Latest news with #PankajAgarwal
India.com
5 days ago
- Business
- India.com
Centre Unveils Rs 1,000 Cr Scheme To Help MSMEs Upgrade To Energy-Efficient Tech
New Delhi: The Centre on Tuesday launched a new Rs 1,000 crore scheme to enable micro, small and medium enterprises (MSMEs) upgrade to energy-efficient technologies through comprehensive financial and technical support. The Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE) was officially launched by Power Minister Manohar Lal in Panipat, Haryana, according to a ministry statement. 'ADEETIE is a transformative movement to empower Indian industries, especially MSMEs, to become globally competitive through sustainability. With the right mix of incentives and support mechanisms, we are catalysing investments in cleaner, more efficient technologies,' said the minister. The ADEETIE scheme is being implemented by the Bureau of Energy Efficiency (BEE). The scheme covers 14 energy-intensive sectors. It will follow a phased roll-out, beginning with 60 industrial clusters in the first phase, followed by an additional 100 clusters in the second phase. The scheme will be implemented over three years, spanning FY 2025-26 to FY 2027-28, allowing for progressive deployment, course correction, and scaling based on early outcomes. The total outlay of Rs 1,000 crore comprises Rs 875 crore for interest subvention, Rs 50 crore for Investment Grade Energy Audit support and Rs 75 crore for handholding support through BEE. The scheme is expected to catalyse Rs 9,000 crore in investments, including Rs 6,750 crore of MSME lending. The scheme envisages to provide interest subvention of 5 per cent for micro and small enterprises, and 3 per cent for medium enterprises on loans, ensuring accessibility and affordability for MSMEs seeking financial aid for energy efficiency (EE) projects. In his address, Manohar Lal emphasised the importance of power in driving economic growth, aligned with the vision of Viksit Bharat, highlighting the role of renewables, energy efficiency, and environmental conservation, especially in the MSME sector. The minister noted various technologies featured in the ADEETIE scheme can help MSMEs reduce energy consumption by 30–50 per cent, improve the power-to-product ratio, and support the creation of green energy corridors. He also underscored the significance of industrial energy efficiency in reducing India's carbon footprint and achieving its international climate commitments. Pankaj Agarwal, Secretary, Ministry of Power, highlighted the pivotal role of BEE in scaling up energy efficiency projects and mainstreaming them across India's industrial ecosystem. He highlighted the scheme's focus on widespread adoption across 14 energy-intensive sectors and 60 identified clusters in the initial phase. Agarwal also stressed the need for a supportive policy and financing framework to empower MSMEs as key drivers of climate action.
Time of India
5 days ago
- Business
- Time of India
Centre rolls out ₹1,000 crore ADEETIE scheme for MSMEs to adopt energy-efficient technologies
New Delhi: The Union Ministry of Power on Tuesday launched the ₹1,000 crore Assistance in Deploying Energy Efficient Technologies in Industries & Establishments (ADEETIE) scheme to support Micro, Small, and Medium Enterprises ( MSMEs ) in adopting cleaner and energy-efficient technologies . The scheme was officially launched by Union Minister of Power and Housing & Urban Affairs Manohar Lal at Arya (P.G.) College in Panipat, Haryana. The ADEETIE scheme , implemented by the Bureau of Energy Efficiency (BEE), aims to provide financial and technical assistance to MSMEs through interest subvention on loans, investment grade energy audits, preparation of detailed project reports (DPRs), and post-implementation monitoring and verification. Interest subvention and budgetary allocation The scheme offers interest subvention of 5% for Micro and Small Enterprises and 3% for Medium Enterprises seeking loans for energy efficiency projects. Of the total outlay, ₹875 crore is earmarked for interest subvention, ₹50 crore for energy audits, and ₹75 crore for implementation support. According to BEE, the scheme is expected to mobilise ₹9,000 crore in investments, including ₹6,750 crore in prospective lending by MSMEs. Portal launched to streamline financing At the launch event, the Minister also unveiled the scheme brochure and inaugurated the dedicated portal ( ) to streamline the financing process for eligible beneficiaries. 'ADEETIE is a transformative movement to empower Indian industries, especially MSMEs, to become globally competitive through sustainability. With the right mix of incentives and support mechanisms, we are catalyzing investments in cleaner, more efficient technologies,' said Union Minister Manohar Lal. He added that various technologies featured under the scheme could help reduce MSMEs' energy consumption by 30–50%, improve the power-to-product ratio, and contribute to the development of green energy corridors. Focus on 60 MSME clusters, 14 sectors Pankaj Agarwal, Secretary, Ministry of Power, said that BEE will play a central role in scaling up energy efficiency across 14 energy-intensive sectors and 60 identified MSME clusters in the first phase. He called for an enabling policy and financing environment to support MSMEs as contributors to India's climate goals. A.K. Singh, Additional Chief Secretary (Energy), Government of Haryana, urged MSMEs to join the initiative to move away from fossil fuels and adopt sustainable practices. Support for MSME-led clean transition Akash Tripathi, Additional Secretary and Director General, BEE, said, 'The scheme will offer both technical and financial handholding to MSMEs. As India focuses on export-oriented industries, energy efficiency must be central to that growth — both to enhance productivity and reduce emissions.' The event also included the distribution of appreciation certificates to MSME units that participated in the pilot phase, and signing of MoUs with industrial associations. Two MSME representatives also shared early success stories from their participation in energy audits and technology upgrades. The ADEETIE scheme is aimed at accelerating India's shift to a low-carbon economy by equipping MSMEs with the tools needed to reduce energy intensity and enhance competitiveness.
