The scheme will come with a gross budgetary support of Rs 1.2 lakh crore over five years will be result-oriented where the distribution companies will invest first and get money later. New Delhi: The government is close to finalising a Rs 3.5 lakh crore financial assistance package that would mandate state power distribution companies with […]
Energy sector players cheer stimulus, says steps towards self-reliance
Welcoming the announcement, Vikram Solar CEO Saibaba Vutukuri said the “path-breaking initiative” aims to make India self-reliant and reduce import dependency on imports for solar modules and its components New Delhi: Energy sector players on Wednesday hailed the government’s move to infuse Rs 90,000 crore liquidity into power distribution companies (discoms), saying the stimulus will […]
Power Package: ₹45,000 cr liquidity for NBFCs; ₹90,000 cr for discoms
FM Sitharaman announced ₹30,000 cr liquidity facility for NBFCs, housing finance companies and MFIs Among other big bang announements, Finance Minister Nirmala Sitharaman on Wednesday announced collateral free automatic loans for businesses, including MSMEs, up to ₹3 lakh crore. She also said ₹45,000 crore liquidity will be infused into NBFCs through partial credit guarantee […]
Ensure uninterrupted electricity supply to consumers: PM Narendra Modi to power sector
At a meeting to review the power sector and the impact of COVID-19 pandemic on it, he also discussed various long-term reforms for enhancing sustainability, resilience, and efficiency of the sector, an official release said NEW DELHI: Amid the coronavirus crisis, Prime Minister Narendra Modi on Friday asked officials to work towards ensuring round-the-clock supply […]
COVID-19 Effect | Govt extended deadline for filing GST returns to June 30
Interest, late fee and penalty will be waived for companies with a turnover up to Rs 5 crore. The government on March 24 announced extension of the last date for filing GSTR-3B for Goods and Services Tax (GST) for March, April and May to June 30. “Others can file returns due in March, April and […]
Budget 2020: Govt expands PM KUSUM scheme for solar pumps, targets to cover 20 lakh farmers
Finance Minister Nirmala Sitharaman on Saturday announced expansion of Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (PM KUSUM) Scheme under which 20 lakh farmers would be provided funds to set up standalone solar pumps. While presenting the budget for 2020-21, the minister said that 15 lakh farmers would be provided funds to set up grid-connected […]
Large solar power capacity alongside rail track to be set up: FM
“150 trains will be run in PPP mode, also four stations will be redeveloped with the help of private sector. 550 wi-fi facilities have been commissioned at railway stations,” the FM Nirmala Sitharaman said in her Budget speech. NEW DELHI: Finance Minister Nirmala Sitharaman on Friday proposed the setting up of large solar power capacity […]
Budget 2020: Govt will advise utilities to close down thermal power plants violating clean air norms
As part of its Intended Nationally Determined Contribution, the energy intensity of India’s growth is targeted to decline by 33 to 35 percent by 2030 compared with 2005 New Delhi: Finance Minister Nirmala Sitharam has said the government will advise utilities to close down thermal power plants in violation of National Clean Air Programme (NCAP) […]
FM Announces Expansion of PM KUSUM Scheme
In a move to push the use and to explore the solar energy in India by the farmers, the FM, Nirmala Sitharaman has proposed to expand the PM KUSUM scheme to set up grid-connected solar pumps to the tune of 15 lakhs. Today, the Finance Minister announced the expansion of Pradhan Mantri Kisan Urja Suraksha […]
Rs 22,000 cr outlay for power, renewable energy sector in FY21: Sitharaman
The Centre has proposed an outlay of Rs 22,000 crore for power and renewable energy sector for 2020-21, Finance Minister Nirmala Sitharaman said on Saturday. In her second Budget presentation, the finance minister said the Centre has proposed that discoms should replace conventional meters with smart pre-paid meters and give option to consumers to choose […]