In the first theme of Aspirational India, Sitharaman is focussing on skills, education, and agriculture. ‘The government is committed to double the farmer income by 2022. Farmers with barren land can set up solar power units so that they can get a living out of it,’ she said, presenting a 16-point action plan for this […]
Budget 2020-21: Will Sitharaman keep aside Rs 1.10 lakh crore to revamp India’s discoms
Sitharaman may provide support for Ujjwala beneficiaries for buying refill gas cylinders Reforms in power distribution companies (Discoms) and support for Ujjwala Yojana beneficiaries to purchase refills of cooking gas cylinders will be among the announcements the energy sector will expect Union Minister for Finance Nirmala Sitharaman to include in the budget she will table […]
Sitharaman directs NABARD to help J&K, Ladakh increase farm produce, utilise solar energy
While stressing on the need to exploit solar energy in the high altitude deserts of Ladakh, Finance Minister Nirmala Sitharaman said: “I have requested Chairman of NABARD to visit Jammu and Kashmir so that NABARD can support the farmers there.” Union Finance Minister Nirmala Sitharaman Tuesday directed the National Bank for Agriculture and Rural Development […]
India to spend $1.4 trillion on infrastructure in next five years: Nirmala Sitharaman
She said a task force has been constituted in the finance ministry that will draw up a national infrastructure pipeline for the next five years. New Delhi: As part of its goal to become a USD 5 trillion economy by 2024, India plans to spend USD 1.4 trillion on its infrastructure in the next five […]
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 […]
After budget’s boost, Centre asks states to help give electric vehicles a push
The govt has asked states and UTs to induct more EVs into public transport fleets to reduce tailpipe emissions States have been asked to communicate by 31 Aug the steps being planned to promote faster adoption of EVs Close on the heels of unveiling a host of incentives for electric vehicles, the Union government is […]
This week in Auto: Arm-twisting by govt over electric vehicles; Jaguar chief’s salary slashed
Here’s a look at all the major developments of the week in the automotive sector Over the last three-four months, everybody has started to talk about electric vehicles (EV). Some parties such as the government and policy makers are in favour of it while other like automotive companies are busy searching for faults in the […]
India looks to lead electric vehicle race with latest push in budget
The finance minister announced tax rebates of up to ₹1.5 lakh on interest paid on loans to buy EVs India, though, like China or countries in the EU, has not set a target for automakers to convert a certain part of their total vehicle production to electric or other electrified offerings New Delhi: With a host […]
Budget 2019: Makers of EVs welcome GST cut
In 2018, the state government had signed a memorandum with Energy Efficiency Services Limited (EESL) to procure 1,000 EVs in the first phase. Mumbai: The Union Budget 2019 includes reducing the Goods and Service Tax (GST) on electric vehicles from twelve to five per cent. While Maharashtra government is trying to procure electric vehicles (EV) […]
Budget 2019: Reforms, revival expected to infuse fresh energy into power industry
Power minister RK Singh says a revival scheme for gas-based power plants and a tariff policy are in final stages of being drafted. NEW DELHI: The government plans major reforms in the power sector, including revival schemes for state distribution companies and fuel-starved power plants that depend on natural gas. A package of structural and […]