GST Rates Cut, Affordable Housing Redefined
The slash in GST rates to 5 per cent without ITC from the previous 12 per cent with ITC for premium homes, and to 1 per cent minus ITC for affordable homes from the earlier 8 per cent, gives the beleaguered realty sector the much-needed breathing room and will certainly help it maintain some forward momentum in 2019.
Farmers to pay only 10% cost of solar pumps under Budget scheme
The country’s farmers are likely to witness government’s generosity owing to the schemes announced in Budget 2018. According to Power Minister R K Singh, the Indian farmer will effectively bear only 10 per cent of cost for solarising his agricultural pump under a scheme unveiled in the Budget 2018-19.
Solar: Policy consistency is imperative
The solar capacity in the country has crossed barely 16 GW in November 2017. That leaves a lot of road to be covered before achieving the envisaged target of 100 GW by 2022.
Awards - 2016-2017
The cover story titled 'StUMPPed!!!' highlights the plight of UMPPs of Tata Power and Adani Power in the light of rise in coal prices due to change in regulations by Indonesia and Australia. But can India afford to forsake such huge assets built assiduously, is the question it raises.
Govt cuts IREDA’s borrowing target for 2017-18
Government has lowered the estimated borrowing target of IREDA by a massive 34 per cent to Rs 8,043.31 crore in Budget 2017. The revised budgetary borrowing for FY2016-17 stood at Rs 12,212.60 crore.
The Union Budget is full of sops for solar - in terms of investment, village electrification and taxes. But, it calls for building renewable power compatible T&D infrastructure on a war footing.
Not exactly an “Electrifying” Budget
Our power sector is not exactly firing on all cylinders. The bedrock of this sector, our thermal power plants, which anyway employ most workmen and host most investments, are doing rather badly, reflected in year-to-date plant load factor of only 59 per cent - the lowest in 10 years!
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