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Reduced corporate taxes to invite new players in the power segment

Drive for adoption of prepaid meters by discoms have increased in recent past, where they aim to install prepaid meters at the premises, thereby reducing collection losses substantially. Consumers will also be benefited by getting a competitive power supply. It is eventually more beneficial for generators who have pending dues of more than a quarter.

Reduced taxes for new companies in the generation sector has been substantially reduced to 15% from 30%, this will also enable capacities of private developer to bid a lower tariff in the renewable tenders. Also reduction of new corporate taxes will have an impact on power tariff and consumers will also enjoy benefit of reduced power tariff. Replacing of conventional energy meters by prepaid smart meters in the next three years, would also give consumers the freedom to choose the supplier and rate as per their requirements.