‘We have requested Ministry of Finance to consider grandfathering of basic customs duty for projects bid out before March 9, 2021,’ the renewable energy ministry said India’s renewable energy ministry has backed a demand to shield some projects from impending taxes on solar equipment imports, after generators said the added costs will slow the nation’s […]
REC achieves a ‘Perfect’ score on MoU parameters for FY21 – EQ Mag Pro
State-owned Non-Banking Financial Company and a ‘Navratna’ enterprise under administrative control of the Ministry of Power, REC Limited has been evaluated as the highest score of 100 for FY21 for the targets and milestones set by the Department of Public Enterprises, Ministry of Finance under the rigorous and aspirational ‘Memorandum of Understanding (MoU)’ framework prescribed […]
States Committing To Power Sector Reforms Incentivised By Increased Market Borrowings Space – EQ Mag Pro
Almost 20 States Have Already Shown Interest In Taking Benefit Under The Scheme in This Financial Year Ministry of Finance, Government of India, had launched a programme in June 2021 to allow additional borrowing space to State Governments, which is conditional on them undertaking and sustaining specific reforms in the power sector. REC Ltd is […]
Time Extension in Scheduled Commissioning Date of RE Projects considering disruption due to COVID-19: Clarification
Time Extension in Scheduled Commissioning Date of Renewable Energy (RE) Projects considering disruption due to lockdown due to COVID-19: Clarification 1. Reference is invited to this Ministry’s O.M. No. 283/18/2020-GRID SOLAR dated 13.08.2020, providing for a blanket extension for RE projects on account of COVID-19. Vide subsequent clarification of even no. dated 09.02.2021, it was […]
MoP: Three OM of Ministry of Finance
Ministry of Finance Office Memo – Performance Security
Ministry of Finance Office Memo – Performance Security. For more information please see below link:
Atmanirbhar Bharat Package 3.0
Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers
Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers For more information please see below link:
Special Liquidity Scheme – NBFCs/HFCs
The Union Cabinet, chaired by the Prime Minister Narendra Modi, gave its approval to the proposal of the Ministry of Finance to launch a new Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) to improve liquidity position of the NBFCs/HFCs. The direct financial implication for the Government is Rs.5 crore, which […]
Clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws-reg
Clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws-reg For more information please see below link: