Budget 2019-20: KPMG in India Partner Tax Nabin Ballodia said the government’s focus on mega investments in manufacturing of solar photo voltaic cells, solar electric charging infrastructure and batteries, as well as reduction in customs duty on import of all forms of uranium for generation of nuclear power, would provide a major fillip to the […]
Budget 2019: ‘One Nation One Grid’ – Sitharaman says package for power sector, structural reforms in the offing
Union Budget 2019 India: In November last, the panel had recommended the government that the Ministry of Power and Ministry of Petroleum and Natural Gas may jointly devise a scheme in line with the earlier e-bid RLNG Scheme to revive gas-based power plants. Budget 2019 India: The government will soon unveil a package for power […]
Union Budget 2019: Centre to implement ‘One Nation, One Power’ grid to end India’s power woes
The Narendra Modi government is looking to implement ‘One Nation, One Power’ grid in the power sector, to ensure power connectivity to states at affordable rates, union finance minister Nirmala Sitharaman said in the union budget announcement on Friday in the Parliament. A package for power sector tariff and structural reforms to the sector will […]
Budget 2019: No to carbon emissions, Nirmala Sitharaman promises Rs 10,000 crore push for e-vehicles
Finance Minister Nirmala Sitharaman on Friday said during her Budget speech that the Centre is looking at giving a big push to e-vehicles. in her maiden speech, Finance Minister Nirmala Sitharaman gave a big push to electronic vehicles as a means to reduce carbon emissions and air pollution. Sitharaman said Rs 10,000 crore has been […]
Amid $30bn investment opportunities in renewable energy, don’t wish away coal: Economic Survey
The survey said while there has been tremendous increase in the renewable energy capacity, fossil fuels, especially coal, would continue to remain an important source of energy. NEW DELHI: India’s renewable energy sector will offer investment opportunity of $30 billion every year for the next decade and beyond, but the country cannot wish away conventional […]
Budget likely to charge up electric vehicle push with tax incentives
The govt is also examining extension of tax holiday for units operating or planning to set up operations in special economic zones With promotion of clean energy high on government agenda, the upcoming Budget is likely to incentivise manufacturing of electric vehicles (EVs) in the country. This is also expected to drive foreign direct investment […]
Budget wishlist: Funds for basic and applied research, capital for energy storage
CEEW Centre for Energy Finance’s Kanika Chawla feels that India’s energy transition is well on its way. The wait for the NDA 2.0’s first Union Budget has the corporate world buzzing with expectations. From allocation of funds towards research to support for renewable energy deployment, there’s a lot riding on Finance Minister Nirmala Sitharaman’s maiden […]
Budget 2019: Expect higher allocation for renewable energy, distribution infra
The government must provide clarity required on the status of safeguard duty on imported modules post July 2020, which would have a bearing on the solar bid tariffs by the developers With the criticality of power sector for the economy and the fact that it comes under concurrent purview of both the central and the […]
Budget 2019: Higher budgetary allocation expected towards measures for rural electrification as well as for renewables to continue
In that context, the Central Government is expected to further augment the budgetary allocations towards its flagship schemes – Deendayal Upadhayaya Gram Jyoti Yojna (DUGJY) and Integrated Power Development Scheme (IPDS). With the criticality of power sector for the economy and the fact that it comes under concurrent purview of both Central Government & State […]