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While the trade between India and Lao PDR is still below potential, India has extended Duty Free Tariff Preference Schemes to Lao PDR, encourage exports of goods from Lao PDR to India.
While the trade between India and Lao PDR is still below potential, India has extended Duty Free Tariff Preference Schemes to Lao PDR, encourage exports of goods from Lao PDR to India.
Tariff rationalization measures including providing flexibility to the developers to determine tariff by back loading of tariff after increasing project life to 40 years, increasing debt repayment period to 18 years and introducing escalating tariff of 2%;
This will replace the present procedure of charging royalty which is equal to the percentage of Gross revenue, quoted during bidding, calculated on the basis of upfront normative tariff ceiling prescribed by Tariff Authority for Major Ports (TAMP).
Policy initiatives including revised Tariff Policy and the Electricity (Amendment) Bill 2020 to redress the problems afflicting the power sector were discussed.
The minister also said that Petroleum and Natural Gas Regulatory Board (PNGRB) is working on rationalization of tariff to make natural gas affordable in every part of the country.
Ministry of Power India prepares for a change in Electricity sector through Proposed Electricity (Amendment) Bill 2020 While giving clarity on electricity tariff fixation, the Union Power Minister stated that the powers of tariff fixation remains with SERCs.
The Vice President said that India stands ready to extend Lines of Credit in projects of renewable energy sector in Mali adding that India has already extended Duty Free Tariff Preference Scheme to Mali and Indian importers are availing the benefits.
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