Renewable energy minister Pralhad Joshi said the renewable energy and power ministries will meet on Wednesday to address industry complaints over two pressure points: the deviation settlement mechanism and curtailment of green power. He said stricter grid compliance rules have raised viability concerns for renewable projects, with the government already holding several rounds of talks. The deviation settlement mechanism can impose grid penalties when actual supply or demand diverges from scheduled forecasts, adding uncertainty for developers and distributors.
New Delhi will see key provisions of the Jan Vishwas Act effective from May 15. The reform targets the criminalization of minor violations across multiple laws, shifting many cases away from jail terms toward civil penalties and administrative measures. By making punishments more proportionate, the Act aims to encourage compliance while reducing unnecessary punitive action.
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IndusInd Bank insiders could face tough action as lawyers say the bank’s own processes may penalise former top bosses if evidence is strong. In parallel, Sebi proceedings could escalate the matter further, potentially leading to disgorgement and penalties of INR 25 crore or up to three times the gains made, depending on findings.
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