Govt hopes RBI will tread middle path on stressed power assets issue

In the backdrop of the Allahabad High Court’s decision to not grant relief to privately-owned stressed power projects from the Reserve Bank of India’s (RBI) February 12 order, the government and the central bank are trying to find a solution before the projects go for insolvency proceedings.  A high-level empowered committee headed by Cabinet Secretary PK Sinha will meet on Friday to take a call on issues related to the stressed power assets that the government plans to take up with the central bank. Moreover, the finance ministry and the RBI are keeping informal c.....

Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.