The Union Ministry of Finance on Monday clarified that electric vehicles sold with or without batteries will be taxed at a single rate of 5 percent. Back in June, during the 47th meeting of the GST Council chaired by Union Finance Minister Nirmala Sitharaman, the government had reduced the tax rate on lithium-ion batteries from […]
Finance Ministry grants additional Rs. 28,204 Cr. for undertaking power sector reforms to 10 States – EQ Mag Pro
The objectives of granting financial incentives as additional borrowing permissions for taking up reforms in the power sector are to improve the operational and economic efficiency of the sector and promote a sustained increase in paid electricity consumption. New Delhi: The Department of Expenditure, Ministry of Finance, has granted additional borrowing permission of Rs. 28,204 […]
India, AIIB sign agreement to improve Assam power transmission
The project aims to strengthen Assam’s electricity transmission system by constructing 10 transmission substations New Delhi: India and the Asian Infrastructure Investment Bank (AIIB) on Tuesday signed a $304 million loan agreement for the Assam Intra-State Transmission System Enhancement Project to improve reliability, capacity and security of the power transmission network in the northeastern state. […]
