Shine india monthly magazine Published this article page no 85 Reforms proposed A digital payments facility by DISCOMs for consumers liquidation of outstanding dues of State Governments and a Plan to reduce financial and operational losses. Policy Reforms Recommended for Power Distribution Companies (DISCOMs) o Tariff Policy laying out the following reforms will be released Protecting Consumer Rights by stating of Standards of Service and associated penalties for DISCOMs. Promoting Industry by progressive reduction in cross subsidization of commercial and residential supply and time bound grant of open access to the grid. Force majeure is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties such as a war strike riot crime or epidemic occurs. Credit Linked Subsidy Scheme (CLSS) is a component of PMAY under which not only economically weaker sections but also middleincome groups can avail of home loans at reduced EMIs. CLSS for Middle Income Group (Annual Income Rs. 6–18 lakhs) was operationalized from May 2017. Scheme has benefitted almost 3.3 lakh middle class families till date. 85 Ensuring sustainability of the sector by ensuring that there are minimal Regulatory Assets timely payment to Power Generating Companies and installation of Smart prepaid meters. o Privatization of Distribution in Union Territories (UTs) This will lead to better service for consumers and improvement in operational and financial efficiency of Distribution. Also this could provide a model for emulation by other Utilities across the country. Banking Shine india monthly magazine buy.
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