Union Cabinet approves Rs 1.69 hike in ethanol price

The Union Cabinet approved administered ex-mill price of ethanol derived from C Heavy Molasses at Rs 57.97 per litre, under the Ethanol Blended Petrol programme, for the Ethanol Supply Year 2024-25. Earlier, it was Rs 56.58 per litre “The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, has approved revision

Cabinet clears PM E-Drive to promote electric mobility

The Union Cabinet chaired by Prime Minister Narendra Modi approved implementation of a scheme titled ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme’ for promotion of electric mobility in the country. The scheme has an outlay of Rs 10,900 crore over a period of two years. The scheme will cover trucks which

Cabinet approves funding to boost battery energy storage

The Union Cabinet approved a ₹3,760 crore viability gap fund (VGF)—grants aimed at enhancing the viability of infrastructure projects—for battery energy storage systems (BESS), in a boost for the renewable energy sector that banks on storage when green power generation is low or down. Under the scheme, the government will provide financial support of up

Can national hydrogen mission bring energy transition in India?

The Union Cabinet has approved the National Green Hydrogen Mission to promote green hydrogen in a bid to cut emissions and become a major exporter in the field. The move is aimed at making India the global hub for the production of green hydrogen and achieve netzero carbon emissions by 2070. Hydrogen, made by splitting