KNOWLEDGE SIR

RBI on board in empower panel meeting on stressed power assets: Minister  BY  KNOWLEDGE SAI ·,  JANUARY 10, 2019 The Reserve Bank has been invited to attend the meeting of the empowered committee for resolution of stressed power assets to be held on August 31, Union minister R K Singh said today. The government last month set up the committee chaired by Cabinet Secretary with representatives from ministries of railways, finance, power, and coal, and lenders having major exposure to the power sector.  On RBI's role in resolution process, the Union power minister said, "RBI has been called to atten ..  this meeting on August 31. Stressed power assets worth around Rs 1.74 lakh crore are feared to undergo bankruptcy proceedings after the Allahabad High Court on Monday refused to give any interim-relief to private power companies from the RBI's February 12 circular on new NPA framework.  The high court also suggested that the power m...