Which of the following statements are correct with reference to union budget 2016-17?
Code:
Which of the following statements are correct with reference to union budget 2016-17?
Code:
The correct option is B Only 2
The government has allocated an outlay of above Rs.10,000 crore for 2016-17 for the renewable energy sector. This outlay includes Rs.5,000 crore from the National Clean Energy Fund (NCEF) with the balance coming from Internal & Extra Budgetary Resource (IEBR). A significant part of viability gap funding for solar power projects is intended to be financed out of such cash outlay.
On the taxation front, the clean environment cess on coal, lignite and peat has been doubled from Rs.200 per tonne to Rs.400 per tonne; encouraging the use of renewable sources of energy.
Among other initiatives, key targets are 40% power installed capacity from non-fossil-fuel-based energy resources and reducing emissions by 33-35% of its GDP by 2030.
Only 2
The government has allocated an outlay of above Rs.10,000 crore for 2016-17 for the renewable energy sector. This outlay includes Rs.5,000 crore from the National Clean Energy Fund (NCEF) with the balance coming from Internal & Extra Budgetary Resource (IEBR). A significant part of viability gap funding for solar power projects is intended to be financed out of such cash outlay.
On the taxation front, the clean environment cess on coal, lignite and peat has been doubled from Rs.200 per tonne to Rs.400 per tonne; encouraging the use of renewable sources of energy.
Among other initiatives, key targets are 40% power installed capacity from non-fossil-fuel-based energy resources and reducing emissions by 33-35% of its GDP by 2030.
