The Indian Government seems to be taking the right steps to curb pollution in the country, in addition to reduce the dependence on conventional sources of fuel. The Union Budget 2019, which did not bring much relief for conventional car manufacturers, had announcements in favour of the EVs in India. And now the GOI has […]
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) […]
Union Budget 2019: Modi govt bats for electric vehicles
NEW DELHI: Finance minister Nirmala Sitharaman presented Union Budget 2019-20 in Lok Sabha on Friday. The Modi 2.0 government proposed a slew of measures to boost electric vehicles. Here’s all you need to know about the initiatives announced for the automobile and infrastructure sector: ‘India will be a global hub for manufacturing of electric vehicles’ […]
Union Budget 2019: Govt’s initiatives will boost adoption of electric vehicles, writes Gaurav Karnik of EY India
The 2019 Union Budget has pushed significantly for adoption of electric vehicles and clean technologies as well as the infrastructure needed to make the EV dream a reality. In order to boost demand for EVs the government has provided an interest deduction of up to Rs 1.5 lakh on loans taken for purchase of a […]
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 […]
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 […]
OPINION| From Electric Vehicles Subsidy to Ending Crop Burning, How Budget Can Help Clean India’s Apocalyptic Air
Union Budget 2019 is expected to highlight the government’s intent on reviving growth. However, failure to urgently act on air pollution can derail these efforts by jeopardising public health, agricultural productivity, and sustainable development. The Union Budget 2019-20 will be important for reasons more than one. It will be the first annual financial statement of […]