At present, the central government has given leeway to discoms for paying dues to gencos in view of the lockdown to contain COVID-19 across the country

India's plan to screen foreign direct investments from neighbouring countries has Chinese firms concerned that such scrutiny will affect their projects and delay deals in one of Asia's most lucrative investment markets; As the government chalks out plan to bring the economy back on track, Confederation of Indian Industries (CII) has recommended several measures, including reduction in cost of transportation and logistics, privatisation of discoms, availability of long-term credits, ease of doing business, simplification of taxation and labour market reforms; As lockdown completes a month, clamour for a stimulus package has picked up with various sectors asking the government for help as the economy comes to a standstill. The government is now looking at various options to help businesses, especially MSMEs. Watch this and more on News Blast.Also Read: Coronavirus impact: Over 29 lakh jobs at risk in Indian aviation, says IATA

CII calls for smoother tax regime, ease of doing biz to revive economyAs the government chalks out plan to bring the economy back on track, Confederation of Indian Industries (CII) has recommended several measures, including reduction in cost of transportation and logistics, privatisation of discoms, availability of long-term credits, ease of doing business, simplification of taxation and labour market reforms. The apex industry body has suggested actions to be taken in the short ...

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Structural reforms are urgently required for reducing the cost of doing business as well as to renew confidence in the economy and support the recovery in the medium-term, says CII

With changing global equations in the wake of coronavirus, political leaders and economists believe India will benefit

The bill seeks to set up an Electricity Contract Enforcement Authority (ECEA) having power of a civil court to settle disputes related to power purchase agreement between power generation companies and distribution companies

It said that the liquidity crunch of discoms is likely to worsen during and post the lockdown, and the gap may grow by 20-25 percent. The sector is likely to require significant transition financing to mitigate the impact

India's per capita power consumption, about 1149 kilowatt-hour (kWh), is among the lowest in the world. In comparison, the world's per capita consumption is 3600 kWh

Tata Power has requested the states to pass the additional fuel cost to customers or face complete power shutdown; barring Gujarat, no other state has approved the revised tariff hike

States are facing a funds crunch. As GST revenues moderate and fiscal deficits balloon, they must look for new sources of revenue to fund welfare schemes and infrastructure needs

Discoms in Rajasthan, Uttar Pradesh, Jammu & Kashmir, Telangana, Andhra Pradesh, Karnataka and Tamil Nadu account for the major portion of dues to power gencos.

Budget 2020: In today's speech, the FM broke her own record and delivered the longest Union Budget speech, which was 159 minutes long

Budget 2020: 'Flowery language and high-sounding words and platitudes are meaningless,' Rajya Sabha MP Anand Sharma said

Budget 2020: Power minister RK Singh said that they have discussed the new UDAY scheme and expect it to find place in the budget

Budget 2020: Total outstanding dues owed by distribution companies spiked 45 per cent to Rs 81,085 crore in November 2019 over the same month previous year, reflecting stress in the sector

Growth cannot come by merely pushing people to move fast and requires a transformative vision and a change in the culture, the head of the $110-billion conglomerate said, delivering the Nani Palkhivala Memorial Lecture

At around 7.30 a.m. ET (1230 GMT) cell phone users across Ontario received an alert about the supposed incident at the Pickering plant. Less than an hour later the Ontario Power Generation authority said the message had been a mistake

Coal mining sector: The move is likely to create an efficient energy market and bring in more competition as well as reduce coal imports

Distribution companies (discoms) owed a total of Rs 54,834 crore to power generation companies in November 2018, according to portal PRAAPTI