National News

PM Modi says 50% of India’s energy production will be met by non-fossil fuel by 2030

By: helloscholar news team

Date:

Prime Minister Narendra Modi has said that by 2030, 50 percent of India’s energy production will be met by non-fossil fuel, and by 2070 it plans ‘Net Zero’.

Mr Modi said that a silent revolution is taking shape in India with rising demand for electric vehicles (EV). State and central governments have extended incentives and subsidies for the EV sector.

Electricity Act 2003 has been enacted and came into force from 15.06.2003. The objective is to introduce competition, protect consumer’s interests and provide power for all. The Act provides for National Electricity Policy, Rural Electrification, Open access in transmission, phased open access in distribution, mandatory SERCs, license free generation and distribution, power trading, mandatory metering and stringent penalties for theft of electricity.

It is a comprehensive legislation replacing Electricity Act 1910, Electricity Supply Act 1948 and Electricity Regulatory Commission Act 1998.The Electricity Act, 2003 has been amended on two occasions by the Electricity (Amendment) Act, 2003 and the Electricity (Amendment) Act, 2007. The aim is to push the sector onto a trajectory of sound commercial growth and to enable the States and the Centre to move in harmony and coordination.

━ related

Government Establishes the Accelerated Corporate Exit Processing Centre to Streamline Business Dissolution Procedures

0
Aiming to simplify and expedite the process of corporate dissolution, the government introduces the Accelerated Corporate Exit Processing Centre. Learn about the significance of this initiative and how it will benefit businesses and the overall economy.

Kiren Rijiju Steps Down as Union Law Minister, Marking the End of an Era

0
In a surprising development, Kiren Rijiju has announced his resignation as the Union Law Minister, bringing an end to his impactful tenure. Explore the achievements and highlights of Rijiju's time in office and the potential implications of his departure.

Hinduja Group Chairman SP Hinduja Passes Away, Leaving Behind a Legacy of Business Excellence

0
The business world mourns the loss of SP Hinduja, the Chairman of the Hinduja Group, who has passed away. Explore the remarkable life and contributions of this visionary leader and the lasting impact he leaves behind.

Nepali Climber Sets New Record with 27th Ascent of Mount Everest

0
A remarkable achievement in mountaineering history as a Nepali climber conquers Mount Everest for the 27th time, establishing a new record. Learn more about this extraordinary feat and the perseverance of this seasoned mountaineer.

Global Accessibility Awareness Day 2023: Promoting Inclusion and Digital Accessibility

0
Global Accessibility Awareness Day (GAAD) 2023 marks a significant milestone in raising awareness about the importance of accessibility and inclusion in the digital world. Discover how this global event is making a positive impact on people's lives and promoting a more inclusive society.

© helloscholar


Home

PDF

Join Study Group