Union Budget July 2024: Key Highlights and Expert Commentary by AK Tyagi
New Delhi | July, 2024
Energetica India
B udget 2024-25: Nirmala Sitharaman Presents Green Growth and Renewable Energy Initiatives
FM Nirmala Sitharaman has announced to bring out a policy document on appropriate energy transition pathways that balance the imperatives of employment, growth, and environmental sustainability.
AK Tyagi, Founder, Chairman and MD of Nuberg Engineering Ltd."The Budget 2024 includes bold and progressive measures that deserve praise. In line with the dream of a Viksit Bharat, bringing in a policy paper on energy transition routes is a big move to balance growth environmental protection, and jobs. This complete approach will be key as we deal with the tricky scene of changing our energy use. Auctioning offshore mineral blocks and creating a policy for electricity storage shows a practical approach to boost our energy infrastructure. These steps, along with efforts to add more renewable energy, will spark new ideas and make the sector more productive."
Chemical Industry Digest
Post Budget Comments
Driving Renewable Energy for Independence, Environmental Sustainability, and Future Resilience
– AK Tyagi, Founder, Chairman and Managing Director, Nuberg Engineering Ltd."The Budget 2024 includes bold and progressive measures that deserve praise. In line with the dream of a Viksit Bharat, bringing in a policy paper on energy transition routes is a big move to balance growth environmental protection, and jobs. This complete approach will be key as we deal with the tricky scene of changing our energy use.
Auctioning offshore mineral blocks and creating a policy for electricity storage shows a practical approach to boost our energy infrastructure. These steps, along with efforts to add more renewable energy, will spark new ideas and make the sector more productive.
Working together on R&D for small modular reactors and looking into new tech is important. By putting money into Bharat Small Reactors and modular reactors, the government isn’t just pushing nuclear tech forward, it’s also opening doors for businesses to get involved.
The success of PM Surya Ghar Muft Bijli Yojana and ongoing help for PM Awas Yojana Urban 2.0 show a real dedication to improving lives through better energy access and housing. The planned pumped storage policy will tackle the on-and-off nature of renewables, which you need for a power grid that won’t let you down.
Also, NTPC’s teamwork with BHEL to build an 800 MW plant using AUSC technology marks a big step forward in advanced power generation. Solar power stays a key part of our renewable energy goals, with a clear plan to reach 500 GW by 2030. This shows our dedication to cutting down on fossil fuel use and fighting climate change.
While the measures in Budget 2024 will advance renewable energy initiatives, achieve energy independence, mitigate environmental impacts, and create a resilient energy system for future generation
We wish more had been done to accelerate the development of Green Hydrogen. A greater emphasis on this promising technology would significantly bolster our sustainability efforts and reinforce our commitment to a greener future.
This technology holds great promise, and putting more effort into developing it could really strengthen our sustainability goals and show our commitment to a greener future. Our goal is to build on the Budget 2024’s progress by advancing renewable energy and boosting Green Hydrogen development. This will help us achieve a more sustainable and greener future."
Indian Chemical News
Industry hails growth roadmap in Union Budget 2024-25
The Budget has increased the Basic Customs Duties on ammonium nitrate from 7.5 to 10 per cent
A. K. Tyagi, Founder, Chairman & Managing Director, Nuberg Engineering Ltd."The Budget 2024 includes bold and progressive measures that deserve praise. In line with the dream of a Viksit Bharat, bringing in a policy paper on energy transition routes is a big move to balance growth, environmental protection, and jobs. This complete approach will be key as we deal with the tricky scene of changing our energy use.
Auctioning offshore mineral blocks and creating a policy for electricity storage shows a practical approach to boost our energy infrastructure. These steps, along with efforts to add more renewable energy, will spark new ideas and make the sector more productive.
Working together on R&D for small modular reactors and looking into new tech is important. By putting money into Bharat Small Reactors and modular reactors, the government isn't just pushing nuclear tech forward, it's also opening doors for businesses to get involved.
The success of PM Surya Ghar Muft Bijli Yojana and ongoing help for PM Awas Yojana Urban 2.0 show a real dedication to improving lives through better energy access and housing. The planned pumped storage policy will tackle the on-and-off nature of renewables, which you need for a power grid that won't let you down.
Also, NTPC's teamwork with BHEL to build an 800 MW plant using AUSC technology marks a big step forward in advanced power generation. Solar power stays a key part of our renewable energy goals, with a clear plan to reach 500 GW by 2030. This shows our dedication to cutting down on fossil fuel use and fighting climate change.
While the measures in Budget 2024 will advance renewable energy initiatives, achieve energy independence, mitigate environmental impacts, and create a resilient energy system for future generations, we wish more had been done to accelerate the development of Green Hydrogen. A greater emphasis on this promising technology would significantly bolster our sustainability efforts and reinforce our commitment to a greener future. This technology holds great promise, and putting more effort into developing it could really strengthen our sustainability goals and show our commitment to a greener future. Our goal is to build on the Budget 2024's progress by advancing renewable energy and boosting Green Hydrogen development. This will help us achieve a more sustainable and greener future."
T & D India
Union Budget 2024-25: Industry Reactions Towards A Resilient Energy System
“While the measures in Budget 2024 will advance renewable energy initiatives, achieve energy independence, mitigate environmental impacts, and create a resilient energy system for future generations, we wish more had been done to accelerate the development of Green Hydrogen. A greater emphasis on this promising technology would significantly bolster our sustainability efforts and reinforce our commitment to a greener future. This technology holds great promise, and putting more effort into developing it could really strengthen our sustainability goals and show our commitment to a greener future. Our goal is to build on the Budget 2024’s progress by advancing renewable energy and boosting Green Hydrogen development. This will help us achieve a more sustainable and greener future."
- A.K. Tyagi, Founder & CMD, Nuberg Engineering Ltd.© This article was published on Energetica India | Chemical Industry Digest | Indian Chemical News | T & D India, July, 2024.
Media Gallery
Energetica India - Budget 2024-25: Nirmala Sitharaman Presents Green Growth and Renewable Energy Initiatives
Chemical Industry Digest - Post Budget Comments - Driving Renewable Energy for Independence, Environmental Sustainability, and Future Resilience
Indian Chemical News - Industry hails growth roadmap in Union Budget 2024-25
T & D India - Union Budget 2024-25: Industry Reactions Towards A Resilient Energy System
