Government likely to review UDAY scheme

Government likely to review UDAY scheme

As the fear of power sector debt turning loom large and with warning over poor state finances by both the Reserve Bank of India (RBI) and the Finance Commission, the government is likely to review its flagship Ujwal Discom Assurance Yojana (UDAY) scheme.

Has UDAY brought a new dawn for power discoms across India?

Has UDAY brought a new dawn for power discoms across India?

Uninterrupted power supply is a political hot potato that can bring a government down in an election. India also managed to electrify all villages during the first tenure of the Modi government. Now, the users in these newly electrified villages would also be expecting 24×7 power supply.

Uday 2.0 – Will it make the end consumer more powerful?

Uday 2.0 – Will it make the end consumer more powerful?

Mounting losses of power discoms that have crossed $3 billion and other challenges are making the government go back to the drawing board. The urgency is apparent as a new tariff policy with an aim to empower the consumer has been sent to the Union Cabinet for approval.

Uday scheme behind Raj’s fiscal imbalance: Fin panel

Uday scheme behind Raj’s fiscal imbalance: Fin panel

Stressing that adoption of the Centre’s Uday scheme in Rajasthan by the previous BJP government led to fiscal imbalance, the 15th Finance Commission on Monday suggested that state government must give priority to tourism sector, rain water harvesting

Uday scheme: Discoms’ losses rise 89% in FY19

Uday scheme: Discoms’ losses rise 89% in FY19

State-run electricity distribution companies (discoms) reported a near doubling of their financial losses in FY19, in what reflected a dramatic reversal of the trend of a secular decline in losses in FY17 and FY18 thanks to the UDAY scheme.

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