Govt To Soon Release Tariff Policy With Focus On Consumer Rights, Sustainability Of Power Sector: FM Sitharaman

Govt To Soon Release Tariff Policy With Focus On Consumer Rights, Sustainability Of Power Sector: FM SitharamanThe Uttar Pradesh power sector is set for new investments. (Tim Boyle via Getty Images)

Finance Minister Nirmala Sitharaman on Saturday (16 May) began her fourth tranche of announcements pertaining to the Rs 20 lakh crore economic package under Atmanirbhar Bharat vision.

FM Nirmala Sitharaman said that structural reforms will be the focus of fourth tranche of economic stimulus package with an aim to boost growth, create jobs in the country.

She said that a Tariff Policy laying out the reforms in Consumer Rights, Promote Industry, Sustainability of Sector will be brought.

She further said that the inefficiency of DISCOMS will not become a burden on consumers.

She further announced privatisation of Discoms in all union territories, while stating that PPP model in electricity distribution would be considered for several states.