Latest news with #IBA
Time of India
2 days ago
- Business
- Time of India
IBA seeks ₹10,000/unit subsidy for household biogas plants
Indian Biogas Association has pitched for a scheme to provide ₹10,000 per unit subsidy for reviving 50 lakh biogas units, which are ready with basic infrastructure, saying it can spur mass adoption of the cleaner fuel, especially in rural India. Indian Biogas Association (IBA) Chairman Gaurav Kedia told PTI that the overall government spend on the scheme would be ₹5,000 crore, which could be recovered in two years. He stated that IBA has called for the government to lead a bold, forward-looking attempt to support 50 lakh biogas units across the country. Infrastructure for these units is already in place and incentives are needed to spur mass adoption in rural India, he noted. "A focused, mission-driven approach like Swachh Bharat Abhiyan can deliver meaningful results in this direction. Most of these systems are underutilized or idle because of insufficient funding, maintenance, and long-term incentives. "It is high time we move from potential to performance and convert biogas into a real household fuel of the future. IBA calls for a policy revolution to make biogas systems not only accessible but rewarding," he said.
Time of India
2 days ago
- Business
- Time of India
PSBs explore joint ventures after success of common auction portal
State-run banks are examining the feasibility of setting up more joint ventures among themselves for business and operational efficiency, encouraged by the success of the common property listing and e-auction portal through which more than 100,000 seized properties have been auctioned in the past 11 months. A four-member committee comprising senior executives from public sector banks (PSBs), including Bank of India , Union Bank and Central Bank of India, has been set up to look at the capital requirement for these joint ventures, said two bank executives aware of the development. The panel was set up in June. These initiatives are a part of state-run banks' 'Enhanced Access & Service Excellence (EASE)' reforms agenda. "The committee will also look at specific approaches such as the Re-KYC project (for periodic and re-verification of customer information) developed by Bank of Maharashtra and examine the feasibility of scaling such initiatives and pursuing them through joint ventures," said one of the executives. Another bank executive said some of the collaborative initiatives, including a common collection firm to recover retail and MSME loans below ₹5 crore, are already being worked out. "While some of these will be pursued through PSB Alliance , we can also look at setting up other ventures, depending on the requirement," he said. Doorstep banking and a cloud infrastructure for PSBs are also being pursued, he added. The Bank Asset Auction Network (BAANKNET), through which properties are auctioned, is powered by PSB Alliance, which is set up by all PSBs to offer customer-oriented services jointly. After a review meeting of PSBs in June 2025, finance minister Nirmala Sitharaman had asked banks to proactively identify emerging commercial growth areas for the next decade and deepen corporate lending in productive sectors with a strong focus on maintaining robust underwriting and risk-management standards. Earlier this month, Indian Banks' Association (IBA) chief executive Atul Goel said that through Ease 7.0 in FY24-25, PSBs had accelerated generative artificial intelligence readiness and implemented pilot use cases, strengthened data governance and analytics, adopted cloud for scalable operations, and enabled digital operating models for cost efficiency and quality. As per an IBA report, under EASErise, the reform agenda for FY26, banks' core focus will be on fortifying the risk-management systems of PSBs, enhancing their capacity to absorb economic shocks and upholding financial stability.
