Cabinet Decisions Details
Breadcrumb
Asset Publisher
Cabinet Decisions taken on 19 August, 2022 (4)
1. Boost to Green Energy --->
Solar plant at Namrup
APGCL and OIL to sign a Joint Venture agreement for setting up of a 25 MW Solar Plant on Namrup Thermal Power Station premises with shareholding ratio of 51% (APGCL) and 49% (OIL)
Rupees 2,450 crore Joint Venture
MoU to be signed between APGCL and SJVN Green Energy Limited, for creation of a Joint Venture Company (JVC)
· Cost of proposed JVC: Rupees 2,450 crore
· Equity participation: 51% from SGEL and 49% from APGCL
· The project to generate employment for around 2,000 people during construction stage and 1,000 during maintenance stage.
2. Registration fees rationalised ---> Rationalisation/enhancement of registration fees under the Section 78 (a) of the Registration Act, 1908 to improve Ease of Doing Business, Registration rate of Gift Deed – · 1% for women solely · 2% for joint registration with women · 3% for male and other juridical person · 0.5% if registered with members of the family (nearest blood relation) Most rates simplified for ease of calculation, thereby simplifying the procedures for common citizens.