BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: Cabinet clears power sector rescue package; Piyush Goyal says ‘Rs 4.3 lakh cr debt accumulated with discoms’
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Economy > Cabinet clears power sector rescue package; Piyush Goyal says ‘Rs 4.3 lakh cr debt accumulated with discoms’
Economy

Cabinet clears power sector rescue package; Piyush Goyal says ‘Rs 4.3 lakh cr debt accumulated with discoms’

deep
Last updated: 2015/11/29 at 11:59 AM
deep Published November 29, 2015
Share
1 Min Read
SHARE

Piyush Goyal

Cabinet approved a rescue package for its loss-making electricity utilities on Thursday, Power Minister Piyush Goyal said, a move Prime Minister Narendra Modi hopes will increase the supply of power and help spur economic growth.

Power Minister Piyush Goyal said after a meeting of the cabinet that the government had cleared the package, which it has been working on for several months, to ease the financial crunch at state-owned utility companies.

Government unveiled several measures to save power discoms. Goyal said, “Cabinet clears financial restructuring of debt of power discoms; Rajasthan, UP, Tamil Nadu and Haryana discoms will be the most loss making.”

Goyal further said, “Rs 4.3 lakh crore debt is accumulated with discoms and the capacity to buy additional electricity had diminished. Discoms’ financial position on a steady has decline in the past five years. Government is committed to bring down losses of discoms & is introducing a slew of measures for the same.”

[“source -financialexpress”]

 

You Might Also Like

body shop with loaner car

WHO says monkeypox has been spreading undetected as global cases rise to more than 550

FedEx Acquires TNT specific, method better delivery in Europe

Endurance International Completes Constant Contact Acquisition

BigCommerce, Xero Partnership adds Cloud Accounting to online Stores

deep November 29, 2015
Share this Article
Facebook Twitter Email Print
Share
Previous Article Moody’s Analytics stands by its report; says report part of economic outlook series
Next Article India to deal with volatility in global financial markets: Arun Jaitley

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • find a loan shark on craigslist
  • GoDaddy Launches SmartLine, Gives Your Small Business Its Own Phone Number
  • coffee break loans reviews

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • find a loan shark on craigslist
  • GoDaddy Launches SmartLine, Gives Your Small Business Its Own Phone Number
  • coffee break loans reviews

Recent Posts

  • Quotes About Betrayal on Life
  • How Can A Sign Advertising Boost Your Brand’s Visibility

© 2023 BusinessLogr News Network.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?