1 vote
The economic survey for 2009-10 highlighted an increase in coal and crude production, reduction of power peak deficit and a slowdown in demand for power. This augurs well for the Indian energy situation. In light of the positive picture presented by the economic survey, Budget 2010 was expected to provide sufficient fiscal incentives for two key sectors of Indian economy viz coal and power. Power Sector Finance minister Pranab Mukherjee s Budget speech highlighted the globally increasing emphasis on renewable energy. To begin with, the government has laid out an ambitious plan to set up 20,000 mw of solar power by ...