Big News: Government of India notifies multiple production-linked incentive schemes; Gujarat launches its action plan for climate change; Kerala tops Sustainable Development Goals India Index; Punjab creates a special purpose vehicle for running multi-village water supply schemes; and more.

Industrial Policy & Business Regulations

Gujarat launches its long-term action plan to address climate change. The plan focuses on nine thematic groups including forests and biodiversity, sea-level rise and coastal infrastructure, energy efficiency and renewable energy, and green jobs. Source: Newsroom Post; In detail: Chief Minister’s tweet

Kerala announces its revised budget for the financial year 2021-22. The budget estimates the state’s total receipt and expenditure at $24.23 billion and $20.27 billion, respectively. Source: The Hindu; In detail: Budget speech

Land Acquisition & Labor Regulations

Nothing critical to report this week

Infrastructure & Governance

Kerala tops NITI Aayog’s latest Sustainable Development Goals India Index 2020-21. The index evaluates the progress of states and union territories on social, economic, and environmental parameters. Source: Times of India; In detail: SDG Index

Oil & Gas

Nothing critical to report this week

Water & Sanitation

Punjab creates a special purpose vehicle (SPV) for the operation and maintenance of large multi-village surface water supply schemes within the state. A seed funding of $3.4 million is allocated to the SPV from the World Bank fund and the state budget. Source: The Hindu; In detail: Press release

Power & Renewable Energy

Nothing critical to report this week


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

The Reserve Bank of India (RBI) doubles the loan restructuring limits for micro, small and medium enterprises (MSME). The maximum aggregate exposure threshold for MSMEs, non-MSME small businesses, and individuals for business purposes is enhanced from $3.4 million to $6.85 million. Source: Times Now; In detail: RBI Press release

The government of India notifies production-linked incentive schemes for air-conditioners (AC) and light-emitting diode lights (LED); telecom and networking equipment; and pharmaceuticals. Source: Press Release; In detail: Press Release (ACs & LEDs); Press Release (Telecom); Press Release (Pharmaceuticals)

The Ministry of Power publishes a discussion paper on redesigning the Renewable Energy Certificate (REC). The paper proposes to make RECs valid in perpetuity. REC is a market-based instrument that certifies the bearer owns one megawatt-hour of electricity generated from a renewable energy resource. Source: Business Line; In detail: Discussion Paper

The Central Electricity Regulatory Commission issues draft ancillary services market regulations. Ancillary services are necessary for maintaining the power quality, reliability, and security of the grid. Source: Financial Express; In detail: Draft Notification