An important step forward, but falls short of becoming an instrument of green recovery. The much awaited draft policy on vehicle scrappage is finally out. This outlines the incentives for scrapping, criteria for defining the end-of-life vehicles, and makes provision for scrapping facilities for safe disposal of waste and material recovery. This is certainly an […]
The Ministry of New and Renewable Energy (MNRE) recently announced imposing basic customs duty (BCD) on imported solar cells and modules that will come into effect starting April 1, 2022. The ministry has imposed 40 % BCD on solar modules and 25% on solar cells . Sumant Sinha, CMD, ReNew Power sharing his views on […]
Dinesh Patidar, Chairman & Managing Director, Shakti Pumps India Ltd sharing his views on the Budget 2021 said : “In this budget visionary approach has been adopted, health services have been given more emphasis keeping in mind the circumstances arising out of pandemic like COVID-19. The basic need of almost all sectors has been taken […]
Tulsi Tanti, Chairman Suzlon Group and Indian Wind Turbine Manufacturers (IWTMA) speaking on the Budget 2021 said “I am particularly inspired by the Union Budget presented by our FM . It has the right set of priorities and initiatives required to stimulate our nation’s economy post the COVID 19 crisis. The budget is bold and focusses […]
The Union Finance Minister Nirmala Sitaraman in her Budget 2021 speech announced a slew of taxation reforms along with an increased spending on healthcare , power and other sector. Sharing his views on the Budget 2021 Sumant Sinha – Chairman and MD, ReNew Power said “It is a growth oriented and forward looking Budget. “ […]
Sharing his views on the budget 2021 Nagesh Basavanhalli, Group CEO & MD, Greaves Cotton Limited said “Long term progressive budget built on sound strategy for improving national health and economic recovery. The government’s resolve to support manufacturing and infrastructure sector is commendable. The emphasis on government spending in building pan-India transport and allied infrastructure […]
Dr. Rahul Walawalkar, President, India Energy Storage Alliance (IESA) shared his views on the Budged 2021 tabled by Finance Minister Nirmala Sitaraman on February 1st . Here is what he said :- Scrapping Policy The announcement about the vehicle scrappage policy is a great opportunity and a welcome step. Under IESA’s EV Adopters Circle, we […]
Anil Gupta, Chairman & MD, KEI Industries Ltd said : “The prime objective of Budget’21 is to boost and revive the economy that suffered a major setback due to the global pandemic COVID-19 while also increasing the purchasing power of the customers. Allocation of Rs 3.05 lakh crore outlay over 5 years for a more […]
Speaking on the expectation of the EV industry from budget 2021 Nagesh Basavanhalli, Group CEO & MD, Greaves Cotton Limited said-India has embarked on the electric vehicles journey with several initiatives being undertaken by the government in recent past. However, we need to keep the focus constant to accelerate EV growth in the country. In […]
The Finance Minister Nirmala Sitharaman on Friday presented the Economic Survey that details the state of the economy ahead of the government’s Budget for fiscal year beginning April 1, 2021. Reacting to the Economic Survey Sumant Sinha CMD, ReNew Power and Sr Vice President, ASSOCHAM said “It is heartening to note that the economic survey recognises the […]
