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Shunglu report: Can SEBs finally breathe easier?
January 1, 2012January 1, 2012by In Roads & Highways

Shunglu report: Can SEBs finally breathe easier?

Under pressure from banks, who are refusing to lend, state utilities are poring over the new reports by Shunglu and BK Chaturvedi Committees. Is franchise the best way forward, though? At 31 percent, the national average on AT&C losses are unacceptably high. Quantified, this amounts to nearly Rs 70,000 crore of losses, and the Finance Commission fears that this amount will rise to Rs 1.16 lakh crore by 2014-15.