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 Urban

08 Dec 2025

Centre Boosts FPO Growth With New Credit And Market Support

The Government is implementing the Central Sector Scheme on the formation and promotion of 10,000 Farmer Producer Organisations (FPOs), under which all 10,000 FPOs have now been registered. The scheme provides Rs 1.8 million per FPO for three years as management support, a matching equity grant of up to Rs 1.5 million, and a credit guarantee of up to Rs 0.02 billion through eligible lending institutions. It also offers assistance for training, market linkages and alignment with other schemes. FPOs receive support to obtain input licences for seed, fertiliser and pesticide supplies, as well as..

PM-KISAN Drives Farm Income Gains And Rural Stability

The PM-KISAN scheme, a central sector initiative launched in February 2019, aims to support the financial needs of farmers holding cultivable land. Under the scheme, Rs 6,000 per year is transferred in three equal instalments to Aadhaar-seeded bank accounts through Direct Benefit Transfer. Eligibility is based primarily on cultivable landholding, with certain exclusions for individuals of higher economic status. A farmer-centric digital infrastructure ensures scheme benefits reach farmers across India without intermediaries. With full transparency in registration and verification, the Governm..

Govt Extends Pro Tem Security Certificate To Two Years

In a further push to improve ease of doing business and ensure continuity for the telecom industry, the National Centre for Communication Security (NCCS) under the Department of Telecommunications has extended the validity of the Pro Tem Security Certification from six months to two years. The Pro Tem Certification, initially launched in October 2024 with a six-month validity, was designed to prevent business disruption for IP Router and Wi-Fi CPE products, which became subject to mandatory security certification from 1 October 2024. Under this certification, OEMs submit a declaration confirm..