Power sector stress spreads to new areas, corporate India’s poor Q3 numbers just a trailer; all this and more on Moneycontrol Pro
The Ujwal Discom Assurance Yojana (UDAY), which was launched more than four years ago, has failed to revive the electricity distribution sector to the desired strength.
Budget 2020: Govt proposes Rs 22,000-cr outlay for power, renewable energy sector in FY21; consumers can choose service provider soon
Last month, the power ministry asked states to reduce power tariff of consumers having smart metres.
Delhi air pollution crisis: Money, political will, clear data or steadfast public attention — what really matters?
India does not have hourly, source-apportioned data across cities and neighbourhoods in an accessible format, which obfuscates public understanding and dilutes political will. The kind of staccato concern we show on air pollution cannot compete with the sustained focus of lobbying efforts
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
The alternative is to have central govt breach fiscal deficit target and borrow more from the market, which is being done now
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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
Unless states make timely revision of tariff, the problem of losses and debts of discoms may not be resolved.
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
UDAY does not promise any grants but voluntarily asks the states to take-over 75 percent of the debt of the respective Discoms
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 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.
Goyal said UDAY, aimed at benefiting distribution companies, will be helpful to every citizen of the country and that it would save Tamil Nadu Rs 22,000 crore in three years.
What will the double whammy of the UDAY (Ujwal Discom Assurance Yojana), the central government’s financial turnaround scheme for state power distribution companies, and pay revisions of government employees do to the finances of state governments?
The fiscal pressures will mount, but then once the government accepts the report, it has to gear itself for the same
It will be interesting to see if state governments go beyond scoring political points and implement UDAY in spirit
Bihar impact: Major reforms may be off agenda, but here are things PM Modi can still do to boost economy
He should persuade the state governments to undertake significant reforms like labour law amendments and land acquisition law changes and even UDAY