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Stressed assets to be made national assets

Banks need assistance to complete projects that they have taken over

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Shreya Jai  |  New Delhi 

Data from Uday website show reduction of 4.03 percentage points in aggregate technical and commercial losses in three months as on December 31, 2016. This suggests government may have already achieved its 2018-19 target of reducing losses to 15%
Lack of power demand has hit most of the projects

In a concentrated effort to bail out beleaguered thermal power projects, the Centre is designing a new plan along with banks and the state-owned . For stressed power-generating assets which a bank agrees to take over, has offered to operate them, Power Minister Piyush Goyal told reporters after a daylong meeting with leading bankers.

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First Published: Thu, June 08 2017. 00:06 IST
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