Category: Power

Madhya Pradesh and Gujarat are heading towards collision course over sharing of the Narmada water from the Sardar Sarovar Dam. The Kamal Nath government has sought Union Water Resources Ministry’s intervention to resolve the dispute arising over Gujarat government’s pressure on Madhya Pradesh to release 4,000 million cubic meters (MCM) water for testing the gates […]

Sale of renewable energy certificates declined by 61% to 6.29 lakh units in July as compared to 16.18 lakh in the same month a year ago due to lower supply, according to official data. Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country which are engaged […]

Delhi Chief Minister Arvind Kejriwal on Thursday announced that consumers consuming up to 200 units of electricity won’t need to pay their power bills. Making the announcement, Kejriwal said the Delhi government will give full subsidy to those consuming up to 200 units of electricity. Those consuming 201 to 401 units of electricity will continue […]

The state government has said no to a proposal from the the railways to share 50% of the cost of the two key doubling-cum-electrification projects, which can facilitate more local trains in the city. In a letter to the South Western Railway (SWR), the government conveyed its decision that the doubling and electrification of the […]

Ten people were electrocuted after they came in contact with a high tension wire in West Bengal’s Jalpaiguri district on Friday, police said. Their condition is stable, the police said. The incident occurred at Mainaguri block’s Uller Dabri area on Friday afternoon when they were boarding a Siliguri-bound private bus and an 11,000 volt overhead […]

Subhash Chandra Garg, economic affairs and finance secretary, has sought voluntary retirement from the government, sources in his office said Thursday. His decision came after he was transferred to a relatively low profile power ministry late Wednesday evening. Garg has yet not reported for his new assignment in the power ministry. He was appointed as […]

All said and done, Indians are just not buying electric vehicles. Throwing good money to address the demand-side of the challenge alone is an idea that has clearly failed. Tabling her maiden budget in Parliament on Friday, Minister for Finance Nirmala Sitharaman gave it another go. She proposed a cut in tax from 12 per […]

“Income tax deduction on loans for EV purchase is an extremely welcome move by the new Finance Ministry. EVs are pricier than usual vehicles as initial cost, hence this will boost adoption. Relief from angel tax is also a big thumbs up and relief for startups. However, better structuring is required for deployment of Fund […]

Aimed at boosting eco-friendly vehicles, Finance Minister Nirmala Sitharaman on Friday proposed to provide additional income tax deduction of Rs 1.5 lakh on the interest paid on loans taken to purchase electric vehicles. The finance minister said the initiative would lead to a benefit of around Rs 2.5 lakh for a customer during the entire […]

The government has reduced the total investment by seven state-owned power companies, including NTPC and Power Grid Corporation, by 23 per cent to Rs 43,667.05 crore for 2019-20, compared with the Revised Estimate of Rs 56,742.49 crore for the previous financial year. The highest cut of 47.34 per cent in the investment has been done […]

In terms of growth in the renewable sector last year, the industry witnessed, various developments that were powered by various policies, reforms and investments as its one focal sector for the government. The continued government support and improved economics attracted more investments in the developmental growth of the sector. However, there was a period where […]

A team of 317 Bangalore Electricity Supply Company (Bescom) officials left for Odisha on Monday to restore power supply network in the cyclone-hit state. A press release said 100 teams of total 1,000 men will be sent to Odisha. Of this, the first batch of 317 men, comprising powermen, joint engineer and assistant engineer left […]