Centre agrees to form standing committees for SERC
As part of big ticket reforms in the power sector, the government has proposed to fast track appointment of power sector regulators both at central and state levels by forming permanent standing ion committees presided by Chief Justice of High Court of the state that would oversee and clear all appointments based on merit.The proposal is expected to remove delays in appointments of power sector regulators. Such delays are disastrous for the functioning of the power sector as the absence of regulators results in power tariff not being revised for years resulting in financial stress for discoms and the states.Officials in power ministry said that to prevent such a situation, it had now been proposed that a standing ion committee would be set .....