Power ministry seeks change in RBI order on stressed units

Power ministry seeks change in RBI order on stressed units

Stressed power assets have got a major boost as the power ministry has strongly recommended substantial changes to the RBI’s controversial Feb 12 circular on loan defaults that industry says will send capacity of 30,000 megawatts into liquidation, while the coal ministry has assured higher fuel supply to thermal plants with the help of auctions.

Power ministry, RBI meet on NPA norms postponed, says RK Singh

Power ministry, RBI meet on NPA norms postponed, says RK Singh

Power ministry’s meeting with Reserve Bank of India on the revised RBI norms for bad loans scheduled for today has been postponed. “It (the meeting) has been postponed. (The meeting will take place) some other day,” Power Minister R K Singh told reporters on the sidelines of a function

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