Budget 2019 To Mitigate Environmental Issues Govt Should Have Proper

Clean energy also needs to get a boost. While India’s solar power capacity is increasing by the day, the investors look forward to better tax structure from the government. Nikunj Ghodawat, Chief Financial Officer at CleanMax Solar, says, India being the third largest renewable industry in the world, it is expected that the government will continue to focus on reducing cost of capital for speedy development of the sector. “In the previous term of NDA government, the corporate tax rate was reduced from 30 per cent to 25 per cent, we would like to see this announcement in the budget to get aligned with global tax rates”, says Ghodawat.