power paradox | Business Standard Editorial


Prime Minister Narendra Modi’s recent campaign against the free distribution culture in electoral politics found its strongest expression on Saturday at the launch of the Rs 3 lakh crore new distribution sector scheme. Referring to the Rs 2.5 trillion owed to states for power generation (gencos) and distribution companies (discoms), Shri Modi said that clearing these bills was not a matter of politics (politics), but nation-neeti (nation building). ) was the case. The Prime Minister’s statement is an unintentional acknowledgment of the fact that the power sector remains one of India’s most distressed sectors, largely due to long-term, unsustainable policies of states to either provide free or heavily subsidized electricity to the mighty farm lobby. Willful theft by vote bank designated to distribute or to ignore. The crisis is evident from the fact that in the past two decades the sector has received five bailout schemes from the Centre, three by the Modi government alone, of which the Revised Distribution Area Scheme is the latest.


To read the full story, subscribe now for just Rs 249 per month.

What do you get on Business Standard Premium?


either







Dear reader,

Business Standard has always worked hard to provide updated information and commentary on events that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even during these difficult times arising out of COVID-19, we are committed to keeping you informed and updated with relevant news, authoritative views and sharp comments on relevant relevant issues.
However, we have a request.

As we grapple with the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. Subscribing to more of our online content can only help us achieve our goals of providing you with better and more relevant content. We believe in independent, unbiased and credible journalism. Your support through more subscriptions can help us practice the journalism we’re committed to.

support quality journalism and Subscribe to Business Standard,

digital editor

First published: The Sun, 31 July 2022. 22:30 IST

See also  LP Building Solutions Completes Sales of Engineered Wood Products Business and SolidStartĀ® Brand to Pacific Woodtech