‘RBI overruled House panel on power NPAs’
Context
The Association of Power Producers has accused the RBI of overruling the Parliamentary standing panel on power and key ministries with its February 12 circular that ended all the existing loan restructuring mechanisms and voted for the insolvency code to resolve stressed assets
What is the demand?
In a March 12 letter to the RBI, the association has requested Governor Urjit Patel to exclude the power sector from the purview of the new rules issued by it
