Central public sector undertakings are expected to get Rs 17,000-crore bonds from states under the one-time settlement scheme, despite outstandings of Rs 42,000 crore, because of exemptions and discounts being given to states as part of the scheme.
Of the Rs 42,000 crore owed by state electricity boards (SEBs) to central public sector undertakings till September 2001, Rs 26,000 crore is principal and Rs 16,000 crore interest component.
With the partial write-off of 60 per cent of the interest amount, specified by the Montek Singh Ahluwalia committee-formulated scheme, central public sector undertakings stood to lose Rs 9,600 crore from the interest amount, power ministry officials said.
A string of other exemptions, including a bi-annual incentive for states
