Solar power developers have expressed concerns that safeguard duty on solar equipment may jeopardize India’s target of installing 100 GW capacity by 2022 as it would directly affect 25 GW volume under various stages of implementation and hit thousands of jobs in the segment.
The government has deferred the bidding for 60 oil and gas fields being offered in the second round of bidding for Discovered Small Field (DSF) by a month.
Power Minister R K Singh said today that the government will consider making 24 degree Celsius as mandatory default setting for air conditioners within a few months.
Sembcorp Energy India is set to bag a tender for supply of 250 megawatts of electricity to Bangladesh after it bid the lowest tariff.
India will extend a Line of Credit of USD 31 million and a concessional financing of USD 20 million to Suriname as the two countries agreed to strengthen their economic relations and development partnership after President Kovind held talks with his Surinamese counterpart Desire Delano Bouterse.
A peak tax rate of 28 per cent plus states levying some amount of local sales tax or VAT on petrol and diesel is likely to be the tax structure when the two auto fuels are covered under the GST regime, a top government official said.
The Ministry of New and Renewable Energy (MNRE) today announced medium and long term offshore wind energy target of 5GW by 2022 and 30 GW by 2030, respectively, to provide confidence to the industry.
Rating agency Moody’s has s sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely affect fiscal deficit unless it is matched by a commensurate cut in expenditure.
Mahindra group Chairman Anand Mahindra today said it would not be right to find fault with the government for lack of a “ready made” policy for electric vehicles (EVs) as it is still a new sector in the country and things would evolve gradually.
Retail inflation jumped to 4-month high of 4.87 per cent in May on costlier food items such as fruits, vegetables and cereals coupled with high fuel rates.