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India ready with power sector reforms

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NEW DELHI : Reflecting India’ strategy of using the crisis to initiate reforms, Prime Minister Narendra Modi took a meeting of the power sector on Friday wherein various long-term reforms were discussed.

The National Democratic Alliance (NDA) government has readied a raft of power sector reforms, including implementing the direct benefit transfer (DBT) scheme in the electricity sector for better targeting of subsidies, promoting retail competition and instilling financial discipline at state-owned electricity distribution companies (discoms). “The discussions included measures regarding ease of doing business; propagation of renewables; flexibility in supply of coal; role of public-private partnerships; and boosting investment in the power

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