CBDT Notifies IREDA Bonds as Tax-Saving Option for Green Energy
In a significant step to enhance renewable energy financing in India, the Central Board of Direct Taxes (CBDT), operating under the Ministry of Finance, announced that bonds issued by the Indian Renewable Energy Development Agency Ltd. (IREDA) would be classified as 'long-term specified assets' under Section 54EC of the Income-tax Act, 1961.The notification, which took effect on July 9, 2025, enables investors to claim tax exemptions on long-term capital gains by investing in IREDA bonds. As per Section 54EC, individuals can invest up to ₹50 lakh in these bonds within six months of realizing..
John Cockerill Advances with Acquisition of McPhy Energy
John Cockerill Hydrogen has acquired key assets from McPhy, securing the future of the Belfort Gigafactory in France and preserving approximately 50 skilled jobs. The acquisition is aimed at accelerating the development of next-generation pressurised alkaline electrolysers, which are essential for advancing clean energy technologies and supporting the decarbonisation of heavy industry.The Belfort Commercial Court approved the transaction, ensuring the continued operation of this strategic facility and reinforcing France’s position in the hydrogen sector. Nicolas de Coignac, CEO of John Cocke..
Rajasthan Becomes Leading Hub for Decentralized Solar Power
Rajasthan is quickly emerging as a leading centre for decentralized solar energy in India, complementing its broader progress in the solar power sector. This development was recently highlighted by Arti Dogra, Chairman of the state's power distribution companies (DISCOMs), who pointed to the state's consistent advancements in renewable energy.Dogra noted that Rajasthan had made remarkable strides in decentralized solar power over the past year. She attributed this progress to the effective on-ground implementation of the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (Kusum Yojana),..
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