“Finance Minister Nirmala Sitharaman has delivered a balanced budget for the Renewables sector. It reflects the government’s commitment to accelerate decarbonization. The solar industry welcomes the announcement of 20% BCD on inverters and 15% on lanterns; the FM has indicated ramping up domestic manufacturing of cells and panels in a phased manner – which is […]
Budget 2021: What’s in it for Renewable Energy Sector
Budget 2021…Key Points by EQ: 1. Additional Capital Infusion of Rs. 1000 Cr to SECI and Rs.1500 Crores to IREDA 2. Import Duty on Solar Inverters Raised to 20% from 5% and on Solar Lanterns Raised to 15% from 5% 3. Inputs, Parts and Sub-parts [other than PCBA and Lithium-ion Cell] for manufacture of Lithium-ion […]
OPINION: Budget 2021: Expectations from the energy sector
The major task is to provide impetus to the sector and revive the economy to normalcy Budget 2021 is the next big thing that India is looking forward to, post the devastating effects of the COVID-19 pandemic on the world economy. The Government of India in Budget 2020 showed great intent to focus on renewable […]
Budget Expectations 2021- Mr Hartek Singh CMD Hartek Group
The Finance Minister should put into place a comprehensive policy and regulatory framework to encourage firms to invest more in innovation and technology with the larger objective of bringing about a transformation in the power sector. The skewed tariffs of downstream distribution utilities should be rationalised vis-à-vis the cost structure to optimise cross-subsidy and create […]
Budget 2021 expected to be turning point for renewable energy sector
Budget 2021 expected to be turning point for renewable energy sector By – Bharat Bhut, Co-Founder and Director, Goldi Solar Nations across the globe have been grappling with the COVID-19 pandemic with several sectors across India taking a hit. The upcoming budget comes with huge expectations from the country in a post-COVID era to […]