Time of India
09-07-2025
- Business
- Time of India
IEX shares jump 5% after reports downplay market coupling as major sector reform
Shares of Indian Energy Exchange (IEX) jumped 5.4% on Wednesday to ahigh of Rs 211.75 on the BSE following reports that market coupling is not being viewed by the government as a major reform initiative for the power sector. The clarification comes amid ongoing discussions within regulatory and ministerial circles regarding the proposal. A report by CNBC-TV18 stated that the government is not currently considering market coupling to be a transformational or 'big ticket' reform in its present form. This statement has brought temporary relief to market participants who were concerned about the potential implications of the policy for power exchanges like IEX. The report also said that the Grid Controller of India 's report on market coupling—submitted earlier to the Central Electricity Regulatory Commission (CERC)—is still under review. In addition, the government is said to be evaluating ways to deepen the power market by looking into the expansion of energy derivatives in the future. This development comes after IEX shares had faced sharp selling pressure when initial reports suggested that the Power Ministry was actively engaging with stakeholders on the market coupling proposal. At that time, it was reported that the ministry was considering consultations to discuss the potential benefits of implementing such a system. Earlier this year, on February 21, Power Secretary Pankaj Agarwal had indicated that both the Ministry of Power and CERC were reviewing the recommendations of the Grid Controller regarding market coupling. Also read: ICICI Prudential AMC files for Rs 10,000 cr IPO; entirely an offer for sale by Prudential Corp Further back, in September 2024, another CNBC-TV18 report stated that market coupling of power exchanges was being considered by policymakers. While the official had confirmed that such a move was likely at some point in the future, no timeline was provided for its implementation. Market coupling refers to the integration of multiple power exchanges under a common clearing mechanism to determine a unified market price. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Hans India
27-06-2025
- Hans India
Cops recover stolen amount of `17 lakh in 2 hours
Hyderabad: The Domalguda police apprehended 2 persons involved in a theft case. Police recovered the total theft amount of Rs 17 lakh from the possession of the offenders in just two hours. The arrested accused were identified as Jethin Raj Yadav (21) of Moosarambagh and Souda Abhilash (18) of Malakpet. According to police, they received a complaint on June 26 from one Gopal Taparia residing at Anand Nagar. In the complaint, he stated that he has been running a chit fund business under the name Manbhavana Chit Fund Private Ltd., with branches located at Abids and Ranigunj. Jethin has been working for him for the past six months as a collection boy. On June 25, Jethin was sent from the Abids office to go to Jubilee Hills for the purpose of collecting amount from Pankaj Agarwal. Jethin reached the temple and collected an amount of Rs 17 lakhs from Pankaj Agarwal and placed it in a bag. K Shilpa Valli, DCP Central Zone said that the complainant made a phone call to Jethin to inquire about his location. He informed that he was at Himayatnagar and would be reaching in 15 minutes. However, he did not arrive. 'After 20 minutes, he attempted to contact him again, but his phone was switched off. Later, he contacted his father and was informed that Jethin had met with an accident at Upper Tank Bund and that the bag containing the cash was missing,' said DCP. The local enquiries and CCTV footages have proved that Jethin has pulled up a story to create a scene of theft of cash when he accidentally fell down from bike on Tank Bund but in fact after collecting the amount from Pankaj Agarwal has handed over the bag to Abhilash. He went to Gandhi hospital for treatment and came to police station acting as a victim. On further questioning, he confessed that the bag is in his house. Accordingly, the bag with an amount of Rs 14,50,000 was recovered and Abhilash was also apprehended and Rs 2,50,000 was recovered from his possession. The swift action of the police led to detection and recovery of amount within two hours.
