Tariffs, Tax Breaks, & Incentives: Solar Sector Has Big Expectations from Budget 2022
India is looking at some large capacity additions in the years ahead to reach the target of 300 GW of solar by 2030. The country’s cumulative installed solar capacity at ...
Budget 2021 Receives Mixed Reactions from Energy Sector Stakeholders
The 2021-22 Budget tabled in the Parliament by the Finance Minister, Nirmala Sitharaman, has received a mixed response from stakeholders in the energy sector. While the massive outlay for revamping ...
Budget 2021 Sets Aside ₹10 Billion for SECI, Increases Customs Duty on Solar Inverters
Union Finance Minister Nirmala Sitharaman presented the 2021-22 budget in the parliament in the backdrop of a falling economy crushed by the COVID-19 pandemic. The Finance Minister said that the ...
News Highlights from India’s Renewable Energy Sector in July 2019
The month of July was filled with significant happenings in all segments of the renewable industry. While the biggest event of the month was the introduction of the Budget 2019, ...
In a Boost to Electric Mobility, India Slashes GST on Electric Vehicles from 12% to 5%
In a positive development towards increasing electric mobility in the country, the government has cut the applicable rate of Goods and Services Tax (GST) on electric vehicles (EVs). The 36th ...
Budget 2018-19: A Disappointing Budget for Solar and Renewable Energy Sector
The much-anticipated Union Budget 2018-19 was tabled in parliament on 1 February 2018 by Finance Minister Arun Jaitley. However, the new budget for the coming financial year has, in most ...
Economic Survey 2018 Calls for Review of Subsidies for India’s Green Energy Sector
Concerns about tumbling tariffs and frequent Power Purchase Agreement (PPA) renegotiations were just a few of the items highlighted by the Economic Survey 2018, which was tabled in Parliament by ...
2017-18 Budget a Disappointment for the Indian Renewable Energy Sector
Overall, India’s 2017-18 budget is a disappointment for renewable energy sector. There were no major subsidies or incentives announced. There had been hope that reduction in accelerated depreciation and the ...