Eight of the 10 states that have signed up for UDAY are reluctant to increase power tariff
Instruments issued by eight states that have accumulated liability of Rs 2,05,010 cr as on September 30, 2015
Bonds can be used as an eligible security to borrow from the RBI.
Industry suggests smart metering to cut discom losses
J&K is the ninth state to join UDAY
With this, Rs 1.94 crore debt, or 45% of total outstanding debt of discoms in the country, is covered under the UDAY scheme
Uttar Pradesh, Bihar, Rajasthan, Gujarat, Jharkhand and Chhattisgarh have already signed the agreement to join the scheme