Higher fund allocation for integrated power development scheme and Deen Dayal Upadhyaya Gram Jyoti Yojana to bring grid connected power to more villages. The finance minister proposed to create an integrated public sector “oil major.” This will be able to match the performance of international and domestic private sector oil and gas companies. Higher fund allocation for integrated power development scheme and Deen Dayal Upadhyaya Gram Jyoti Yojana to bring grid connected power to more villages. Reduction in taxes on parts, machinery used to manufacture in solar power project components to reduce costs for solar power projects. Development of 20,000 megawatt in the second phase of solar park development scheme offers growth visibility for their solar power divisions

Source: Mint February 01, 2017 21:10 UTC