Reliance, Tata Power in race for $2.4-billion solar module incentive

Reliance Industries and Tata Power, in addition to global corporations like First Solar, are competing for India`s $2.4-billion economic incentive scheme to sell home sun module production and decrease dependence on imported panels from China, Bloomberg said on March 2.

Other involved events consist of JSW Energy, Avaada Group and ReNew Energy Global.Adani Group, one in all India’s biggest sun panel manufacturers, did now no longer take part withinside the bidding process, as in step with the report.

The economic help is a part of Prime Minister Narendra Modi`s purpose to show the state right into a production powerhouse, growing extra jobs withinside the financial system and lowering imports which could drain overseas exchange.

PM Modi’s “Make in India” marketing campaign is an attempt to exhibit the u . s . a . as an opportunity to China amid a worldwide push to diversify deliver chains withinside the wake of the pandemic.

The authorities is supplying presents to take the u . s . a .`s module-making ability to as plenty as ninety gigawatts via way of means of monetary 2026, sufficient to fulfill its very own necessities and serve export markets.

The bids, being carried out via way of means of state-run Solar Energy Corp., closed Feb. 28, after being prolonged more than one times.

Comments

ICICI BANK LOAN FRAUD: CBI FILES CHARGE SHEET AGAINST KOCHHARS

The CBI has filed a rate sheet towards former MD and CEO of ICICI Bank Chanda Kochhar, her husband Deepak Kochhar and Videocon Group founder Venugopal Dhoot in a Rs 3,250 crore mortgage fraud case, officers stated on Saturday. The enterprise has filed the rate sheet beneathneath sections 120-B (crook conspiracy) and 409 (crook breach of trust) of the Indian Penal Code (IPC) and provisions of the Prevention of Corruption Act, amongst others, they stated. The Central Bureau of Investigation (CBI) has named 9 entities, together with bsinesses and individuals, in step with the officers. The CBI has moved to report its very last document earlier than a unique courtroom docket in Mumbai with out the required requirement of sanction to prosecute Chanda Kochhar from ICICI Bank, the officers stated. A letter were despatched to the financial institution in search of the sanction however its reaction is awaited, they stated. Generally, the unique courtroom docket waits for the sanction earl...

FINANCIAL YEAR JUST GOT OVER. WHERE DO I THROW THESE TAX DOCUMENTS NOW

With monetary 12 months 2022-2023 finishing some days back, you may be tempted to push the tax-saving funding proofs to the back-burner. If you do now no longer hold a file, begin one. Even aleven though you or your business enterprise do now no longer want to publish helping files at the same time as submitting earnings-tax returns, there will be conditions while you'll be requested to supply them. The Income-Tax branch ought to call for those proofs, if the go back is picked up for scrutiny or re-evaluation. If so, you'll must produce them in 30 days. WHAT ARE THOSE FILES? They could encompass Form 16, funding evidence or top class fee receipts of your existence and fitness insurance, evidence of investments in equity-related financial savings schemes (ELSS), reproduction of Public Provident Fund (PPF) passbook or a stamped deposit receipt. Home lease agreements or even tour tickets for go away tour allowance (LTA) must be preserved. Additionally, in case you need to assert...

HEALTH INSURANCE: 5 REASONS WHY IT IS A VITAL INVESTMENT FOR THE YOUNGER GENERATION

The fitness of an man or woman is the maximum crucial factor in life. It is critical to guide a healthful and snug life. In India, the more youthful era is regularly ignorant of the significance of medical health insurance and the want to put money into it. Health coverage is an crucial device for monetary safety towards clinical emergencies and different fitness-associated troubles. It enables to cowl the price of clinical remedies, surgeries, hospitalization and different clinical fees. The more youthful era in India faces diverse demanding situations together with growing unemployment and inflation, in conjunction with life-style modifications which could motive fitness problems. Health coverage can assist to guard them from the monetary burden of clinical fees and might offer get admission to to high-satisfactory healthcare. In this article, we define a few foremost motives why more youthful generations must have a tremendous outlook on medical health insurance. THE GROWING P...

Themoneygrowth

Search This Blog