{"id":30576,"date":"2018-10-26T16:49:24","date_gmt":"2018-10-26T11:19:24","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=30576"},"modified":"2018-10-26T16:49:24","modified_gmt":"2018-10-26T11:19:24","slug":"rbi-norms-may-push-power-projects-worth-%e2%82%b92-5-lakh-crore-into-bankruptcy","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rbi-norms-may-push-power-projects-worth-%e2%82%b92-5-lakh-crore-into-bankruptcy\/","title":{"rendered":"\u2018RBI norms may push power projects worth \u20b92.5 lakh crore into bankruptcy\u2019"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/Industry\/rbi-norms-may-push-power-projects-worth-25-lakh-crore-into-bankruptcy\/article23264170.ece\"><strong>\u2018RBI norms may push power projects worth \u20b92.5 lakh crore into bankruptcy\u2019<\/strong><\/a><\/p>\n<p><strong>Context <\/strong><\/p>\n<p>RBI\u2019s move: The RBI has recently scrapped all loan restructuring programmes and it\u2019s recent guidelines on \u2018Resolution of Stressed Assets \u2014 Revised Framework\u2019 mandates the banks to classify even a day\u2019s delay in debt servicing as default<\/p>\n<p><strong>Impact<\/strong><\/p>\n<p>More than 50,000 MW of stressed power projects, worth more than \u20b92.5 lakh crore, with bank exposure of more than \u20b91.75 lakh crore, are likely to face bankruptcy proceedings<\/p>\n<p><strong>What are the underlying problems that need to be resolved?<\/strong><\/p>\n<p>Underlying stress factors include,<\/p>\n<ul>\n<li>Resolution of change in law cases<\/li>\n<li>Coal supply and its restrictive usage policy<\/li>\n<li>Absence of power offtake agreements<\/li>\n<\/ul>\n<p><strong>Government\u2019s response<\/strong><\/p>\n<p>The government has called for a high-level meeting of all the stakeholders, including public and private sector power firms, lenders, coal suppliers and railways on Friday to discuss the gravity of the situation<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018RBI norms may push power projects worth \u20b92.5 lakh crore into bankruptcy\u2019 Context RBI\u2019s move: The RBI has recently scrapped all loan restructuring programmes and it\u2019s recent guidelines on \u2018Resolution of Stressed Assets \u2014 Revised Framework\u2019 mandates the banks to classify even a day\u2019s delay in debt servicing as default Impact More than 50,000 MW&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rbi-norms-may-push-power-projects-worth-%e2%82%b92-5-lakh-crore-into-bankruptcy\/\">Continue reading <span class=\"screen-reader-text\">\u2018RBI norms may push power projects worth \u20b92.5 lakh crore into bankruptcy\u2019<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-30576","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704827229},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=30576"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30576\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=30576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=30576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=30576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}