Diabytes
UDAY bonds News
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On November 5, 2015, the government of India had approved the UDAY scheme with an objective of financial turnaround of the state power distribution corporations (Discoms).
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Eight states have issued bonds worth over Rs 98,959.96 crore under UDAY Bonds scheme in 2015-16, which is aimed at improving operational and financial efficiency of state power distribution companies
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State governments are likely to run wider fiscal deficit in financial year 2016-17 because of higher interest bill and wage hike pressures, an HSBC report said on Monday.
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Rajasthan has issued Rs 28,455 crore bonds under UDAY scheme, meant for the revival of power distribution companies, to 26 banks at an interest rate of 8.39 percent.
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