Budget Focuses on Duty Exemptions for Clean Energy Manufacturing
Budget emphasizes customs duty exemptions to boost domestic clean energy manufacturing.
Photo by Sungrow EMEA
Key Facts
Sodium antimonate duty: 7.5% to 0%
MNRE allocation: ₹32,914 crore
Surya Ghar Yojana target: 1 crore households
UPSC Exam Angles
GS Paper III: Economy - Government Budgeting, Infrastructure: Energy
Connects to India's commitment to Sustainable Development Goals (SDGs)
Potential for questions on government schemes, fiscal policy, and international agreements
Visual Insights
Key Budget Allocations for Clean Energy
Highlights key financial allocations in the budget related to clean energy manufacturing and deployment.
- Ministry of New and Renewable Energy Allocation
- ₹32,914 crore
- Pradhan Mantri Surya Ghar Muft Bijli Yojana Allocation
- ₹22,000 crore
- Target Households under Surya Ghar Yojana
- 1 crore
Increased allocation to MNRE signifies government's commitment to renewable energy sector. Important for understanding government priorities.
Significant investment in rooftop solar scheme. Shows focus on decentralized renewable energy generation. Impacts energy security and household income.
Ambitious target for household electrification through solar energy. Directly impacts energy access and reduces carbon footprint.
More Information
Background
Latest Developments
Frequently Asked Questions
1. What are the key facts about the budget's focus on clean energy for UPSC Prelims?
The budget emphasizes customs duty exemptions for domestic clean energy manufacturing. Key facts include the reduction of basic customs duty on sodium antimonate from 7.5% to zero, exemptions on capital goods for lithium-ion battery manufacturing, an allocation of ₹32,914 crore for MNRE, and ₹22,000 crore earmarked for the Surya Ghar Yojana.
Exam Tip
Remember the percentage reduction in sodium antimonate duty and the allocations for MNRE and Surya Ghar Yojana for direct questions.
2. What is the Pradhan Mantri Surya Ghar Muft Bijli Yojana, and what is its target?
The Pradhan Mantri Surya Ghar Muft Bijli Yojana aims to electrify one crore households with solar energy by 2026-27. The scheme has earmarked ₹22,000 crore for this year.
Exam Tip
Note the target year (2026-27) and the number of households (one crore) for potential matching-type questions.
3. Why is the government focusing on customs duty exemptions for clean energy manufacturing?
The government is focusing on customs duty exemptions to encourage domestic manufacturers of clean-energy components, reduce reliance on imports, and promote sustainable energy sources. This aligns with India's commitment to sustainable development and reducing its carbon footprint.
Exam Tip
Understand the rationale behind such policies for better analysis in Mains answers.
4. What is the role of the Ministry of New and Renewable Energy (MNRE)?
The Ministry of New and Renewable Energy (MNRE) promotes and coordinates renewable energy development in India. It plays a crucial role in formulating policies, implementing programs, and fostering research and development in the renewable energy sector.
Exam Tip
MNRE is a key institution; understand its mandate and recent initiatives.
5. How do customs duty exemptions impact the common citizen?
Customs duty exemptions on clean energy components can lead to lower costs for renewable energy products like solar panels and batteries. This can make clean energy more affordable and accessible to households, potentially reducing electricity bills and promoting a cleaner environment.
Exam Tip
Consider the socio-economic impacts of such policies for interview questions.
6. What are the potential drawbacks of providing customs duty exemptions?
While beneficial for promoting domestic manufacturing, customs duty exemptions could potentially impact government revenue. There might also be concerns about the quality and competitiveness of domestically manufactured goods compared to imports in the initial phases.
Exam Tip
Be prepared to discuss both sides of the argument in the interview.
7. What are the recent developments related to clean energy manufacturing in India?
Recent developments include increased investments in the renewable energy sector, government initiatives like the FAME India scheme for electric vehicles, and policy support for battery storage systems. The current budget's focus on customs duty exemptions further strengthens this trend.
Exam Tip
Stay updated on the latest government policies and investments in the renewable energy sector.
8. Why is this budget's focus on clean energy manufacturing in the news?
This budget's focus on clean energy manufacturing is in the news because it signals the government's commitment to promoting sustainable development and reducing dependence on fossil fuels. The specific measures, like customs duty exemptions, are significant steps towards achieving these goals.
Exam Tip
Understand the broader context of India's energy policy and climate change commitments.
9. What are the important numbers to remember from this budget related to clean energy?
Important numbers to remember include the 7.5% reduction in sodium antimonate duty to 0%, the ₹32,914 crore allocation for MNRE, and the ₹22,000 crore earmarked for the Surya Ghar Yojana.
Exam Tip
These figures are important for Prelims factual questions.
10. What is the historical background of the push for clean energy manufacturing in India?
The push for clean energy manufacturing in India has historical roots in the nation's commitment to sustainable development. India's energy policy has evolved over decades, initially focusing on conventional sources like coal and gradually shifting towards renewable energy with the establishment of the Ministry of New and Renewable Energy (MNRE).
Exam Tip
Understanding the evolution of India's energy policy provides context for current initiatives.
Practice Questions (MCQs)
1. Consider the following statements regarding the Pradhan Mantri Surya Ghar Muft Bijli Yojana: 1. The scheme aims to electrify one crore households with solar energy by 2026-27. 2. The scheme has earmarked ₹22,000 crore for the current fiscal year. 3. The scheme focuses exclusively on urban households. Which of the statements given above is/are correct?
- A.1 and 2 only
- B.2 and 3 only
- C.1 and 3 only
- D.1, 2 and 3
Show Answer
Answer: A
Statement 1 is CORRECT: The Pradhan Mantri Surya Ghar Muft Bijli Yojana aims to electrify one crore households with solar energy by 2026-27, as stated in the news summary. Statement 2 is CORRECT: The scheme has earmarked ₹22,000 crore for the current fiscal year, as mentioned in the news summary. Statement 3 is INCORRECT: The news summary does not specify that the scheme focuses exclusively on urban households. It aims to electrify households in general, implying both urban and rural areas are included. Therefore, only statements 1 and 2 are correct.
2. Which of the following materials has seen a reduction in basic customs duty from 7.5% to zero, as announced in the recent budget, to encourage domestic solar glass manufacturing?
- A.Lithium carbonate
- B.Sodium antimonate
- C.Silicon wafers
- D.Polysilicon
Show Answer
Answer: B
The correct answer is B) Sodium antimonate. According to the news summary, the basic customs duty on sodium antimonate, used in solar glass manufacturing, has been reduced from 7.5% to zero. The other options are related to solar or battery manufacturing but were not mentioned in the context of customs duty reduction in the provided summary.
3. Consider the following statements: Statement I: Customs duty exemptions are provided to encourage domestic manufacturing of clean-energy components. Statement II: Specified capital goods for manufacturing lithium-ion cells for battery energy storage systems are exempted from duty. Which one of the following is correct in respect of the above statements?
- A.Both Statement I and Statement II are correct and Statement II is the correct explanation for Statement I
- B.Both Statement I and Statement II are correct and Statement II is not the correct explanation for Statement I
- C.Statement I is correct but Statement II is incorrect
- D.Statement I is incorrect but Statement II is correct
Show Answer
Answer: B
Both statements are correct. Statement I reflects the general policy of providing customs duty exemptions to encourage domestic manufacturing of clean energy components. Statement II provides a specific example of this policy, mentioning the exemption for capital goods used in manufacturing lithium-ion cells. However, Statement II is not the *correct explanation* for Statement I; it is merely an example of the broader policy.
