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News Brief | April 2016

Power utility debt costly for Rajasthan

Taking over the debt burden for three discoms in the state under Ujjwal Discom Assurance Yojna (UDAY) has proved costly for Rajasthan, spiking the stateĀ“s fiscal deficit of 2015-16 to Rs.67,350 crore - more than thrice the projection made at the start of the year.

Under the UDAY scheme, Rajasthan took over Rs.60,500 crore of debt incurred by its discoms, the bulk of which is accounted for in the current fiscal and the rest in the next. The state will raise funds through UDAY bonds to retire the utility debt.

Contact: Finance Department, Government of Rajasthan
Email: rajfd@rajasthan.gov.in
Website: http://www.finance.rajasthan.gov.in/

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