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Power sector gets a budgetary allocation of Rs15,322 crore.

Finance minister Nirmala Sitharaman on Monday made a budgetary allocation of Rs15,322 crore for the union power ministry for the next financial year, which is 3.48% lower than Rs15874.82 crore that was allocated in the current financial year (2020-21).

Mint reported on 28 January about the proposed allocation, with the highest allocation expected for schemes such as the Integrated Power Development Scheme (IPDS), aimed at ensuring round-the-clock electricity supply, and the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) to provide electricity in rural areas. IPDS and DDUGJY have been allocated Rs5300 crore and Rs3600 crore respectively.

"The distribution companies across the country are monopolies, either government or private. There is a need to provide choice to consumers by promoting competition. A framework will be put in place to give consumers alternatives to choose from among more than one Distribution Company," Sitharaman said while presenting her third union budget at a time, when India’s electricity demand recorded a new high of 189.6 gigawatts (GW) on Saturday.

 

[source: livemint.com, 01/02/2021]


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