Government of India recently launched the Ujwal Discom Assurance Yojana to enable State Governments to take over accumulated debts of DISCOMs by issuing bonds. The scheme is different from previous efforts as it has provisions for State Governments to progressively take-over future losses as well. However, the scheme lacks strict monitoring mechanisms to curtail borrowing from banks and to ensure targets for efficiency improvements are met. As unsustainable practices could grow unchecked, it is quite possible that another bailout may be needed in the near future. An article making this case appeared in The Indian Express dated 22nd November 2015.