Green India

Chhattisgarh govt to get 240 e-buses in a boost to green initiative

The e-bus service will commence soon in Raipur, Bilaspur, Durg-Bhilai, and Korba

MSMEs to get Rs 15,000-crore subsidy to boost recycling, efficiency

Set to launch by early 2025, the initiative will focus on establishing material recovery facilities (MRFs) and managing the treatment of post-consumption products

NHAI, National Remote Sensing Centre to develop green cover index

The National Highways Authority of India (NHAI) has signed an agreement with the National Remote Sensing Centre (NRSC) to develop a "Green Cover Index" for the extensive network of National Highways in India, an official statement said on Wednesday. According to the statement, since the initiation of the Green Highways Policy in 2015, the prioritization of greening Highway Corridors has been a focal point for the Ministry of Road Transport and Highways (MoRTH) and NHAI and presently, the monitoring of plantations relies on site visits by field personnel. "Using the capabilities of emerging technologies to enhance in-situ data collection and supplement plantation management and monitoring, including performance audits conducted by NHAI, the NRSC will undertake a comprehensive pan-India estimation of green cover, referred to as the "Green Cover Index" for National Highways using high-resolution satellite imagery," the statement said. It will also facilitate targeted interventions in .

GenAI, fintech, green tech, EVs, SaaS, hot bets for investors in 2024

In India, GenAI startup ecosystem is unfolding with remarkable speed, signalling a new era of technological advancement and investment opportunities, according to top inventors

Centre plans to ask ONGC to consider rights issue to fund HPCL: Report

The comments come after India's finance minister announced a plan this year to provide equity of $3.6 billion to help the big state oil refiners move towards cleaner energy

Himachal govt launches Rs 680 cr job scheme linked with green initiatives

Unemployed Himachali youth above the age of 23 years will be given a 50 per cent subsidy on loans to purchase e-taxis and e-buses with no collateral guarantee under a state government scheme to generate employment and promote green initiatives. In case the cost of the e-taxi is Rs 20-lakh, a subsidy of Rs 10 lakh will be provided, and these e-taxis would be attached to various government departments. A monthly income of about Rs 40 thousand will be ensured, Chief Minister Sukhvinder Singh Sukhu said on Monday. Launching the e-taxi scheme under the first phase of Rs 680 crore Rajiv Gandhi Self-Employment Start-up Yojna and a website of the Transport Department to facilitate online registration, he said the scheme for the youth was one of the key promises made in the Pratigya Patra of the Congress Party. In a statement issued here, he said that 500 permits would be issued in the first phase, and the number of permits will be increased as per the demand in the near future. The governm

Real estate sector bats for green spaces, investors willing to pay premium

DECARBONISING REALTY: The sector creates spaces that breathe life; corporates and investors willing to pay a premium to comply with global sustainability norms

SBI borrowers to get special credits for green initiatives: Chairman

State Bank of India is working out the risk matrix for its borrowers wherein it gives some special credits for those embarking on green initiatives, Chairman Dinesh Khara said here on Monday. Since recently, the nation's largest lender has also been measuring the carbon footprint of its Rs 33-lakh crore portfolio at the account level in an attempt to mitigate climate risks and provide sustainable financing, he said. At the bank level we have started working out the risk matrix of our borrowers wherein we give some special credits to those embarking on green initiatives, the chairman said at a Ficci event here. However, he did not elaborate. Khara, who has been warning against green-washing, also called for better project reports for green financing so that the information asymmetry that plagues the green funding space can be mitigated. He also stressed on the need for a policy framework to promote the awareness on green finance ecosystem. There is a need for the chartered accoun

Ola to offer e-bikes, cheap e-scooters to phase out petrol two-wheelers

Ola is building what it's touting as the world's largest electric vehicle hub to churn out battery-powered two-wheelers, cars and EV cells, in addition to housing vendor and supplier facilities

