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New Indian Express
a day ago
- Business
- New Indian Express
Rs 818 crore released for VLR payments since Dec 2023
HYDERABAD: Since the Congress formed the government in December 2023, the implementation of the Vaddi Leni Runalu (VLR) scheme — interest subvention on loans taken by Self-Help Groups (SHGs) — has witnessed a resurgence. Data reveals that in FY 2024–25, the government has so far released Rs 818.04 crore towards VLR payments, indicating a renewed policy thrust to clear long-pending dues. For several years, especially after 2019, disbursement under this scheme had slowed down, resulting in massive unpaid dues. However, the year-wise data showed that the programme has gained momentum once again, with the new administration making considerable payments within a short span. Between the financial years 2014–15 and 2023–24, the cumulative demand for VLR payments stood at Rs 6,105.73 crore. Of this, Rs 3,030.43 crore was disbursed, leaving outstanding dues of Rs 3,075.31 crore. The payments were consistent and timely until 2018–19, but from 2019–20 onwards, there was a steep decline in releases. For instance, while Rs 602.74 crore was required in 2019–20, only Rs 386.99 crore was paid. The situation deteriorated further in subsequent years, with minimal or no releases, particularly between 2021–22 and 2023–24, when the demand peaked at Rs 943.9 crore in 2021–22 alone. This prolonged inaction appears to have been reversed after the Congress administration took charge as Chief Minister A Revanth Reddy and Women & Child Welfare Minister Danasari Anasuya alias Seethakka took women empowerment as a challenge. A look at the VLR district-wise data for the current FY 2024–25 paints a clear picture of renewed efforts of the government. Of the total `818.04 crore released under the VLR scheme, Rs 298.04 crore was paid between December 2023 and March 2024 and Rs 220.65 crore between April 2024 and January 2025. Govt to allocate more funds for women empowerment The government also released Rs 299.35 crore through the Integrated Management System (IMS), suggesting that the payments were not only timely but also systematised. Speaking to TNIE, Seethakka said: 'The state government under the leadership of Chief Minister A Revanth Reddy is striving to make women billionaires, and we have not confined ourselves to words but actions.' 'Our government intends to allocate more funds for women empowerment in the coming days,' she added.
Observer
27-05-2025
- Business
- Observer
OETC showcases 20 years of network growth and reliability
MUSCAT: Oman Electricity Transmission Company (OETC), the majority state-owned owner and operator of Oman's national transmission grid, has highlighted significant achievements in the development of infrastructure, while driving safety and sustainability as well. The company achieved over 58 million safe man-hours, having also boosted the length of its grid to over 10,200 kilometres, while adding 10.65 per cent clean energy to the network. As the pioneer Omani organisation certified Integrated Management System in six strategic sectors, at a level of Omanisation of 97 per cent, OETC continues to be at the forefront of propelling the goals of Oman Vision 2040. These achievements were outlined during the annual press conference on May 27, 2025 organised by parent organisation Nama Group at the Oman Conference and Exhibition Centre. The new milestone in 58 million safe man-hours with no lost-time injury underscores its commitment towards workplace safety — one of the fundamental pillars of human well-being in the OETC Vision. OETC is also the first Omani organisation and one of the first in the GCC region, to attain Integrated Management System (IMS) certification across six significant areas: quality, environment, health & safety, asset management, business continuity and information security. Eng Saleh Nasser al Rumhi, OETC CEO, reaffirmed the company's vital role in Oman's power industry, saying that, "Since its establishment in 2005, OETC has been a pillar in the electricity sector, responsible for transmitting electricity from power generation stations to main load centres around the Sultanate of Oman. We manage the national grid, achieving a fine balance between supply and demand, high efficiency and cost-effective supply of electricity. OETC supplies electricity at 132 kV and above; and controls interconnection lines with the Gulf Cooperation Council Interconnection Authority (GCCIA) at 220 kV." Speaking about the company's growth, Al Rumhi added, "The national grid has been extended in the past 20 years according to international standards. We have built over 116 grid Stations, of which 17 are 400 kV running and increased our transmission lines to over 10,200 kilometres. All these have paid us rich dividends with superb operating performance, achieving 99.9999 per cent reliability and 98.1112 per cent availability. These achievements not only indicate OETC's operational success but also indicate its strategic alignment with Oman Vision 2040 to empower national talent, develop infrastructure and integrate clean energy.' According to Oman Vision 2040's sustainability goals, OETC increased the percentage of clean and renewable energy in its grid to 10.65 per cent (1,855 GWh), reaffirming Sultanate of Oman's move towards a cleaner future. Financial strength is another aspect, with a Ba2 (stable) rating by Moody's and BB+ (stable) rating by Fitch. Paying off the $1 billion "Lamar" Bond in its entirety is a testament to OETC's fiscal responsibility and investment capacity. Being 97 per cent Omanised, OETC also helps in empowering national capabilities, responding to Oman Vision 2040's call to build human capital.
Iraqi News
31-01-2025
- Business
- Iraqi News
Oil Ministry: 194 wells will be drilled and reclaimed this year
The Iraqi Drilling Company counted, on Friday, the number of oil wells completed during the year 2024, while indicating that the current year's plan includes drilling and reclaiming 194 wells. The Deputy Director General of the Iraqi Drilling Company, Kadhim Habash Khalif, told the Iraqi News Agency (INA): "The company completed drilling 51 wells and reclaiming 137 oil wells in various Iraqi fields during the year 2024, including Zubair, Majnoon, West Qurna, Bazargan, East Baghdad, Dhi Qar, and Kirkuk, as part of its commitment to supporting national production operations and enhancing operational efficiency." He pointed out that "the company achieved the highest safety rating for 2024 in the Majnoon oil field, thanks to the effective application of the Integrated Management System (IMS) and strict adherence to health, safety and environmental standards, in addition to implementing intensive training programs to develop the skills of its cadres according to the latest international technologies." As part of its future vision, the Deputy Director General revealed "an ambitious plan for 2025 that includes drilling 64 wells and reclaiming 130 other wells, in an effort to enhance the production capacity of the Iraqi oil sector," indicating that "this plan will be reinforced by new strategic contracts with major international companies, such as BP, ENI, CNOOC, and Total, which reflects the great confidence in the company's capabilities and the efficiency of its technical operations." He continued, "The Company continues to implement qualitative projects that contribute to supporting the Ministry of Oil's plans to raise production levels, in line with national strategic directions," stressing "its keenness to adopt the latest technologies and achieve the highest levels of performance in the drilling and reclamation sector."
