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What The Indian EV Sector Expects From Union Budget 2024

With a day left for the Union Budget, the Electric Vehicle (EV) and the battery manufacturers, battery recycling companies have pinned their hopes on the budget. The industry now expects attention to the sector to weed out some of the major hurdles in the sector.  Following are the expectations of the industry from the budget– […]

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Green Stocks July 19: Market Plunges Ahead Of Budget Announcement

In the stock market today, ahead of the budget announcement, stock prices of all green companies went down. Among all, Borosil renewables dropped the most facing a 5.47% dip. This is followed by KPI Green Energy and Sterling and Wilson Renewable Energy whose stock price went down by 5% and 4.99% respectively. Company name Closing […]

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Budget 2024: CareEdge Ratings Bats For More Support For Renewables

CareEdge Ratings in its latest report on Budget expectations talked about the need to reduce the Goods and Services tax (GST) on renewable energy components upto 5 percent to boost the sector. This comes days before the announcement of the Union Budget by Finance Minister Nirmala Sitharaman.  CareEdge in its report talked about the need […]

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What The Renewable Industry Expects From Union Budget

Days ahead of the Union Budget 2024, the Indian renewable energy companies have pinned their hopes on the event. A number of green companies have shared their expectations from the budget. Several of them batted for attention of better taxation regime, working on the hurdles for the green companies and suggested several means that can […]

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Budget For Transmission Project To Boost Power In Northeast: Minister

Union Minister for Power and New & Renewable Energy and Power (MNRE) recently informed the parliament in a written reply about the growth in the implementation of projects under the Ministry of Power (MoP) for strengthening the Intra-State Transmission System as well as the distribution system in Northeastern States and Sikkim. The minister said, “Northeastern […]

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BUDGET: FM Announces Support For RTS, Offshore Wind and EV Manufacturing

Union Finance Minister Nirmala Sitharaman announced the Union Budget 2024 today. Speaking in Lok Sabha, the finance minister discussed the recently announced Pradhan Mantri (PM) Suryodaya Scheme. On January 22, PM Narendra Modi announced the connection of one crore households with rooftop solar. In her budget speech, the finance minister talked about the savings of […]

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BUDGET: EV Sector Pins Hopes On FAME-3, Tax Revisions

With the expected culmination of the FAME-II scheme, Electric Vehicle (EV) manufacturers, battery makers and charging infrastructure developers have pinned hopes on the Union Budget 2024. The most awaited decision is on the likely announcement of the rollout of FAME-III with revised norms. The grapevine had it that the budget could turn the focus on […]

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