With this year’s Union Budget scheduled to be tabled on 1 February 2020, renewable energy industry’s expectations are high and all eyes are on Finance Minister Nirmala Sitharaman making big bang announcements for the sector. While a majority of the industry stakeholders expect some sort of restructuring in the goods and services tax (GST) for solar and wind energy equipment, others are anticipating a single-window approval system and favourable net-metering regulations.
Solar power contracts of three major power plant developers with state-run NTPC Ltd have been cancelled due to delays in regulatory approvals, potentially disrupting India’s clean energy trajectory by knocking 1,400MW off it. These firms had participated in what was the first interstate transmission system (ISTS)-connected solar auction conducted by NTPC, India’s largest power generation utility, for building power plants and supplying 2,000MW in August 2018. These bids contributed toward lowering India’s solar power tariff trajectory.
Native Angel Network, an investor in native startups, has invested in a Bengaluru-based renewable energy startup, Carbon Masters. Native Angel Network, an arm of Madurai-based Nativelead Foundation, had last year invested Rs 65lakh in a city-based startup, ‘VilFresh’, which supplies packaged fresh milk within three hours of procurement. Carbon Masters, which has managed to get funding of Rs 1.67crore, also received investments from Indian Angel Network and VC Sangam Ventures. The company has developed a bottled bio CNG (compressed natural gas) brand ‘Carbonlites’.
As the e-mobility drive gets stronger, it’s already clear that there will soon be huge piles of discarded electric batteries. Some of the materials used to make them are clearly too precious to be thrown away, though. recycled-electric-batteries-marketexpress-inIt’s a huge challenge to electrify private and public transport, and if we rise to that challenge, the next big headache is just around the corner. Electric cars need powerful batteries containing a number of metals and rare earths. Of those, we only have a limited supply as they’re not renewable.
In its efforts to boost the slowdown-battered automobile sector, the industry has demand an incentive-based vehicle scrappage scheme for removal of old vehicles. The Society of Indian Automobile Manufacturers (SIAM) has sent this and other recommendations to the government for the upcoming Budget 2020-21. Besides, SIAM has called for a reduction in GST rate on vehicles to 18 per cent from the current 28 per cent. "...
Unveils an electric scooter prototype to show its prowess US-based Detroit Engineered Products (DEP), an engineering solutions and product development company, is keen to offer its expertise in developing electric vehicles (EVs) and its associated systems at a frugal cost for the Indian market. Headquartered in Michigan, the company has come out with a prototype of an electric scooter meant for the Indian market which has been developed by its team to showcase its design and development capabilities in the domain of future automotive technologies.
Bajaj Auto Ltd on Tuesday said it has launched a BS-VI compliant range of its CT and Platina motorcycle models at a starting price of Rs 40,794 (ex-showroom Delhi). The BS-VI compliant CT and Platina come equipped with electronic injection (EI) system designed by the company's R&D centre along with leading component partners, Bajaj Auto said in a statement. The CT BS-VI range will continue to offer two engine options, 100cc and 110cc with price starting at Rs 40,794 (ex-showroom Delhi), it added.
The theme that involves investing in companies that adopt environment friendly policies, or bring in products or practices that influence society positively or have a demonstrated record of good governance is prevalent worldwide. The roll out of the Axis ESG Equity Fund has ignited the interest around the topic in India. Sustainable investing refers to investing in a portfolio of stocks that are handpicked after assessing them on environmental (E), social (S) and governance (G) parameters – ESG. Why Sustainable Investing?
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