Liquidity infusion in DISCOMS
I t is a matter of great satisfaction that the Rs. 90000 crore liquidity infusion into cash starved DISCOMS of the country under The Atmanirbhar Bharat Abhiyan Scheme as announced by the Union Finance Minister is being availed of by the Union Territory to bail out Jammu and Kashmir Power Development Department of its mounting power liability of Rs.11025 crore. Although the scheme is primarily helping those distribution companies (DISCOMS) which faced demand slump due to the unprecedented crisis of COVID-19 pandemic to pay off their outstanding liabilities, the liabilities outstanding against the Jammu and Kashmir PDD and allied power agencies are fundamentally on account of non – realisation, delayed realisation, staggered realisation and even less realisation of power tariff from the consumers. However, the loan assistance was going to vastly help the UT of Jammu and Kashmir in squaring off its huge power liabilities. The preliminaries in respect of the total amount receivable having already been completed under usual guidelines would pave the way for releasing of other tranches, the first of which amounting to Rs.5580 is in the offing of being received by the Government. With this infusion, the liabilities outstanding as at the end of the second quarter of the year of over Rs.11000 crore would hopefully be cleared . So far so good, the question is what after the full clearance of the current liabilities roadmap has to be prepared to atleast achieve a