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Covid-19 to worsen indebtedness of Indian states despite economic rebound: S&P

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₹3 trillion power sector reforms announced in FY2021-22 budget presented by the central government. While details of the proposed reform are not known yet, meaningful state participation is likely.

The significant linkages between the power distribution companies (discoms) and states have led to the indebtedness of the discoms shifting to states," S&P added.

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