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Will Rs 90K-crore infusion ease pressure on cash-strapped power distributors?

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FM Nirmala Sitharaman announced Tuesday that Power Finance Corporation and Rural Electrification Corporation will infuse one-time liquidity of Rs 90,000 crore to discoms against their receivables. The loans will be given against state guarantees for exclusive purpose of discharging liabilities of discoms to generation companies. ET Consulting Editor TK Arun shares his views on whether this injection will provide any long-term support for the cash-desperate power distribution utilities. (Text: ET Online)

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