RBIs revised priority sector lending norms ease credit constraints in renewable energy sector: SBI
5 days, 20 hours ago

RBIs revised priority sector lending norms ease credit constraints in renewable energy sector: SBI

Live Mint  

New Delhi, March 26 : The Reserve Bank of India's revised guidelines for Priority Sector Lending have helped ease credit constraints in the renewable energy sector, according to a report by the State Bank of India. The report highlighted that RBI's explicit recognition and prioritization of renewable energy under PSL norms have led to a higher share of non-conventional energy credit within the overall energy credit. It said "Explicit recognition and prioritization of renewable energy within the PSL framework has alleviated credit constraints thereby escalation in the share of non-conventional energy credit to the overall energy credit" On July 1, 2015, RBI included loans up to ₹15 crore for projects such as solar-based power generators, biomass-based power generators, micro-hydel plants, and other non-conventional energy-based public utilities like street lighting systems and village electrification. Although the ₹5 crore increase in the lending limit may seem small compared to the 2020 revision, the report believes such incremental policy measures will significantly contribute to the growth of the renewable energy sector.

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History of this topic

RBI issues revised priority sector lending norms effective April 1
6 days, 20 hours ago

RBI issues revised priority sector lending norms effective April 1

Deccan Chronicle  

Mumbai: The Reserve Bank on Monday issued revised guidelines on Priority Sector Lending to facilitate better targeting of bank credit to the priority sectors of the economy. "The enhanced coverage of the revised guidelines is expected to facilitate better targeting of bank credit to the priority sectors of the economy," the RBI said in a statement. Bank loans to the …

RBI issues revised priority sector lending norms effective April 1
1 week ago

RBI issues revised priority sector lending norms effective April 1

Live Mint  

Mumbai, Mar 24 The Reserve Bank on Monday issued revised guidelines on Priority Sector Lending to facilitate better targeting of bank credit to the priority sectors of the economy. "The enhanced coverage of the revised guidelines is expected to facilitate better targeting of bank credit to the priority sectors of the economy," the RBI said in a statement. Bank loans …

India's renewable energy sector may face regulatory actions like China and Europe: Report
1 week, 5 days ago

India's renewable energy sector may face regulatory actions like China and Europe: Report

Hindustan Times  

India's renewable energy sector is soon likely to face regulatory pressures that takes cues from countries such as Europe and China to deal with challenges such as grid disturbances, and negative energy prices. Solar energy is the dominant contributor to India's renewable energy growth, accounting for 47% of the total installed renewable energy capacity. "As the share of renewable energy …

Watch: What are India’s recent commitments towards nuclear energy?
1 month ago

Watch: What are India’s recent commitments towards nuclear energy?

The Hindu  

India is committed to achieving net zero emissions by 2070, and nuclear power is expected to play a crucial role in transitioning away from coal towards green energy. In her 2025 Budget speech, Finance Minister Nirmala Sitharaman announced the Nuclear Energy Mission, with an outlay of ₹20,000 crore for research and development of small modular reactors. To facilitate expansion of …

Budget 2025: India Unveils Climate And Energy Reforms To Boost Green Growth
1 month, 4 weeks ago

Budget 2025: India Unveils Climate And Energy Reforms To Boost Green Growth

ABP News  

The Indian government on Saturday announced a series of new initiatives in its Union Budget 2025-26, aimed at strengthening climate resilience and accelerating the country’s transition to clean energy. Finance Minister Nirmala Sitharaman, in her eighth consecutive budget speech, unveiled three major programmes—the National Manufacturing Mission, High Yielding Seeds Mission, and Nuclear Energy Mission—to bolster domestic industries, support farmers, and …

India’s green energy transition: A vision for a sustainable future
1 month, 4 weeks ago

India’s green energy transition: A vision for a sustainable future

Live Mint  

India plans to become a developed economy by 2047. Achieving these ambitious targets in the short- and long-term call for significant energy transitions towards clean energy fuels and technologies including renewables like solar and wind, nuclear, biofuels and CCUS, advancements in storage options and enhancing energy efficiency. Alos read | Data explainer: India’s green energy goals face stiff test The …

Budget 2025: How energy efficiency, decarbonisation can propel India's ‘Green Leap Forward’
2 months ago

Budget 2025: How energy efficiency, decarbonisation can propel India's ‘Green Leap Forward’

Firstpost  

By prioritising energy efficiency, supporting green finance mechanisms, and accelerating decarbonisation through sectoral shifts, the government can position India as a global leader in sustainability and green growth As India prepares for the Union Budget 2025, there is a growing sense of anticipation surrounding the government’s approach to addressing climate change through energy efficiency and decarbonisation. In particular, the Union …

Can SMRs power India’s renewable energy transition? | In Focus podcast
Trending News
2 months ago

