India's Power Minister warns states offering free electricity risk debt traps due to loans for populist schemes.
India's Power Minister RK Singh warns states providing free electricity, like Punjab, risk debt traps due to borrowing for populist schemes. Free power schemes require funding, and borrowing for these can strain finances and limit funds for infrastructure development. States must ensure they can pay for electricity generation before committing to free power, as the burden of repaying loans may be passed on to future generations.
April 07, 2024
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