An autonomous research institute under the Ministry of Finance


Would UDAY Brighten up Rajasthan Finances?

Publication date

Mar, 2018


NIPFP Working Paper No. 211


Pinaki Chakraborty, Manish Gupta and Lekha Chakraborty


Ujwal DISCOM Assurance Yojana (UDAY) required a number of State governments to take over debt of power distribution companies in their books of accounts. Though this one time intervention made both debt and deficit measures more comprehensive, this has raised many challenges including comparability of deficit across States and long run fiscal implications of power sector debt on State finances.
Keywords: Power distribution companies, debt restructuring, deficits, Rajasthan
JEL Codes: H72, H74, H77, H81


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