Press Trust of India, July 12, 2014

By Pradeep S Mehta

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.

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‘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.

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