Finance Minister Arun Jaitley on Saturday said the Government will now look into the issues being faced by the power sector, after having taken steps to pull the highways and steel sectors out of distress.
“We've taken some steps to pull out highways and steel sectors out of distress. Now something needs to be done on stalled projects and most important is to improve the health of the power sector,” he said at the Credia-Bankcon summit.
The minister also said the main challenge in the power sector is at the last mile as many discoms are in distress.
"Discoms in some states are in distress mainly due to their policy of not charging consumers for the cost of power, making the discoms dependent on bank loans. Banks cannot indefinitely fund them to subsidise consumers for political reasons.”