The finance ministry officials will meet the power ministry in a few days to deliberate on the Reserve Bank of India’s stricter bad loan norms. That’s after the Allahabad High Court last week directed that no action should be taken against stressed power companies on the basis RBI’s new stressed assets framework till the finance […]
Power ministry, RBI meet on NPA norms postponed, says RK Singh
The ministry had earlier approached the central bank seeking relaxation from stringent RBI norms for the power sector, a source said. The minister further said the government was also planning to bid out about 40,000-50,000 MW of renewable power this year. Power ministry’s meeting with Reserve Bank of India on the revised RBI norms for […]
Electricity for all households by year-end, says RK Singh
Questions over the electrification drive raised due to lack of understanding, says Power Minister NEW DELHI, MAY 1 On April 28, the government announced that all villages in the country had been electrified. But critics and locals point to villages still being without power. Defending the government’s claim, Minister of State (Independent Charge) for Power […]