The Indian government’s Ministry of Heavy Industries (MHI) has put out a call for international proposals in an effort to choose a company to build a 10 GWh Advanced Chemistry Cell (ACC) battery factory. Aiming to establish an independent battery manufacturing ecosystem, the Production Linked Incentive (PLI) Scheme for ACC Battery Storage includes the increased […]
Under Prime Minister Narendra Modi’s leadership, the Cabinet Committee on Economic Affairs (CCEA) has given its approval for a 43.218-km elevated corridor with six or four lanes running alongside the Varuna River in Varanasi, Uttar Pradesh, with a total capital cost of ₹10,998.32 crore. A vital component of the Varanasi Decongestion Plan, this project will […]
Prime Minister Narendra Modi’s Cabinet Committee on Economic Affairs (CCEA) has given its approval to the National Investment Policy for Urea-2026 (NIPU-2026), which opens the door for new investments in urea producing units that use gas. The policy’s goals are to speed up the fertiliser sector’s Atmanirbhar Bharat mission, make India less reliant on imports, […]
Diesel and aviation turbine fuel (ATF) are now subject to a higher windfall tax from the central government, whereas petrol exports are subject to a lower duty, as a result of changes to the Special Additional Excise Duty (SAED) on petroleum exports. There was a notice from the Ministry of Finance that the new rates […]
According to a government official, the government is keeping a close eye on events unfolding in the West Asia region. They also confirmed that they will take all practical steps to assist local exporters in continuing commerce to the best of their ability. The official stated that an Inter-Ministerial Group (IMG) that was established to […]
The state parliament was informed on Tuesday that the total debt of Assam has climbed to Rs 1.62 lakh crore, a 4.5-fold increase, in the last decade since the BJP took office. “As of March 31, 2016, Assam had an outstanding debt of Rs 35,690 crore,” wrote Finance Minister Jayanta Malla Baruah in response to […]
A group of senators from both parties in the United States have introduced a plan that would target five nations—including China and India—with tariffs of one hundred percent on oil imported from Russia. Exempting fifteen European nations that import gas from Russia from the tariffs, the bill, which was mediated by the late Republican Senator […]
On Tuesday, Gensol Engineering announced that IREDA, a state-owned financial institution, had labelled the company’s loan accounts as “fraud.” According to sources, Gensol’s loan accounts of Rs 673 crore have been labelled as “fraud” by IREDA, which has subsequently referred the problem to the Reserve Bank of India. In response, the company has gone public […]
On Tuesday, officials from the government of Arunachal Pradesh and the Norwegian company Tidal Sail AS signed a memorandum of understanding (MoU) to launch a project to harness the clean power of river currents. Supported by the Union Ministry of New and Renewable Energy (MNRE) and Innovation Norway under the India-Norway Green Partnership, the 500 […]
In an effort to guarantee the compliance and quality of its ethanol-blended petrol, Hindustan Petroleum Corporation Limited (HPCL) has ramped up its nationwide fuel quality monitoring programme, inspecting 3,651 locations across its retail outlet network. This extensive monitoring exercise further demonstrates HPCL’s dedication to providing consumers all over India with safe, dependable, and high-quality fuels. […]
