In Short : India is strategically positioned to play a significant role in enhancing and diversifying global supply chains. The country’s robust manufacturing sector, skilled workforce, and technological advancements make it an attractive destination for businesses seeking reliable and diverse supply sources. By leveraging its strengths, India can contribute to strengthening supply chains worldwide, fostering […]
Finance minister, World Bank to work closely to create market structure from CSR demand side for maximising social impact – EQ
New Delhi : The World Bank and the finance ministry on Sunday agreed to work closely to create a market structure from the CSR demand side for maximising social impact. World Bank President Ajay Banga, who was in Delhi to attend the G20 Leaders’ Summit, on Sunday met Finance Minister Nirmala Sitharaman. The two leaders […]
India finance minister announces new clean energy funds – EQ Mag
BENGALURU, India : Indian finance minister Nirmala Sitharaman announced several new clean energy initiatives in the government’s annual federal budget speech on Wednesday, saying “green growth” is a top priority for the country. More than $8 billion dollars were announced for projects like mangrove restoration which help suck carbon dioxide out of the atmosphere, converting […]
Finance Minister inaugurates NTPC’s first mini smart city – EQ Mag Pro
Gandhinagar: Hon’ble Union Minister Nirmala Sitharaman inaugurates the first mini smart city located at NTPC-Solapur, Maharashtra. The Finance Minister along with Bhupendrabhai Patel Chief Minister of Gujarat visits NTPC Exhibit AKAM Mega Show today in Gandhinagar.
Finance Minister Sitharaman promises implementation of BCD on solar modulesfrom April 2022 during a meeting with solar industry associations – EQ Mag Pro
The associations have also requested that a notification regarding this be brought in the upcoming union budget Delhi, India :Today, at a meeting with a delegation ofNorth India Module Manufacturers Association (NIMMA) and Indian Solar Manufacturers Association (ISMA) officials,Shri Nirmala Sitharaman, Finance Minister, GoI assured that the BCD (Basic Customs Duty) will be implemented at […]
Kerala Finance Minister announces 50 percent reduction in tax for electric vehicles
Various government departments also assured that charging stations for such vehicles will be set up across the country by KSE Thiruvananthapuram: Finance Minister Thomas Isaac declared a 50 percent concession in tax for electric vehicles as part of encouraging its wide use in the state. The government has decided to encourage electric vehicles in order […]
Power Package: ₹45,000 cr liquidity for NBFCs; ₹90,000 cr for discoms
FM Sitharaman announced ₹30,000 cr liquidity facility for NBFCs, housing finance companies and MFIs Among other big bang announements, Finance Minister Nirmala Sitharaman on Wednesday announced collateral free automatic loans for businesses, including MSMEs, up to ₹3 lakh crore. She also said ₹45,000 crore liquidity will be infused into NBFCs through partial credit guarantee […]
COVID-19 Effect | Govt extended deadline for filing GST returns to June 30
Interest, late fee and penalty will be waived for companies with a turnover up to Rs 5 crore. The government on March 24 announced extension of the last date for filing GSTR-3B for Goods and Services Tax (GST) for March, April and May to June 30. “Others can file returns due in March, April 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 […]
India to Honour Contractual Commitments Under Various Energy Agreements, Says Nirmala Sitharaman
Recently, Andhra Pradesh had asked government nodal agencies Solar Energy Corporation of India (SECI) and NTPC to lower tariff of renewable energy projects auctioned by them under concluded power purchase agreements. New Delhi: Finance Minister Nirmala Sitharaman on Monday assured investors that India will honour contractual commitments under various energy agreements. “Commitments shall be honoured […]