Can SMRs power India’s renewable energy transition? | In Focus podcast

The Hindu  

The government is slowly but steadily, increasing its focus on nuclear energy. India’s nuclear power operator NPCIL invited proposals from industry to set up captive small nuclear reactors on December 31, 2024. This invite is in line with Union Finance Minister Nirmala Sitharaman’s announcement that the government would support the use of SMRs to increase the share of nuclear power …

PSBs to finance ₹10 trillion for green energy projects by 2030
2 months ago

PSBs to finance ₹10 trillion for green energy projects by 2030

Live Mint  

New Delhi: Public sector banks are likely to finance about ₹10 trillion to renewable energy projects in the country by 2030 to help India achieve its energy transition goals. Speaking at the India Energy Transition Summit organized by FICCI, M. Nagaraju, secretary to the department of financial services, also highlighted issues such as delayed payments which impact the growth of …

India at high table of clean energy superpowers with over 200 GW capacity; investments to double in 2025
3 months ago

India at high table of clean energy superpowers with over 200 GW capacity; investments to double in 2025

Live Mint  

New Delhi, Dec 31 As barren arid land gets covered with solar panels and giant windmills dot the coastline, India made it to the high table of clean energy superpowers with installed capacity crossing 200 gigawatts and projections of investment doubling to over USD 32 billion in 2025. Talking to PTI, Union New & Renewable Energy Minister Pralhad Joshi said, …

CII seeks reforms in India’s priority sector lending framework
3 months, 1 week ago

CII seeks reforms in India’s priority sector lending framework

Live Mint  

New Delhi, Dec 22 Industry body CII has proposed reforms in India's Priority Sector Lending framework, suggesting inclusion of emerging sectors and high-impact sectors like digital infrastructure, green initiatives, healthcare, and innovative manufacturing. Arguing that current Development Finance Institutions like SIDBI and NaBFID have their roles cut out as they have earmarked sectors to finance, the chamber also suggested setting …

Budget 2024: For Developed India by 2047, Sitharaman banks on renewable & nuclear energy
8 months, 1 week ago

Budget 2024: For Developed India by 2047, Sitharaman banks on renewable & nuclear energy

Firstpost  

The Budget 2024-25 makes way for private sector’s participation in the research and development of small modular nuclear reactors to boost India’s nuclear energy capacity Union Finance Minister Nirmala Sitharaman made announcements related to nuclear energy production and private sector's role in it in the Budget 2024 As the fastest-growing major economy that Prime Minister Narendra Modi has set 2047 …

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India
8 months, 1 week ago

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India

The Hindu  

India's path to sustainable development is fraught with challenges, as the country grapples with the twin imperatives of meeting burgeoning energy demands and reducing carbon emissions, the Economic Survey 2023-24 revealed on July 22. Tabled in the Parliament, the Survey underscores the complexities of India's green transition, emphasizing the need for a diversified energy portfolio to achieve ambitious growth targets …

India's clean energy boom slows as new solar projects get delayed. Experts say it can pick back up
1 year, 1 month ago

India's clean energy boom slows as new solar projects get delayed. Experts say it can pick back up

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy For years, renewable projects in …

World Bank Approves $1.5 billion Financing for India's Zero Carbon Mission
1 year, 9 months ago

World Bank Approves $1.5 billion Financing for India's Zero Carbon Mission

Deccan Chronicle  

New Delhi: Supporting India's zero carbon mission, World Bank on Friday said that it approved $1.5 billion in financing to accelerate the country's development of low-carbon energy. The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for low-carbon energy investments. "The programme will support the successful implementation of the …

Analysis | Why not everyone will benefit equally from a transition to a low-carbon economy
2 years, 1 month ago

Analysis | Why not everyone will benefit equally from a transition to a low-carbon economy

The Hindu  

The 2023-2024 Union Budget, presented by Finance Minister Nirmala Sitharaman on February 1, 2023, depicts the Union government’s long-term vision of a technology-driven, knowledge-based economy that banks on citizen engagement, youth empowerment, employment generation, and creating a robust macroeconomic environment. This in turn calls for clear directives and frameworks to consciously embed ‘justice’ elements in financing India’s energy transition. They …

Economy at risk from move to clean energy: study
2 years, 2 months ago

Economy at risk from move to clean energy: study

The Hindu  

India’s financial sector is highly exposed to the risks of the economy transitioning from being largely dependent on fossil fuel to clean energy, says a study in the Global Environmental Change journal, published online last week. Mapping India’s policy commitments against these lending and investment patterns reveals that India’s financial sector is heavily exposed to potential transition risks. Sovereign green …

Budget 2023: What Awaits India’s EV Sector
2 years, 2 months ago

Budget 2023: What Awaits India’s EV Sector

ABP News  

As the fight against climate change intensifies, we are witnessing an increasing adoption of electric vehicles against their internal combustion engine counterparts. With the growing manufacturing scope of electric vehicles, various EV component manufacturers have also shown remarkable success in developing indigenous advanced battery technologies. Speaking of the current tax scene in the industry, the GST rate on EV buyers …

