It is no secret that the explosive growth in the wind energy sector in India is chiefly attributed to the accelerated depreciation incentive that has been adopted. AD is a mechanism through which project developers can show that their asset has depreciated at a significantly faster rate over its life thereby reduce their tax liabilities. [...]
Long reeling under indefinite delays and lack of consensus at the various talks, the Kyoto protocol has been given a new lease of life. The protocol, set to expire in 2012 had not been renewed for some time now as the various nations of the world could not agree on the contents of a legally [...]
The government is considering a cess on natural gas produced in the country to finance the expansion of gas pipeline network. The proposed cess could be used for constructing 500 to 600 km of gas pipeline. If the cess was pegged at Rs.9 per one million British thermal units, Rs.3,000 crore could be generated annually [...]
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