News Brief | January 2014
Government to promote renewable energy
The government is giving various fiscal and financial incentives, such as capital/interest subsidy, generation based incentives, accelerated depreciation, concessional excise and customs duties for the promotion of renewable energy sources in the country. The other steps to promote renewable energy are setting up of demonstration projects, intensive resource assessment, development of power evacuation and testing facilities, etc. A total amount of Rs. 690 crore has been allocated and an amount of Rs 427 has been disbursed for various activities under the Jawaharlal Nehru National Solar Mission (JNNSM) during the current financial year 2013-14.