Arun Jaitely

RBI Cancels Govt Request to Ease Norms for Stressed Power Cos

RBI has stated that it is for lenders, administrative ministries, and the developers to find the solution as the regulator won’t give any special treatment to a particular sector. Power Projects worth 20,000 MW are at the verge of liquidation, as the Reserve Bank of India (RBI) has rejected the government’s demand to ease the […]

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Budget 2018-19: Renewable Energy Industry Largely ‘Unhappy’

Overall, the Union Budget 2018 is average but still, the government can focus to solve problems faced by industry players in the current year so that India can fulfill its green energy ambitious goals on time. Finance Minister Arun Jaitley rolled out its much-anticipated Union Budget 2018-19 in parliament on 1 February 2018. With national polls […]

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Vikram Solar Slams Arun Jaitley’s Budget 2018 for Solar Sector

The budget 2018 is not very encouraging for the renewable and solar energy sector. The government has missed out on a major opportunity to take a lead towards combating climate change. The government has proposed to take out the import obligation on parts that make up sun powered boards. In his last full budget 2018 […]

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Budget 2018: Smart Cities Mission Gets Hike of 50 Percent

99 smart cities have been selected with an outlay of Rs 2.04 lakh crore. These cities have started implementing the smart cities mission and about Rs 2,350 crore worth of projects have already been completed. Finance Minister Arun Jaitley in the Budget 2018 has proposed an over 50 percent increase in the allocation for smart cities […]

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Domestic Manufacturers Hoping of a Favorable Budget 2018

Currently, importing machinery and manufacturing equipment incur a heavy duty, compared to the duty-free import of finished products like Solar PV modules. As the administration keeps on the significance of the expanded appropriation of the sustainable power source, the power area seeks after a truly necessary push to domestic equipment manufacturers in the current year’s Union Budget. […]

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EBRD strengthens ties with International Solar Alliance

A joint declaration to promote solar energy in the countries, where both EBRD and ISA operate was signed in New Delhi. The European Bank for Reconstruction & Development (EBRD) and the International Solar Alliance (ISA) have agreed to strengthen cooperation in pursuit of their shared goal of mobilizing green energy financing. A joint declaration to […]

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Solar Power To Feed 7,000 Railway Stations: Arun Jaitely

“It is proposed to feed about 7,000 stations with solar power in the medium term. A beginning has already been made in 300 stations. Works will be taken up for 2,000 railway stations as part of 1000 MW solar mission” Finance Minister, Arun Jaitely presenting Union Budget 2017 announced that 7000 railways stations in the […]

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Budget 2017-18 proposes Reduction in Customs and Excise for Renewable Energy Sector

In a bid to incentivize domestic value addition under Make in India initiative of the Government, the Finance Minister has proposed to reduce Customs and Excise duties on several items related to the Renewable Energy Sector The Union Minister for Finance and Corporate Affairs, Arun Jaitley while presenting the General Budget 2017-18 in Parliament today […]

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