Discoms

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Discoms - Total results - 67
Why did Scindia cancel felicitatation of top-performing discoms?
Economy

Why did Scindia cancel felicitatation of top-performing discoms?

Even though Gujarat discoms have emerged as the best performers in India, the power ministry has cancelled a ceremony to felicitate the top-ranking distribution companies, highlighting the tension between Centre and Narendra Modi

Govt notifies debt rejig scheme for discoms
Economy

Govt notifies debt rejig scheme for discoms

The government today said it has notified the financial restructuring scheme for state-owned power distribution companies that includes conversion of 50 percent of their short-term debt into bonds backed by respective states.

Govt to propose draft model bill for state discoms
Economy

Govt to propose draft model bill for state discoms

After announcing a debt restructuring package for the state electricity boards, the government today said it would bring a draft model bill for fixing responsibility on state discoms.

Discoms to get performance-linked bailout package, says Moily
Politics

Discoms to get performance-linked bailout package, says Moily

India's power distributors had accumulated losses of Rs 2.46 lakh crore up to the end of the fiscal year ending March 2012, Power Minister Veerappa Moily said on Tuesday.

Power discom bailout is a big, big deal, but do it right
Business

Power discom bailout is a big, big deal, but do it right

For the bailout of discoms to succeed, governments and discoms must be held accountable for their commitments - and not use this opportunity provided by the cleaning up of their books as a starting point for another round of populist profligacy.

Govt likely to ask states to ease debt load of discoms
Politics

Govt likely to ask states to ease debt load of discoms

Analysts say failure to charge the full price for electricity is unsustainable with rising costs for fuel.

Banks worried over Rs 2 lakh cr debt recast plan for power
Business

Banks worried over Rs 2 lakh cr debt recast plan for power

Any more CDRs will have serious repercussions on the banking system as it comes on the back of an already historic rise in CDR cases due to deepening slowdown in the economy