PANAJI
An additional Rs 44 crore cushion by way of raising debt is available to the State government, which is facing a fiscal bloodbath due to the pandemic, owing to the success of its initiative to reduce power losses.
The Central power ministry had set State targets to close the gap of aggregate technical losses in the power distribution and sale to below 13.53 percent. Goa has brought it down to 11.21 per-cent.
Meeting this target has therefore made Goa eligible to borrow an additional Rs 44 crore, which is approximately 0.01 per cent of the State’s gross domestic product.
Apart from Goa, four more states have earned this distinction -- Bihar, Karnataka, Rajasthan and Uttarakhand.
