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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 2006 Governance · Regulatory Risk Reliance Power: When Legal Clouds Gather Over Market Euphoria ₹20,367 crore attached across the Reliance Anil Ambani Group. A ₹68.2 crore fake bank guarantee at the centre of it. A former CFO in custody for ten months and counting. And a stock that's still down more than half from its 52-week high even after a sharp rally. The market is pricing the turnaround. The Enforcement Directorate is pricing the history. Both can't be right forever. Reliance Power Ltd (₹24.07) has genuinely turned a corner operationally over the past two years — debt reduction, a growing renewable and BESS order pipeline, and periods of sharp investor re-rating. That part of the story is real and deserves credit. But sitting underneath that story is a live,...
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"Amma" Fires Missiles at the UPA..!!
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Tamil Nadu Chief Minister Jayalalithaa today charged the UPA government with suffering from "policy paralysis" and said it was "so much struggling with internal squabblings" that it could not even look into "livelihood issues" such as the Cauvery river water problem.
The AIADMK chief said her repeated pleas to the Centre and Prime Minister Manmohan Singh demanding that the 2007 final verdict of the Cauvery Water Disputes Tribunal be notified in the Central gazette had not been heeded to.
"I had written to the honourable Prime Minister on May 19 seeking to convene meeting of the Cauvery River Authority. The Centre has not taken any action. It looks like the Centre has no time to focus on people's issues as it is struggling with internal squabbles created by its (Congress) alliance parties," she said in a statement here.
"Therefore, the government is suffering from policy paralysis resulting in not even being able to look at the livelihood issues like the cauvery river water problem", she said.
In her letter to Singh in May, Jayalalithaa had charged Karnataka with "unjustly utilising" Cauvery water for summer irrigation and asked the Prime Minister to convene a meeting of the Cauvery River Authority to discuss the issue.


News Body, Courtesy: Business Standard

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