The government needs to set up a Green Investment Trust to fund green infrastructure projects and look for an oversees green bond market. The “Earth Summit” of 1992, in Brazil, brought in a paradigm shift in concept of development with increasing recognition that environmental and economic policies must work in tandem to improve the quality […]
Lateral entry: Govt issues orders to place 9 professionals as joint secys
Amber Dubey, who has an experience of over 25 years, is a Partner at KPMG in India, heading Aerospace and Defense. He is an alumnus of IIT Bombay and IIM Ahmedabad. He has been posted in the ministry of Civil Aviation. Four months after the Union Public Service Commission (UPSC) recommended their names for respective […]
Govt has decided to achieve 100 per cent electrification of railway in 10 years: Goyal
He said more than half of the trains that come to New Delhi are still based on diesel but the ministry is working on their electrification New Delhi: The government has decided to move towards achieving 100 per cent electrification of railways, as part of efforts to curb carbon footprints, Union Minister Piyush Goyal said […]
The AP Govt sets aside funds for Central generation utilities
The AP Govt sets aside funds for Central generation utilities For more information please see below link:
Govt weighs $1 billion concessional loans for battery storage plans
Loan facility may be drawn from multilateral lenders World Bank, ADB and European Investment Bank About $400 mn is being explored for making transmission and distribution-level investments In an effort to boost India’s battery storage plans, the government is exploring a nearly $1 billion concessional loan facility to be drawn from multilateral lenders such as […]
AP govt order puts Rs 21,000-cr renewables sector debt servicing at risk: Crisil
New Delhi: The Andhra Pradesh government’s move to review and cut the purchase cost of wind and solar energy could stress 5.2-GW renewables projects with estimated debt exposure of over Rs 21,000 crore,” Crisil said on Tuesday. The move could also aggravate the problem of delayed payments from distribution companies (discoms), it said. According to […]
Govt asserts subsidy for EVs only for commercial vehicles, not personal usage
Under the Rs 10,000-crore FAME scheme, subsidy on EVs are given to three- and four-wheelers. The government Friday asserted that subsidies for promotion of electric mobility in India will be only for commercial vehicles, and automobiles for personal usage will not be included. Speaking at an event here, Minister of State for Heavy Industries and […]
Good news for electric vehicles in India: Govt invites proposals for EV charging Infra
The proposal is part of the phase-II of the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) scheme which has been approved for a duration of three years starting April 1, 2019. In what could be seen as a big boost for electric vehicles in India, the Government has started inviting […]
Govt’s electric vehicle push: Watch out for these 4 stocks which can return up to 26%
As compared to other countries, the market share of electric cars is extremely low in India. The government has been continuously pinching the domestic auto makers for manufacturing electric vehicles to ensure the successful implementation. There is a demand for electric mobility as the rollout for same is being targeted by 2023 for 3W, 2025 […]
Govt invokes special powers to save green projects worth Rs 40,000 crore
NEW DELHI: The government has invoked special powers under the Electricity Act of 2003, directing the Central Electricity Regulatory Commission (CERC) to clear a clutch of inter-state transmission lines under the public sector route to save solar and wind power projects worth Rs 40,000 crore from getting stranded. Invoking Section 107 of the Act, a […]