Addressing Climate Change: Policy Interventions And Sustainable Financing In India
2 years, 7 months ago

Addressing Climate Change: Policy Interventions And Sustainable Financing In India

Live Law  

According to the Global Risks Report, 2022 published by the World Economic Forum, climate action failure is amongst the top three most severe environmental risks and amongst the five most critical long-term threats to the world as well as the most potentially damaging to people and planet over a 10-year horizon. A 2021 assessment report by the Intergovernmental Panel on …

Universal access to energy is vital
2 years, 9 months ago

Universal access to energy is vital

Hindustan Times  

The centrepiece of Prime Minister Narendra Modi’s pitch to the world’s richest nations at the G-7 summit in Germany was equity in energy access. Mr Modi said that access to energy shouldn’t be the privilege of only the rich at a time when geopolitical tensions are propelling energy costs and pointed out that while providing energy access to its citizens, …

How corporates are helping achieve 86% of PM Modi’s climate goals by 2030
2 years, 9 months ago

How corporates are helping achieve 86% of PM Modi’s climate goals by 2030

Live Mint  

India wants non-fossil fuel power sources to provide half of its electricity supply by 2030. India's current power capacity versus 2030 forecast among various categories According to India's Central Electricity Authority forecast, reliance on coal will drop from 53 percent of installed capacity in 2021 to 33 percent in 2030, whereas solar and wind together make up 51 percent by …

India needs $223 billion to meet 2030 renewable capacity goals: Report
2 years, 9 months ago

India needs $223 billion to meet 2030 renewable capacity goals: Report

The Hindu  

India will need $223 billion of investment to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF. "To achieve this target, India needs to massively scale up funding for renewables," the report said, adding that $223 billion is required over the next eight years just to meet the solar …

What India needs to achieve net-zero emission goals by 2020. Read here
2 years, 9 months ago

What India needs to achieve net-zero emission goals by 2020. Read here

Live Mint  

India may need investments of over USD 10 trillion to meet its net-zero emission target by 2070, according to a new report. “Thus, the country needs to focus on and incentivise cleaner coal technology to further reduce carbon emissions.” The report further recommended policy initiatives "essential for a future driven by sustainable industries." To achieve the target, India must overcome …

Let us respond and not react to power scarcity
2 years, 10 months ago

Let us respond and not react to power scarcity

Live Mint  

India’s early summer this year will likely be followed by an arrival of monsoon rains ahead of time, delivering relief from a heat-led power crisis. This suggests traders foresee an easing of the country’s power shortfall, though we may not have seen the last of our heat waves and peak demand has tracked levels of 200 GW in recent days, …

Explained: What Modi's ‘net zero by 2070’ pledge at COP26 means for climate
3 years, 4 months ago

Explained: What Modi's ‘net zero by 2070’ pledge at COP26 means for climate

Hindustan Times  

Earlier this week, Prime Minister Narendra Modi pledged at the COP26 UN climate conference in Glasgow that India will achieve net-zero emissions by 2070. Clean energy goals He enhanced India’s target for installed renewable energy capacity by 2030 from 450GW to 500GW, and also said that 50% of India's total electricity would be generated from renewable energy sources by 2030 …

A clean energy transition plan for India
3 years, 5 months ago

A clean energy transition plan for India

The Hindu  

Energy security warrants the uninterrupted supply of energy at affordable prices. TPPs contributed 71% of the 1,382 billion units of electricity generated by utilities in India during FY 2020-21 though they accounted for only 55% of the total installed generation capacity of 382 GW. Contours of a plan We have developed a time-bound transition plan for India’s power sector involving …

Emissions reduced by 28% over 2005 levels, 80% of power to come from renewable sources by 2030: Govt
3 years, 7 months ago

Emissions reduced by 28% over 2005 levels, 80% of power to come from renewable sources by 2030: Govt

India Today  

India has managed to fulfil the commitments part of the Paris Agreement as it looks to boost renewable energy capacity. India has been aggressively pushing for energy efficiency improvements for the past two decades through a combination of innovative market mechanisms and business models, institutional strengthening and capacity building, as well as demand creation measures," New and Renewable Energy Minister …

Diminishing options: The Hindu Editorial on RBI’s June 2021 policy statement
3 years, 9 months ago

Diminishing options: The Hindu Editorial on RBI’s June 2021 policy statement

The Hindu  

The RBI’s latest policy statement underscores the diminishing options available to it to address the economic fallout from the COVID-19 pandemic. The bank’s Monetary Policy Committee left benchmark interest rates unchanged for a sixth straight meeting and reiterated that it would keep its policy stance accommodative ‘as long as necessary to revive and sustain growth on a durable basis’. Since …

