Debasish Mishra,
Senior Director,
Deloitte in IndiaÂ
“In the power Distribution segment announcement of Rs 500 crore for “Deen Dayal Upadhyaya Gram Jyoti Yojana” for feeder separation is a good move to improve power supply quality in the rural areas. But the allocation seems to be too little to make any real impact. Extension of 80IA benefit, (10 year tax holiday) to generation, distribution and transmission of power by till March 2017 is a big positive as it gives the investors certainty. Also as banks to be permitted to raise long term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending is also positive for power sector. FM promised coal supply to all existing and power project coming up by March 2015. This is a huge positive for many generation projects stuck because of lack or inadequate coal supply. However, it is not clear how this is going to be achieved.”
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