REC gets infrastructure finance company status

State-run Rural Electrification Corporation on Monday said the Reserve Bank has granted it the infrastructure finance company status which would allow the firm to lend more to power projects. The......

Rs 3.03-lakh cr scheme to improve power discoms gets nod

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a five-year-long reform-based result-linked power distribution scheme worth Rs 3.03 lakh crore, for strengthening system of......

How govt plans to raise Rs 90,000 cr for discoms

LIC, EPFO and PSBs are likely to be asked to subscribe to bonds. Illustration: Dominic Xavier/Rediff.com The Centre is looking to tap the domestic bond market for supporting the Rs 90,000-crore......

States add 1.1 million families to un-electrified list

Two years after the Centre’s flagship village electrification scheme Saubhagya concluded with the government claiming 99.9 per cent success, several states have added close to 1.1 million......