NHPC Compared to East India Company by Congress Member

Quick Summary

• Accusation Against NHPC: Tariq Hamid karra, J&K Congress president, compared the National Hydroelectric Power Corporation (NHPC) to the East India Company, alleging resource exploitation in jammu and Kashmir.

• Financial Concerns: Karra accused NHPC of taking Rs 300 crore in consultancy charges over ten years from local entities and questioned why these charges continue post forming the chenab Valley Power Projects (CVPP).

• Stake Changes: Post-abrogation of J&K’s special status, NHPC acquired a 2% stake in CVPP from PTC in 2021.

• Operational Issues: concerns were raised about key leadership positions at CVPP being vacant and alleged discrimination against state cadre employees by NHPC.

• Mining Sector Issues: Cited that 70% of mining blocks auctioned post-2019 went to non-local firms; referred to illegal exploitation by notable fraudsters affecting sapphire resources.

Indian opinion Analysis

Tariq Hamid Karra’s comparison between NHPC and the historical East India Company reflects serious concerns about resource management and local autonomy in J&K. The financial implications highlighted,especially with consultancy fees,point towards potential inefficiencies or mismanagement. These issues are compounded by reports of strategic staffing vacancies at CVPP which could impact effective governance. Furthermore, allegations regarding non-local control over mining assets indicate deeper socio-economic challenges post-reorganization of J&K’s administrative structure. Such concerns necessitate transparent investigations to ensure equitable management of natural resources benefiting residents while maintaining regional integrity.

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