Nirmala Sitharaman city New Delhi India covid-19 2020 Government bill Nirmala Sitharaman city New Delhi India

₹90K cr package to provide only temporary relief to discoms: IndRa

Reading now: 694
www.livemint.com

NEW DELHI : The ₹90,000 crore package would provide only a temporary relief to power distribution companies but not long-term stability, India Ratings and Research (Ind-Ra) said on Tuesday.

Finance Minister Nirmala Sitharaman earlier this month announced ₹90,000 crore liquidity infusion for discoms, saying that they owe ₹94,000 crore to power generation companies. "India Ratings and Research (Ind-Ra) believes that the bailout package of ₹900 billion would only provide a temporary relief to power distribution companies (discoms)," Ind-Ra said in a statement.

The loans will be provided to discoms against guarantees by state governments and will be used to clear their liabilities towards central public sector enterprise generating and

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA