The duty cut, effective Sunday, has a revenue implication of Rs 1 lakh crore annually for the Centre, which coupled with the earlier duty cut of November 2021 will result in a total revenue loss of Rs 2.2 lakh crore a year, she said.
'We have seen that it is the fourth country in the world, when we consider installing capacity of renewables. And we have seen out there that they are raising the ambition for (renewable energy capacity) from 450 to 500 gigawatts by 2030.'
Low coal stocks at a majority of India’s thermal power plants have led to power outages across several states including Uttar Pradesh, Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Tamil Nadu, Karnataka, Punjab, Jharkhand, and Bihar.
India has been increasingly looking at international trade as a key engine of economic growth. Earlier this year, it concluded a Comprehensive Economic Cooperation Agreement with the UAE and an interim trade deal with Australia.
The Prime Minister has noted that certain states have not reduced VAT; states have attributed rising fuel prices to central taxes. How is fuel taxed, and how are collections shared between the Centre and states?
A government official told The Indian Express that Railways will increase the number of rakes for transporting coal to powerhouses to 415 per day from about 380 in the first half of April, after a review meeting by the Ministers of Home, Power, Railways, and Coal.
The Competition Commission of India has noted that downstream commercial interest of Swiggy and Zomato through private labels and cloud kitchens may affect platform neutrality and requires detailed examination.
Indian Oil Corporation (IOC), Larsen & Toubro (L&T), and ReNew Power (ReNew) have signed a binding term sheet to set up a Joint Venture (JV) company to develop the green hydrogen sector in India. How will the JV help develop the green hydrogen sector?
The agreement will also give about 85 per cent of Australia’s exports zero-duty access to the Indian market, including coal, sheep meat and wool, and lower duty access on Australian wines, almonds, lentils, and certain fruits.
The Ukraine war has led to a disruption in the supply of coal by Russia, which is unlikely to be fully replaced by other suppliers. The shortage, leading to high prices, has pushed up spot power tariffs on the India Energy Exchange.
In a first, India has included government procurement in the India-UAE Comprehensive Economic Partnership Agreement. Why is this significant? What are key industry concerns? What protections are included for the domestic industry?