Derivatives market for power sector on the horizon next fiscal
India may open the derivatives market for the power sector in the next financial year (FY 2022-2023), allowing market participants to enter into futures and options contracts which could be used as hedging tools to guard against price volatility and other risks.
The introduction of futures and options products on power trading exchanges would be a major reform that would help develop a robust and vibrant power market.
The introduction of derivative products has been delayed due to jurisdictional issues between the Securities and Exchange Board of India (SEBI) and the Central Electricity Regulatory Commission (CERC), which a case pending in the Supreme Court.
Second phase of FAME scheme for EVs extended by 2 years
The second phase of the FAME (Faster Adoption and Manufacturing of Electric vehicles) scheme for faster adoption of electric mobility and development of its manufacturing ecosystem in the country has been extended by 2 years until March 31st, 2024 by the Govt.
The second phase of FAME focuses om supporting electrification of public and shared transportation.