Uday

Economic Survey 2019 presents good overview, but should not be read as precursor to Sitharaman's maiden Budget

The Economic Survey also takes a view that the NPA issue is behind us and hence banks can now lend.

Govt reduced energy subsidies by over Rs 82,000 cr in 3 years, but discoms remain largest beneficiaries

Energy subsidies reduced by over Rs 82,000 crore between 2013-14 and 2015-16, a drop of 38 percent, but subsidies given to electricity transmission and distribution companies rose by over 60 percent

Govt's higher borrowing of Rs 50,000 crore means there will necessarily be fiscal slippage

The alternative is to have central govt breach fiscal deficit target and borrow more from the market, which is being done now

Solar power capacity addition fuelled by imports: How local panel producers can benefit from Make in India

Estimates state that 85-90% of solar modules installed in India in 2016-17 were imported (from China and other countries leading to a forex outflow of nearly $3 bn

UDAY no panacea, pushed states' fiscal deficit by 0.7%, says Economic Survey

Unless states make timely revision of tariff, the problem of losses and debts of discoms may not be resolved.

Post GST, states may gain Rs 35,000-45,000 cr in revenue: Standard Chartered report

The findings estimate that the 18 states tracked in the study aim to keep their 2017-18 fiscal deficit unchanged from 2016-17 at 2.7 percent of GDP

Financial woes of power distribution cos run deep; it's too early to evaluate Uday

UDAY does not promise any grants but voluntarily asks the states to take-over 75 percent of the debt of the respective Discoms

Make financial sector a pillar of future economic growth: World Bank tells govt and RBI

One set of reforms are structural and relate to making the financial sector more market-oriented and competitive, while the other revolves around addressing the problem of NPAs

NTPC saves Rs 446 cr in energy bill in April despite increase in coal cess

NTPC is making all possible efforts to bring down the energy charges under Ujwal DISCOM Assurance Yojna (UDAY) for revival of debt-ridden discoms

AIADMK most corrupt in India: Ahead of Tamil Nadu polls, Amit Shah mounts scathing attack on Jayalalithaa

Goyal had recently said that Chief Minister Jayalalithaa was "inaccessible" and criticised the state government for not joining the Centre's UDAY scheme.