iPhone | iPad
Android
Huawei
Eight teams will compete in this groundbreaking event and more than 10,000 spectators are expected to witness the inaugural edition
KT APPDOWNLOAD
India eyes easing debt loads of state power distributors
India on Tuesday said it is eyeing a bailout for state electricity distributors saddled with 1.9 trillion rupees ($34.5 billion) in debt and increasingly unable to pay for new supplies as they sell power below cost and lose much to theft.
State governments would be asked to take half the debt load from the companies with the federal government offering to pay them subsidies to help retire a quarter of that amount over time, India’s power secretary P. Uma Shankar told reporters.
The lenders, many of which are government-owned banks, would be asked to restructure payments on the remainder of the debt to free up cash flow for the distributors, Shankar said.
India, facing chronic power shortages, plans to add 88,000 megawatts (MW) capacity to its existing 200,000 MW in the next five years. But analysts say failure to charge the full price for electricity is unsustainable with rising costs for fuel.
States would need to agree to the proposal for it be implemented.
More news from
Robust performance acknowledged at its annual general meeting
Israel has baulked at a permanent ceasefire, saying that would only allow Hamas to regroup
Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, presented the awards to the winners in various categories
Apart from the road network, the exclusive island will feature a helipad, and plans are afoot to connect it through waterways from Abu Dhabi and Dubai
Move aims to deepen multi-sectoral cooperation
The new development is setting new benchmarks in luxury living, combining opulent amenities with breathtaking natural landscapes
