Day: 30 January 2025

National Steel-Policy (NSP)-2017 envisages that; by FY-2031, per-capita steel-consumption in India will increase to 158-160 kg as against 95.2 kg in CY-2023. Also, steel has an output multiplier effect of 1.4 on GDP-growth. For meeting this ambitious target, India must boost production of Iron-ore which is key raw-material for producing steel. As per IBM, total Iron-ore reserves in India are about 35.3 billion-tons.  Out of which, as per exploration done so far, the probable and proven reserves are barely 6.4 billion-tons as on FY-2020. In last decade, India produced about…

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“The Union Budget 2025 presents a pivotal opportunity to accelerate India’s transition to solar energy. As the demand for clean energy rises, we expect the government to introduce enhanced financing schemes, such as subsidies, low-interest loans, and tax incentives, to make solar installations more affordable for households and businesses. Expanding initiatives like the Pradhan Mantri Suryoday Yojana will further drive solar adoption and create new employment opportunities. Additionally, supporting MSMEs with tax breaks, grants, and funding for R&D will foster innovation and reduce costs in the solar sector. Finally, investing…

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