Budget 2019: As part of the Union Budget 2019 presented by Finance Minister Nirmala Sitharaman on July 5, the Modi 2.0 government has allocated a sum of Rs 414.70 crore for the expansion of its network across the national capital region (NCR).
Petrol and Diesel prices are set to rise by Rs 2 per litre in the country as new Finance Minister Nirmala Sitharaman in her budget speech today increased of special additional excise duty (SAED) as well as Road and Infrastructure Cess by Rs 1 per litre each on automobile fuels.
The government is going to work with the state governments to remove the barriers in the implementation of the ambitious UDAY scheme for the turnaround of power distribution companies, Finance Minister Nirmala Sitharaman said today.
The votes have been counted, the winners announced and the new government is in place. Coming into power with a stupendous majority, there can be no doubt that the industry has great expectations from the second term of the NDA government, under the Hon’ble Prime Minister Shri Narendra Modi.
In April 2018, India completed electrification of all villages and now plans to achieve universal access to electricity by the early 2020s. Power demand is also poised to grow, largely driven by consumption.
Raising concerns over the survival of solar modules manufacturers, the All India Solar Industries Association (AISIA) in its pre-Budget recommendations has called for providing incentives, such as subsidies for power,
With the criticality of power sector for the economy and the fact that it comes under concurrent purview of both the central and the state governments, there has been a significant focus on 24×7 reliable power supply throughout the country.
The oil and gas (O&G) industry has been experiencing turbulence recently, marked by economic uncertainty, geopolitical risks such as sanctions on O&G-producing countries that have an impact on long-term deals and transactions
To boost power sector investments, the government is considering a proposal to include power generating units in the list of infrastructure projects that qualify for getting investment-linked deductions, official sources said on Monday.
The interim budget has allocated Rs 3,004.90 crore for development of solar power projects next financial year (2019-20) including both grid-interactive and off-grid and decentralized categories.