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Indian Banks Association against cheaper renewable energy tariffs

Indian Banks Association against cheaper renewable energy tariffs

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State governments are lining up to re-negotiate tariffs for renewable energy. However the Indian Banks Association is not happy with the idea. In a letter to the government, the association has warned that any such changes will open the door to corruption and that any cancellation of existing contracts will be a violation of commitments made by state governments, reports CNBC-TV18’s Anshu Sharma and Areeb Sherwani.

Source: moneycontrol
Anand Gupta Editor - EQ Int'l Media Network

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