Power minister supports tax incentives for electric vehicles
Team Udayavani, Jan 24, 2018, 4:23 PM IST
New Delhi: Power Minister R K Singh today made a pitch for tax incentives for electric vehicles and said the ministry will soon come out with regulations for promoting e-mobility in the country. The minister also said that the electricity amendment bill which seeks renewal of distribution licences for discoms among other proposals is likely to be moved in the upcoming budget session.
Addressing an e-mobility conference here, the minister said that tax incentives are needed to promote electric vehicles. The ministry will soon bring in regulations for electric vehicles to address issues such as whether charging is a service for promoting e-mobility in the country.
The power ministry will also do away with cross subsidy in the proposed power tariff policy to promote e-mobility, as nobody will buy power at Rs 11/unit, Singh said. Cross subsidy is provided to fund cheaper power to residential, farmer and poor consumers. Industrial users currently pay cross subsidy. The Niti Aayog in its draft policy has suggested removal of cross subsidy.
Singh said that the electricity amendment bill, which proposes renewal of distribution licences for discoms and a hike in penalty for unscheduled power cuts from Rs 1,000 at present, is likely to be placed in Parliament in upcoming budget session.
Discoms, at present, get licence for life-time. The bill also proposes separation of carriage and content business. This will enable consumers to change service providers like they do for mobile phone services.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
RBI announces MPC schedule for FY25, first rates decision on April 5
Seven out of ten Indian shoppers say they would happily receive product deliveries without additional packaging
Renault Nissan to launch four new products, expand product portfolio
Sensex, Nifty rebound on heavy buying in Reliance Industries, HDFC Bank
IndiGo to fly more international routes, destinations; aims doubling size by 2030: CEO Pieter Elbers
MUST WATCH
Latest Additions
Rs 20.14 cr unaccounted cash seized in poll run up in Karnataka
HC grants bail to man held for sexually assaulting ‘friend’ at Mumbai beach in 2021
Congress’s Kolar conundrum remains unsolved despite CM, DCM attempt to quell dissent
Mangaluru: Illegal slaughterhouse raided by police, Three arrested
‘No evidence of wrongdoing’: CBI closes UPA-era Air India aircraft leasing