The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh had indicated that a green hydrogen policy will be unveiled in February which would feature many incentives to boost green hydrogen in the country. "While 2021 saw the launch of National Hydrogen Mission, it is likely that the Budget may provide for targeted fiscal incentives for R&D in green hydrogen segment, creation of domestic supply chain for hydrogen and reduce customs duties on electrolysers to boost green hydrogen production," says Venkatesh Raman Prasad, Partner, J Sagar Associates (JSA).
As soon as the House met at 2 pm, papers were laid on the table and two resolutions adopted amid slogan shouting and protest by Congress members.
Finance Minister Nirmala Sitharaman on Tuesday proposed enhancing the funding under the PLI scheme for domestic solar cells and module manufacturing to Rs 24,000 crore from the existing Rs 4,500 crore to make India an exporting nation. "For facilitating domestic manufacturing for the ambitious goal of 280GW of installed solar capacity by 2030, an additional allocation of Rs 19,500 crore for PLI scheme for manufacturing of high efficiency (solar) modules with priority of fully integrate manufacturing units for polysilicon to solar PV modules will be made," Sitharaman said in her Budget speech in the Lok Sabha. In April 2021, the Union Cabinet approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules.
Singh is accompanied by External Affairs Minister Salman Khurshid, Renewable Energy Minister Farooq Abdullah, Human Resource Development Minister M M Pallam Raju and Science and Technology Minister S Jaipal Reddy.
The government on Thursday allowed free inter-state wheeling of renewable energy used in the production of green hydrogen and ammonia as it seeks to boost usage of the carbon-free fuel and make India an export hub. Unveiling the first part of the much-awaited National Hydrogen Policy, Power and New and Renewable Energy Minister Raj Kumar Singh said the government is targeting production of 5 million tonnes of green hydrogen by 2030. Oil refineries to steel plants require hydrogen to produce finished products.
Annual event being organised by FICCI focuses on the investment potential offered by India's infrastructure sector.
India's power consumption grew 11.45 per cent to 55.37 billion units (BU) in the first half of October this year, mainly driven by buoyancy in industrial and commercial activities, as per government data.
The Cabinet is likely to decide on final price of ethanol for blending it with petrol within this month, Renewable Energy Minister Farooq Abdullah said on Monday.
Supporting Omar Abdullah's demand for withdrawal of Armed Forces Special Powers Act from some areas of Jammu and Kashmir, Union Minister Farooq Abdullah on Thursday said the chief minister is "the boss" in the state and the Centre should take his views on the controversial Act.
The first meeting of the Group of Ministers on inclusion of caste categories in the census is likely to be held on July 1.
The mission stipulates the target under three phases for various solar application segments including Utility Grid Solar power.
India will add about 9000 MW of wind power generation capacity during XIth Five Year Plan ending March 31, 2012, lower than previously targeted 11,000 MW.
The government said on Thursday that it will not allow 'red-tape' in the new energy sector and was working to do away with difficulties faced by industry in the field.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a five-year-long reform-based result-linked power distribution scheme worth Rs 3.03 lakh crore, for strengthening system of utilities to improve efficiency. Briefing after the CCEA meet here, Power and New & Renewable Energy Minister R K Singh said, "We have done a lot for power distribution reforms. It needs to be strengthened. Today, the Cabinet has approved the new scheme worth Rs 3.03 lakh crore, including Rs 97,000 crore central outlay." He said the funds would be given to power distribution companies (discoms) to strengthen their system.
The Narendra Modi-led government has appointed Union Coal, Power and Renewable Energy Minister Piyush Goyal as the minister-in-waiting for United States President Barack Obama's three-day visit to India starting January 25.
Asia's biggest solar power plant having the capacity to generate 130 mw was already functioning in MP's Neemuch district
It includes a session with Gadkari on analysing the initiatives needed to bridge the $1 trillion infrastructure deficit in the country.
A Cabinet note of the much-awaited legislation is ready and is likely to be put before the state Cabinet in the next 15 days.
The electric vehicle market in India needs a policy push that goes beyond targets, says Vandana Gombar.
The vehicle will not be available until end-2017, or later.
Sebi might come out with a regulatory framework for issuance of 'green' bonds
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