&w=3840&q=100)
Green taxonomy: More resources will flow to climate-friendly projects
Business Standard Editorial Comment Mumbai
Listen to This Article
As India faces a mounting climate challenge, access to finance, advanced technologies, and critical mineral resources assumes greater importance. The draft 'Climate Finance Taxonomy', recently released by the Department of Economic Affairs, Ministry of Finance, comes in as a much-needed framework during these critical times. Given the increased climate vulnerability, particularly in sectors like agriculture and water resources, and the need to increase per capita energy consumption from a paltry 16.7 gigajoules (GJ) in 2022-23 to 45.7-75 GJ per year, India needs a cumulative $2.5 trillion to meet its Nationally Determined Contributions (NDC) targets till 2030. But at the same
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
8 hours ago
- Business Standard
ACME Solar secures ₹15,000 crore debt funding for greenfield projects
The company wants to increase capacity to 7 Gw by 2028 through hybrid and renewable projects, including firm and dispatchable renewable energy (FDRE), he said Puja Das New Delhi Listen to This Article Renewable energy producer ACME Solar has secured debt-funding of around ₹15,000 crore for its greenfield projects, Group Chief Financial Officer Rajat Singh told Business Standard in an interview. The company wants to increase capacity to 7 Gw by 2028 through hybrid and renewable projects, including firm and dispatchable renewable energy (FDRE), he said. The ultimate goal is to achieve 10 Gw by 2030. In the first phase, the plan is to invest between ₹15,000 crore and ₹17,000 crore to increase current operational capacity to 5 Gw by calendar year 2026. The second phase of the growth is under the planning
&w=3840&q=100)
Business Standard
8 hours ago
- Business Standard
Zelenskyy hopes India will contribute to efforts to end Russia-Ukraine war
Ukraine President Volodymyr Zelenskyy on Friday said he hoped New Delhi would contribute to efforts aimed at ending the war with Russia, as he wished India on its Independence Day. Zelenskyy's post on X came hours ahead of a summit meeting between US President Donald Trump and Russian President Vladimir Putin in Anchorage, Alaska, aimed at ending the war, now in its fourth year. Congratulating the people of India, President Droupadi Murmu and Prime Minister Narendra Modi, Zelenskyy said, 'This week we had a good, candid conversation with Prime Minister @narendramodi when I had an opportunity to personally convey my best wishes on this occasion.' 'Our nations share the experience of standing up for freedom and dignity, as well as the pursuit of peace and development,' the Ukrainian president wrote. 'We hope that India will contribute to efforts aimed at ending the war, so that our freedom and sovereignty are truly secure,' Zelenskyy said. 'I am confident that the potential for mutually beneficial Ukraine–India cooperation lies ahead — in science, technology, trade, and culture. Wishing peace and prosperity!' he further said. Trump last week announced an additional 25 per cent tariff on US imports from India -- raising the overall duty to 50 per cent -- as a penalty for the country's continued imports of Russian oil. The tariffs will come into effect from August 27. India on Thursday said it has not halted oil purchases from Russia in response to the US president's tariff threat and continues to buy based solely on economic considerations. Responding to the US tariffs, the Ministry of External Affairs had said that the targeting of India is unjustified and unreasonable. 'Like any major economy, India will take all necessary measures to safeguard its national interests and economic security,' it said. Trump has said that India's purchasing of Russian oil is 'fuelling' the war machine. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
&w=3840&q=100)
Business Standard
13 hours ago
- Business Standard
Swiggy hikes platform fee to ₹14 in select regions for festive season
Food delivery platform Swiggy has temporarily increased its platform fee from Rs 12 to Rs 14 in select regions across the country. The Rs 2 hike is being implemented on a pilot basis to manage high demand during the festive season. However, the fee is expected to be rolled back once the festive rush subsides, or it may apply only on festive days when demand slows down. Business Standard placed two separate orders worth around Rs 500 each, one in Central Delhi and the other in Greater Noida. In both instances, the platform fee remained at Rs 12. However, sources familiar with the development confirmed that Swiggy has increased the platform fee by a couple of rupees in select regions experiencing high order volumes. Interestingly, this is not the first time the platform has experimented with fee hikes. The platform fee, which stood at Rs 2 in April 2023, has jumped 600 per cent in just over two years. According to media reports, the Bengaluru-based firm delivers more than two million orders per day. The order history of this reporter shows that orders placed until August 3 charged a platform fee of Rs 11.8. However, orders placed from August 6 consistently charged a fee of Rs 12. The platform is yet to officially comment on the latest fee hike. Swiggy reported a consolidated net loss of Rs 1,197 crore for the first quarter of the financial year 2025-26 (Q1 FY26), widening from a loss of Rs 611 crore in the same period last year. On a sequential basis, the company's losses deepened from Rs 1,081 crore in Q4 FY25.