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Business Standard
3 days ago
- Business
- Business Standard
IBA pitches for ₹10,000 per unit subsidy for household biogas plants
Indian Biogas Association has pitched for a scheme to provide ₹10,000 per unit subsidy for reviving 5 million biogas units, which are ready with basic infrastructure, saying it can spur mass adoption of the cleaner fuel, especially in rural India. Indian Biogas Association (IBA) Chairman Gaurav Kedia told PTI that the overall government spend on the scheme would be ₹5,000 crore, which could be recovered in two years. He stated that IBA has called for the government to lead a bold, forward-looking attempt to support 5 million biogas units across the country. Infrastructure for these units is already in place and incentives are needed to spur mass adoption in rural India, he noted. "A focused, mission-driven approach like Swachh Bharat Abhiyan can deliver meaningful results in this direction. Most of these systems are underutilized or idle because of insufficient funding, maintenance, and long-term incentives. It is high time we move from potential to performance and convert biogas into a real household fuel of the future. IBA calls for a policy revolution to make biogas systems not only accessible but rewarding," he said. As under the Swachh Bharat Mission (Gramin), where the Government of India provides a subsidy of ₹12,000 to eligible rural households for constructing individual household toilets (IHHL), a similar model could be considered for reviving small biogas plants, assuming a revival cost of approximately ₹10,000 per unit, he suggested. He informed that the IBA will propose to the government a one-time grant of ₹10,000 per plant to restore non-operative units to bring dead assets to life, increase clean energy production and enhance the return on public and private sector investments. Given that rural Biogas plants can substitute the subsidized LPG cylinde₹being provided to rural households (12 cylinders per year at ₹603 per cylinder under the Ujjawala Yojana), Biogas can replace free LPG cylinders each year and could help save around ₹3,618 crore per year -if all these 5 million biogas plants become functional, he pointed out. This provides the assurance of continuous cooking fuel, enhances user confidence, and promotes large-scale acceptance by minimising the perceived risk of using biogas alone, he noted. Kedia suggested that the quarterly maintenance check-ups should be implemented by the government on biogas units to provide them with long-term viability and smooth operation. As most breakdowns occur due to minor, avoidable faults, regular check-ups will make plants operate at peak efficiency and enhance user satisfaction, he suggested. With this preventive measure, plant life will be extended, performance enhanced, rural employment created, and misuse of subsidies prevented, he stated. The proposed initiative is aimed at realising the potential of Biogas in India through the means of small-scale biogas plants scattered throughout the country. It is more about changing rural lives, managing solid waste, utilising the digestate as organic manure, and enabling a sustainable future at the grassroot level," Kedia said. One biogas plant can save almost 6 tonnes of CO2 annually and lower firewood use by 5 tonnes, curbing indoor air pollution and felling of trees. States, on the economic front, could save more than ₹50,000 crore jointly through improved waste management, healthcare cost savings, and import substitution. With the appropriate nudge, India can minimise reliance on LPG imports while building a circular, renewable energy economy. IBA will be presenting the proposal to the government soon, he pointed out. "If we get our investments right, India can become the world benchmark," said Kedia, adding that the IBA also urged harmonious integration of this proposed initiative with flagship programs such as GOBARdhan and SATAT, to facilitate easier implementation and impact. The IBA is the largest and professional biogas association for biogas industry stakeholders, including technology providers, project developers, plant operators and planners of biogas plants. (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.)
Time of India
3 days ago
- Business
- Time of India
IBA seeks Rs 10,000 per unit subsidy for household biogas plants
Indian Biogas Association has pitched for a scheme to provide Rs 10,000 per unit subsidy for reviving 50 lakh biogas units, which are ready with basic infrastructure, saying it can spur mass adoption of the cleaner fuel, especially in rural India. Indian Biogas Association (IBA) Chairman Gaurav Kedia told PTI that the overall government spend on the scheme would be Rs 5,000 crore, which could be recovered in two years. He stated that IBA has called for the government to lead a bold, forward-looking attempt to support 50 lakh biogas units across the country. Infrastructure for these units is already in place and incentives are needed to spur mass adoption in rural India, he noted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo "A focused, mission-driven approach like Swachh Bharat Abhiyan can deliver meaningful results in this direction. Most of these systems are underutilized or idle because of insufficient funding, maintenance, and long-term incentives. "It is high time we move from potential to performance and convert biogas into a real household fuel of the future. IBA calls for a policy revolution to make biogas systems not only accessible but rewarding," he said. Live Events As under the Swachh Bharat Mission (Gramin), where the Government of India provides a subsidy of Rs 12,000 to eligible rural households for constructing individual household toilets (IHHL), a similar model could be considered for reviving small biogas plants, assuming a revival cost of approximately Rs 10,000 per unit, he suggested. He informed that the IBA will propose to the government a one-time grant of Rs 10,000 per plant to restore non-operative units to bring dead assets to life, increase clean energy production and enhance the return on public and private sector investments. Given that rural Biogas plants can substitute the subsidized LPG cylinders being provided to rural households (12 cylinders per year at Rs 603 per cylinder under the Ujjawala Yojana), Biogas can replace free LPG cylinders each year and could help save around Rs 3,618 crore per year -if all these 50 lakhs biogas plants become functional, he pointed out. This provides the assurance of continuous cooking fuel, enhances user confidence, and promotes large-scale acceptance by minimising the perceived risk of using biogas alone, he noted. Kedia suggested that the quarterly maintenance check-ups should be implemented by the government on biogas units to provide them with long-term viability and smooth operation. As most breakdowns occur due to minor, avoidable faults, regular check-ups will make plants operate at peak efficiency and enhance user satisfaction, he suggested. With this preventive measure, plant life will be extended, performance enhanced, rural employment created, and misuse of subsidies prevented, he stated. "The proposed initiative is aimed at realising the potential of Biogas in India through the means of small-scale biogas plants scattered throughout the country. It is more about changing rural lives, managing solid waste, utilising the digestate as organic manure, and enabling a sustainable future at the grassroot level," Kedia said. One biogas plant can save almost 6 tonnes of CO₂ annually and lower firewood use by 5 tonnes, curbing indoor air pollution and felling of trees. States, on the economic front, could save more than Rs 50,000 crore jointly through improved waste management, healthcare cost savings, and import substitution. With the appropriate nudge, India can minimise reliance on LPG imports while building a circular, renewable energy economy. IBA will be presenting the proposal to the government soon, he pointed out. "If we get our investments right, India can become the world benchmark," said Kedia, adding that the IBA also urged harmonious integration of this proposed initiative with flagship programs such as GOBARdhan and SATAT, to facilitate easier implementation and impact. The IBA is the largest and professional biogas association for biogas industry stakeholders, including technology providers, project developers, plant operators and planners of biogas plants.
