

with thanks : Times of India : LINK : for detailed news.

Audited accounts of BYPL tell us a different story. Plz check below :

BYPL	2007-08	2008-09	2009-10	2010-11
Profit / (Loss) b/d		( 116.12 )	( 58.50 )	18.36
Profit After Tax		57.62	76.85	155.11
Profit / (Loss) cfd	( 116.12 )	( 58.50 )	18.36	173.47
Earning Per Equity Share		4.97	6.63	13.37