New budget 2023 unveils groundbreaking plan for state power distribution companies

In a major development for India’s power sector, the Union Budget 2023 has announced an innovative approach for state-owned power distribution companies (Discoms). The government’s aim is to bring about significant improvements in the financial performance of these Discoms and enhance their operational efficiency. Finance Minister Nirmala Sitharaman, while presenting the budget in Parliament, stated…

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