India plans financial aid for struggling state power utilities
India is evaluating a financial assistance plan for debt-laden state-run power distribution companies (DISCOMs) to maintain sector stability amid growing electricity demand, according to a Ministry of Power document cited by Reuters. A ministerial panel has been set up to determine which states require urgent funding, develop a fiscal discipline framework to prevent further debt accumulation, and explore ways to attract private investment. If approved, this would be the first federal financial intervention since 2021,…