Delhi: Power ministry’s meeting with Reserve Bank of India on the revised RBI norms for bad loans scheduled for today has been postponed.
“It (the meeting) has been postponed. (The meeting will take place) some other day,” Power Minister R K Singh told reporters on the sidelines of a function.
The ministry had earlier approached the central bank seeking relaxation from stringent RBI norms for the power sector, a source said.
The minister further said the government was also planning to bid out about 40,000-50,000 MW of renewable power this year.
Reserve Bank had come out with ‘Resolution of Stressed Assets-Revised Framework’ on February 12, 2018.