Rural Power sector – Way ahead: Explained, pointwise

Source: The Hindu   Syllabus: GS 3 – Infrastructure: Energy Relevance: India’s power sector and the problems with Discoms need radical solutions to achieve Energy Security. Introduction Recently, Rajasthan Electricity Regulatory Commission(RERC) ordered that energy access must go beyond powering rural homes. In other words, the order mentioned the need to electrify essential and productive human… Continue reading Rural Power sector – Way ahead: Explained, pointwise

Income support, UDAY driving fiscal slippages: RBI

The Reserve Bank has warned of the rising risks to fiscal consolidation of the states as their finances are burdened with (a)farm loan waivers (b)income support schemes and (c)UDAY bonds for their power distribution companies. These remarks were made during a meeting between the members of the 15th Finance Commission and the RBI members. Further,other… Continue reading Income support, UDAY driving fiscal slippages: RBI

Discom debt to return to pre-UDAY levels

According to the credit ratings agency Crisil,the debt of state-owned electricity distribution companies(discoms) is set to increase to pre-Ujwal Discom Assurance Yojana(UDAY) levels of ₹2.6 lakh crore by the end of 2019-20. The Ujwal Discom Assurance Yojana(Uday) was launched in 2015.It envisaged state governments taking over 75% of the utilities debts,thus reducing the interest burden… Continue reading Discom debt to return to pre-UDAY levels