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Government readies a power sector bailout package

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The power sector bailout package may involve temporarily reducing electricity tariffs, providing concessional finance, and clearing around ₹1 trillion in outstanding dues of discoms by state owned financial institutions NEW DELHI : As part of its strategy to bring its battered economy back on track, India is working on a power sector bailout package that may involve; temporarily reducing electricity tariffs, providing concessional finance, and clearing around ₹1 trillion in outstanding dues of electricity distribution companies (discoms) by state owned financial institutions, said two government officials aware of the development.

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