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India energy month in brief - Union budget takeaways


India energy month in brief - Union budget takeaways

Report summary

In this update, we analyse the energy implications of Union Budget presented by India's finance minister, Arun Jaitley, on 29 February. The annual budget is the platform where the government announces its key policy directives. Current initiatives such as the Direct Benefit Transfer scheme for household LPG consumers, auctioning of coal licences and increasing renewable capacity targets to 175 GW by 2022 were first proposed in previous years' budget sessions.

Compared with the previous two budgets by the BJP government, the 2016-17 budget has noticeably fewer big-ticket announcements. The key focus this year is to achieve fiscal responsibility and channel available funds towards rural development. Most of the announcements related to the energy sector are tweaks to existing policies, That said, a number of the previously announced directives are taking shape in 2016.

This report contain our key takeaways from the 2016 Union Budget.


What's included?

This report includes 1 file(s)

  • India energy month in brief - Union budget takeaways PDF - 258.27 KB 5 Pages, 0 Tables, 1 Figures

Description

This Energy Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues within the energy markets, this report gives you an expert opinion and analysis to help inform your decision making.

Analysing over 90 markets, and providing comprehensive coverage of global energy supply and demand, Wood Mackenzie is ideally placed to offer extensive expertise and robust knowledge of the energy markets sector.

Our experienced analysts use over 1,000 data sources and collaborate with colleagues around the world to accurately forecast and identify industry trends based on our objective, proprietary data.

  • Executive summary
    • Fiscal consolidation over growth
    • Pricing reforms to incentivise deepwater gas production
    • Government concedes to upstream operators' demands by linking production levy to oil price
    • Priority given to rural infrastructure development
    • Transport infrastructure investment drive continues
    • Another round of Ultra Mega Power Projects' bidding in the offing
    • Clean energy levy on coal increases
    • Nuclear given a budget boost
  • Conclusion

In this report there is 1 table or chart, including:

  • Executive summary
    • India's GDP growth and fiscal deficit
  • Conclusion
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