Government Policies Current Affairs

Gujarat Government announces IT policy to promote IT-based start-ups

The Gujarat government has announced its first ever IT and Electronics Start-up Policy which will be applicable only to IT and electronics related start-ups.

The policy has special focus on encouraging new ventures by providing them various incentives and subsidies.

Under this policy

  • State Government will develop 50 new incubators to mentor and guide 2,000 start-ups in the next five years.
  • Around 10 lakh sq feet of land has been allotted for development of these incubators, which will provide guidance to budding innovators in setting up their start-up units.
  • State government will provide 50% capital investment assistance, in the limit of 50 lakh rupees, for setting up an incubator.
  • Incubators will be entitled to get 5 lakh rupees each year as mentoring assistance and the state government will give 1 crore rupees as assistance for the procurement of software to these incubators.
  • These incubators and new start-ups will get 100 per cent reimbursement of stamp duty and registration fees.
  • Start-ups will be provided other incentives such as interest subsidy of 9% per annum in the limit of 2 lakh rupees per year, marketing assistance of 1 lakh rupees per start-up, product development assistance of 1 lakh rupees and lease rental subsidy of 15 rupees per square feet per month.
  • For register their patents, state government will give 2 lakh rupees as assistance for domestic registration and 5 lakh rupees for international patent registration.

Tags:

Delhi Government approves first Solar Policy

The Delhi government has approved the first Solar Policy which aims at making the Capital an environment-friendly solar city.

It was approved by Cabinet meeting chaired by Chief Minister Arvind Kejriwal as it is part of one of Government’s 70-point agendas.

The policy has been prepared by the Government of Delhi in consultation with the Dialogue and Development Commission (DDC) after extensive consultations with local and international experts.

Key features of Policy

  • Recommends the installation of 1 GW (1,000 Mega Watts) solar power capacity in Delhi by 2020, which is proposed to be doubled to 2 GW by 2025.
  • Outlines a combination of regulations, mandates, incentives, and tax breaks for the growth of rooftop solar power in the Capital.
  • Supports all models of ownership and maintenance of solar plants, including third-party-owned, self-owned models.
  • Mandatory deployment of solar panels on the government or public institutions.
  • Allows generation based incentive for 3 years and amendment of the building bylaws for rooftop solar installations.
  • Allows concept of virtual net metering in order to give access to the solar net metering facility to the consumers who do not have a suitable roof for installing a solar system.
  • It also allows group net metering to encourage solar plants on rooftops of buildings that cannot consume all of the energy generated locally.
  • Power department’s Energy Efficiency and Renewable Energy Management Centre (EE&REM) will be nodal agency responsible for effective implementation of this policy.

Comment

The policy seeks to lower state’s expenditure on energy by providing clean and green energy. It also seeks to strengthen its energy security and reduces its reliance on unsustainable fossil fuels. It also seeks to reduce the burden on the existing distribution and transmission system to lower expenditure on their maintenance

Tags:

1...89101112