‘Karnataka, Goa sign pact to join Uday scheme’

Karnataka and Goa have signed an agreement to join the UDAY scheme meant for the revival of discoms that may result in a total gain of about Rs 4,570 crore to both the states over next 3 years. 

"Karnataka signed UDAY MoU resulting in gains of around Rs 4,300 crore over the next 3 years," Power Minister Piyush Goyal said in a tweet. The minister also said: "Goa signed UDAY MOU in presence of @goaCM. State stands to gain around Rs 270 crore over the next 3 years through UDAY reforms."

 Earlier in the month, the minister had said that Assam is also keen to join the UDAY scheme, which is aimed at reviving the debt-laden power distribution companies.