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Parliamentary panel pitches for more funds for Power Ministry

Parliamentary panel pitches for more funds for Power Ministry March 08, 2021 Ministry has constantly been allocated funds less than 50% of its original demand, says report The Parliamentary Standing Committee on Energy has flagged the consistently low budgetary allocation to the Ministry of Power as detrimental to India’s electricity sector. The committee, on Monday, presented in Parliament its report on the Ministry’s demand for grants. “The committee notes that the Ministry of Power has been allocated ₹15,322 crore though it had projected a demand of ₹30,155 crore. The scrutiny of the Demands for Grants of the Ministry of Power for the previous years has revealed that the Ministry has constantly been allocated funds less than 50 per cent of its original demands,” the report said.

Power Struggle: Centre s reform scheme is a mere bailout package for discoms

Power Struggle: Centre’s reform scheme is a mere bailout package for discoms Uttam Gupta © Provided by The Financial Express That the money is being offered on a platter is clear from virtually no obligation on the discoms (the performance targets set for 2018-19 now gets shifted to 2025). In her FY22 Budget speech, FM Nirmala Sitharaman announced that under the proposed Electricity (Amendment) Bill, 2021, the government intends to delicence the distribution business, bring in competition, and give the consumer power to choose her supplier. She also unveiled the Rs 3 lakh crore electricity distribution reform programme to reduce losses and improve the efficiency of discoms.

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