As the newly elected NDA government sits on India’s driving seat and turns on the ignition, speculators and economists predict a bumpy road ahead. The biggest of these bumps is the ‘discom dilemma’ i.e. the poor performance of the power sector which continues to be a source of asset quality risk for public as well as private banks in India. In this Op-Ed column, Featured Columnist Nidhi Mardi speaks about how the Discoms have been suffering from years of poor financial profiles and perpetual losses due to operational inefficiencies, lack of tariff and lack of actual disbursements by states and Centre for subsidies and electrification schemes. Read more : goo.gl/w9uTtN
Posted on: Wed, 02 Jul 2014 06:36:38 +0000
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