Around 1 crore households will receive free electricity up to 300 units every month under the Rooftop Solarisation and Free Electricity scheme, said Finance Minister Nirmala Sitharaman on Thursday. The minister, while presenting the interim budget 2024 said that the move will save households between Rs 15,000 and Rs 18,000 by providing free solar electricity […]
Day: February 1, 2024
Tata Power-DDL, ASCI partner for skill training in power, renewable energy sectors
Tata Power Delhi Distribution Ltd (Tata Power-DDL) on Wednesday said it has signed an agreement with Administrative Staff College of India (ASCI) for skill training in the power and renewable energy sectors. The two parties have signed a Memorandum of Understanding (MoU) for co-creation, development and imparting courses for training and skill development to the […]
Sabarimala Greenfield Airport has got site, defence clearance: Kerala govt
The Kerala government on Thursday said in the Assembly that the Central government has granted site and defence clearance for the Sabarimala Greenfield Airport project. Chief Minister Pinarayi Vijayan said that an application for security clearance is under consideration of the Ministry of Home Affairs. The CM was responding to a notice by CPI(M) MLA […]
Railway Budget 2024: Railways get a boost as Sitharaman announces more Vande Bharat trains, three ‘major’ corridors
Finance Minister Nirmala Sitharaman on Thursday said that nearly 40,000 normal bogies will be converted to standard Vande Bharat bogies. While presenting the interim budget, she also announced three major railway corridors including port connectivity corridor, energy, mineral and cement corridor and high traffic density corridor. In order to fund long-term infrastructure projects like freight […]
Interim Budget: Coal gasification, liquefaction of 100 metric tonne to be set up by 2030, says Finance Minister
Interim Budget: Coal gasification and liquefaction of 100 metric tonne will be set up by 2030, Finance Minister Nirmala Sitharaman said on Thursday. In January, the government approved an outlay of Rs 8,500 crore as financial assistance for promoting coal, lignite gasification projects. The government has also approved setting up of a coal-to-SNG (Synthetic Natural […]
India-Middle East-Europe corridor game changer for us, says FM Sitharaman
Union Finance Minister Nirmala Sitharaman in her interim budget speech on Thursday said that the recently announced India-Middle East-Europe Economic Corridor (IMEC) would be a strategic and economic ‘game changer’ for India and reiterated PM Modi’s statement that the corridor would become the basis of world trade for centuries. “The recent India Middle East Europe […]
India to increase coal-fired capacity in 2024 by the most in at least 6 years
India will start operating new coal-fired power plants with a combined capacity of 13.9 gigawatts (GW) this year, its power ministry said in a statement to Reuters, the highest annual increase in at least six years. Prime Minister Narendra Modi’s government has cited energy security concerns amid surging power demand and low per-capita emissions to […]
Budget 2024: FM’s push to rooftop solar will spur entrepreneurship for youth in EV charging ecosystem
The Finance Minister Nirmala Sitharaman took centre stage today presenting the Interim Budget 2024. The Minister as part of a focus on solar energy announced that the government aims to support about crore households under the rooftop solarisation scheme, which will provide them up to 300 units of free electricity per month. This will have […]
Biden administration announces freeze on LNG exports for up to 15 months
The Biden Administration has announced a freeze on LNG export permits for 15 months to non-free trade agreement countries, arguing this period will be used to evaluate the impacts of LNG exports on energy costs, US energy security and climate change. The move is likely to impact India if the freeze extends beyond a couple […]
517 new air routes, 1.5 crore fliers push Indian aviation: FM Nirmala Sitharaman in Budget 2024
Doubling of the number of airports to 149, a total of 517 new air routes and 1.5 crore fiers will give a massive boost to India’s aviation sector, finance minister Nirmala Sitharaman said in her budget speech on Thursday. Sitharaman said airlines have placed record orders for more than 1,000 aircraft and added that the […]
Elon Musk’s ‘unfathomable’ $56 billion Tesla pay package
A Delaware judge has tossed out Elon Musk’s record-breaking $56 billion Tesla pay package, calling the compensation granted by the EV maker’s board “an unfathomable sum” that was unfair to shareholders. Musk’s 2018 compensation package created 12 tranches of options – each equivalent at the time to 1% of Tesla’s outstanding shares – potentially giving […]
MS Dhoni-backed Garuda Aerospace launches Droni consumer drone
Chennai-based Garuda Aerospace on Wednesday announced the launch of consumer drone ‘Droni’ at an introductory price of Rs 85,000 on Amazon. Garuda Aerospace, a company in which cricketer Mahendra Singh Dhoni has invested, said the Droni drones are also launched on the social handles of Dhoni and Chennai Super Kings, the Indian Premier League cricket […]