Advertisement

Updated October 14th, 2019 at 14:06 IST

India to honour contractual commitments under various energy pacts: FM

Finance Minister Nirmala Sitharaman on Monday assured investors that India will honour contractual commitments under various energy agreements.

India
| Image:self
Advertisement

Finance Minister Nirmala Sitharaman on Monday, October 14, assured investors that India will honour contractual commitments under various energy agreements. "Commitments shall be honoured and investors should not have any concern," Sitharaman said at the India Energy Forum of CERAWeek. Recently, Andhra Pradesh had asked government nodal agencies Solar Energy Corporation of India (SECI) and NTPC to lower tariff of renewable energy projects auctioned by them under concluded power purchase agreements. The investor sentiment was affected due to this, especially in the renewable energy sector.

India will honour commitments under various energy agreements

Read: IYC-NSUI Stage Protest Outside FM Nirmala Sitharaman's House

Read: Nirmala Sitharaman Seeks Tax Experts' Inputs To Correct GST Flaws

Sitharaman further said that the atmosphere to invest will be friendly, and added that tax incidence has been lowered without adding any "ifs and buts". She said, amendments are being made to Companies Act so it doesn't look punitive, and added that course of deep reforms will continue. Earlier, Dharmendra Pradhan expressed hope that natural gas and aviation turbine fuel will be brought under the Goods and Services Tax regime initially. At present, petroleum products like petrol, diesel, ATF and natural gas are out of GST and states levy sales tax on these products.

Read: Sanjay Nirupam Slams Finance Minister Nirmala Sitharaman Amid PMC Scam

Read: Karnataka Floods: Women Congress Workers Protest Against FM Sitharaman

Advertisement

Published October 14th, 2019 at 13:40 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement

Trending Quicks

Air India Express
2 minutes ago
LIVE: BJP Protest Assault on Bengaluru Shopkeeper for Playing 'Hanuman Chalisa' During 'Azan' Time
5 minutes ago
J-K Lok Sabha Elections
10 minutes ago
MNS leader Raj Thackeray
13 minutes ago
Shruti Haasan
14 minutes ago
Rewari Fire on Tuesday
23 minutes ago
Advertisement
Advertisement
Advertisement
Whatsapp logo