MW woes: India needs a national discom
It is a curious phenomenon. Problematic issues in the political economy seem to be governed by a peculiar circle of governance. Every few years a problem ostensibly resolved returns to haunt the political economy and the issues enveloping the issue are veritably the same.On January 18, 2012, Dr Manmohan Singh, the then prime minister, met with industry bigwigs of the power sector. Over `2 lakh crore of public monies were locked in stranded projects hit by poor fuel linkage, clearances and payment dues from debt-laden state electricity boards. The projects were on RBI’s list of stressed assets as early as in December 2011. A committee was tasked with chalking out 30-day, 60-day and 90-day plans to resolve issues. A series of meetings and sta.....