Multilateral development banks pledge upto $27 bn for India's green growth

The government commits to green hydrogen development, encourages collaboration with private sector as global demand for hydrogen is expected to reach 200 million tons by 2030

UK trade minister Huddleston to unveil green partnerships on Kolkata visit

Britain's international trade minister Nigel Huddleston has said that he want to use his first official trip to Kolkata to show the UK's eagerness to work with India and Bangladesh on shared challenges like climate change, using collective expertise to deepen trading relationship, spark economic growth and create jobs. Huddleston arrived in Kolkata on Monday on a two-day visit to the metropolis. In Kolkata, he will unveil a package of partnerships on electric mobility and green construction at a joint session with the government of West Bengal, the UK government said. The Department for Business and Trade (DBT) said Huddleston is on a three-day visit to South Asia, which covers Kolkata and also Dhaka in Bangladesh, focused on unlocking more opportunities for British companies to grow trade and two-way business flows. It added that while the UK continues to negotiate a free trade agreement (FTA) with India, which has completed 10 rounds of negotiations, the ministerial visit forms pa

Centre to finance almost 30% of green shipping projects in the country

Decision taken at shipping ministry's annual chintan shivir

Green hydrogen mission meet: Govt to seek funds for next-gen tech research

Biomass-based hydrogen generation will also be scaled up for commercial applications

Green projects: FinMin may allow cos to deploy blended finance instruments

The finance ministry is examining the possibility of allowing financial institutions to raise funds from blended finance instruments to invest in green climate projects, sources said. Blended finance involves leveraging of financial resources of the public sector or philanthropies to phase in private sector investment, thereby catalysing private finance in high-risk and long-gestation projects. The use of blended finance promotes investments in new and emerging sectors and it attracts commercial capital towards projects that contribute to sustainable development, while providing financial returns to investors, the sources said, adding, it holds the potential to catalyse private finance in such projects. It is still to be tested and therefore the ministry is looking at it from all possible angles, the sources said. Blended finance is aligned to the Prime Minister goal to cut its emissions to net zero by 2070. Prime Minister Narendra Modi, announced India's aim of achieving net zero

Uttar Pradesh plans to invest Rs 1,000 crore to improve forest economy

The Yogi Adityanath government 2.0 has allocated Rs 100 crore for a slew of programmes under the Green India Mission

Embassy Office Parks REIT to invest Rs 300 crore on green initiatives

Embassy Office Parks REIT on Monday said it has committed over Rs 300 crore for ongoing green initiatives across its commercial projects. In a regulatory filing, Embassy REIT informed that the company has "committed over Rs 300 crore to its ESG (environmental, social, and governance) programme across its 43.6 million square feet pan-India portfolio". Embassy REIT said it has recently commissioned the first phase of its 20 MW solar rooftop project. This project aims to generate 30 million units of solar power, offsetting around 25,000 tonnes of CO2 emissions. As part of its 2040 net zero carbon operations goal, Embassy REIT aims to achieve 75 per cent renewable energy usage by 2025. Apart from the existing 100 MW solar plant, the REIT strategically plans to more than double its current 120 MW onsite and offsite renewable energy capacity by installing new solar plants across Bengaluru and NCR. This renewable energy capacity enhancement will be through additional capital investments

India plans big for green energy sector in sync with G20 Presidency

It has a target of the annual production of 500 MMT (million metric tonnes) of green hydrogen by 2030

TMS Ep303: Crypto headwinds, Indo-US visa delay, Markets, Greenwashing

Does the FTX collapse marks the beginning of crypto's end? How are visa delays hurting both India and the US? Is investors' love for digital India over? What is greenwashing? All answers here

What is greenwashing?

A few Indian companies and even some nations are posing a threat to the world's march toward a green future. They're not cutting emissions, but the corners. This is called 'greenwashing'. Here's more

Sembcorp acquires 100% stake in GIP-backed Vector Green for Rs 2,780 cr

Vector has a total portfolio of 583 Mw across 13 states; deal will take Sembcorp's gross renewable assets in India to 3 Gw