Cabinet Clears Rs 2 Lakh Crores Debt Restructuring for Power Companies

Finally the government has bit the bullet and has agreed for a massive Rupees 2 lakh crore (approx US$ 35 billion) debt restructuring for power companies.  But hang on, is this the magic bullet that the Electricity Boards were waiting for?  Actually, the devil is in the details. Though the Central Government has agreed for…