"Rs 22,000 crore to be provided to power and renewable energy sector in 2020-21," Sitharaman said during the presentation of the Union Budget in the Parliament. She further urged the governments of all States and Union Territories to adopt pre-paid smart meters in a period of three years.

The Union Power Ministry has written to states, asking them to reduce tariffs in view of the implementation of pre-payment arrangement for procuring power by distribution companies (discoms).

State power distribution companies (DISCOMs) are reporting handsome savings and improvements in operational efficiency and found ways of cutting down...