"There is no option, but to import coal," says Power Minister, Jyotiraditya Scindia who is determined to make coal price pooling, a reality soon.
The finance minister has announced the generation-based incentives for wind-energy projects. The Budget has provided low cost finance for viable renewable energy projects and has anounced a policy on shale gas-based revenue-sharing.
In an interview to CNBC-TV18 NK Jain tells the cut in custom duty and reduction in imported coal duty is a welcome move for the ailing power sector. He also says that factors like hike in central excise and service tax will add some burden to the sector.