FM Announces Policies to Boost Solar and Nuclear Power; EVs and Hybrid Neglected
For promoting women-led development, the budget carries an allocation of more than Rs 3 lakh crore for schemes benefiting women and girls.
FAME III on the Cards, But Not in Budget
The previous FAME II scheme, which concluded in March, had a hefty ₹11,500 crore outlay. Compared to this, FAME III is expected to be smaller.
Uttar Pradesh Cuts Road Tax on Hybrid Cars
Leading automakers Maruti Suzuki and Toyota are expected to see a significant rise in sales with this move.
Solar Industry Pushes for Extended Waiver on Transmission Charges
Currently, green power projects like solar, wind, and hybrid installations commissioned before June 30, 2025, are exempt from Inter-State Transmission System (ISTS) charges for 25 years.
India to Finalize EV Manufacturing Scheme Guidelines Soon
While major global carmakers like Mercedes-Benz, BMW, and Hyundai participated in consultations, the much-awaited Tesla’s participation remains unclear.
Kerala Exempts Duty on Solar Power Generation
This decision comes just a day after the Kerala State Electricity Regulatory Commission (KSERC) increased the rate paid for solar energy sold to the grid.
Denmark to Charge Carbon Tax on Cows and Pigs
This tax, targeted at methane emissions from cows, sheep, and pigs, will take effect in 2030.
India to Boost Solar Cell Production; to Curb China Import
Cells will likely be the next target for import restrictions, though the government plans a more cautious approach this time.
Saudi Arabia Advances ESG Commitment Through Vision 2030 Initiatives
The Vision 2030 blueprint is focused on diversifying the Kingdom’s economy away from oil dependency, fostering sustainable development, and enhancing the quality of life for its citizens.
FAME 3 Incentive Scheme Rolls Out Soon
FAME 3 is likely to increase subsidies for electric buses purchased by State Transport Undertakings (STUs) compared to FAME 2, which incentivized the purchase of 7,000 electric buses.