Indian government’s Rs 344 bn bonanza for solar sector
The Government of India has approved the launch of KUSUM (Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme, to promote the use of solar powered agriculture pumps by farmers and installation of small renewable power plants (500 KW to 2 MW) by farmers/cooperatives/panchayats on their lands, with a funding support of Rs 344.22 billion.
Safeguard Duty: A Trade Barrier
The domestic manufacturers have had a long history of conflict against the imported solar components as foreign (Chinese) suppliers continued dumping solar components in India at a much lower rate than the existing market price. Therefore, the domestic manufacturers requesting the Government of India to safeguard the domestic industry growth was quite a valid appeal.
Now Power Up Aadhar!
The recent verdict of the Supreme Court regarding the Aadhar Act is indeed historical. Although, database privacy is a matter of concern and with India's top most court respecting it, from now on the private entities have been barred from using Aadhar for KYC authentication purpose.
A Ray of Hope, Amid the Gloom
Amidst the chaos seen in the power sector, with 22,000 MW thermal power projects lying idle for the need of coal or gas and lenders taking power generating assets to National Company Law Tribunal (NCLT) to recover dues, the transmission sector- with longer life cycle and lower risks- has exhibited the only ray of hope for investors and developers alike.
Brightening up Households
Uninterrupted and quality power supply is a precursor to economic development for any country. Electricity transforms people's lives and spurs them towards a better future.
Remove Pitfalls on Way to Targets
Despite the Centre's thrust to renewable energy, state governments are not an active party to the renewable energy wave. If the Centre and states collaborate, things would be easier for achieving targets.
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