Finance ministry

Finance Ministry Permits AP to Borrow Additional Rs 1515 Cr for Power Sector Reforms

The Finance Ministry has allowed Andhra Pradesh to borrow an additional Rs 1515 crore for undertaking power sector reforms. The Finance Ministry has allowed Andhra Pradesh to borrow an additional Rs 1515 crore for undertaking power sector reforms. As part of the reforms, the state has started the Direct Benefit Transfer (DBT) scheme of electricity subsidy to farmers with effect from September 2020. Thus, it […]

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Energy Storage Industry Sees New Opportunities in Sitharaman’s Budget 2020

Welcoming the Finance Minister Nirmala Sitharaman’s Union Budget 2020, which was tabled in the parliament today, the energy storage industry body India Energy Storage Alliance (IESA) has sought numerous opportunities in this year’s Budget for the energy storage sector. From Sitharaman’s second Union Budget, the energy storage industry analyzed that it will not only provide […]

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Budget 2020: Solar Industry Wishlist for Sitharaman

Undoubtedly, the most important economic event of the year going to take place on February 01, 2020, when the Finance Minister Nirmala Sitharaman tabled her second Union Budget in the Parliament. It is widely expected that the main focus of the Narendra Modi 2.0 government will be on again kick starting the engine of economic […]

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Orissa HC Hearing on ‘Solar Safeguard Duty Case’ on Sept’ 19

The new hearing date manifestly shows that the safeguard duty is yet to be implemented on the solar imports from China and Malaysia. Nearing the safeguard duty verdict, Orissa High Court has set September 19th, 2018 as the next date for the hearing of ‘Safeguard Duty on Solar Imports Case’. Coming as a historic wrestle […]

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MNRE Appeals Exclusion of Solar Projects under Execution from Safeguard Duty

The ministry has put up an urge to exclude projects bid out before 31st July as the safeguard duty came into effect on July 31st. The Ministry of New and Renewable Energy (MNRE) has urged the Finance Ministry to exempt solar projects under implementation from the 25 percent safeguard duty on solar goods from China […]

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India Imposes 25% Safeguard Duty on Solar Imports

Finance ministry has imposed a safeguard duty of 25 percent on the imports from July 30, 2018 to July 29, 2019 and a gradually reduced rate of 20 percent from July 30, 2019 to January 29, 2020 and 15 percent from January 30, 2020 to July 29, 2020. Keeping in view the interests of the […]

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Ending Anti-Dumping Probe Make India’s Path to Achieve Solar Goals More Clearer

The domestic industry has cited certain reasons for its request to terminate the probe. They have stated that post-initiation, the injury being suffered by the domestic producers on account of dumping has aggravated sharply. This week, the two biggest developments happened in the solar industry. The first one is the termination of anti-dumping investigation by […]

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Safeguard Duty Proposed on Solar Panel Imports for 200 Days

The preliminary findings dated January 5 have been submitted to the standing board on safeguards recommending imposition of provisional safeguard duty on the imports of solar cells whether or not assembled in modules or panels for a period of 200 days. In a significant development, the Directorate General of Safeguards (DGS) has recommended imposition of […]

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