Week that was: Market upbeat as govt action continues

Sat, Sep 29, 2012 at 09:01

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Govt approves SEB debt restructuring: In an effort to boost the ailing power sector, the centre approved restructuring of Rs 1.9 lakh crore debt of State Electricity Boards. According to the scheme, 50 percent of the short-term outstanding liabilities of near-bankrupt discoms will be taken over by state governments.

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