Archive for November 12th, 2024

Challenges in Financial Stability: Lessons from Minsky, Kindlberger and Bagehot

November 12, 2024

Very intersting speech by Andrew Bailey, Governor of Bank of England.  He draws lessons from Minsky, Kindlberger and Bagehot on financial stability:

I am going to use my time to talk about global financial stability and the challenges we face today. But I am going to start with some theory. The reason is that there is an issue with financial stability in that the risks can take on a laundry list character, and a long list at that. This can leave a ‘take your pick’ mindset, and a sense that this is all too much, or that it is not sufficiently grounded.

So, bear with me for a short travel into theory, and then I will seek to put today’s big issues or at least some of them, into that context.

Starts with Minsky:

(more…)

50 years of NTPC and NHPC (National Thermal Power Corporation and National Hydel Power Corporation )

November 12, 2024

NTPC and NHPC established in 1975 celebrated their 50th anniversaries.

NHPC, India’s premier hydropower company and NTPC, India’s largest integrated power utility, commemorated their 50th Raising Day and entry into the Golden Jubilee year with a grand joint celebration at Bharat Mandapam, New Delhi on 9th November 2024. The event marked a significant milestone for both the utilities which were incorporated on November 7th 1975.

Shri Manohar Lal, Union Minister of Power and Housing & Urban Affairs graced the event as Chief Guest. Shri Pankaj Agarwal, Secretary (Power), Government of India was the Special Guest on the occasion. Shri R.K. Chaudhary, CMD, NHPC and Shri Gurdeep Singh, CMD, NTPC were present on the occasion along with Shri R.P. Goyal, Director (Finance), Shri Uttam Lal, Director (Personnel), Shri Sanjay Kumar Singh, Director (Projects & Technical) and Shri Santosh Kumar, CVO from NHPC and Shri Jaikumar Srinivasan, Director (Finance), Shri Shivam Srivastava, Director (Fuel), Shri K.S. Sundaram, Director (Projects), Shri Ravindra Kumar, Director (Operations) and Shri A K Jadli, Director (HR) from NTPC.

In his address Shri Manohar Lal, Hon’ble Union Minister of Power, Housing and Urban Affairs extended his heartfelt congratulations to both the organizations and expressed his delight in being part of this historic occasion. The Hon’ble Minister said that the unparalleled contribution made by NHPC and NTPC to the Indian power sector over the past five decades is a matter of pride for us and their dedication and commitment towards providing a stable and continuous power supply have been instrumental in the sustainable development of the country.

In his address Shri Pankaj Agarwal, Secretary (Power), Government of India highlighted the remarkable achievements of NTPC and NHPC. He said that NTPC and NHPC have played a key role in transforming India’s energy sector over the past 50 years. He further added that both organizations have been integral to India’s energy security and economic growth and also acknowledged the critical role both organizations are playing in promoting clean energy solutions.

Speaking on the occasion, Shri R.K. Chaudhary, CMD, NHPC extended his best wishes to both NHPC and NTPC employees for entry into Golden Jubilee year. Shri Chaudhary enumerated upon the various achievements of NHPC since its inception in 1975 in terms of power generation and profitability. CMD, NHPC said that NHPC’s successes are numerous and we have not only achieved excellence in the implementation of hydropower projects from concept to commissioning, but have also adopted the principles of sustainable development. He also said that NHPC’s 50th Raising Day has become extra special as NHPC has achieved Navratna company status on August 30th this year which reflect our hard work, dedication and commitment to high standards. CMD, NHPC informed that currently the total installed capacity of NHPC is more than 7000 MW and NHPC is constantly moving towards green energy generation and striving to touch new heights.

Speaking on the occasion, Shri Gurdeep Singh, CMD, NTPC congratulated each and every employee of NTPC and NHPC and their family members on this historic occasion. The CMD said the dedication and resilience of our workforce have been instrumental in achieving this remarkable feat. This year, as we honor our legacy, we also resolve to embrace innovation and set new standards of performance, safety, and environmental stewardship, he said. NTPC has consistently demonstrated its commitment to provide reliable, affordable, and sustainable power to the nation. We acted as a growth engine for the nation’s progress over the years, evolved continuously and made a long-lasting impact on the country’s growth story. Today, when people think of electricity in the country, they instantly think of NTPC, which gives us a feeling of pride and puts additional responsibility on us, he added.

Press release by NHPC and NTPC.

NTPC has a timeline. There is also a superb book by Mr DV Kapur who shaped NTPC aptly titled: The Bloom in the Desert: The Making of NTPC.

 


Design a site like this with WordPress.com
Get started