Budget has mix of measures for infra
development: ACME
Press Trust of
India, July 12, 2014
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Energy management
solutions provider ACME has said the Union Budget is a mix
of all measures to stay focussed on infrastructure
development and manufacturing sector. "The announcements of
offering tax benefits for power generation projects is a
welcome move with intent to bridge the demand-supply deficit
of electricity generation in the country.
"The Rs 1,000
crore aid and five per cent concessional duty showcased the
increased focus on developing solar power projects...," ACME
Group Chairman and Managing Director Manoj Kumar Upadhyay
said in a statement.
This would help in
achieving the aim of increasing solar power generation share
in the overall electricity generation from existing 1 to 3
per cent, he added. ACME Group is into energy management and
innovative solutions for the wireless telecommunications and
alternate energy sector.
* * * * *
'Budget strikes
right note for reforms' * The Union Budget has struck the
right chord by proposing several much needed reforms,
non-profit group CUTS International has said.
"The government
has struck the right chord by proposing several much needed
reforms. Now it must walk-the-talk, and ensure that
proposals are adopted and implemented within a time-bound
manner," CUTS International Secretary General Pradeep S
Mehta said in a statement.
Besides the
government must prioritise the consumer protection related
issues in the financial sector, it added.
This news can
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Hotel Jaipur Palace, Jaipur, India
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