Anil Sardana, MD, Tata Power
We hope the Budget will attempt to address the issue of improving the flow of funds by revising the sectoral lending limits of banks, including the power sector in any take–out scheme floated by the government, relaxation in RBI’s ECB guidelines for refinance of power projects by increasing the rupee debt percentage and raising the quantum of ECB funds for automatic approval. We urge the government to usher in distribution reforms and include electricity under the purview of GST.
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