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5 tweets,
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“This debt will reach Rs 2.6 lakh crore ($37 billion) by 2020, according to a May 2019 study by Crisil. When that happens, the debt will be the same as in 2015, which is when the Ujwal DISCOM Assurance Yojana (UDAY), the government’s bailout programme for DISCOMs, began.”
$37 billion of debt owed to banks from discoms having little capacity to repay it! And Indian bankers keep saying we are near the bottom.
And a lot of those outlays are also funded with debt... 
The price of popularity will be paid by us through increased taxes.
In my view, there is only one direction in which taxes and electricity prices are headed. Up. Am I being too pessimistic?
