States granted financial incentives to boost power sector reforms
In a significant move to strengthen the power sector and encourage reforms, the Department of Expenditure, Ministry of Finance, has provided financial incentives to states in India.
Union Budget 2021-22
The latest Union Budget 2021-22 news, analysis and data from India and across Asia, reported by Energy Asia.
More Union Budget 2021-22 news
Budget augments capital of SECI and IREDA
Finance Minister Nirmala Sitharaman in her budget speech 2021-22 announced capital Augmentation of Solar Energy Corporation of India Limited (SECI) and Indian Renewable Energy Development Agency…
Kerosene subsidy eliminated via small price hikes
Government has eliminated subsidy on poor man's fuel kerosene through small fortnightly price increases and the fuel sold through the public distribution system (PDS) is now…
Chromeni Steels welcomes proposal to rollback steel duties
Chromeni Steels Private Limited has welcomed recently announced budget 2020-21 proposal to revoke provisional countervailing duty imposed on Flat rolled products of stainless steel.
Govt holds BCD but hikes duty on solar inverters, lamps
Government proposed to raise import duty on solar inverters and lanterns or lamps but did not go ahead with its plan to impose basic custom duty…
Total investments by power PSU to rise 19% to Rs 60,000 cr
Government has increased total investments by eight state-owned power companies, including REC Ltd, by over 19% to Rs 59,990.52 crore for 2021-22.
Rs 3L Cr scheme to provide assistance to DISCOMs
Nirmala Sitharaman in her budget speech of 2021-22, proposed an outlay of Rs 3,05,984 crore over 5 years to provide assistance to DISCOMS for infrastructure creation
Highest ever capital outlay of Rs 1,08,230 crore for MoRTH
Nirmala Sitharaman announced several measures to augment road infrastructure in the Union Budget 2021-22 presented in the Parliament. An enhanced outlay of Rs 1,18,101 crore has…
National Rail Plan to create Future Ready Railway System
Indian Railways has received a record outlay of Rs 1,10,055 crore, of which Rs 1,07,100 crore is for capital expenditure.
National Infrastructure Pipeline DFI proposed to be set up
Minister for Finance, Nirmala Sitharaman announced that in order to achieve the target of National Infrastructure Pipeline (NIP) in the coming years.