Energy is fundamental to meeting India's economic aspirations. However, the poor financial management of India’s discoms (distribution companies), particularly in the State of Tamil Nadu, calls for immediate reforms in the sector.
In July this year, the State government announced a hike in the power tariff for 3 crore consumers of the Tamil Nadu Generation and Distribution Corporation (Tangedco). Domestic consumers, MSMEs and power looms have strongly objected to what they call an ‘unsystematic’ hike, the first in nearly eight years.
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