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Daily News Wrap-Up: Union Budget 2023 Focuses on Green Energy Transition

Green Energy Open Access Rules amended to align with regulations

February 2, 2023

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The Union Finance Minister Nirmala Sitharaman laid out an expansive budgetary outlay for expediting green transition as she identified ‘Green Growth’ as one of the seven pillars for Budget 2023. The budget proposed capital investments of ₹350 billion (~$4.28 billion) for green energy transition, net-zero objectives, and energy security. Additionally, it extended the Basic Customs Duty exemptions on several items, including lithium-ion batteries for electric vehicles, to help scale up the adoption of green mobility.

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