Piyush Goyal meets power minister RK Singh, firms on stressed projects

The issues discussed in the meeting included the power companies' opposition to RBI's February circular and the Parliamentary panel's views on the new norms

Finance Minister Piyush Goyal held a meeting with Power Minister RK Singh and power companies to discuss issues related to the stressed power assets, in the light of the new Reserve Bank of India (RBI) norms.

The meeting was a follow-up of an order by Allahabad High Court on June 1, which directed the finance ministry to conduct a meeting with stakeholders and work out a possible solution within a month.

Officials said the meeting held on Monday was preliminary and Rajiv Kumar, secretary, Department of Financial Services, was asked to convene a meeting with officials of the RBI, power