Would UDAY brighten up Rajasthan finances?
Date
2019
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Abstract
The paper analyzes the aggregate picture of the finances of Rajasthan, taking the power sector into consideration: Ujjwal DISCOM Assurance Yojana (UDAY) is the financial turnaround and revival package for electricity distribution companies of India (DISCOMs) initiated by the Government of India. Rajasthan accounts for 5.66 per cent of the total population of the country, with a low per capita income. It has made significant progress in social sector development and reduced the level of poverty in recent decades. Although the State has managed its fiscal deficit well, power sector finances continue to be a significant drag on its fiscal resources.
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Keywords
FISCAL POLICY, FINANCIAL POLICY, ACCOUNTABILITY, ENERGY POLICY, PUBLIC EXPENDITURE, DEBT, DEFICIT, ECONOMIC ANALYSIS, RAJASTHAN, INDIA, SOUTH ASIA