Is UDAY scheme successful?
In terms of other parameters too, the scheme has been relatively successful although the stiff targets could not be met. The discoms started being less intent on sticking to the UDAY mandate since FY19. The scheme allowed parts of discom losses to be absorbed by the states with FRBM forbearance.
Why did UDAY scheme fail?
UDAY sought to instil financial discipline and restructure debt but the scheme has failed to tackle the underlying issues in the sector. Hindered by underpriced electricity, inadequate subsidy payments and long-term purchase agreements with generation companies, discoms continue to struggle in raising revenues.
What is the purpose of UDAY scheme?
The UDAY scheme aims to completely ramp up the levels of operational efficiency of DISCOMs through various technological and infrastructure upgrades, the installation of smart meters, ensuring that feeder separators are in place etc. It also looks to ensure the accurate collection of data and analysis of the same.
Is Piyush A Goyal?
Piyush Goyal was an all-India second rank holder in CA Final Chartered Accountant and second rank holder in Law in Mumbai University.
What is the full form of UDAY?
Scheme objectives Ministry of Power, GoI launched Ujwal DISCOM Assurance Yojana (UDAY) which was approved by Union Cabinet on 5th November, 2015.
What is ACS arr gap?
The gap between the revenue and cost per unit/kWh is one of the critical performance parameters for power distribution companies. According to the data released by the Ministry of Power, the ACS-ARR gap narrowed in 18 states/union territories between financial year (FY) 2016 to FY 2020.
What is the meaning of DISCOMs?
distribution company
Noun. discom (plural discoms) (India) Acronym of distribution company. especially an electricity distribution company.
What is Uday scheme Upsc?
Ujwal DISCOM Assurance Yojana, commonly called UDAY was first launched in 2015 under the Ministry of Power. Therefore, to fill these gaps and further prevent any losses, the Government of India (GOI) approved UDAY in order to improve the working of DISCOMS thus ensuring 24×7 power supply to all.
What is DISCOMs Upsc?
Distribution is done by the Distribution Companies (DISCOMs) which connect power producers to the households. They are the interface between utilities and the consumers. Government of India provides assistance to states through various Central Sector / centrally sponsored schemes for improving the distribution sector.
Who is Piyush Sourav Joshi vlog?
He is the younger brother of renowned YouTuber Sourav Joshi. He became famous at such a young age. Piyush is among the essential sections of Sourav’s vlogs. He has his own Instagram account, and it has got 69.6k followers over there.
Who is Piyush Goyal wife?
Seema Goyal
Piyush Goyal/Wife
Union Minister Piyush Goyal is celebrating his 30th wedding anniversary on December 1, 2021. Goyal, who has multiple portfolios with him including Commerce and Industry Ministry, is married to social worker Seema Goyal.