ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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MONEY AND BANKING-Monetary Expansion Arrested

agreement among the Kerala State Electricity Board, the Karnataka State Electricity Board and INDAL. With the supplies of aluminium becoming scarce in the international markets, all effort is called for to augment power supply to aluminium smelters. According to the aluminium industry, the industry's total power requirements do not exceed 2 per cent of the total power generation in the country. However, the aluminium smelters are located in six states and their power needs vary between 8 and 15 per cent of the power available in each state, depending on the size of the unit. Industry sources also feel that since most of the tax revenue generated from manufacture and sale of aluminium goes to the Union government, the stage governments are not inclined to give priority to the aluminium industry in respect of power supply. The states had broached this subject with the Centre in the past but had drawn a blank.

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