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Big News: Tamil Nadu forms a state-owned company to take action on climate change; Haryana notifies a commencement date for its job reservation policy; 22 states and union territories reduce the value-added tax on petrol and diesel; Punjab reduces electricity tariffs; and more.

Industrial Policy & Business Regulations

Haryana notifies January 15, 2022, as the commencement date for its job reservation policy for locally domiciled candidates. Source: Mint; In detail: Press Release; Notification (Hindi)

Assam cabinet approves the Industrial Relation Rules, 2021. The rules aim to safeguard the rights of employers and employees. Source: The Hindu; In detail: Chief Minister’s Tweet

Land Acquisition & Labor Regulations

Haryana cabinet approves its policy for determining the market rate of land in the state for state departments and state-owned entities. Source: Indian Express; In detail: Press Release; Policy

Infrastructure & Governance

Nothing critical to report this week

Climate Change

Tamil Nadu forms a climate-focused company to take action on climate change adaptation and mitigation activities. The state government has allocated $672,748 as equity in the new company. Source: The Federal; In detail: Order

Oil & Gas

22 states and union territories reduce the value added tax on petrol and diesel. Source: Times of India; In detail: Press Release

Water & Sanitation

Nothing critical to report this week

Power & Renewable Energy

Nothing critical to report this week

Health

Nothing critical to report this week

Business Negative Reforms

Punjab reduces electricity tariffs by $0.04 per kilowatt-hour (kWh) for domestic consumers having a connected load of up to seven kilowatts. The high cost of power purchase remains a major concern for Punjab’s electricity utilities. Source: India Today; In detail: Press Release

Any Other

Nothing critical to report this week

Center – State Relations

The Ministry of Finance announces a reduction in excise duty on petrol and diesel by $0.06 per liter and $0.13 per liter, respectively. Source: Business Standard; In detail: Press Release;

The Ministry of New and Renewable Energy reduces the benchmark costs for grid-connected rooftop solar photovoltaic projects for the financial year 2021-22. Source: Mercom; In detail: Order