India releases guidelines for production incentives to push solar PV module manufacturing

India’s Ministry of New and Renewable Energy (MNRE) has released guidelines for the production-linked incentive (PLI) scheme in an effort to encourage domestic manufacturing of high-efficiency solar PV modules and reduce import dependence. In November 2020, the government had approved and allocated an amount of Rs 4,500 crore to be spent over a period of five years on […]

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Oil regulator issues force majeure guidelines for city gas operators

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India’s oil regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has issued a fresh set of force majeure guidelines, listing events such as riots, natural disasters, and restrictions by the government as conditions for allowing more time to complete city gas rollout obligations. The PNGRB in a notice on September 2 detailed the procedure for […]

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Guidelines to have mixed impact on Chinese investment companies, says Fitch

New guidelines on overseas investment are likely to have a mixed impact on Chinese investment companies, Fitch Ratings has said. The guidelines will increase concentration risk by narrowing the range of industries in which investment companies (ICs) can invest overseas. They will also increase costs due to the longer and more complex process for approving […]

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