UDAY was not a failure, successive scheme might be announced in Budget: RK Singh
New Delhi: Power and renewable energy minister RK Singh on Monday said the Ujwal Discom Assurance Yojna ( UDAY) was not a failure, as it reduced average commercial losses of distribution companies. He also said a successive scheme for revival of the utilities may be announced in the Union Budget later this week.
“We have discussed the new (UDAY) scheme with finance ministry. We expect it to find a place in the Budget,” said Singh on the sidelines of the listing ceremony of the $750-million international bond of Power Finance Corporation (PFC) on the NSE.
