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PFC–REC Merger: Power Ministry Oversight Panels

23 February 20261 min read
ECONOMYPFC–REC Merger:Power MinistryOversight Panels23 February 2026safalsetu.com

Why in the news

To steer the planned combination of two power-sector lenders, the Ministry of Power created two oversight bodies.

Key facts

  • Entities: Power Finance Corporation (PFC) and REC Limited.
  • Bodies formed: a high-level committee and a Working Group.
  • Constituted by: Ministry of Power.

Role of the panels

  • Monitor how the merger is moving.
  • Resolve policy matters.
  • Ensure smooth integration of staff, pay scales and service conditions.

Exam angle

  • Nodal ministry: Ministry of Power.
  • Merger partners: PFC and REC Limited.
  • Status: merger is proposed, not yet complete.

Test yourself

1. Which ministry set up oversight panels for the proposed PFC–REC merger?

The Ministry of Power constituted the committee and Working Group.

2. Which two entities are to be merged, according to the notes?

PFC and REC Limited are the merger partners.

3. Besides policy issues, what must the panels ensure during the merger?

Integration of staff, pay scales and service conditions is named.

This topic is part of Daily Current Affairs 21 February 2026 (22 topics).

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