The Power Finance Corporation and the Rural Electrification Corporation will together infuse Rs 90,000 crore to all the discoms, she said.
Expressing concern over the state of power discoms, Finance Minister Nirmala Sitharaman on May 13 announced an emergency liquidity injection of Rs 90,000 crore for the ailing sector.
While laying out the blueprint of the economic package announced by PM Modi, Sitharaman said: "The discoms are facing unprecedented cash flow problems. They desperately need help, otherwise they will be unable to the power generating companies. The Power Finance Corporation and the Rural Electrification Corporation will together infuse Rs 90,000 crore to all the DISCOMS against all the receivables that they have."
Not only will the move enable them to pay generation companies, it will eventually pass on the benefits to customers, the FM said.
Frequently Asked Questions
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.
Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.
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