Flagship Schemes and Innovative Interventions accelerate India's Clean Energy Transition (See 'Corp Brief') Tech Innovation and disruption in Construction Industry (See 'CORP EINSICHT') Historic Qadian-Beas Railway Line Project revived after Nearly 100 Years: Bittu (See 'Corp Brief') TEC workshop focuses on Spectrum Utilization and Satellite-Enabled 5G/6G Networks (See 'Corp Brief') Trade Marks - Quasi-judicial authority cannot validly base its decision on grounds that were not specifically disclosed in SCN, thereby depriving noticee of an effective opportunity to respond: HC (See 'Legal Desk') Smart Seed Technology delivers up to 30% Higher Yields in Groundnut and Soybean (See 'Corp Brief') Joshi launches Smart Warehousing System for Foodgrain Storage (See 'Corp Brief') NIXI to showcase India's growing Internet Ecosystem (See 'Corp Brief') A&C - Financial hardship cannot justify payment of disputed amount linked to fulfilment of deliverable-based obligations: HC (See 'Legal Desk') On Patna visit, Chouhan gives inspiring message in cleanliness campaign (See 'Corp Brief') Railways approves Rs 405 Crore Signalling Modernisation Project on Eastern Railway (See 'Corp Brief') Ministry of Coal to organize 3rd Roadshow on Surface Coal Gasification Projects in Mumbai (See 'Corp Brief') Bharat Innovates 2026 strengthens India's Position as Global Deep-Tech and Innovation Hub (See 'Corp Brief') DAE Secy & Chairman visit Tarapur site; commends NPCIL dedication to the Nuclear Energy Mission (See 'Corp Brief') Two-day Conference on Capacity Building and Strategic Roadmap concludes (See 'Corp Brief') IPR - Interim arrangement directing payment of ad hoc licence fees to copyright owner can continue upon determining that such entity cannot grant licences without registration u/s 33: HC (See 'Legal Desk') 'VB-G RAM G' national launch to begin from AP on July 1: Chouhan (See 'Corp Brief') Iconic Bridges: Pillars of New India's Infrastructure Transformation (See 'Corp Brief') 250 cyclists to join Union Sports Minister as Fit India Movement links cycling, yoga and healthy living (See 'Corp Brief') CCI okays TVS Emerald to acquire shares of combination of PGIM India Asset & PGIM India Trustees (See 'Corp Brief') IPR - Search engine cannot be permitted to auction or monetise that asset without proprietor's authorisation: HC (See 'Legal Desk') CCI approves subscription of equity by Kedaara Pearl & Kedaara Capital in Axis Finance (See 'Corp Brief') CCI nod for combination of certain CCPS and Romsons Group (See 'Corp Brief') DoPPW and J&K Bank sign MoU to expand pension-related services in UT (See 'Corp Brief') NHAI to transit towards Predictive Asset Management for Maintenance of NHs (See 'Corp Brief') PMLA - 180-day limit for provisional attachment cannot be extended due to Supreme Court's COVID limitation orders: HC (See 'Legal Desk') ASI and National Museum of Denmark sign MoU for underwater Archaeological Investigation (See 'Corp Brief') Leyland, Switch Mobility to provide discounts for replacement of old trucks and buses (See 'Corp Brief') MeitY convenes Consultation on 'Supporting AI Transformation of IT Services Industry' (See 'Corp Brief') IPR - Copyright - object of Section 57 is to lift an author's status beyond material gains of copyright & give it special status & put intellectual property on a higher pedestal than normal objects of copyright: HC (See 'Legal Desk') Railways approves Rs.201 Crore Kavach Project for Ambala Division (See 'Corp Brief') IICA hosts National Conference on 'Redefining India's Restructuring Ecosystem' (See 'Corp Brief') Companies Act - Aggregate allotment of shares to 284 persons through 7 issuances demonstrates fund-raising exercise beyond scope of statutory exemption; it constitutes deemed public offer attracting requirements of Companies Act & applicable SEBI regulations: SAT (See 'Legal Desk') PM Modi, Macron inaugurate 'Bharat Innovates 2026' (See 'Corp Brief') Holistic Access to Justice Scheme and 'Reforms Utsav' held in HP (See 'Corp Brief') National Urban Learning Platform launched as urban arm of iGOT-Mission Karmayogi (See 'Corp Brief') CSIR-NIScPR Organized Skill Training Programme on Basics of Koha Software (See 'Corp Brief') PMLA- Forfeiture unsustainable where nexus between property and illegally acquired income not established: SAFEMA (See 'Legal Desk') The Income Tax Act, 2025: Privacy, Power, and Constitutional Scrutiny (See CORP EINSICHT )

Print

Focus on nuclear energy to strengthen power infra: Manohar Lal

Published: Feb 03, 2025

By TIOL News Service

NEW DELHI, FEB 03, 2025: THIS Union Budget 2025-26 aims to initiate transformative reforms across six domains during the next five years and these will augment our growth potential and global competitiveness, said Union Minister for Power and housing and Urban Affairs  Manohar Lal.  He added that out of the six domains the two are:  Power Sector and Urban Development.

The Budget 2025-26 represents a significant milestone for the power sector, ushering in transformative reforms that will drive India's growth and pave the way for a secure, sustainable, resilient, and affordable energy future, said Union Minister for Power Manohar Lal.

Manohar Lal remarked that the government's dedication to improving the financial and operational stability of electricity distribution companies, coupled with incentives for enhancing intra-state transmission capacity, will greatly boost the efficiency of the power sector.

He states that the announcement of fully exemption of  scrap of lithium-ion battery, Lead, Zinc and 12 more critical minerals from basic custom duty is also a welcome decision. This will help secure their availability for manufacturing of batteries in India and promote more jobs for our youth.  The budget also proposed to add 35 additional capital goods in exempted list for EV battery manufacturing for electric vehicles.

Commending the emphasis on nuclear energy, he stated that the vision to develop at least 100 GW of nuclear power by 2047 underscores India's ambitious yet essential transition towards clean energy.

Welcoming the launch of the Nuclear Energy Mission, he highlighted that the Rs.20,000 crore allocation for research and development in Small Modular Reactors (SMRs) marks a significant step forward. He further emphasized that the target of operationalizing at least five indigenously developed SMRs by 2033 will strengthen India's energy security and solidify its leadership in advanced nuclear technology.

Union Minister for Power Manohar Lal said that the focus on nuclear energy will strengthen the country's power infrastructure and reduce dependence on conventional sources. This budget sets the stage for a resilient, efficient, and sustainable energy future, ensuring that India's economic growth is powered by clean and reliable energy, he stated.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.