ministry-of-finance

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Finance Ministry Invites Bids from Merchant Bankers for IREDA IPO

The Ministry of Finance’s Department of Investment and Public Asset Management has invited bids from book-running lead managers (BRLMs) to help list the...

April 27, 2023

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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Over 200,000 Farmers Have Benefited from PM-KUSUM: Power Minister

The Minister of Power R.K. Singh told the Parliament that the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) program has benefited over 200,000...

March 29, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Rollback of 15% Export Duty on Steel Likely to Push Prices Up

The solar power industry is expecting steel prices to rise but without any substantial impact on the project costs after the Ministry of Finance (Department of Revenue)...

November 21, 2022

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Rakesh Ranjan

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Manufacturing

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Solar
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Anti-Dumping Duty Imposed on Electro-Galvanized Steel Imports from Three Countries

The Ministry of Finance (Department of Revenue) has imposed anti-dumping duty on electro-galvanized steel originating in or exported from South Korea, Japan, and...

October 21, 2022

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Arjun Joshi

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Markets & Policy

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Other
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Daily News Wrap-Up: Hitachi Wins Deal to Supply Transformers for NTPC’s 4.75 GW Solar Park

Here are some noteworthy cleantech announcements of the day from around the world: Hitachi Energy India has been awarded a contract by NTPC Renewable Energy to supply...

October 21, 2022

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Rakesh Ranjan

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Other

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Renewable Energy
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Anti-Dumping Duty Imposed on Fluoro Backsheets Used in Solar Modules Imported from China

The Ministry of Finance has imposed anti-dumping duty on the import of fluoro backsheets (excluding transparent backsheets) from China to remove the harm being caused to...

June 16, 2022

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Rakesh Ranjan

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Markets & Policy

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Solar
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Solar Industry Confused About GST Rates and Application

The GST council, in September 2021, announced the GST increase for ‘specified renewable energy parts,’ from 5% to 12%, which came into effect the following month. With...

February 4, 2022

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Rakesh Ranjan

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Mercom Research Focus

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Other
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Ministry Asks States to Relax Performance and Bid Security for Power Project Bids

The Ministry of Power has directed the state governments and the governments of union territories (UT) to relax performance security, earnest money deposits requirements...

March 24, 2021

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Rakesh Ranjan

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Markets & Policy

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Solar
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Five More States Become Eligible for Power Sector’s Reform-Linked Borrowings

Reform-linked borrowings have provided the necessary impetus for reforms in the power sector in many states in the country. According to the latest figures released by...

March 2, 2021

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Rakesh Ranjan

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AT&C

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Grid
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MNRE Stops Processing Concessional Customs Duty Certificates for Solar Projects

The Ministry of New and Renewable Energy (MNRE) has stopped processing all applications seeking concessional customs duty certificates for setting up solar power...

March 1, 2021

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Rakesh Ranjan

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Markets & Policy

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Solar
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DGTR Imposes Countervailing Duty of 9.71% on Solar Glass Imports from Malaysia

The Directorate General of Trade Remedies (DGTR), Ministry of Commerce and Industry, has imposed a countervailing duty at 9.71% of the cost, insurance, and freight (CIF)...

December 21, 2020

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Rakesh Ranjan

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Manufacturing

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Solar
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PGCIL Reduces Bank Guarantee for its Power Transmission Projects from 10% to 3%

The Power Grid Corporation of India Limited (PGCIL), a government-owned company engaged mainly in the transmission of Power, has issued new performance security...

December 10, 2020

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Rakesh Ranjan

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Grid

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Market & Policy
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MNRE Asks Solar Manufacturers for List of Goods for Exemption from Basic Customs Duty

The Ministry of New and Renewable Energy (MNRE) has issued a notification asking solar PV manufacturers and associations to provide the list of machinery and capital...

September 25, 2020

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Rakesh Ranjan

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Markets & Policy

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Solar
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MNRE Clarifies Stand on Releasing Performance Bank Guarantees to Solar Developers

The Ministry of New and Renewable Energy (MNRE) has clarified its stand on the release of performance bank guarantees (PBGs) to developers. The government earlier...

August 24, 2020

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Nithin Thomas

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Markets & Policy

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Solar
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India Extends Imposition of Safeguard Duty on Solar Imports by Another Year

The Department of Revenue under the Ministry of Finance (MoF) has issued a notification imposing safeguard duty (SGD) on the import of solar cells and modules to India...

July 29, 2020

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Nithin Thomas

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Markets & Policy

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Solar

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