Delhi’s peak power demand crosses 5000 MW mark, highest this season


Pushed by the plummeting temperatures, Delhi’s peak power demand soared to the highest this winter at 5021 MW on Friday, discom officials said.

This is the first time this winter that Delhi’s peak power demand has crossed the 5000 MW mark. Delhi’s peak demand at5021 MW on January 1 is the highest this winter, said a BSES spokesperson.

“Delhi’s peak power demand has increased by 7 percent in 2-days since December 30. It has increased by 43 percent since December 1 and by 60 percent since November 1,” he said.

Last year, the peak power demand on January 1, 2020 was 5226 MW.

The highest peak power demand in December 2020 was 4671 MW on December 30, 2020. In just two days, it increased by over 7 percenr to 5021 MW, he said.

On December 16, 2020, Delhi’s peak power demand crossed 4000 MW for the first time this winter. Delhi’s peak power demand in December 2020 had surpassed the peak power demand of December 2019 on 10 corresponding days.

“It is expected to increase further in the coming days if the winter

63 Moons moves NCLT seeking to ensure recovery from DHFL benefit creditors


63 Moons Technologies, formerly Financial Technologies, on Thursday said it has moved the National Company Law Tribunal (NCLT) seeking to ensure that recovery from benefit all creditors, including NCD-holders.

The company holds over Rs 200 crore of NCD (non-convertible debentures) of the crippled mortgage player.

“We have filed an application with the National Company Law Tribunal, Mumbai, seeking that the benefit of avoidance applications for around Rs 30,000 crore filed by the administrator under Section 66 of IBC come to the committee of creditors, including NCD holders, who are the actual sufferers of the default by the company,” said 63 Moons in a statement.

Currently, according to the resolution plans, which will be voted by the committee of creditors, the recovery amount will go to resolution applicant, the company said.

on Thursday adjourned the 63 Moons application for hearing to January 13.

Reportedly, the committee of creditors have opposed the resolution as they stand to benefit from the personal guarantees of the promoters but NCD holders have no such recourse.

63 Moons had earlier also filed a cheating case

How do the changes announced in the budget actually affect your SME


In the recent budget there were a raft of announcements that could impact SMEs.

William Garvey MD of Leyton UK, walks through the implications of the budget and how they may impact on small businesses.

Philip Hammond’s ‘budget for grafters’ was much more detailed than initially anticipated. Amongst the many measures destined to stimulate the economy and encourage growth were some initiatives that relate directly to innovation funding for SME’s.

Industrial strategy

A welcome measure for innovating SMEs was the long-term support for research and development in support of the Modern Industrial Strategy. This ranges from nuclear fusion, AI to quantum computing. The Industrial Strategy has the objective of making the UK the most innovative nation by 2030 and help reach the government’s ambition of increasing the UK R&D investment to 2.4% of its GDP by 2027 through a £1.6b increased investment.

UK digital services tax

The introduction of a UK digital services tax was a headline grabbing measure in the budget. This however is aimed at the tech giants and not designed to discourage start-ups. It is targeted at profitable companies with > £500M worldwide revenue.

This applies to revenues generated from the provision of business activities such as

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