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.
INDIA
IREDA sets FY26 revenue target of Rs 8,200 crore
IREDA's revenue target is 22% higher than its topline of Rs 6,743 crore achieved in FY25.
INDIA
Hydro Pumped Storage Projects exempted from seeking CEA's approval in major boost for power producers
The decision is expected to boost power companies such as Tata Power, Adani Green Energy, Greenko Group, JSW Energy and Torrent Power which have announced plans on pumped storage projects.
INDIA
Gujarat, Chhattisgarh and MP promise land to NTPC to set up nuclear power plants
The plants in Gujarat, Chhattisgarh and Madhya Pradesh will be the first solo nuclear power projects taken up by NTPC’s newly incorporated subsidiary NTPC Parmanu Urja Nigam Ltd
BUSINESS
Boost domestic consumption, urge exporters to look inwards: Govt’s plan to curb tariffs’ impact
Making products cheaper through GST rate reduction, putting money in the pockets of newly employed youth and asking exporters to also cater to domestic demand are some of the measures under the government's multi-pronged strategy to counter external pressures.
INDIA
India's solar modules shine at 100 GW
Prime Minister Narendra Modi said the development is yet another milestone towards self-reliance.
BUSINESS
Lok Sabha passes bill to relax norms for mining of critical minerals
The Mines and Minerals (Development & Regulation) Amendment Bill, 2025 also proposes an exchange to facilitate trading in minerals and metals
INDIA
Tata Power to develop 700 MW wind power project in Andhra Pradesh
The wind turbines will not just be 'Made in India', but 'Made in Andhra Pradesh' too. With Tata Power's project, wind energy farms will make a comeback in Andhra Pradesh after a hiatus of 6 years.
BUSINESS
After Kandla, L&T to build 1.8 million tonne green ammonia facility at Paradip port
L&T Energy Greentech plans to invest nearly Rs 80,000 crore to build its mega green hydrogen and green ammonia plants at Kandla and Paradip ports. It will soon tap the export market, starting with the Middle East, for its Made-In-India electrolysers, CEO Derek M Shah told Moneycontrol.
INDIA
Developing countries need $584 billion annually for climate action: Indian Govt
The categorisation of climate-related outflows and financial efforts by multilateral development banks as contributions to the $300 billion goal would include contributions from developing countries, which is against the Paris Agreement, MoS Kirti Vardhan Singh told the Parliament.
INDIA
India-Oman free trade agreement to be signed soon: Govt official
The Indian government is exploring markets in West Asia and Europe for its labour-intensive products to cushion the impact of the steep tariffs imposed by the US.
