Articles by sibi – MediaEye News

Sibi Sathyan

Articles by Sibi Sathyan

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. New Delhi: In a significant move towards diversifying India’s energy mix, Finance Minister Nirmala Sitharaman announced major initiatives for nuclear energy development in the Union Budget 2024. 1. The government plans to partner

Climate Change Disrupts Education, Creates Learning Loss: UNESCO

According to the Global Education Monitoring Report (GEM), frequent school closures due to climate-related disasters contribute to a rise in dropout rates and a decline in academic performance. A new UNESCO report warns climate change increasingly disrupts education systems worldwide, leading to significant learning losses. Extreme weather events like floods, droughts, and heatwaves are causing

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. ESG considerations are rapidly gaining prominence in the mergers and acquisitions (M&A) landscape, with a majority of dealmakers willing to pay a premium for companies with strong ESG performance, according to a new KPMG survey. The Global ESG

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. The government is set to unveil the third phase of its electric vehicle (EV) promotion scheme, FAME III, soon, Union Minister of Heavy Industries H.D. Kumaraswamy announced on Tuesday. However,

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 . The Global Reporting Initiative (GRI) has introduced a new service to streamline sustainability reporting for companies in the European Union (EU). 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. In a retaliatory move, China’s Commerce Ministry announced an investigation into the European Union’s (EU) trade practices. This follows recent EU probes into Chinese companies

Uttar Pradesh Cuts Road Tax on Hybrid Cars

With this move, leading automakers Maruti Suzuki and Toyota are expected to see a significant rise in sales. In a major push for eco-friendly transportation, the Uttar Pradesh government has announced a complete waiver on road tax for hybrid and plug-in hybrid electric cars. With this move, leading automakers Maruti Suzuki and Toyota are expected

Solar Industry Pushes for Extended Waiver on Transmission Charges

Green power projects, such as solar, wind, and hybrid installations commissioned before June 30, 2025, are exempt from Inter-State Transmission System (ISTS) charges for 25 years. The National Solar Energy Federation of India (NSEFI) is urging the government to extend a waiver on interstate transmission charges for renewable energy projects. According to the federation, this

India to Finalize EV Manufacturing Scheme Guidelines Soon

While major global carmakers like Mercedes-Benz, BMW, and Hyundai participated in consultations, the much-awaited Tesla’s participation remains unclear. The Central Government is expected to roll out the final guidelines of the proposed Electric Vehicle Manufacturing Scheme soon to attract EV manufacturers across the globe to invest in India by offering them lower import duties. The

Promoter Infuses 900 cr; Inox Wind to Become Debt-Free

This strategic move will significantly strengthen the company’s financial position and accelerate its growth trajectory. Inox Wind Ltd., a leading wind energy solutions provider, is set to become a net debt-free company after receiving a ₹900 crore infusion from its promoter, Inox Wind Energy Ltd (IWEL). In a statement, Inox Wind announced the completion of