Home Tag "Nirmala Sitharaman"

Power minister proposes a new scheme worth Rs 3 lakh crore to finance commission

Officials of the power ministry discussed the need to restructure the power system to make states responsible for the financial health of their power distributions companies (discoms), with the NK Singh-led FC Power minister RK Singh proposed a new scheme for the power sector amounting to Rs 3 lakh crore spanning five years, in his […]

PFC signs MoU with Govt. of India detailing targets for FY 2020-21

Liquidity support provides temporary lifeline to discoms: S&P

The agency noted that many discoms in India have weak financial health owing to excess debt, loss-making operations, and high transmission and distribution (T&D) losses of more than 15 per cent Mumbai: The government’s stimulus measures will only provide a temporary lifeline to state-owned power distribution companies as the coronavirus pandemic has increased liquidity pressure […]

IREDA opens branch office in Mumbai

Govt finalising Rs 3.5 lakh cr discoms package on the lines of UDAY: R K Singh

The scheme will come with a gross budgetary support of Rs 1.2 lakh crore over five years will be result-oriented where the distribution companies will invest first and get money later. New Delhi: The government is close to finalising a Rs 3.5 lakh crore financial assistance package that would mandate state power distribution companies with […]

PFC signs MoU with Govt. of India detailing targets for FY 2020-21

Energy sector players cheer stimulus, says steps towards self-reliance

Welcoming the announcement, Vikram Solar CEO Saibaba Vutukuri said the “path-breaking initiative” aims to make India self-reliant and reduce import dependency on imports for solar modules and its components New Delhi: Energy sector players on Wednesday hailed the government’s move to infuse Rs 90,000 crore liquidity into power distribution companies (discoms), saying the stimulus will […]

PFC signs MoU with Govt. of India detailing targets for FY 2020-21

Power Package: ₹45,000 cr liquidity for NBFCs; ₹90,000 cr for discoms

  FM Sitharaman announced ₹30,000 cr liquidity facility for NBFCs, housing finance companies and MFIs Among other big bang announements, Finance Minister Nirmala Sitharaman on Wednesday announced collateral free automatic loans for businesses, including MSMEs, up to ₹3 lakh crore. She also said ₹45,000 crore liquidity will be infused into NBFCs through partial credit guarantee […]

PFC signs MoU with Govt. of India detailing targets for FY 2020-21

Ensure uninterrupted electricity supply to consumers: PM Narendra Modi to power sector

At a meeting to review the power sector and the impact of COVID-19 pandemic on it, he also discussed various long-term reforms for enhancing sustainability, resilience, and efficiency of the sector, an official release said NEW DELHI: Amid the coronavirus crisis, Prime Minister Narendra Modi on Friday asked officials to work towards ensuring round-the-clock supply […]

PFC signs MoU with Govt. of India detailing targets for FY 2020-21

Budget 2020: Govt expands PM KUSUM scheme for solar pumps, targets to cover 20 lakh farmers

Finance Minister Nirmala Sitharaman on Saturday announced expansion of Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (PM KUSUM) Scheme under which 20 lakh farmers would be provided funds to set up standalone solar pumps. While presenting the budget for 2020-21, the minister said that 15 lakh farmers would be provided funds to set up grid-connected […]

PFC signs MoU with Govt. of India detailing targets for FY 2020-21

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