BUSINESS
Large reactors likely to drive India’s nuclear power plan despite buzz around SMRs
About 80 GW of the 100 GW target will be executed by NPCIL and NTPC through larger projects. The remaining 20 GW will be open to the private sector and mostly be executed through small module reactors, government officials have told Moneycontrol
BUSINESS
India will have indigenous solar cells, wafers and ingots by 2028: Pralhad Joshi
Pralhad Joshi also said that so far about, Rs 50,000 crore has been invested in the country's solar equipment manufacturing sector.
AUTOMOBILE
Hoping GST reduction benefits are passed on honestly to consumers, working to resolve compensation cess issue: Piyush Goyal
The new GST rates on vehicles will become effective from September 22, the first day of the nine-day Navaratri festival.
BUSINESS
Govt exempts mining of critical and atomic minerals from public consultations
Prior to this, the Environment Ministry on August 31 also amended the Forest Conservation rules to create an exclusive category for critical and strategic minerals to fast-track forest approvals for such projects.
BUSINESS
India looks for relaxations in EU’s carbon border tax regulations
India is seeking some flexibility in the EU's Carbon Border Adjustment Mechanism (CBAM) which comes into effect from January 1 next year. Meanwhile, it is also mulling a domestic carbon tax to offset CBAM and retain revenue within the country.
BUSINESS
India may offer import duty concessions on high-end cars to the EU
India's offer to the EU will be on similar lines to the one sealed between India and the United Kingdom (UK), subject to further negotiations, said a government official privy to the matter.
BUSINESS
EU commissioners to meet commerce, agriculture ministers as next round of FTA talks open
Increased market access and fewer non-tariff barriers are on the agenda as week-long talks begin in New Delhi. The two sides are looking to seal the deal by year-end
BUSINESS
Lower GST on renewables to accelerate green projects, but all eyes on input price fluctuations: Industry
The biggest beneficiaries of the GST reduction will be the rooftop solar segment, giving a boost to PM Surya Ghar Muft Bijli Yojana
BUSINESS
Higher GST on coal unlikely to negatively impact electricity tariffs in India
The move is likely to translate into a reduction of around Rs 12 paisa per unit in their cost of electricity supply as coal-based capacity accounts for nearly 70% of total generation at an all-India level, according to ICRA Ltd.
BUSINESS
Andhra clears Rs 856-crore package for Syrma SGS to set up India’s largest printed circuit board plant
Syrma SGS will invest of Rs 1,595 crore and the plant will be built in partnership with Korea's Shinhyup Electronics
BUSINESS
GST 2.0: Tax cuts to fuel India's clean energy sector as rates on parts slashed to 5%
The GST Council has also reduced the tax for hydrogen fuel cell vehicles from the current 12% to 5%
BUSINESS
Punjab’s flood crisis may hurt PDS procurement and impact paddy prices, fear experts
Punjab received 253.7 mm of rain in August, which was not only 74% in excess of normal but also the highest the state has seen in the last 25 years. Experts warned the disaster could impact the country's public distribution system, apart from short-term paddy price inflation.
BUSINESS
GST 2.0: Tax relief for green hydrogen, battery storage likely as meeting gets underway
The GST council will also look at reducing the tax on solar panels and windmill components from 12% to 5%
ENVIRONMENT
India to push for global carbon markets, climate finance in upcoming COP30: Bhupender Yadav
Union environment minister Bhupender Yadav met COP30 President Andre Correa do Lago on September 1 to discuss the agenda for the upcoming climate conference to be held in Brazil in November.
BUSINESS
India’s supply chains resilient, not at the mercy of anyone, says Piyush Goyal
Commerce Minister Piyush Goyal reiterated that India is holding talks with the US on a bilateral trade agreement (BTA).
BUSINESS
Govt to issue guidelines to states to identify location, collect bids for EV charging stations
In a first, the upcoming guidelines will also include some incentives for downstream EV charging infrastructure such as EV charging guns or connectors, which deliver electricity from the charging station to the vehicle.
BUSINESS
Reliance is building a mega solar park in India to fuel its new energy plans
In Kutch, RIL also plans to build facilities for production of green ammonia, green methanol, and sustainable aviation fuel.
BUSINESS
India will not bow down to discrimination: Commerce minister Piyush Goyal
'If any country wants to enter into a free trade agreement with us, we are always ready. But I believe that any form of discrimination affects the self-confidence and self-respect of India's 1.4 billion citizens,' says Piyush Goyal
INDIA
Nalco to foray into critical minerals in India, says chairman Singh
Nalco's exports won’t be affected by US tariffs, as it mostly serves the Middle East, says BP Singh. The availability of alumina has, however, risen, creating pressure in the domestic market
INDIA
India's maritime industry a $1 trillion investment opportunity for the world: Sarbananda Sonowal
The Union minister highlighted opportunities in mega projects such as Vadhavan Port, Galathea Bay Transshipment Port and Tuna Tekra Terminal, alongside investments in green hydrogen hubs, LNG bunkering, shipbuilding, ship recycling, and maritime industrial parks.
INDIA
Govt will launch Carbon Capture, Utilisation and Storage Mission soon: Niti Aayog
CCUS technologies aim to reduce greenhouse gas emissions, helping to mitigate climate change and achieve net-zero emission goals.
BUSINESS
US remains committed to work with India, can be a major supplier of oil and gas: US Embassy official
Xiaobing Feng, Principal Commercial Officer, US Embassy in India said that during PM Modi's visit to the US, both Modi and US President Donald Trump reaffirmed their roles as leading consumer and producer in shaping the global energy markets and assured commitment for bilateral energy security partnership, including oil, gas and nuclear energy.
INDIA
Quality control norms for cookware and utensils set to kick in from October in a phased manner
DPIIT's QCOs apply to a wide range of products, including smart meters, footwear, toys, cooking utensils, fire extinguishers, safety glass, welding rods, and components for building, all to ensure safety and improve manufacturing quality.
INDIA
India expands key climate action body ahead of carbon market launch
The National Designated Authority (NDA) will help India access international climate finance and carbon markets. It is likely to also help position India better as it has proposed to host the United Nations climate summit (COP 33) in 2028.
