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Budget Express 2026

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Sweta Goswami

Assistant Editor

Moneycontrol

Union Budget 2026: Allocation for Green Hydrogen Mission remains unchanged at Rs 600 crore

BUSINESS

Union Budget 2026: Allocation for Green Hydrogen Mission remains unchanged at Rs 600 crore

In the previous Union Budget, the National Green Hydrogen Mission had received an allocation of Rs 600 crore, with funds directed towards pilot projects, electrolyser manufacturing, demand-side incentives and research and development.

Union Budget 2026: Renewable energy allocation raised to Rs 32,914.7 crore, PM Surya Ghar gets Rs 22,000 crore

BUDGET

Union Budget 2026: Renewable energy allocation raised to Rs 32,914.7 crore, PM Surya Ghar gets Rs 22,000 crore

As reported by Moneycontrol on January 13, the Pradhan Mantri Surya Ghar: Muft Bijli Yojana received an allocation of Rs 22,000 crore in Budget 2026, up from Rs 20,000 crore in the budget estimates of previous year, marking an increase of Rs 10 percent.

India-EU FTA offers no relief from EU’s carbon border tax as CBAM stays

BUSINESS

India-EU FTA offers no relief from EU’s carbon border tax as CBAM stays

Commerce Secretary Rajesh Agrawal said the EU, however, has committed that any flexibility it introduces under CBAM for any partner country globally will automatically flow to India.

India accelerates deal-making, concludes five trade deals in 18 months

BUSINESS

India accelerates deal-making, concludes five trade deals in 18 months

Amid growing geopolitical tensions and uncertainties in global trade, India has sharply stepped up its trade diplomacy, sealing five major trade agreements over the past 18 months to secure market access for its exporters

India-EU FTA opens $572b healthcare market for Indian exporters; cuts duties on 9,425 product categories

BUSINESS

India-EU FTA opens $572b healthcare market for Indian exporters; cuts duties on 9,425 product categories

The historic FTA provides assured access for Indian contractual service suppliers across 37 sectors and independent professionals in 17 high-skill areas, while allowing intra-corporate transferees to move with their families for the first time

India–EU trade deal: Wines, olive oil and chocolates set to get cheaper

BUSINESS

India–EU trade deal: Wines, olive oil and chocolates set to get cheaper

In parallel, India and the EU are negotiating a separate agreement on Geographical Indications (GIs). The GI talks aim to help traditional European farming products sell more in India by addressing imitation and unfair competition.

India plans 100 GW pumped hydro energy storage by 2035-36: Power Ministry

BUSINESS

India plans 100 GW pumped hydro energy storage by 2035-36: Power Ministry

Maharashtra, Odisha and Andhra Pradesh emerge as key hubs as states drive India’s pumped hydro expansion.

India–EU trade talks near finish line, shaped by firm red lines on farms, industry and climate

BUSINESS

India–EU trade talks near finish line, shaped by firm red lines on farms, industry and climate

As a long-pending free trade agreement heads for signature, years of negotiations show where New Delhi and Brussels held their ground — and what each side hopes to gain.

Govt prioritises auction-ready critical mineral blocks, faster exploration timelines

BUSINESS

Govt prioritises auction-ready critical mineral blocks, faster exploration timelines

Geological Survey of India plans nearly 300 critical and strategic mineral projects in FY27.

Govt proposes automatic index-linked power tariff revisions to fix discom finances

BUSINESS

Govt proposes automatic index-linked power tariff revisions to fix discom finances

The draft National Electricity Policy 2026 (NEP 2026) seeks automatic tariff revision, lower cross-subsidies and stronger discom finances.

India targets sharp rise in per capita electricity consumption under draft power policy

BUSINESS

India targets sharp rise in per capita electricity consumption under draft power policy

Draft power policy lays out roadmap for higher electricity use, cleaner energy and grid expansion.

