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Govt restores accelerated depreciation scheme for wind energy

In a relief to wind energy projects, the government has restored the accelerated depreciation scheme for the sector.

Generally, accelerated depreciation refers to calculation that allows for higher deductions towards deprecation in the early life time of an asset.

He was replying to a debate on the Finance Bill.

The scheme, which had benefited the wind energy sector, was withdrawn by the earlier government in 2012.

At the end of March, the installed wind power generation capacity stood at more than 21,000 MW.

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