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Green India: Govt to increase renewable power generation to 29,800 MW, says Goyal

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By Newsgram Staff Writer

India ranks 4th in the world in terms of energy generation and the government is planning to increase its productivity, with a special emphasis on the green energy sector, said Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy in Rajya Sabha.

He said that the Ministry of New and Renewable Energy is increasing its renewable energy generation target to 29,800 MW. This will include 15,000 MW from wind, 10,000 MW from solar, 2,100 MW from small hydro and 2,700 MW from bio-power.

The minister told the house that the government is providing a range of fiscal and financial incentives for the promotion of renewable energy under various schemes. For solar power generation, the ministry is implementing a ‘Grid Connected Rooftop and Small Solar Power Plants Programme’ that encourages the installation of solar rooftop systems apart from giving subsidies for the same.

The government has decided to reduce the subsidy on rooftop solar power plants to 15% from 30% due to the decline in price of solar panels, Goyal said and added,” The Department of Financial services has also instructed the Public Sector Banks  to encourage home improvement loan seekers to install rooftop solar PV plants and include cost of system in their home loan proposals.”

The ministry has also released a total of Rs. 957 crore towards Generation Based Incentive (GBI) for wind power producers to promote wind power projects through private sector investment.

Piyush Goyal also shed light on the ministry’s decision to increase renewable energy production and consumption in the agrarian sector. A solar pumping program has been launched for irrigation and drinking water for 1,00,000 pumps during 2014-15. The Minister further stated that for this purpose, Rs 400 Crores have been allocated for current Financial Year.

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Finance Minister Appeals To Insist On Bill For Every Purchase

the government would start a three-digit consumer helpline number

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Finance Minister Appeals To Insist On Bill For Every Purchase
Finance Minister Appeals To Insist On Bill For Every Purchase. Flickr

Seeking consumers’ participation in curbing tax evasion, Finance Minister Piyush Goyal on the eve of completion of one year of GST rollout on Saturday appealed to them to insist on bill for every purchase saying it would help the government check evasion and reduce tax rate on each item by as much as 4-5 per cent. He further said the government would start a three-digit consumer helpline number to enable them to lodge complaint against erring traders or any other kind of tax evasion.

Touted as the biggest indirect tax reform since Independence, the Goods and Services Tax (GST) was rolled out last year on July 1. “I want to appeal to the people that they should demand a bill whenever they go to purchase any goods. If you start asking for a bill…if there’s awareness about this, then we can reduce rates by 4-5 per cent for every item (under GST),” Goyal told reporters here.

He said if any shop says that they will sell at a lower price if the consumer does not demand a bill, then the consumer should immediately file a complaint, he said. “We will soon provide a three-digit simple number which will work as a call centre where customers can complain. We will ensure full confidentiality of the complainant,” Goyal said. The endeavour will be to start the helpline number within 15-20 days, he said. A nationwide campaign too could be launched for creating consumer awareness about demanding bills for purchases made. “If everyone starts giving bill then competition will be on quality and customer service and not on ability to cheat the system,” Goyal said. He further said the government wants to reduce the burden of taxation on consumers but revenue needs to increase and support of states is also needed to cut rates where it is essential.

bills
bills owing. Flickr

With formalisation of economy, the government will have more elbow room to reduce rates, he said.

Also read: Out of Total Tax Fine of $15 billion, Apple Pays $1.77 billion to Irish Government

Goyal also assured small businesses if they face any trouble, then they can write to him and it would be resolved. He said amendments would be introduced to the GST law in monsoon session to increase composition scheme threshold from the current Rs 1 crore. The GST Council had last year decided to increase the threshold to Rs 1.5 crore and also decided to amend the law to increase the statutory threshold to Rs 2 crore. (IANS)