Budget for Renewable Energy Sector

Higher budgetary allocation under reform-linked and result-oriented capex scheme and power system strengthening will help state discoms improve their operational efficiencies 

Govt expands list of exempted capital goods for use in manufacture of solar cells and panels

To support domestic manufacturing capacity of solar glass and tinned copper interconnect, the finance minister decided not to extend the exemption of customs duties provided to solar cells and panels.

This pharma stock gets the Budget tonic

The scrapping of customs duty will make cancer drugs of AstraZeneca affordable

Zero-duty on critical minerals to supercharge India's energy transition

Key minerals proposed for zero import duty include Lithium, Copper, Nickel, Rare Earth Elements, Vanadium etc among others, which play a key role in energy storage, powering electric vehicles, wind turbines and solar panels.

With Budget 2024, government plugs into energy transition in a big way

Several initiatives announced in the Union Budget are both visionary and practical

FM Sitharaman announces energy security as one of the nine priorities in Budget 2024

The government would bring out a policy document on appropriate energy transition pathways that balances the imperatives of employment, growth and environmental sustainability.

Govt provides push to renewables with focus on storage systems in Budget 2024

The finance minister said the PM Solar scheme has generated remarkable response with more than 1.28 crore registrations and 14 lakh applications. The government would further promote the scheme, considering the response, she said.

MC Exclusive: Govt likely to enhance green ammonia production with Rs 10,000-crore viability gap funding scheme in Budget 2024-25

There is a large difference in the cost of production between grey and green ammonia. The cost of natural gas is a major element of the cost for the production of grey ammonia.

Travel & tourism sector hopes for infrastructure status, GST Reforms in Budget 2024

Despite the recent upturn in hotel stocks due to strong demand, challenges such as a severe heat wave and election disruptions during the April-June quarter impacted recreational spending.

Economic survey shows development of Lakshadweep Islands in Amrit Kaal Vision 2047

Shortlisted islands in Lakshadweep, Andaman and Nicobar and Gujarat are proposed to be developed over the next decade, said the economic survey.

How tech advancements helped develop capital markets according to Eco Survey

The survey report listed the various technological interventions that have helped meet Securities and Exchange Board of India's three goals: market regulation, investor protection and market development.

Speculative trading has no place in a developing country like India: Economic Survey

Economic Survey 2024 noted that any potential fall in stock markets could make investors feel "cheated” and deter them from returning to capital markets for a long time.

MC Exclusive: Govt may boost green ammonia production with Rs 10,000-crore viability gap funding scheme in Budget 2024-25

There is a large difference in the cost of production between grey and green ammonia. The cost of natural gas is a major element of the cost for the production of grey ammonia.

Pressing need for policy support in Union Budget 2024 if India is to meet its renewable energy goals: JSW Energy Joint MD

The upcoming budget is a pivotal one, expected to address key challenges and provide the necessary impetus for growth in renewable energy, thermal capacity, and new energy sources.

Government's power sector schemes get 50% higher funds in Budget 2024

Green hydrogen, solar power and green-energy corridors have all received higher allocations, given the 2030 renewable energy target. Wind energy has received less but is expected to pick up pace next year, officials said

Budget Expectations Highlights: Momentum anticipated in power sector

Budget 2024 Expectations Highlights: The Budget is likely to feature higher capital expenditure for renewable energy, incentives for green initiatives, and production-linked incentives for solar module manufacturing.