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Power sector revival requires structural changes: Brickwork ratings

Power sector revival requires structural changes: Brickwork ratings April 16, 2021 Around 60 GW thermal power capacity under stress The revival of the country’s power sector requires meaningful structural changes, targeting an improvement in the operational efficiency, a reduction in cross-subsidies and cost-reflective tariffs. According to Vipula Sharma, Director, Brickworks Ratings, in their sectoral report, “The power sector has been one of the major contributors to banks’ increasing NPA issue, with nearly 60 GW of thermal capacity currently being under stress.” Meeting peak demand Given the lack of storage facilities for renewable energy in the country, it is still not in a position to meet peak demand. Although SECI has been experimenting with hybrid and round-the-clock projects, their track record in meeting peak demand is yet to be seen.

Crisil revises FY21 GDP contraction projection to 7 7 per cent on higher eco activity

Crisil revises FY21 GDP contraction projection to 7.7 per cent on higher eco activity After its initial expectation of 9.5 per cent GDP contraction in FY21, the Reserve Bank revised up its estimate to 7.5 per cent earlier this month. Share Via Email   |  A+A A- By PTI MUMBAI: Ratings agency Crisil on Monday revised upwards its FY21 GDP contraction estimate to 7.7 per cent from the earlier expectation of 9 per cent, and termed lower government spending as a constraint for growth. The agency, which is a unit of Standard & Poor s, said a faster than expected revival in the economic activity in the second quarter, which continued in the festival season, is the prime reason for the upward revision in its estimate.

Crisil Revises FY21 GDP Contraction Projection to 7 7% on Higher Economic Activity

Crisil Revises FY21 GDP Contraction Projection to 7 7% on Higher Economic Activity
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