Where Does India’s Rooftop Solar Market Stand Since COVID-19 Lockdown?
India's rooftop solar industry has started recovering steadily from the adverse effects of the COVID-19 pandemic, with the country returning to normalcy following the easing of lockdown restrictions in phases ...
REC Earmarks ₹27.9 Billion Loan to Help Jammu and Kashmir DISCOM With its Dues
REC Limited has approved a ₹27.9 billion (~$380.9 million) loan to the Jammu Kashmir Power Corporation Limited (JKPCL) under the liquidity infusion program of the Indian Government’s Aatmanirbhar Bharat initiative. The ...
Power Finance Corporation Releases ₹306 Billion as Part of DISCOMs’ Liquidity Package
The Power Finance Corporation Limited (PFC) has approved ₹306.07 billion (~$4.09 billion) as of July 31, 2020, as part of the liquidity package announced by the government for eligible distribution ...
Over ₹300 Billion Released by REC Under DISCOMs’ Liquidity Package
REC Limited, formerly called the Rural Electrification Corporation Limited, reported that it had sanctioned over ₹300 billion (~$4 billion) to distribution companies (DISCOMs) in the country as of July 31, ...
Government to Inject ₹900 Billion to Help Ailing Power DISCOMs Amid Coronavirus Crisis
In a press conference in New Delhi, Finance Minister Nirmala Sitaraman announced that power distribution companies (DISCOMs) would receive ₹900 billion (~$12.03 billion) as part of the Government of India’s ...
To Ensure Liquidity During COVID-19 Lockdown, RBI Reduces Reverse Repo Rate to 3.75%
As the country fights against the Coronavirus (COVID-19) outbreak by staying home, the Reserve Bank of India (RBI) has announced the second round of monetary measures to help boost the ...
CERC: DISCOMs to Pay Reduced Late Payment Surcharge Amid COVID-19 Outbreak
Given the ongoing lockdown in the country caused by Coronavirus (COVID-19), the Central Electricity of Regulatory Commission (CERC) has reduced the rate for late payment surcharge (LPS) payable by distribution ...
RBI Cuts Repo Rate to 4.4% to Boost Economic Activity Amid Coronavirus Pandemic
As the country grapples with the Coronavirus (COVID-19) outbreak, the Reserve Bank of India (RBI) today announced that the repo rate has been reduced by 75 basis points (bps) to ...