IOL News
4 days ago
- Entertainment
- IOL News
EXCLUSIVE: My dad's legacy lives on through the IBA, says Muhammad Ali's daughter Rasheda
Rasheda Ali and her father, the great Muhammad Ali. Picture: AFP Image: AFP RASHEDA Ali was just three years old when her daddy, Muhammad Ali, stepped into the ring for arguably the most celebrated boxing bout of all time, 'The Rumble in the Jungle' on October 30, 1974, in Kinshasa. Ali's exceptional reflexes and athleticism were all brought to life on that fateful morning in Zaire (now Democratic Republic of Congo) through his lightning footwork, superior head movement, a unique low-hand guard, and the famous "rope-a-dope" technique. Rasheda's recollection of the actual fight is limited and based more on the black-and-white film tapes she's watched countless times. And while she still swoons over the beauty he portrayed in a sport that's infamous for its brutality, the recollection of her great father lies more in the legacy that he left outside of the ring. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading 'Yes, I think my dad has done so much while he was here on the earth. What he tried to do was, he tried to be an example of how we should treat each other. My dad was an advocate for, he was a champion, he was a peace ambassador, he was the greatest in the ring and also out,' Rasheda exclusively told Independent Media on the outskirts of the IBA's Golden Era launch in Istanbul. 'Because he really wanted people to love one another a lot more … 'Service to others' was one of my favourite quotes that he's ever made. Because the reality is, why are we all here? 'So when my dad stepped into a ring, he was also thinking of his brothers. And I think we should be hearing that a little bit more now, especially in this emotional climate, politically and physically.' Rasheda feels her dad's 'legacy lives on through the IBA', especially after IBA President President Umar Kremlev unveiled plans for the sport's 'Golden Era' with a bout arranged between America's Rob Morrow and Iran's Hasan Yousefi. 'Boxing is for peace. We are for peace," Kremlev said, with Rasheda concurring. 'Only Umar could bring two countries together and really try to promote peace and ambassadorship,' she said. 'And that's what my dad did while he was here and I think my dad's life and legacy carries on through the IBA. We can learn from my dad who really tried to bring people into the sport and he did that because he was so eloquent while he was in the ring. 'But also what he did outside the ring is what he's mainly notable for. And him being just an ambassador of peace, for him being someone who loved every single person regardless of their race, creed or color. 'Because I think that's kind of where Umar is trying to take the organization into a point where he's connecting with not just professional fighters but also amateur fighters and helping them and giving them an opportunity to not only fight but become champions within themselves.' Rasheda fondly remembers a trip to South Africa almost 20 years ago where she went to research another great patron of peace, and very good friend of her father, former State President Nelson Mandela. 'So back in 2006 I had a conference there (in Cape Town) and I brought my whole family,' she said. 'I brought my children and my husband there. And we got a chance to actually go to Robben Island, we actually toured Nelson Mandela's cell while we were there. 'Yes, we went to Robben and what we did was we were able to teach our children about what that meant and how small that cell was. And really what that meant and how Nelson suffered and really they learned a lot. I mean they learned a lot more being on that island than being in a classroom honestly.'
