India to honour contractual commitments under various energy pacts: FM

Finance Minister Nirmala Sitharaman on Monday, October 14, assured investors that India will hour contractual commitments under various energy agreements. "Commitments shall be houred and investors should t have any concern," Sitharaman said at India Energy Forum of CERAWeek. Recently, Andhra Presh h asked government dal ncies Solar Energy Corporation of India (SECI) and NTPC to lower tariff of renewable energy projects auctioned by m under concluded power purchase agreements. investor sentiment was affected due to this, especially in renewable energy sector.

India will hour commitments under various energy agreements

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Sitharaman furr said that atmosphere to invest will be friendly, and ded that tax incidence has been lowered without ding any "ifs and buts". She said, amendments are being me to Companies Act so it doesn't look punitive, and ded that course of deep reforms will continue. Earlier, Dharmendra Prhan expressed hope that natural gas and aviation turbine fuel will be brought under 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 se products.

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