Aurobinda Panda

Competition Law and Competition Issues Affecting the Energy Sector in India

India faces endemic electrical energy and peaking shortages. The power sector is plagued with mounting commercial losses due to various inefficiencies, colossal commercial and technical losses and increasing subsidy burden on the states. These shortages have had a very detrimental effect on the overall economic growth of the country. In order to revitalise the sector and improve the techno-economic performance, the Government of India initiated the reform process in 1991. This article analyses the pre-reform era and identifies the key concerns which led to the initiation of the reforms. It also analyses the likely impact of the major policy and regulatory initiatives that have been undertaken since 1991 including the provisions of the new enactments which have come into force eventually in the form of the Electricity Act, 2003. This article details out the key features of the Act and its likely impact on the Indian electricity industry in the emerging scenario. The article also discusses major issues like role of the regulator in the new regime, issue of open access, power trading, introduction of power markets and role of the Appellate Tribunal for Electricity in harmonising the orders of the various regulators. JEL Classification: K21, Q43

The Impact of GST (Goods and Services Tax) on the Indian Tax Scene

This paper is an analysis of what the impact of GST (Goods and Services Tax) will be on Indian Tax Scenario. The authors have stated with a brief description of the historical scenario of Indian taxation and its tax structure. Then the need arose for the change in tax structure from traditional to GST model. GST has be detailed discuss in this paper by the authors as the background, silent features and the impact of GST in the present tax scenario in India.