Budget 2021: National Hydrogen Energy Mission to generate energy from green power sources
FM Nirmala Sitharaman proposed to provide an additional capital infusion of Rs 1,000 crore to SECI and Rs 1,500 crore to IREDA in Budget 2021.
0 claps
Share on
The usage of clean and renewable energy will bring India one step closer to growth and sustainability. With that in mind, Finance Minister Nirmala Sitharaman announced
renewable energy initiatives during the Budget 2021 presentation.
The finance minister highlighted the
National Hydrogen Energy Mission has been set up in 2021-22 for generating hydrogen from green power sources, which
Prime Minister
Narendra Modi had hinted while speaking at the Third Re-inVest Conference in November 2020.
Green activists hail budget policy on green hydrogen
By IANS |
Published on
Mon, Feb 1 2021 20:21 IST |
0 Views
electric commercial vehicles.. Image Source: IANS News
New Delhi, Feb 1 : Environment activists and experts on Monday said the Budget announcements that India will soon have a policy on green hydrogen is a welcome step but expressed displeasure over lack of policy on closing inefficient coal plants and clarity on electric public transport vehicles.
Responding to the budget announcements, Aarti Khosla, Director Climate Trends, told IANS there were several key indicators that the budget was in line with global trends. The announcement that India will soon have a policy on green hydrogen is very much welcomed. Germany and many other EU countries have already set an ambitious green hydrogen policy. Even countries like UAE and Australia that are traditionally considered as the laggards of climate action have moved towards green hydrogen, she said.
Highlights
Budget went paperless this time.
Budget session will be held in two phases Jan 29 to Feb 15 and March 8 to April 8.
New Delhi: Finance Minister Nirmala Sitharaman while presenting the Union Budget 2021-22 in Parliament on Monday announced that the government will consolidate the provisions of SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationalissed single Securities Markets Code.
The Government will support the development of a world class Fin-Tech hub at the GIFT-IFSC.
In order to instil confidence amongst the participants in the Corporate Bond Market during times of stress and to generally enhance secondary market liquidity, Union Budget 2021-22 proposes to create a permanent institutional framework. The proposed body would purchase investment grade debt securities both in stressed and normal times and help in the development of the Bond Market.
A health worker receives a Covishield coronavirus vaccine jab, January 16, New Delhi (Chandradeep Kumar)
In Budget 2021-22, finance minister Nirmala Sitharaman attempted to address environmental concerns through a series of allocations, including those covering air pollution from vehicles and construction, as well as biodiversity conservation in deep seas. Allocations have also been made for promoting green energy and urban issues like sewage and waste management.
Clubbing environment with health, one of the six pillars of the budget, Sitharaman announced an allocation of Rs 2.87 lakh crore for five years for the government’s Jal Jeevan Mission, which aims to provide clean drinking water to households. Ensuring a supply of clean drinking water would not only address environmental concerns such as the management of water bodies, but also reduce health problems linked to consumption of polluted water.
India will look beyond fiscal deficits to get the economy back on its feet. That’s the message conveyed by Finance Minister Nirmala Sitharaman in the annual budget for 2021-22, presented on Monday (February 1, 2021).
India’s spending plan aims to jumpstart the economy that has been going through a protracted slump in 2020-21 fiscal year with the GDP growth projected to contract by 7.8 per cent. That’s hardly surprising since all other major economies have taken the fiscal boost route to revive the flagging economic growth.
Under the current environment, government spending is a significant component to boost production, consumption and job creation. Of course, it has long-term consequences in terms of potential debt overhang, a surge in inflation, huge interest in government borrowings and currency instability and potential payment crisis in the future.