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Power Sector Reforms: Indian govt earmarks Rs 1,43,332 crore worth incentives to 12 states for power sector reforms

The Indian government has provided financial incentives of Rs 1,43,332 crore to 12 states for power sector reforms. This includes Rs 66,413 crore as additional borrowing for reforms completed in 2021-22 and 2022-23. The incentives aim to improve efficiency and performance and will enable states to borrow additional funds. Specifically, states can borrow up to 0.5% of their Gross State Domestic Product annually from 2021-22 to 2024-25 if they implement specific power sector reforms. ....

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