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Lok Sabha Elections 2024: The Benchmark Indices are trading near highs while rising VIX indicates nervousness of markets and volatility ahead of Elections results. Defence, power ,Industrials, Automobiles are among some of the sectors that remain ideal for investments say various market experts.
Govt to enhance funding under PLI for solar manufacturing to Rs 24,000 cr, says R K Singh : Rashtra News The government will soon enhance the funding under the production linked incentive (PLI) scheme for the domestic solar cells and module manufacturing to Rs 24,000 crore from the existing Rs 4,500 crore to make India
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India's residential sector, which has a potential of at least 637 GW for rooftop solar energy, has installed only a fraction of this capacity, indicating a significant opportunity for growth. Large-scale implementation of rooftop solar systems can create jobs in installation and maintenance of these systems, necessitating skilled labour such as technicians and engineers, and also jobs in domestic solar manufacturing industry, which will create jobs in production, supply chain, and logistics
Interim Budget 2024: The Government of India aims to achieve 50% cumulative installed power generation capacity from non-fossil fuel sources by 2030. However, there is a need for increased annual capacity addition to reach the target. The upcoming budget for FY 2024-25 is expected to focus on sustainable financing for renewable energy (RE) projects, including distributed RE installations, localizing the supply chain, and boosting rooftop solar installations.