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Government unveils key initiatives to boost industrial growth & investmentsPakistan train hijack saga - security forces make negligible gains despite heavy shelling & firing; over 250 hostages still being heldI-T- Proviso to Section 36(1)(iii) aims to exclude interest costs from being deductible during the period from when loan is initially taken until asset created by borrowing is used in business: HCDisplaying food menu and rate list mandatory aboard trains: Railways MinisterI-T- Section 36(1)(iii) does not distinguish between capital borrowed for revenue or capital assets: HCRBI, NCFE launch joint campaign to boost financial literacyGST - A new entry was inserted to make Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice to be taxable @ 14% GST and @12% Compensation Cess - Therefore, these notifications can only have effect from the date it is made effective and prospectively: HCLaw Ministry acknowledges US Securities and Exchange Commission’s request for assistance in lawsuit against Adani Group; Gujarat court asked to serve noticeGST - In the absence of reasons having been assigned in SCN in support of a proposed retrospective cancellation as well as a failure to place petitioner on prior notice of such an intent clearly invalidates impugned action: HCGovt extols pension reforms, focus on senior citizens' welfareGST - Appeal should not be dismissed merely due to a procedural delay, especially when the petitioner has made an effort to comply with statutory requirements, including the pre-deposit of 10%: HCMP Govt unveils Rs 4.21 Lakh Crore budget focussed on industrial growthCX - No disputed question of law is involved - Contention that no personal hearing was granted is contrary to the record - Petitioner should avail alternative remedy: HCGovt recounts steps to improve financial soundness of banks; credit discipline, responsible lending being addressedMisc - Grave prejudice caused - In absence of a notice of any kind and a reasonable opportunity of hearing, the order passed becomes wholly vitiated: HCChin refugees from Myanmar draining resources, creating security threat for Mizoram: Mizo activist writes letter to Home Minister Amit ShahHow Many Days Make a GST Month?Baloch rebels hijack Jafar Express in Pakistan; 20 security personnel killed while about 180 taken hostage; 80 hostages freed so farAAHAR 2025 - APEDA showcases achievements in agriculture & processed food sectorsWhite House dials up heat on Columbia University to expel pro-Palestinian activistsIndia, Qatar ink MoU for bilateral investment, financial tools & PPP frameworkNew electrochemical process developed which turns urine into plant fuelIndia accounts for 3% of global pharma exports; Govt lists steps to curb spurious drugsUkraine backs US-led proposal for 30-day ceasefirePMG reviews mega infra projects in AP & TN; calls for resolution of pending issuesCus - It is for an aggrieved person to choose from available remedies & to bear consequence - including that of lack of jurisdiction; it is for other side to advise caution on that in score: CESTATI-T - Merely because cash were deposited during demonetization period, does not make it tainted: ITATI-T- Retrospective denial of exemption u/s 11 and 12, on grounds of the claimant having been registered u/s 12A, is invalid: ITATI-T- Re-assessment invalid where based solely on conjecture & without being based on any corroborative evidence or independent verification by AO: ITAT
 
India's RE capacity registers 15.84% Year-on-Year Growth

By TIOL News Service

NEW DELHI, JAN 14, 2025: UNION Ministry of New and Renewable Energy (MNRE) has reported remarkable progress in India's renewable energy sector, highlighting significant achievements between December 2023 and December 2024. This growth reflects India's steadfast commitment to achieving its clean energy targets and its broader vision under the 'Panchamrit' goals announced by Prime Minister Narendra Modi.

Record Capacity Additions

As of December 2024, India's total renewable energy installed capacity has reached 209.44 GW, marking an impressive 15.84% increase compared to 180.80 GW in December 2023. The total capacity added during 2024 amounted to 28.64 GW, representing a significant year-on-year increase of 119.46% compared to the 13.05 GW added in 2023.

Solar and wind surge

In 2024, solar power spearheaded this growth with the addition of 24.54 GW, reflecting a 33.47% rise in its cumulative installed capacity from 73.32 GW in 2023 to 97.86 GW in 2024. Wind energy also contributed to this expansion, with an additional 3.42 GW installed in 2024, increasing the total wind capacity to 48.16 GW, a growth of 7.64% from 2023.

Growth in Bioenergy and Small Hydro Power

Bioenergy has shown remarkable growth, with its installed capacity rising from 10.84 GW in December 2023 to 11.35 GW in December 2024, reflecting a 4.70% increase. Small hydro power projects saw incremental growth, with installed capacity increasing from 4.99 GW in 2023 to 5.10 GW in 2024, representing a 2.20% rise.

MNRE under Union Minister of New and Renewable Energy Pralhad Joshi has been taking various key initiatives to achieve Prime Minister Narendra Modi's vision of 500 GW of renewable energy by 2030,  reflecting India's dedication to fulfilling its climate commitments while strengthening energy security. These impressive figures underscore the Government of India's continued efforts to scale up renewable energy capacity in India.


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