“ The Union Budget 2020 is a balanced and pragmatic statement of intent. Finance minister in her speech has attempted to address the trust deficit across a host of sectors. She has assured stock market investors by abolishing dividend distribution tax , addressed concerns of start-ups with respect to ESOPS and in the renewable energy […]
Budget Reaction from Mr Tulsi Tanti, Chairman IWTMA (Indian Wind Turbine Manufacturers Association)
The Budget 2020 is pro-growth, gives impetus for consumption, creation of infrastructure and encourages investments into Indian economy. It provides a boost to propel domestic consumption through – a) Income Tax sops for nearly 30 million income taxpayers b) Improved financial health of 120 million marginal farmers. The special focus on agriculture sector with a 16-point plan […]
Prominent Themes of the Budget
New budget will jet set solar sector growth: Rajasthan Solar Association
New budget will jet set solar sector growth: Rajasthan Solar Association 1st Feb 2020, Delhi – Hon’ble Finance Minister Smt. Nirmala Sitharaman today presented the union budget 2020. Government is promoting KUSUM scheme by providing 20 Lakh stand-alone (off-grid) solar pumps as compared to 17.50 Lakh pumps; further another 15 Lakh solar grid-connected pump […]
Post Budget quote by Mr. Gyanesh Chaoudhary, Managing Director , Vikram Solar
“The budget had a clear intent on fulfilling India’s COP 21 commitments in a sustainable manner. The government announced that it is expanding the solarisation of grid-connected and standalone agricultural pumps. This is a positive step, which will encourage domestic manufacturing. Merchandise exports are very important for any economy to create jobs, and in order […]
Post Budget Quote Reaction – Mr. Sanjeev Aggarwal, Founder and CEO, Amplus Solar
“The overall impetus on long term reforms in the power sector is very encouraging and it was noteworthy to note that India stands committed to its international sustainability commitments. The focus on bringing down the commercial losses in the distribution companies by mandating prepaid meters, coupled with the consumers having the ‘choice of suppliers’ will […]
Budget Quote 2020: Mr. Bikesh Ogra, Director and Global CEO, Sterling and Wilson Solar Limited
Quote – “The Union Budget 2020, has taken a positive step to boost the energy and power sector. Renewables is the future and the emphasis on solar is encouraging for the sector. This year’s budget has shown the government’s commitment towards power and renewable sector. This definitely highlights India’s commitment to clean energy and […]
Budget 2020: Govt expands PM KUSUM scheme for solar pumps, targets to cover 20 lakh farmers
Finance Minister Nirmala Sitharaman on Saturday announced expansion of Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (PM KUSUM) Scheme under which 20 lakh farmers would be provided funds to set up standalone solar pumps. While presenting the budget for 2020-21, the minister said that 15 lakh farmers would be provided funds to set up grid-connected […]
Large solar power capacity alongside rail track to be set up: FM
“150 trains will be run in PPP mode, also four stations will be redeveloped with the help of private sector. 550 wi-fi facilities have been commissioned at railway stations,” the FM Nirmala Sitharaman said in her Budget speech. NEW DELHI: Finance Minister Nirmala Sitharaman on Friday proposed the setting up of large solar power capacity […]
Budget 2020: Govt will advise utilities to close down thermal power plants violating clean air norms
As part of its Intended Nationally Determined Contribution, the energy intensity of India’s growth is targeted to decline by 33 to 35 percent by 2030 compared with 2005 New Delhi: Finance Minister Nirmala Sitharam has said the government will advise utilities to close down thermal power plants in violation of National Clean Air Programme (NCAP) […]