Your gateway to #SustainableIndia
Boosting India's Circular Economy with Tax Rebates in Budget 2025
India's Budget 2025 aims to accelerate the transition to a circular economy by introducing tax rebates and sustainability initiatives. Proposed measures include tax breaks for companies adopting green technologies, subsidies for waste-to-energy projects, and the expansion of Production Linked Incentive (PLI) schemes to promote resource efficiency.
Govt plans National Green Financing Institution to achieve climate goals
The Indian government plans to establish a National Green Financing Institution to support its 2070 net-zero emissions target. NITI Aayog is evaluating models such as creating a new bank or repurposing existing institutions to aggregate green capital and reduce financing costs. India's climate goals include a 45% reduction in GDP emission intensity and achieving 50% non-fossil fuel electric power capacity by 2030.
Adani Green Secures $1.06B for Rajasthan’s Largest Solar-Wind Project
Adani Green Energy Ltd (AGEL) has successfully refinanced its initial $1.06 billion construction facility from 2021. This refinancing supports the development of India's largest solar-wind hybrid renewable cluster in Rajasthan, featuring a 19-year fully amortised debt structure aligned with the asset's lifecycle.
Indian Railways Advances Towards Net Zero with Landmark Renewable Energy Initiatives
Indian Railways has signed a 170 MW Power Purchase Agreement (PPA) with the Madhya Pradesh government, securing solar power at a record low rate of Rs 2.15/kWh. This agreement is part of a broader strategy to achieve net-zero carbon emissions, with the railways already securing 4,260 MW of solar and 3,427 MW of wind energy to meet its energy needs.
Centre Develops 'Yamuna Master Plan' for River Cleanup in Delhi
The central government has formulated a 'Yamuna Master Plan' to address the pollution crisis in Delhi's Yamuna River. The plan, developed by the Jal Shakti Ministry with insights from experts involved in Gujarat's Sabarmati riverfront project, will soon be submitted to Prime Minister Narendra Modi for approval.