Govt notifies DPDP Act & Rules thereof; simplified framework for startups & data fiduciaries (See 'Corp Brief') SARFAESI - as per Sec 15 of the Act, if borrower's management is taken over by secured creditor, the management may be restored upon full repayment of debt: HC (See 'Legal Desk') Afforestation, ecological restoration - coal mining cos steps to ensure ecological balance (See 'Corp Brief') Competition Act - allegations primarily concerning contraventions of the Companies Act or Ministry of Youth Affairs and Sports directives, do not relate to anti-competitive conduct or violation of the Act: CCI (See 'Legal Desk') RBI issues guidelines for banks to provide customer services in regional languages (See 'Corp Brief') IBC - If bank has released approved payments from TRA account operated by them, then bank was monitoring these transactions during entire CIRP: IBBI (See 'Legal Desk') Govt releases Credit Assessment Model for MSMEs to enhance digitally driven loan appraisal (See 'Corp Brief') IBBI - Cannot be expected to maintain information with respect to other laws outside its purview: IBBI (See 'Legal Desk') Govt's aid measures for MSMEs - TReDS, Rs 9000 Crore infusion (See 'Corp Brief') Indian media & entertainment sector to maintain growth despite AI disruption: Secy (See 'Corp Brief') PBPT - Transactions are rightly deemed benami u/s 2(9)(D) of PBPTA, where person who provided consideration for properties was not traceable: SAFEMA Tribunal (See 'Legal Desk') Sustainable coal mining - Govt simplifies approval for geological exploration & reports (See 'Corp Brief') Benami - Benami transaction is considered not only in case of transfer of property by beneficial owner for his ultimate benefit in future, but even if such properties is held by benamidar: SAFEMA (See 'Legal Desk') IITF-2025 - FCI Pavilion showcasing modernised foodgrain management bags bronze medal (See 'Corp Brief') Copyright Act - Police have jurisdiction to register FIR u/s 33EEC of the Drugs and Cosmetics Act in conjunction with cognizable offence under Copyright Act; registration of copyright not mandatory for criminal proceedings upon infringement: HC (See 'Legal Desk') VO Chidambarnar port receives first Clinker vessel following MoU with Ambuja Cement Ltd (See 'Corp Brief') PMLA - Sweep of Sec 5(1) is not limited to accused named in criminal activity relating to scheduled offence, but shall apply equally to person who is involved in any activity connected with proceeds of crime: SAFEMA (See 'Legal Desk')

MoS says decarbonizing of buildings should be highest priority

Published: Sep 24, 2022

By TIOLCorplaws News Service

NEW DELHI, SEP 24, 2022: INDIA'S Science and Technology Minister, Dr Jitendra Singh, who is leading a high-level Joint Ministerial Delegation of S&T and Ministry of Power, New & Renewable Energy, yesterday said that Decarbonizing of cities and buildings should be the highest priority for the public and private sectors and it needs to be done at scale, pace, and by using an integrated and digitalized approach to bring systemic efficiency.

In his address at the Roundtable on "Net Zero Built Environment with Connected Communities" at Global Clean Energy Action Forum-2022 at Pittsburgh, in the United States, Dr Jitendra Singh said, we cannot solve climate change without transforming our cities and buildings and this requires massive efforts from the private and public sectors, but it is possible with today's technologies.

Dr Jitendra Singh pointed out that increasingly, cooling is recognized as a developmental need that is linked with achieving many Sustainable Development Goals. He said, Demonstration and Deployment, investment, technology are the key challenges to achieve net zero connected communities at a global level.

Dr Jitendra Singh pointed out that the development of a robust R&D innovation ecosystem will, inter alia, involve further development of scientific manpower in the area, requisite academic and R&D institutional capacities, support for R&D activities on various facets of cooling, including but not limited to refrigerants, cooling equipment, passive building design interventions, not-in-kind technologies and new emerging technologies; and industry preparedness to assimilate new technologies.

India called for important actions to address these challenges like a global Memorandum of Understanding (MoU) with respect to enhancing the R&D, and Deployment, Knowledge and technology sharing related to demand driven solutions, a tailored financing plan that would look into feasible funding sources and aggregating member countries' demand for the potential designing of a global tender/ procurement process.

Dr Jitendra Singh informed the Ministers and Delegates that his Ministry of Science and Technology has actively engaged several industry players, especially for demonstration and deployment and today we have over 78 industries participating in the Building Energy Efficiency and Smart Grid Program.

The Minister, however, acknowledged that the decarbonization of cities is a multifaceted challenge and requires a holistic approach and systemic efficiency. He said, alongside buildings, the electrification of private and public transport plays a pivotal role in not only achieving net zero emission targets, but also improving urban air quality. The public and Private sectors need to work closely to ensure the implementation of research outcomes, the Minister added.

Dr Jitendra Singh said that three major actions for which public and private sectors can come together to achieve planning and demonstrations of net zero connected communities are- Catalysing effective capital reallocation and new financing structures, including through scaling up climate finance, Lowering technology costs with R&D, nurturing industrial ecosystems, collaborating across value chains to reduce cost, and Establishing compensating mechanisms to address socioeconomic impacts, through economic diversification programs, reskilling and redeployment programs.

Highlighting the measures taken by India, Dr Jitendra Singh concluded that the Ministry of Science and Technology has supported research development and deployment of technologies with an investment of 34.3 million USD during the last decade. We have strengthened the R&D infrastructure and forced bilateral and multilateral collaborations through R&D programs in the field of Building Energy Efficiency and Smart Grids, the Minister emphasised.

TIOL CORP SEARCH

TIOL GROUP WEBSITES