EU trade deal may decide if global EV giants import or make in India

BUSINESS

EU trade deal may decide if global EV giants import or make in India

Tariff concessions, if any, under the proposed India–EU FTA will reshape how global EV makers approach the Indian market, say experts

India goes green at WEF 2026, Union minister Joshi pitches renewable energy exports to West Asia via Oman

BUSINESS

India goes green at WEF 2026, Union minister Joshi pitches renewable energy exports to West Asia via Oman

New Delhi looks to Oman as a gateway market for solar modules, green hydrogen and derivatives under the India–Oman CEPA amid a slowdown in US-bound exports.

Union Budget 2026 may refocus power sector reforms with discom privatisation, RDSS Phase-II and smart meters

BUSINESS

Union Budget 2026 may refocus power sector reforms with discom privatisation, RDSS Phase-II and smart meters

Centre looks to deepen power distribution reforms despite early financial turnaround at discoms.

Thermal share in India’s power generation to fall below 70% in FY27: Crisil Ratings

BUSINESS

Thermal share in India’s power generation to fall below 70% in FY27: Crisil Ratings

India’s thermal share set to fall below 70% as demand cools, renewables surge.

Reliance commissions solar cells, scales batteries; eyes green fuel exports to Japan, Korea, Europe

BUSINESS

Reliance commissions solar cells, scales batteries; eyes green fuel exports to Japan, Korea, Europe

Reliance outlined plans to generate up to 300 billion units of renewable power annually from its Kutch hub as key elements of its clean energy ecosystem come online.

Andhra Pradesh to get world’s largest green ammonia project at Kakinada

BUSINESS

Andhra Pradesh to get world’s largest green ammonia project at Kakinada

AM Green’s $10-billion green ammonia project will be commissioned in phases through 2030

India's power sector offers $500 billion investment opportunity as capacity addition hits 4-5 GW a month

BUSINESS

India's power sector offers $500 billion investment opportunity as capacity addition hits 4-5 GW a month

Union power minister Manohar Lal Khattar said the sector is emerging as one of the largest long-term investment opportunities as electricity demand rises alongside economic growth.

Budget 2026: Renewable energy sector seeks support for manufacturing, storage and green hydrogen

BUSINESS

Budget 2026: Renewable energy sector seeks support for manufacturing, storage and green hydrogen

After a year of record renewable capacity additions and low solar-plus-storage tariffs, industry and experts want Budget 2026 to focus on manufacturing depth, hydrogen demand creation and execution-led rooftop solar.

FDI inflows rise to $51 billion in last six months as govt links manufacturing push with startups

BUSINESS

FDI inflows rise to $51 billion in last six months as govt links manufacturing push with startups

According to the government data, India recorded provisional FDI inflows of about $26.61 billion during April–June 2025, up 17% year-on-year.

Budget 2026 may boost PM Surya Ghar, transmission spend as rooftop solar push intensifies

BUSINESS

Budget 2026 may boost PM Surya Ghar, transmission spend as rooftop solar push intensifies

Budget focus on rooftop solar scale-up and grid readiness as govt targets faster clean energy rollout.

Coal gasification may get Budget boost as govt eyes lower syngas costs, wider use

BUSINESS

Coal gasification may get Budget boost as govt eyes lower syngas costs, wider use

PMO-led review looks at slashing syngas costs, widening industrial use and unlocking stranded gas-based power capacity. NTPC to set up a Rs 10,000-crore coal-to-gas project.

Market coupling unlikely this month as APTEL hears matter, flags need for regulations

BUSINESS

Market coupling unlikely this month as APTEL hears matter, flags need for regulations

The matter has been posted for further hearing on January 19, extending uncertainty around the rollout of the proposed market design change.

US exits India-backed International Solar Alliance; govt says body remains focused on mandate

BUSINESS

US exits India-backed International Solar Alliance; govt says body remains focused on mandate

The United States joined the India-led International Solar Alliance as its 101st member in November 2021, with the announcement made by then US Special Presidential Envoy for Climate John Kerry at the COP26 climate summit.

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