31 March 2017 Current Affairs: Kerala, Arunachal Pradesh and Tripura joined the Ujwal DISCOM Assurance Yojana (UDAY) for operational improvement of the Power Utility and for the revival of debt-stressed discoms, taking the total number of states under the scheme to 26.
An overall net benefit of approximately Rs 4,178 crore, Rs 309 crore and Rs 810 crore would accrue to the states of Kerala, Arunachal Pradesh and Tripura respectively, by opting to participate in UDAY, by way of cheaper funds, reduction in AT&C (aggregate technical and commercial) and transmission losses, interventions in energy efficiency, etc during the period of turnaround.
About UDAY:- Full Form : Ujwal DISCOM Assurance Yojana
Mission statement: "Financial turnaround of Power Distribution Companies"
Owner : Supported by Ministry of Power (India)
Founder : Ujwal patel
Established: November 2015
Present Ministry of Power (India): Piyush Goyal