Prime Minister Narendra Modi-led cabinet took several key decisions on a range of issues on Thursday. Finance Minister Arun Jaitley announced the decisions in a press briefing.
The Union Cabinet Thursday approved recommendations of a group of ministers (GoM) relating to stressed power projects including grant of coal linkage for short-term power purchase agreements (PPAs).
The recommendations approved include grant of coal linkage for short-term PPAs, allowing existing coal linkage to be used in case of termination of PPAs due to payment default by distribution companies and procurement of bulk power by a modal agency against pre-declared linkages. Read more
