Budget 2019: No big-bang announcements for the energy sector

Budget 2019: No big-bang announcements for the energy sector

The interim budget for 2019-20 tabled in Parliament today lacked any major new announcement for the energy sector, with interim Finance Minister Piyush Goyal talking about major sectoral initiatives currently being undertaken by the government from expansion of LED distribution programme to reforming of the oil and gas bidding regime.

In the oil and gas sector, Goyal’s speech focused on the flagship Ujjwala scheme. “Ujjwala is a remarkable success story. We have so far provided 6 crore free LPG connections to rural households for the benefit of poor women. We will provide additional 2 crore connections soon,” Goyal said. The then finance minister Arun Jaitley had in his budget speech last year expanded the scope of the scheme to cover 8 crore households.

Goyal also said the government has distributed 143 crore LED bulbs to promote energy savings. The country’s solar power generation installed capacity has grown ten times in the past 5 years leading to creation of additional jobs, he said. Read More

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