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ICRA Keeps Power Distribution Sector on Negative Watch as Discom Debt Mounts

ICRA Keeps Power Distribution Sector on Negative Watch as Discom Debt Mounts

The rating agency further expects the Supreme Court’s recent directive for all state electricity regulatory commissions to liquidate legacy regulatory assets will trigger steep tariff hikes across several states, necessitating state government support for effective implementation. Rating agency ICRA has retained a negative outlook on India’s power distribution sector, citing weak operational efficiencies, inadequate tariff...

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Cabinet Clears ₹76.16 Billion Road and Rail Projects to Boost Eastern India’s Connectivity

Cabinet Clears ₹76.16 Billion Road and Rail Projects to Boost Eastern India’s Connectivity

This includes doubling the Bhagalpur-Dumka-Rampurhat rail line and cutting travel time on the Mokama-Munger highway to just 90 minutes. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved two major infrastructure projects in eastern India—one road and one rail—under the PM-Gati Shakti National Master Plan. Together, the projects are...