The deadline for approval of projects also extended to March 31, 2021.
In an interview with CNBC-TV18's Shereen Bhan, Economic Affairs Secretary Shaktikanta Das talked about the Cabinet decisions announced today: sops for the textile sector, spectrum auction as well as extension of UDAY scheme.
"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.