Union Budget gives boost to energy transition projects

Finance minister Nirmala Sitharaman announced policy measures that will expedite energy transition away from fossil fuels, and help companies access cheap credit for green projects that are key to curbing carbon emissions. In her budget speech, Sitharaman said that the government will soon come out with a taxonomy for climate finance, which will make it

Railways to get 20 hydrogen-powered trains in next Budget

Twenty hydrogen trains, 25 high-capacity parcel vans and 300 AC Electric Multiple Unit (EMU) coaches are slated to be part of the rolling stock programme in the 2023-24 Union Budget. Besides, 250 Mainline EMU coaches for the suburban section are also to be included in the next Budget proposal for facilitating local travel in the

A green Budget as the turning point in India’s mission net-zero

India’s gross domestic product (GDP) is projected to grow between $8.5 trillion and $10 trillion by 2030. We can expect every budget in the intervening years to provide the platform to propel the economy at the required rate, but each will have its context. This year’s budget comes at a time when the context is