In Short : A senior executive from Kushmanda Power has urged the government to reduce GST on lithium-ion batteries by 5 percent, stating that high taxation is slowing domestic manufacturing growth. The proposal highlights the need for tax parity, supportive regulations, and expanded incentives to strengthen India’s battery ecosystem, lower costs, reduce import dependence, and […]
GST on Renewable Energy Devices Rationalised to 5% to Accelerate India’s Clean Energy Transition – EQ
In Short : The GST Council has rationalised the tax rate on renewable energy devices to 5%, aiming to accelerate India’s clean energy transition. This move will reduce project costs, make solar and wind technologies more affordable, and encourage greater adoption. By lowering financial barriers, the reform supports India’s renewable targets and strengthens its path […]
SBI and AFD Join Forces with €100 Million Credit Line to Accelerate India’s Green Transition – EQ
In Short : The State Bank of India (SBI) and the French Development Agency (AFD) have signed a 100 million euro Line of Credit agreement to strengthen green financing in India. The collaboration will support renewable energy and sustainable infrastructure projects, accelerating India’s transition to clean energy while promoting climate resilience and low-carbon growth through […]