Unlocking India’s opportunity to be self-reliant in clean energy
4 years, 8 months ago

Unlocking India’s opportunity to be self-reliant in clean energy

Live Mint  

The energy landscape in India is being reshaped in fundamental ways. Cumulatively, as the energy mix shifts towards renewables, it presents a window of opportunity for India to act now by strengthening its domestic capability and, thereby, achieving energy security. First, there is a disincentive for thermal power with projects getting priced out due to low solar tariffs, as cheap …

From affordable housing to relief for exporters, key takeaways from Nirmala Sitharaman's press conference
5 years, 6 months ago

From affordable housing to relief for exporters, key takeaways from Nirmala Sitharaman's press conference

Firstpost  

Nirmala Sitharaman announced Rs 10,000 crore special window to provide last-mile funding for completion of ongoing housing projects which are not NPAs or facing bankruptcy proceedings under NCLT Union Finance Minister announced a slew of measures to boost export growth such as a new automatic refund system from October, RoDTEP scheme on export duties, mega annual shopping festival from March …

The next five years will be crucial to build a healthy renewable sector in India | Analysis
5 years, 7 months ago

The next five years will be crucial to build a healthy renewable sector in India | Analysis

Hindustan Times  

With 15 of the top 20 polluted global cities in India, and energy being the primary source of pollution, it’s critical for the country to transition from fossil fuel to renewable energy, and Internal Combustion Engine automobiles to electric vehicles. India will need $300 billion to realise its goal of 260 GW of installed renewable capacity by 2024 Though the …

Govt to ask RBI to remove priority lending limit for renewable energy sector
5 years, 9 months ago

Govt to ask RBI to remove priority lending limit for renewable energy sector

Live Mint  

In an attempt to further boost India’s emerging green economy, the ministry of new and renewable energy would try to impress upon the Reserve Bank of India for removal of the priority sector lending limit for the renewable energy sector, the government said in a statement on Monday. “This will encourage the PSBs to lend more for RE projects and …

RBI to FinMin: 12 February circular gives enough space for resolution of bad loans in power sector
6 years, 9 months ago

RBI to FinMin: 12 February circular gives enough space for resolution of bad loans in power sector

Firstpost  

RBI made its stand clear at a stakeholders’ meeting, called by the ministry to discuss the circular, the implementation of which was stayed for the power sector by Allahabad High Court. The Reserve Bank of India on Thursday indicated to the finance ministry that its 12 February circular on new framework for stressed assets provides enough space for resolution of …

Govt approves ordinance to empower RBI to crack down on loan defaulters
7 years, 10 months ago

Govt approves ordinance to empower RBI to crack down on loan defaulters

India TV News  

The Union Cabinet on Wednesday approved promulgation of an ordinance to empower the Reserve bank of India to effectively deal with the problem of mounting bad loans in in India’s banking sector. A proposal to amend Section 35 A of the Banking Regulation Act through the ordinance route was approved by the Cabinet headed by Prime Minister Narendra Modi, sources …

CEA’s electricity plan for 2027: Four key hurdles will prove achieving targets is a huge task
8 years, 3 months ago

CEA’s electricity plan for 2027: Four key hurdles will prove achieving targets is a huge task

Firstpost  

As the year 2016 comes to a close, the Central Electricity Authority of India, the apex planning body for the power sector in India, has created a buzz with its draft National Electricity Plan, 2016. A key highlight of this draft plan is – no coal-based capacity addition is required to meet the country’s power demand by 2027 as 50,025 …

A fillip to clean power
9 years, 11 months ago

A fillip to clean power

The Hindu  

The Reserve Bank of India’s decision to grant special status to the renewable energy sector, among others, under priority sector lending, is expected to accrue large benefits for the sector. Now since funding is in place, the government should primarily focus on popularising roof top applications to augment renewable energy,” said Sunil Khanna, President and Managing Director, Emerson Network Power …

7.5 crore Indian households without access to electricity: report
11 years, 2 months ago

7.5 crore Indian households without access to electricity: report

India TV News  

New Delhi: India has 75 million households without access to electricity and per capita consumption in rural households was only 8 units per month as compared 24 units in urban households, according to an expert report submitted to Prime Minister Manmohan Singh today. The report, submitted by a network of parliamentarians working to promote renewable energy, also says India is …

RBI steeply hikes cap on MSME credit
11 years, 10 months ago

RBI steeply hikes cap on MSME credit

The Hindu  

The Reserve Bank on Friday announced three changes to the priority sector lending norms and more than doubled the limit for the Micro Small and Medium Enterprises advances to the services sector to Rs 5 crore. In its annual policy statement, the RBI proposed an increase in the loan limit for MSME in the services sector to Rs 5 crore …

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