The government has set up a high-level committee headed by NITI Aayog chief executive Amitabh Kant to address the problem of stressed assets in India’s power sector.
Non-performing assets (NPAs) in power generation accounted for around 5.9% of the banking sector’s total outstanding advances of Rs4.73 trillion, according to the second volume of the Economic Survey 2016-17.
Government- sets up a high-level committee– headed by NITI Aayog chief executive Amitabh Kant- to address NPAs in India’s power sector.
Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
- NITI- National Institution for Transforming India.
- Chairperson- Narendra Modi, Vice Chairperson- Dr. Rajiv Kumar.