Ministry of Finance

Ministry Of Finance Grants Navratna Status To SECI, NHPC And SJVN

In a significant indicator of their growing stature and performance, the Ministry of Finance recently conferred ‘Navratna’ status to three Central Public Sector Enterprises (CPSE) namely, Solar Energy Corporation of India (SECI), National Hydroelectric Power Corporation (NHPC), and SJVN to develop and expand Renewable Energy (RE) capacity in India under the Ministry of New and […]

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MoF Recommends 762 USD/MT, 908 USD/MT Anti-Dumping Duty On Fluoro Backsheets From China

As part of the initiatives to protect the domestic industry, the Union Ministry Of Finance recommended on June 15 the imposition of anti-dumping duty on imports of Fluoro Backsheet excluding transparent backsheet, (FBETB) originating in or exported from China and imported into India. A polymer-based component used in the manufacture of solar modules, Fluoro Backsheet […]

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Maldives seeks bids for grid modernisation under World Bank-aided project

The Maldivian Ministry of Finance has invited bids for the delivery of grid infrastructure works to support grid modernization as well as the integration of solar PV in the network on 15 islands. The Government of the Republic of Maldives has received financing from the World Bank toward the cost of the ‘Accelerating Renewable Energy […]

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Around 20 Indian States Commit to Power Sector Reforms

Almost 20 states expressed interest in benefitting from power sector reforms in 2020 on account of incentives by way of increased market borrowing space, Ministry of Power (MoP) recently said in an official statement. The Ministry of Finance launched a programme in June 2021 to allow additional borrowing space to state governments on the condition that […]

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German Dev Bank to Partly Fund Surat Metro; Depots to be Solar-powered

The Government of India and the German Development Bank – KFW (Kreditanstalt für Wiederaufbau) – have signed a Euro 442.26 million loan for the Surat Metro Rail project, according to a recent official statement released by the Ministry of Finance. The project aims to harness solar energy at both depots of the Surat Metro in […]

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Serbia to Develop 11.3 GW of Solar and Wind Power Projects

Serbia has released its draft program of economic reforms for the period 2022-2024, which envisages the implementation of state projects for the construction of wind farms with a capacity of 3,000 megawatts (MW) and solar power plants with a capacity of 8,300 MW. Serbia drafts the economic reforms program every year as a candidate country […]

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Economic Survey-India Needs $206 Bn for 2030 SDGs Agenda

The Ministry of Finance of GOI, in its Economic Survey 2020-21 released on January 29, 2021has also devoted a chapter to “Sustainable Development and Climate Change”. agenda India and the SDGs: The agenda 2030 for sustainable development with 17 Sustainable Development Goals (SDGs) and 169 associated targets comprises a complete developmental agenda integrating social, economic, and […]

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Delay in Imposition of BCD on Solar Equipment Impacting Investments: CII

CII has urged the finance ministry to impose the BCD on solar equipment, stressing that the delay in implementation is impacting investments. The Confederation of Indian Industry (CII) in a written memorandum to the Ministry of Finance has urged the ministry to impose the planned basic custom duty (BCD) on solar equipment as announced in the last general budget, stressing […]

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NSEFI Pitches For A 6 Months Extension Across Solar Projects

The New Delhi-based NSEFI (National Solar Energy federation of India) has pitched for a clean 6 month extension for solar projects at various stages  of completion, citing multiple causes for delays beyond the lockdown period laid down by the MNRE. The body, an umbrella federation of stakeholders in the solar energy sector, sent a letter […]

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