EV Batteries in 5% GST Bracket to Support Faster Adoption Updated On Tue, Jul 5th, 2022 by Saurenergy The GST rates on lithium-ion battery packs have been reduced by the government from 18 percent to 5 per cent which is the lowest tax category. A statement by the Finance Ministry held, “Electric vehicles, whether or not fitted with a battery pack, are eligible for the concessional GST rate of 5 percent.” This was […] Read more
Finance Ministry Permits AP to Borrow Additional Rs 1515 Cr for Power Sector Reforms Updated On Fri, Feb 5th, 2021 by Saurenergy 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 […] Read more
At Re-Invest Curtain Raiser, Minister Informs Of 35 GW Bids For Solar Under Incentive scheme Updated On Fri, Nov 20th, 2020 by Saurenergy Power, MNRE and Skill Development Minister R.K. Singh Shared yesterday that the government had received bids for close to 35 GW of total capacity, when it comes to solar equipment. According to a statement given by Union power and renewable Minister RK Singh on Thursday, the government has received expressions of interest to set up […] Read more
Energy Storage Industry Sees New Opportunities in Sitharaman’s Budget 2020 Updated On Sat, Feb 1st, 2020 by Saurenergy 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 […] Read more
Budget 2020: Solar Industry Wishlist for Sitharaman Updated On Mon, Jan 27th, 2020 by Saurenergy 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 […] Read more
Orissa HC Hearing on ‘Solar Safeguard Duty Case’ on Sept’ 19 Updated On Thu, Aug 30th, 2018 by Saurenergy 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 […] Read more
MNRE Appeals Exclusion of Solar Projects under Execution from Safeguard Duty Updated On Mon, Aug 6th, 2018 by Saurenergy 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 […] Read more
India Imposes 25% Safeguard Duty on Solar Imports Updated On Tue, Jul 31st, 2018 by Saurenergy 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 […] Read more
Ending Anti-Dumping Probe Make India’s Path to Achieve Solar Goals More Clearer Updated On Sat, Mar 24th, 2018 by Saurenergy 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 […] Read more
