The MPA named Susan Fraysse Russ senior VP of communications. Russ joins the team from Reader’s Digest Association where she was VP of global communications and president of Reader’s Digest Foundation. Time Inc.’s Entertainment Weekly announced promotion and new editorial hires. Mashable has hired Heidi Moore as business editor to oversee coverage of business, marketing, media and startups. Moore had been the U.S. finance and economics editor for the U.S. edition of The Guardian. First Look Media has had a volatile first year and a half of existence, but the company is hoping its latest hire can bring some stability. Kerri Chyka was promoted to VP of communications for Time Inc. where she will oversee an expanded news and lifestyle portfolio including Time, Real Simple, Fortune, Health, Cooking Light, Money, MyRecipes and All You. Meeta Agrawal has been elevated to deputy editor. She is being promoted from executive editor and will provide editorial oversight for EW while continuing to work closely with the digital team to oversee cross-platform initiatives. Here’s the rest of this week’s people on the move: Bloom’s most recent gig was as the founder of media and tech advisory firm, Woodshed Ventures, but he’s had a number of corporate media roles. He served as CEO of Guardian News and Media for North America from 2012 to 2014, and as chief digital officer for Wenner Media before that. Gillian Telling has been named senior editor, TV and will begin March 16. She is joining the EW team from PEOPLE, where she served as a staff editor since 2013. Michael Bloom is joining the group as president and general manager, where he’ll “be responsible for both the journalistic future of the organization and developing commercial opportunities to support First Look Media.” Anna Roth has been hired by Civil Eats as senior editor. Roth had most recently been the food and drink editor for SF Weekly. He’s faced with a much different situation in First Look though. Founded by eBay billionaire Pierre Omidyar in 2013, the company has already gone through a number of high-profile hirings, resignations and exposés. Gina McIntyre is joining as news director (movies) based out of L.A. McIntyre will edit the News & Notes section of the magazine, film features and oversee movie news coverage across all platforms.
The Indian power ministry announced on Thursday that it will invest $4 billion (INR 25,300 crore) in the power industry to roll out a new metering system and upgrade distribution networks around the country to help tackle the power theft issue.The announcement is a key step by Prime Minister Narendra Modi’s government to wipe out the electricity theft problem plaguing the country and to introduce uninterrupted power supply. The total project will reportedly cost $5.27 billion of which $4 billion will be contributed by the government.The new scheme will see the power ministry rolling out new meters for distribution feeders, transformers and consumers. The plan also intends to strengthen sub-transmission and distribution networks, Reuters reports. The project will help cut technical and commercial losses in the power department.Power theft has been a major problem in the country. According to a previous Bloomberg analysis, India loses $17 billion in revenue annually due to prolonged power cuts and blackouts. The country also loses over a quarter of its power due to poor wiring.Billing rates “are too low, and theft is too high. If you look at the power losses, 80 percent is theft,” Ratul Puri, chairman of Hindustan Powerprojects , a privately held power plant operator told Businessweek in an earlier interview.The government has raided several private companies after the Modi administration stepped in. More than 750 cases of power theft were reported before June.Experts suggested that power should be subsidized to solve the emerging problem. But theft- from both the poor and rich – made it unfeasible.In a 2013 feature for The Hindu, William Ash, a Strategic Program Manager at the IEEE Standards Association explained that “smart meters” are a great way to tackle the theft problem.”Most of the time, this theft happens through tapping of electricity from live wires, which also poses risks to people’s lives. The use of smart meters thus becomes extremely relevant in developing countries such as India,” Ash wrote.A smart meter is an electricity-measuring device that remotely switches “the customer’s power supply off and/or individual appliances based on demand response. It can remotely control electricity consumption to maximise energy efficiency and load balancing,” Ash explained.The Modi government has set a goal to use renewable energy to power at least one light bulb in the remote areas of India by 2019. Narendra Modi has been credited for solving the power theft problem in Gujarat when he was the chief minister. o f the state