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Power Infra Improving, But Debt Is A Problem

BUSINESS ECONOMICS

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September 1-15, 2019

Absence of electricity has been an inherent feature of rural India.

- Kuntala Sarkar

Power Infra Improving, But Debt Is A Problem

It has led to low infrastructure and poor communication services in rural India. However, according to government reports, the situation has improved in the last few years. Electricity production in India reached its highest level of 117047 GWh in May, 2019.

According to Government of India, power Ministry of Power, one lakh Mega Watt (MW) generation capacity has been added for expansion of the transmission grid by more than one lakh circuit kilometre (CKM) till date in 2019.

Government-owned power companies like National Thermal Power Corporation, Damodar Valley Corporation, National Hydroelectric Power Corporation and Nuclear Power Corporation of India are contributing heavily in this expansion. The government is also looking to promote the usage of electric vehicles and the success of this move depends on a seamless power generation and distribution process.

Additionally, the government is looking to promote the usage of LED bulbs to cut down electricity consumption. The 2019 Budget referring to the UJALA Yojana proposed, “A programme of mass scaling up of LED bulbs for widespread distribution at the household level was taken up resulting in massive replacement of incandescent bulbs and CFLs. Approximately, 35 crore LED bulbs have been distributed under UJALA Yojana leading to cost saving of 18,341 crore annually.”

Growth in renewables

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The rupee has weakened significantly over the past year, falling from 84.7 to 89.7 against the US dollar. Its depreciation has been even sharper against the euro (9.4 per cent) and the British pound (14.3 per cent). It has also lost value against the Japanese yen and the Chinese yuan. In nominal terms, therefore, the rupee has depreciated against all major global currencies.

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A New Crisis: Impact of US Tariff hikes on UP's Industries

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Nobel Prize in Physiology or Medicine 2025 Significance of the Laureates' Work in the Medical World

Mary E. Brunkow, Fred Ramsdell, and Shimon Sakaguchi have been awarded the 2025 Nobel Prize in Physiology or Medicine for their pioneering discoveries on peripheral immune tolerance—the mechanisms that prevent the immune system from attacking the body’s own tissues.

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The RBI's Balancing Act: Strategy and Execution in 2025

In 2025, the Reserve Bank of India (RBI) has adopted a cautious yet steady monetary policy, distinguishing itself from the more aggressive actions of several global central banks.

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From stagnation to surge: 10 reasons the Indian market rallied hard

The Indian stock market spent most of 2025 moving sideways in a narrow and frustrating band.

time to read

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Uttar Pradesh witnesses renovations of pilgrimage sites propelling multi-dimensional growth

Last month, Prime Minister Narendra Modi ceremonially hoisted the saffron flag, the Dharma Dhwaj, atop the Ram Temple in Ayodhya, marking the completion of the temple's construction.

time to read

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