In Short : The Andhra Pradesh Chief Minister has approved the rollout of 1,000 electric buses and 5,000 EV charging stations to modernize public transport and accelerate clean mobility in the state. The initiative aims to cut pollution, reduce fuel costs, and build a large-scale EV ecosystem. It marks one of the most ambitious state-level […]
ADB Approves $330 Million to Expand Clean Energy Transmission in Pakistan – EQ
In Short : The Asian Development Bank has approved a $330 million loan to expand Pakistan’s clean energy transmission network. The funding will help upgrade infrastructure, improve grid stability, and support the integration of more renewable energy into the national system. The project aims to reduce reliance on fossil fuels, enhance energy security, and accelerate […]
Green Climate Fund approves capital infusion of USD 20 million in Kshema General Insurance Limited – EQ
The world’s largest climate fund pledges support for Kshema’s mission to scale up financial resilience in India’s rural sector from climate vulnerabilities Hyderabad, Telangana – Kshema General Insurance Limited today announced receiving approval for capital infusion of USD 20 million from the board of the Green Climate Fund (GCF), established under the historic Paris Agreement. […]
Maharashtra Approves Additional Electricity Sales Tax for Industrial and Commercial Consumers – EQ
In Short : The Maharashtra cabinet has approved an additional electricity sales tax for industrial and commercial consumers to enhance state revenue amid rising power sector costs. The new levy will increase electricity bills for large consumers while generating funds to support infrastructure and energy initiatives. Industry representatives have expressed concerns about the potential impact […]
ADB Approves $400 Million for Resilient, Inclusive Development in Bangladesh – EQ
In Short : The Asian Development Bank has approved \$400 million to support Bangladesh’s climate-resilient and inclusive development. The funding, part of the CRID Subprogram 2, will advance climate adaptation, green growth, and disaster resilience. Co-financed by AIIB, the program strengthens policies aligned with Bangladesh’s National Adaptation Plan, aiming to enhance environmental sustainability, institutional reforms, […]
ADB Approves $109.97 Million Loan to Boost Advanced Skills and Employability in Gujarat – EQ
In Short : The Asian Development Bank has approved a $109.97 million loan to enhance advanced skills and employability in Gujarat. The initiative aims to modernize technical and vocational education, align training with industry demands, and improve job prospects for youth. It will also focus on inclusivity by supporting women and underserved communities, boosting Gujarat’s […]
Delhi Cabinet Approves Rs 30,000 Subsidy For Residential Solar Panels – EQ
In Short : The Delhi Cabinet has approved a ₹30,000 subsidy for 3 kW rooftop solar panels on homes, in addition to ₹78,000 from the Centre under the PM Surya Ghar scheme. With total aid of ₹1.08 lakh, residents can install solar panels at zero upfront cost, saving up to ₹4,200 monthly. The initiative targets […]
Surana Solar board approves 49 pc equity divestment in Surana Technologies – EQ
In Short : Surana Solar’s board has approved the divestment of a 49% equity stake in its subsidiary, Surana Technologies Pvt Ltd, to Baidyanath Power Pvt Ltd for ₹2.03 crore. The transaction is set to conclude by May 30, 2025. Post-divestment, Surana Technologies will continue as a subsidiary but not be wholly owned. The company […]
Bengal cabinet approves construction of Rs 680 crore solar power plant at Goaltore – EQ
In Short : The West Bengal Cabinet has approved a ₹680 crore solar power project in Goaltore, Paschim Medinipore. The 100 MW plant will be developed with 30% state funding and 70% investment from a German firm. Aimed at enhancing renewable energy capacity, the initiative supports the state’s commitment to sustainable and eco-friendly power generation. […]
Delhi govt approves 3-month extension of EV policy, continues power subsidy – EQ
In Short : The Delhi government has extended its Electric Vehicle (EV) policy by three months, retaining current subsidies while finalizing EV Policy 2.0. Power subsidies for domestic users, farmers, lawyers, and riot victims will also continue. The government emphasized incentives over bans, aiming to expand EV infrastructure and job creation while maintaining support for […]