Under Ind AS, Financial Statements Will Have A Face Off
The power sector in India is highly regulated, with continuing regulator's involvement in pricing, security of supply and extensively capital intensive. Till 1991, the whole infrastructure sector (of which power is a part) was primarily under government ownership, but due to severe foreign exchange crisis and a lack of capital for expanding infrastructure capacity, the Indian government allowed private foreign and Indian investments in the sector.
Change, adapt & innovate
India´s power sector is at an inflection point, given the government´s conviction that electricity is a critical enabler for economic growth. Distribution sector in particular, is in the focus with new generation of reforms initiated by the government.
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