{"id":355725,"date":"2020-06-05T10:36:23","date_gmt":"2020-06-05T05:06:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=355725"},"modified":"2020-06-05T10:36:23","modified_gmt":"2020-06-05T05:06:23","slug":"%e2%82%b990k-cr-relief-package-for-discoms-stalls-as-states-shy-away-from-guarantees","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/%e2%82%b990k-cr-relief-package-for-discoms-stalls-as-states-shy-away-from-guarantees\/","title":{"rendered":"\u20b990k cr relief package for discoms stalls as states shy away from guarantees"},"content":{"rendered":"<p>MUMBAI: The government\u2019s \u20b990,000 crore liquidity boosting plan for cash-starved electricity utilities has stalled as state governments hesitate to give guarantees.<\/p>\n<p>Power Finance Corporation and its subsidiary REC Ltd, which are supposed to disburse the relief package to state-owned electricity distribution companies (discoms), have found that that state governments are reluctant to sign the dotted line on standing guaranteeing to loans and implementing the mandatory reforms.<\/p>\n<p>&#8220;The (power) ministry has been clear that we must lend only if the state guarantees the loan,&#8221; a senior executive at Power Finance Corporation (PFC) told Mint on condition of anonymity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: The government\u2019s \u20b990,000 crore liquidity boosting plan for cash-starved electricity utilities has stalled as state governments hesitate to give guarantees. Power Finance Corporation and its subsidiary REC Ltd, which are supposed to disburse the relief package to state-owned electricity distribution companies (discoms), have found that that state governments are reluctant to sign the dotted line on standing guaranteeing to loans and implementing the mandatory reforms. &#8220;The (power) ministry has been clear that we must lend only if the state guarantees the loan,&#8221; a senior executive at Power Finance Corporation (PFC) told Mint on condition of anonymity.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-355725","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=355725"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355725\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=355725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=355725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=355725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}