Being 2nd largest populated country in the world, India has started making wise decisions by understanding the energy problems which may become critical in upcoming future. Newly appointed prime minister seems to be serious about energy crisis in country. In recent union budget 2014-15 presented on July 10, 2014 by Finance Minister Mr. Arun Jaitley proposed Rs. 1000 Crore for renewable sector.      In his statement, he exempted excise…