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India- Five states get additional borrowing of Rs 2,094 cr for power sector reforms

(MENAFN - KNN India) Five states get additional borrowing of Rs. 2,094 cr for power sector reforms New Delhi, Feb 20 (KNN) Five more states namely, Bihar, Goa, Karnataka, Rajasthan and Uttarakhand have successfully met the target set by the Ministry of Power for a reduction in Aggregate Technical & Commercial (AT & C) losses or achieved the targeted reduction in Average Cost of Supply and Average Revenue Realisation (ACS-ARR) gap. Successful implementation of the reform has made these five states eligible to mobilise additional financial resources of Rs. 2,094 crore. The permission for the same has been accorded by the Department of Expenditure.   Reform linked additional borrowing permissions are stimulating reforms in Power Sector in the states.

Punjab cabinet approves amendment in industrial policy

Punjab cabinet approves amendment in industrial policy SECTIONS Last Updated: Feb 19, 2021, 06:41 PM IST Share Synopsis The cabinet chaired by Chief Minister Amarinder Singh gave approval to amend the Industrial and Business Development Policy, 2017, for extension of GST formula for availing incentives under the said policy till October 17, 2022, according to a government statement. The move was aimed at promoting post-Covid industrial revival and attracting greater investment. The Punjab cabinet on Friday approved an amendment in the 2017 industrial policy to enable investors to avail GST incentives till October 2022. The move was aimed at promoting post-Covid industrial revival and attracting greater investment. The cabinet chaired by Chief Minister Amarinder Singh gave approval to amend the Industrial and Business Development Policy, 2017, for extension of GST formula for availing incentives under the said policy till October 17, 2022, according to a government statement.

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