Waning hope for UDAY!
Although state discoms have managed to leverage UDAY by paring financial losses from Rs.51,589.51 crore in FY16 to Rs.34,826.87 in FY17, a marginal decrease in AT&C losses seems to be the bone of contention, as what has been envisaged has not been achieved yet, barring bailing-out non-performers.
UDAY, SERC, Electricity, Constitution Of India, Aggregate Technical & Commercial, Discoms, Raj Kumar Singh, ACS, Power Finance Corporation, CAGR, Government Of Karnataka, Smart Metering, Distribution Transformer, Mou, CRISIL
Insolvency and bankruptcy code | Resolving the NPA crisis
The proposed code is a step in the right direction to bring about clarity in the legal framework and certainty and predictability in restructuring of debt and insolvency.
Framework, NPA, Dr T K Viswanathan, Insolvency, Bankruptcy Code, Bankruptcy Law Reforms Committee, Lok Sabha, R And R, BIFR, SICA, RBI, CDR, JLF, DRT, SARFAESI Act