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Finance Ministry Clarifies 10 Percent Customs Duty on Stationary and Grid-Scale BESS

The Ministry of Finance has clarified that stationary, grid-scale and industrial lithium-ion BESS qualify for a concessional 10 percent Basic Customs Duty (BCD), while consumer power banks remain subject to the applicable 20 percent tariff rate.

Ministry Of Finance | October 13, 2026 | By Mrinmoy Dey | 1056

India Extends Countervailing Duty on Malaysian Solar Glass Imports for Five More Years

India has extended countervailing duties on solar glass imports from Malaysia for another five years, retaining levies of 9.71 percent to 10.14 percent to protect the domestic solar manufacturing industry from subsidised imports.

Ministry Of Finance | June 03, 2026 | By Mrinmoy Dey | 1285

MNRE, Finance Ministry in Talks for New Floating Solar and Agri-PV Scheme: Sarangi

The Ministry of New and Renewable Energy is engaging with the Finance Ministry on new schemes for floating solar and agrivoltaics to drive land-efficient renewable energy expansion, MNRE Secretary Santosh Kumar Sarangi said.

Ministry Of Finance | December 01, 2025 | By Mrinmoy Dey | 1704

PSBs Sanction INR 10,907 Crore Loans for Over 5 Lakh Applications Under PM Surya Ghar Yojana

Public Sector Banks have sanctioned over 5.79 lakh loan applications worth INR 10,907 crore under the PM Surya Ghar Muft Bijli Yojana. PSBs have also offered several enhancements such as inclusion of co-applicants and removal of capacity-based caps to expand the scheme’s reach.

Ministry Of Finance | October 08, 2025 | By Mrinmoy Dey | 1022

MNRE Advises RE Agencies to Comply with GFR Rules, Avoid Short-Window Bids

MNRE has issued an advisory directing renewable energy agencies to ensure compliance with procurement rules and avoid issuing tenders with unusually short submission timelines.

Ministry Of Finance | October 06, 2025 | By EI News Network | 1929

CBDT Grants Section 54EC Tax Benefit Status to IREDA Bonds

The Central Board of Direct Taxes has notified bonds issued by IREDA as ‘long-term specified assets’ under Section 54EC of the Income-tax Act, enabling tax exemptions on capital gains for investors and boosting low-cost financing for renewable energy projects.

Ministry Of Finance | July 10, 2025 | By Mrinmoy Dey | 958

India Slaps Five-Year Anti-Dumping Duty on Solar Glass Imports from China, Vietnam

India has imposed up to USD 664/tonne anti-dumping duty on Chinese and Vietnamese solar glass imports for five years to protect domestic manufacturers, following DGTR's investigation.

Ministry Of Finance | May 09, 2025 | By EI News Network | 3518

India to Launch Indigenous Wireless EV Charger Soon

India has more than 45 lakh registered EV vehicles, C-DAC (T) and VNIT Nagpur have announced the launch indigenous wireless chargers to meet the growing requirements.

Ministry Of Finance | May 09, 2025 | By News Bureau | 2367

Govt Issues Draft Framework for Climate Finance Taxonomy

The Finance Ministry has released a draft framework for India’s Climate Finance Taxonomy to facilitate greater resource flow to climate-friendly technologies and activities enabling India to achieve the vision of being Net Zero by 2070 while ensuring long-term access to reliable and affordable energy.

Ministry Of Finance | May 08, 2025 | By Mrinmoy Dey | 4344

India Surpasses 850,000 Rooftop Solar Installations, Reaffirms RE Goal

India has exceeded 850,000 rooftop solar installations under PM-Surya Ghar, moving towards its 10 million-household goal. At FICCI’s summit, Minister Pralhad Joshi reaffirmed India's 500 GW renewable target by 2030, emphasising policy support, financial backing, and collaborative efforts.

Ministry Of Finance | January 30, 2025 | By EI News Network | 1634