Power Minister Piyush Goyal today said bonds worth Rs 1.5-1.75 lakh crore are expected to be issued in the ongoing fiscal.

RBI has also directed banks to categorise existing loans to discoms as non-performing assets, or bad loans, which attract provisioning.

So far, 10 states, including those with heavily indebted discoms like UP, Haryana and Rajasthan, have signed up for the Uday scheme.

Eight states, including Rajasthan, Uttar Pradesh and Bihar, issued bonds worth almost Rs 1 lakh crore in 2015-16 under the UDAY scheme.

Rajasthan issues bonds worth Rs 28,455 crore under Uday scheme to 26 banks at an interest rate of 8.39%. Uttar Pradesh has raised around Rs...

The special securities under UDAY are being issued by governments of Bihar, Haryana, Jammu and Kashmir, Jharkhand, Punjab and Rajasthan.

Centre had launched UDAY scheme in November for revival of power distribution companies across the country, which have cumulative debt of o...

PFC has delayed a major portion of its fundraising plan as it hopes to get around Rs 22,000 crore from states participating in UDAY.

Banks are anxious about the way they will have to account for the mountain of bonds of state-owned power utilities, or discoms.

The use of power sector bonds to pay off bank loans may be a non-starter as banks may not be better off if loans are converted into bonds.

Goyal assured that the state-run PFC and REC will not be forced to buy the bonds to be issued by the respective states under the scheme at ...

The government of India's Ujjwal Discom Assurance Yojna (UDAY) scheme announced on Thursday will not only improve the ability of distributi...

With the debt off their book and states issuing bonds, the interest burden of discoms is expected to come down to 8-9% against 13-14% at pr...

As per the proposal, the state electricity boards of Jharkhand, Bihar and Karnataka will be allowed to convert their outstanding loans, til...

"As soon as Karnataka (government) sends us their response we will send the note to CCEA," an official in the Ministry of Power said.

RBI said on Thursday bonds issued by state power distribution companies will be valued at their current market value, if they are traded an...

"The package is being finalised and the cabinet note is likely to be moved by month-end," a finance ministry official told ET.