Time of India
25-06-2025
- Business
- Time of India
GL Bajaj brings legal excellence to its legacy of education
The demand for legal professionals is witnessing a remarkable surge. From tech companies needing legal advisors for intellectual property rights to global corporations hiring compliance experts, law has emerged as one of the most impactful and sought-after professions in the modern era. What was once confined primarily to courtrooms has now expanded to boardrooms, think tanks, NGOs, arbitration centres, media houses, and corporate law firms. It's no surprise that law is being seen as one of the most future-proof and intellectually fulfilling career paths. Recognising this transformative shift and staying true to its legacy of excellence in education, GL Bajaj Educational Institutions — a name synonymous with top-tier engineering, management, and technical education in India — has launched the GL Bajaj Institute of Law (GLBIL). After two decades of setting benchmarks in MBA, MCA, BBA, BCA, and PGDM programs, GL Bajaj is now bringing its academic rigour and world-class infrastructure into the legal education landscape. A legacy of academic excellence, now in legal education Affiliated with Chaudhary Charan Singh University (CCS), Meerut, GL Bajaj Institute of Law is built on the same principles that have made the parent institution a reputed name in Indian higher education — a determined objective of academic quality, overall development, and industry alignment. GLBIL offers three structured law programs- LL.B. (3 Years), B.A. LL.B. (5 Years) and LL.B. (5 Years). These programs are designed to equip students with theoretical knowledge of constitutional, criminal, civil, and commercial laws and to give them hands-on experience with how laws are interpreted and applied in real-world settings. Pankaj Agarwal, Vice Chairman, GL Bajaj Educational Institutions, Greater Noida/Mathura Backed by visionary mentorship One of the standout features of GL Bajaj Institute of Law is its prestigious Advisory Board which includes some of the most respected figures in the Indian legal landscape: Justice Deepak Verma (Retd.), Supreme Court of India, Prof. V. Vijayakumar, former Vice Chancellor of National Law Institute University (NLIU), Bhopal and Mr. Prashant Srivastava, Attorney Regional Counsel and Head of Contracts & Risk at Hewlett Packard Enterprise. Their vision and mentorship are helping to shape a legal program that balances classroom knowledge with industry relevance, global standards, and ethical grounding. A campus that enables real learning GLBIL is built with facilities that support modern legal education. These include: Experienced Faculty, Moot Court Training, a Well-Equipped Library, Digital Classrooms, Add-On Certification Courses, Internship and Placement Support, and Scholarship opportunities up to ₹50,000. GL Bajaj is also strategically located in Greater Noida, one of North India's fastest-growing education and innovation corridors, offering students ample exposure and access to legal and corporate hubs. Why the legal profession is future-ready Today, the legal profession isn't limited to litigation. Emerging domains such as cyber law, intellectual property rights (IPR), digital privacy, arbitration, corporate compliance, environmental law, and international trade law are opening up exciting new avenues. With increased government and private sector regulation across industries, the need for well-trained legal professionals is growing rapidly. Furthermore, the beginning of legal tech and AI-based law tools is revolutionising the way legal research, documentation, and case tracking are conducted. Students who begin their journey at institutes like GLBIL today will be future-ready to work with tomorrow's legal tools and frameworks. Kartikay Agarwal, CEO, GL Bajaj Educational Institutions, Greater Noida/Mathura Empowering a new generation of legal leaders At GL Bajaj Institute of Law, the mission is clear: to create a generation of bold, ethical, and visionary legal professionals who can lead in courts, policy-making, governance, entrepreneurship, and public advocacy. The emphasis on academic success is about character building, clarity of thought, and a sense of justice. From curated guest lectures to interdisciplinary collaborations with technology and management departments within GL Bajaj, law students here get a well-rounded, robust education. As the world faces increasingly complex legal, digital, and social challenges, the need for intelligent, empathetic, and technically skilled legal professionals has never been greater. GL Bajaj Institute of Law is set to become a powerhouse of legal education in India. Whether your dream is to argue landmark cases, advise top corporations, or reform society through legal channels, GL Bajaj is where that journey begins.
