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.

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

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