The National Policy on Biofuels-2018, updated in 2022, identifies diverse feedstocks for biofuel production, including molasses, sugarcane, agricultural residues, and waste materials. The government promotes biodiesel investment through blending targets, reduced GST rates, and financial aid for Advanced Biofuel Projects under the amended Pradhan Mantri JI-VAN Yojana.
Category Archives: PIB
Key Features of Union Budget 2025-2026
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Transformative Reforms in Union Budget 2025-26
Union Minister Nirmala Sitharaman presented the Union Budget 2025-26, emphasizing inclusive growth under the theme “Sabka Vikas.” Key initiatives focus on reducing poverty, enhancing education, healthcare, and empowering women and farmers. The budget proposes transformative reforms in various sectors, targeting agriculture, MSMEs, and investment to boost India’s growth and competitiveness.
Union Budget 2025-26: Key Highlights and Impacts
The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, outlines estimated total receipts of INR 34.96 lakh crore and expenditures of INR 50.65 lakh crore, with a fiscal deficit of 4.4 percent of GDP. Key initiatives include agricultural development, support for MSMEs, increased investments in education and infrastructure, and tax reforms to benefit the middle class.
Few Unique Facts About the Union Budget
The first Union Budget of independent India was presented by R. K. Shanmukham Chetty in 1947. Over the years, budgets evolved, becoming bilingual in 1955 and paperless in 2021. Significant changes included altering presentation time and merging the Railway Budget in 2017, emphasizing its role in national economic planning and community engagement.
India’s National Critical Mineral Mission: Key Initiatives Explained
The Union Cabinet approved the National Critical Mineral Mission (NCMM) with a budget of INR 16,300 crore, enhancing India’s self-reliance in critical minerals. Key objectives include exploration, processing, and collaboration with PSUs. The initiative aims to secure essential mineral supplies, boost innovation, and promote research, benefiting high-tech industries and clean energy.
The Handbook on Union Budget: Insights into India’s Fiscal Strategies
The “Handbook on Union Budget” serves as an essential guide for those interested in India’s fiscal planning and economic strategies. It offers detailed insights into revenue, expenditure, and their effects on various sectors, emphasizing recent trends and reforms. The handbook is suitable for academic, professional, and personal enrichment.
NITI Aayog’s Fiscal Health Index 2025: Key Insights
The Fiscal Health Index (FHI) 2025, launched by NITI Aayog, assesses the fiscal health of 18 Indian states using five sub-indices. It highlights disparities and suggests reforms for improvement. Odisha ranks highest, while states exhibit varied performances in fiscal prudence and debt management, aiming for sustainable economic growth.
India’s Renewable Energy Growth in 2024: Key Achievements
India’s renewable energy sector achieved remarkable growth in 2024, adding 24.5 GW of solar and 3.4 GW of wind capacity. With a target of 500 GW by 2030, significant state contributions and policy support propel this expansion. The country is set to enhance its global leadership in clean energy as it approaches 2025.
India’s Digital Economy: A 2022-23 Overview
India’s digital economy is projected to reach 11.74% of national income in 2022-23, equivalent to INR 31.64 lakh crore. The Ministry of Electronics and Information Technology reports that it could contribute one-fifth of GDP by 2030, emphasizing the need for credible data to inform policy and strategies for growth and innovation.