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Can UDAY succeed in reviving cash-starved discoms?

The government last week tried to usher in a Diwali for the power sector by announcing a scheme called Ujwal Discom Assurance Yojana (UDAY, which seeks to improve the finances of the loss making power distribution companies (Discoms)
Cabinet to take up discom resolution on Thursday: Sources

The power ministry is working on a proposal to deal with over Rs 4 lakh crore loans of power distribution companies with a view to bring down their liabilities.

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