Budget Proposals for Energy Transition Unveiled

26 Jul 2024 CW Team

The latest budget proposals emphasize critical minerals and energy transition strategies to advance India's net-zero goals, according to the Economic Times. This move reflects the government's commitment to sustainable energy development and the broader objective of achieving net-zero carbon emissions.

Key elements of the proposals include increased investment in the mining and processing of critical minerals essential for renewable energy technologies. These minerals, such as lithium, cobalt, and rare earth elements, are vital for manufacturing batteries and other components used in solar panels, wind turbines, and electric vehicles. By securing a steady supply of these resources, India aims to strengthen its position in the global green energy market.

The budget also outlines incentives for developing and scaling up energy transition technologies. These include subsidies for renewable energy projects, tax breaks for green technology investments, and support for research and development in clean energy innovations. The goal is to accelerate the deployment of renewable energy systems and reduce reliance on fossil fuels.

Energy industry players have welcomed these proposals, noting that they will likely spur significant progress toward the country's net-zero targets. The focus on critical minerals is seen as a strategic move to ensure long-term sustainability and energy security. Additionally, the support for clean technology is expected to boost India's competitiveness in the global energy sector.

Overall, the budget proposals represent a strategic approach to addressing the challenges of energy transition and supporting India's environmental and economic objectives. By investing in critical minerals and green technologies, the government is laying the groundwork for a more sustainable and resilient energy future.

Infrastructure Transport

06 Feb 2026

Second Mountain Tunnel Breakthrough in Palghar Advances High Speed Rail

The Mumbai-Ahmedabad high speed rail (MAHSR) project reached a milestone with the breakthrough of a mountain tunnel in Palghar, Maharashtra. Mountain tunnel MT-six measures 454 metres long and 14.4 metres wide and will accommodate up and down tracks. The breakthrough follows MT-five near Saphale on second January 2026 and the MT-six excavation was completed from both ends using the New Austrian Tunnelling Method. The ministry reported that the tunnelling was completed within 12 months. The New Austrian Tunnelling Method is favoured for its flexibility in complex geology and irregular tunnel s..

Modi Government Pushes Atmanirbhar Container Drive With BCSL MoU

The Union Government advanced a plan to create an integrated, domestically anchored container ecosystem with the signing of a Memorandum of Understanding to establish the Bharat Container Shipping Line (BCSL). The MoU was signed by key agencies including the Shipping Corporation of India and Container Corporation of India alongside major port authorities and Sagarmala Finance Corporation Limited under the Ministry of Ports, Shipping and Waterways, in the presence of senior ministers. The initiative aligns with the Container Manufacturing Assistance Scheme announced in the Union Budget 2026–2..

Ministry Reports Gains In Mobility For Marginalised Communities

The Ministry of Social Justice and Empowerment is implementing skill development, education and rehabilitation schemes to promote socio-economic mobility and sustainable livelihoods for marginalised and disadvantaged communities across the country. Programmes target Scheduled Castes, Other Backward Classes, Economically Weaker Sections, De-notified Tribes and Safai Karamcharis through specialised implementing corporations and empanelled training institutes. Pradhan Mantri Dakshata Aur Kushalta Sampann Hitgrahi Yojana, or PM-DAKSH, provided skill training and placement support through the Nati..