FM Announces Policies to Boost Solar and Nuclear Power; EVs and Hybrid Neglected
For promoting women-led development, the budget carries an allocation of more than Rs 3 lakh crore for schemes benefiting women and girls.
Middle East ESG Weekly Round-Up
Major ESG Events in Middle East area this week
FarmERP and Seiyaj Tech Sign MoU to Localize Green Energy Technologies
This strategic partnership aims to bring advanced agricultural and green energy technologies to the Saudi market, supporting the Kingdom’s sustainability and energy diversification goals.
ESG Now a Key Factor in M&A Deals: KPMG Survey
A key finding of the survey is that companies with high ESG maturity are commanding premium valuations.
FAME III on the Cards, But Not in Budget
The previous FAME II scheme, which concluded in March, had a hefty ₹11,500 crore outlay. Compared to this, FAME III is expected to be smaller.
Middle East ESG Weekly Round-Up
Main ESG events happened at Middle East in the last week.
GRI Launches Service to Bridge EU Sustainability Reporting Gap
The GRI-ESRS Linkage Service aims to simplify compliance with the bloc’s new Corporate Sustainability Reporting Directive (CSRD).
China Retaliates with Trade Probe After EU Scrutinizes Solar, Wind Power
China’s probe will examine wind turbines, photovoltaic cells (used in solar panels), security equipment, and other products and will conclude by January 10th, 2025, with a possible extension to April.
Uttar Pradesh Cuts Road Tax on Hybrid Cars
Leading automakers Maruti Suzuki and Toyota are expected to see a significant rise in sales with this move.
Solar Industry Pushes for Extended Waiver on Transmission Charges
Currently, green power projects like solar, wind, and hybrid installations commissioned before June 30, 2025, are exempt from Inter-State Transmission System (ISTS) charges for 25 years.