Union Budget 2024-25: 1 crore homes to get free electricity up to 300 units under Surya Ghar Muft Bijli Yojana, announces Finance Minister
The Hindu
In Budget 2024, Finance Minister announces PM Surya Ghar Muft Bijli Yojana for rooftop solar programme
In line with the Interim Budget announcement in February this year, Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of Pradhan Mantri Surya Ghar Muft Bijli Yojana, to install rooftop solar plants and provide 1 crore households with free electricity for up to 300 units every month.
Announced a slew of measures for the promotion of green growth and renewable energy, the Finance Minister said in her Budget 2024 speech, “The rooftop solar scheme has generated remarkable response with over 1.28 crore registrations and 14 lakh applications.”
Click here for Union Budget 2024 LIVE Updates
The benefits expected from solarisation are savings up to Rs 15,000-18,000 crore annually for households from free solar electricity and selling the surplus to the distribution companies; charging of electric vehicles; entrepreneurship opportunities for a large number of vendors for supply and installation; and employment opportunities for the youth with technical skills in manufacturing, installation and maintenance, according to the government.
Finance Minister Nirmala Sitharaman created history as she presented her seventh straight Budget and the first Budget by the BJP-led NDA government since it was re-elected last month. Ms. Sitharaman tabled the Economic Survey of the financial year 2024 in the Lok Sabha on Monday. The Survey projected India’s financial year 2025 Gross Domestic Product (GDP) growth to range between 6.5% and 7%. The growth projected for 2024-25 is lower than the economic growth rate of 8.2% estimated for the previous financial year.
Nvidia will be part of OpenAI’s new funding round with an agreement that could be concluded as early as this weekend, according to the Times
Ekki Homa launches German technology sewage pumps in India, aiming for a 3% market share and expanded production capacity.
Novartis sells 70.68% stake in its Indian unit for $159 million to a consortium including WaveRise Investments and ChrysCapital.
Volkswagen India has announced the introduction of Tayron R-Line, a luxury SUV at the introductory price of ₹46.99 lakh (ex-showroom).
Sensex drops 1,236 points amid geopolitical tensions, led by declines in RIL and HDFC Bank, fueling market volatility.
India to start rare-earth permanent magnet production this year, with plans for critical mineral processing parks in multiple states.
The companies claim it to be the first-of-its-kind innovation for India, where audiences can now discover, engage, and immerse in their favourite stories simply by speaking
Mukesh Ambani announces ₹10 lakh crore investment in AI at India AI Summit 2026, promising a transformative tech revolution.
French President Emmanuel Macron told a global artificial intelligence summit in India on Thursday he was determined to ensure safe oversight of the fast-evolving technology.
President Trump’s son, Donald Trump Jr., has invested in Polymarket through his venture capital firm and is a strategic advisor for Kalshi.
Markets became volatile after a strong start, with selling in services and consumer durables stocks dragging indices down.
TATA Group and OpenAI partner to enhance AI education and infrastructure in India, driving global innovation and youth empowerment.
Explore the challenges and considerations for Indian firms eyeing Venezuelan oil imports amidst political and logistical hurdles.