Seven more states and Delhi join UDAY

A total of 20 states and the national capital are now a part of the centre’s scheme

GN Bureau | July 21, 2016


#modi   #Ujwal DISCOM Assurance Yojana   #uday  


The Modi government’s Ujwal DISCOM Assurance Yojana, or UDAY, has now got 20 states and the national capital to be its part, as seven more states and Delhi agreed to join the scheme.

The scheme, launched in 2015, aims to improve operational efficiencies of discoms, reduce cost of power and interest cost of discoms, and enforce financial discipline on discoms through alignment with state finances.

The prime feature of the scheme is that it allows state governments, owning discoms, to take over 75 percent of their debts as of September 30, 2015 – 50 percent of discom debt to be taken over in 2015-16 and 25 percent in 2016-17.

Earlier 13 states had signed agreements with the centre for this scheme. Now other than Delhi, seven more states – Himachal Pradesh, Madhya Pradesh, Maharashtra, Odisha, Assam, Manipur and Tripura – have also become a part of UDAY.

Comments

 

Other News

Air Pollution: What needs to be done to tame the silent killer

Air pollution in Delhi has been in headlines, as every year in recent times. Mumbai too has suffered from air pollution, despite being a coastal city. Apart from many other metros such as Bangalore and Kolkata, tier-I and -II cities and rural areas also have high pollution levels. Every year reports and st

Free food grains for 81.35 cr beneficiaries for five years

The central government will provide free food grains to about 81.35 crore beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from January 1, 2024, the cabinet decided on Wednesday. Terming it as a “historic decision”, a

“I wrote ‘Survival at Stake’ to provide food for thought about solutions”

Survival at Stake: How Our Treatment of Animals Is Key to Human Existence By Poorva Joshipura HarperCollins, 328 pages, Rs 499 With science now recognising animal consciousness, intelligence, emotion, and even morality, there must rise an awareness of

‘Bon Voyage’ through the Arctic: Exploring new horizons for India

India`s tryst with trade through the Arctic regions, including the Northern Sea Routes (NSR), has become an impact-making endeavor recently. The Arctic of yore is now a pivot – point of geopolitics, of climate change discussions, and for economic opportunities; 40% of oil and gas reserves said to be

Demystifying Contemporary Finance Theory and other lessons in investment

Investing Decoded: Simple Path To Building A Portfolio In Millions By Anirudh Rathore Penguin India, 320 pages, Rs 499

Deepfake: India to prepare four-point action plan

Deepfake has emerged as a serious threat to democracy and social institutions across the world. Propagation of deepfake content via social media platforms has aggravated this challenge. Ministry of Electronics and Information Technology (MeitY) has, from time to time, advised social media in

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter