Eight states have issued bonds worth over Rs.98,959.96 crore underUDAY Bonds scheme in 2015-16, which is aimed at improving operational and financial efficiency of state power distribution companies.
As part of the scheme, Reserve Bank had issued the special bonds (non-SLR special securities) on behalf of eight state governments in the last fiscal, according to a Reserve Bank of India statement.
The Power Ministry had unveiled UDAY (Ujwal DISCOM Assurance Yojana) on November 20, 2015.
The scheme is expected to help discoms save about Rs. 1.8 lakh crore in the next three years. The cumulative debt of discoms is Rs 4.37 lakh crore.
These securities have been issued by the state governments under the Government Securities Act, 2006 and are eligible for market repo, RBI added.
SWACHH BHARAT MISSION Prime Minister Narendra Modi launched the Swachh Bharat Mission (SBM) on October 2, 2014, the birth anniversary of Mahatma Gandhi. The ambitious programme aims to make the streets, roads and infrastructure across the country clean by October 02, 2019, the 150 th birth anniversary of the Father of the Nation. It is India’s biggest ever cleanliness drive. The relevance of the Swachh Bharat Mission Sanitation has emerged as a key issue since the 2011 Census highlighted e glaring data on lack of toilets in the country by stating that over 26 million people in India defecate in the open. Launched with an estimated cost of around Rs 62,009 crore, Swachh Bharat Mission aims to achieve the elimination of open defecation in the country. Among its other objectives are conversion of insanitary toilets to pour flush toilets, putting an end to the inhuman practice of manual scavenging and carrying out Municipal Solid Waste Management (MSWM). Involvem...
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