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Union Budget: Customs duty cuts to facilitate domestic battery, solar cells manufacturing
Customs exemptions for lithium-ion batteries, solar glass; renewable energy outlay rises
Context
The Union Budget 2026-27 focuses on facilitating domestic manufacturing of clean energy components through targeted customs duty exemptions, avoiding major new announcements. Key measures include duty cuts on materials for solar cells and lithium-ion batteries, alongside increased budgetary allocations for atomic and renewable energy, reflecting India's push towards energy transition and self-reliance in critical sectors.
Exam Perspectives
Key References
AI-generated study notes · sourced from The Hindu