Govt sets up key committee on stressed power projects
The committee on stressed power projects will be headed by cabinet secretary P.K. Sinha, who was earlier India's power secretary
New Delhi: In an attempt to resolve the vexed issue of stressed power projects, the National Democratic Alliance (NDA) government has set up an empowered committee headed by cabinet secretary P.K. Sinha, who was earlier India’s power secretary. This comes in the backdrop of non-performing assets (NPAs) in power generation accounting for around 5.9% of the banking sector’s total outstanding advances of ₹ 4.73 trillion, according to the second volume of the Economic Survey 2016-17 released in August.