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Big News: Five states announce a hike in their electricity tariffs; Goa announces its budget for the financial year 2022-23; Maharashtra revises its property rates; Karnataka announces its renewable energy policy; and more.

Industrial Policy & Business Regulations

Goa announces its budget for the financial year (FY) 2022-23. The budget estimates the state’s total receipt and expenditure at $2.72 billion and $2.81 billion, respectively. Source: The Hindu; In detail: Goa Budget

Jharkhand cabinet approves amendments to its excise policy. Through these amendments, the government aims to take control of the wholesale and retail sales of liquor within the state. Source: Business Standard; In detail: Cabinet Decisions (In Hindi)

Land Acquisition & Labor Regulations

Maharashtra raises its ready reckoner rates (RRR) by five percent for FY 2022-23. RRR is a standard rate fixed by the state government for property transactions. Source: Bloomberg Quint

Infrastructure & Governance

Tamil Nadu raises its property tax in the range of 25 percent to 150 percent. The government has set multiple tax slabs for residential, commercial, and industrial properties within the state. Source: Indian Express; In detail: TN Minister’s Twitter (Tamil)

Climate Change

Odisha launches its portal to allow online application of subsidies for electric vehicle purchases within the state. Source: Times of India; In detail: Transport Authority’s Tweet

Oil & Gas

Nothing critical to report this week

Water & Sanitation

Arunachal Pradesh, Manipur, Meghalaya, Sikkim, Tripura, and Himachal Pradesh qualify for performance incentive grants under the Jal Jeevan Mission (JJM). JJM is a Ministry of Jal Shakti initiative aiming to provide piped water to every household in India by 2024. Source: E Pao; In detail: Press Release

Power & Renewable Energy

Karnataka cabinet approves its renewable energy policy for 2022-2027. The policy proposes a target of developing ten gigawatts of renewable energy projects within the state. Source: The Hindu; In detail: Karnataka Renewable Energy Policy

Andhra Pradesh increases its electricity tariff for domestic consumers. The increase is in the range of $0.005 and $0.02 per kilowatt-hour (kWh) in six different slabs of domestic consumption. Source: Business Standard; In detail: Tariff Order (Vol 1, Vol 2)

Madhya Pradesh increases its electricity tariff by 2.64 percent and 1.4 percent per kWh for domestic and industrial consumers, respectively. Source: Times of India; In detail: Tariff Order

Himachal Pradesh increases its electricity tariff by $0.002 per kWh for all consumer categories. Source: Hindustan Times; In detail: Tariff Order

Himachal Pradesh increases Levelized Tariffs for solar projects of up to five megawatts (MW) for FY 2022-23. The increase is in the range of 10 to 11 percent per MW. Source: Mercom; In detail: Order

Himachal Pradesh increases the subsidy for the rooftop solar power plant from $52.73 to $79.1 per kilowatt. Source: The Tribune; In detail: Approved Rates

Mizoram increases its electricity tariff from $0.096 to $0.103 per kWh for all categories of consumers. Source: East Mojo; In detail: Tariff Order

Uttarakhand increases its electricity tariff by 2.68 percent for domestic consumers in the state. The increase is in the range of $0.0013 to $0.0039 per kWh. Source: The Print; In detail: Tariff Order

Health

Nothing critical to report this week

Business Negative Reforms

Nothing critical to report this week

Any Other

Nothing critical to report this week

Center – State Relations

Central Electricity Regulatory Commission caps the electricity price on power exchange from $0.26 to $0.15 per kWh. Source: Economic Times; In detail: Order