India gets ₹3.05 trillion power discom reform scheme
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In January 2014, the Aam Aadmi Party-led Delhi government ordered the audit of the three discoms BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd and Tata Power Delhi Distribution Ltd by the CAG. Photo: Mint
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Finance minister Nirmala Sitharaman on Monday announced a ₹3.05 trillion electricity distribution reform programme in the Union budget to help reduce losses and improve the efficiency of electricity distribution companies (discoms).
While presenting her third Union Budget she also announced putting a framework in place for allowing a choice of electricity supplier to the consumers. The ongoing Parliament session will consider the Electricity (Amendment) Bill, 2021, that has proposed amendments including measures such as “de-licensing of the power distribution business to bring in competition.
Govt may unveil ₹3 trillion power supply reform
According to Emkay Global Financial Services, pending dues of power discoms to generation companies rose 35% from a year earlier in October to ₹1.26 trillion.
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Finance minister Nirmala Sitharaman may announce a ₹3 trillion electricity distribution reform programme in the Union budget to help reduce losses and improve the efficiency of power distribution utilities, a government official said.
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