{"id":641072,"date":"2024-04-08T09:38:10","date_gmt":"2024-04-08T04:08:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=641072"},"modified":"2024-04-08T10:41:22","modified_gmt":"2024-04-08T05:11:22","slug":"singh-warns-of-debt-trap-for-using-borrowed-money-to-give-free-electricity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/singh-warns-of-debt-trap-for-using-borrowed-money-to-give-free-electricity\/","title":{"rendered":"Singh warns of debt trap for using borrowed money to give free electricity"},"content":{"rendered":"<p>Power Minister RK Singh has warned of a debt trap for states like Punjab using borrowed money to provide free electricity, saying such populist schemes are fine only if a state has finances. <\/p>\n<p>Electricity, like any other commodity, involves the cost of generating it, and if a state is to provide it for free to a section of consumers, it also needs to have finances to pay the generating utility. If the generating utility isn&#8217;t paid, electricity will not be produced in the first place. <\/p>\n<p>In an interview with PTI, Singh said he has been telling states that electricity is not free.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Minister RK Singh has warned of a debt trap for states like Punjab using borrowed money to provide free electricity, saying such populist schemes are fine only if a state has finances. Electricity, like any other commodity, involves the cost of generating it, and if a state is to provide it for free to a section of consumers, it also needs to have finances to pay the generating utility. If the generating utility isn&#8217;t paid, electricity will not be produced in the first place. In an interview with PTI, Singh said he has been telling states that electricity is [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-641072","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/641072","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=641072"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/641072\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=641072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=641072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=641072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}