Government puts in place additional measures to improve financial health of Discoms with streamlining the process of accounting, reporting, billing and payment of subsidy by States to the Distribution Companies. The measures come in the wake of the need for a framework for sustainability of the sector and the fact that improper and non-transparent accounting as well as non-payment or delayed payment of subsidy announced by the States is one of the reasons for financial distress of Discoms. The Ministry of Power notified rules on 26th July,23.
Improper and non-transparent accounting, as well as non-payment or delayed payment of subsidy, is one of the reasons for the financial distress of discoms, the power ministry said. PIB
https://www.pib.gov.in/PressReleasePage.aspx?PRID=1944122
