RBI Issues Norms for Acceptance of Green Deposits by Banks The Reserve Bank of India (RBI) has recently issued guidelines for banks to accept green deposits. The move is aimed at promoting sustainable development and financing eco-friendly projects. The RBI has defined green deposits as term deposits of fixed tenure that are made with banks…
Suzlon Energy CEO appointment : Suzlon Board Appoints J P Chalasani as Chief Executive Officer Suzlon board has appointed J.P. Chalasani as the new Chief Executive Officer (CEO) of the company. This appointment comes after the resignation of Ashwani Kumar, who had held the position until April 5, 2023, citing personal reasons. Suzlon Energy is…
Tata Power CEO : Tata Power re-appoints Praveer Sinha as CEO Tata Power, one of India’s largest integrated power companies, has re-appointed Praveer Sinha as its CEO for another five years. Sinha has been with the company for over two decades and has played a pivotal role in transforming Tata Power into a leading player…
Denmark: The First Country to Import CO2 and Bury It Undersea Denmark has become the first country to import carbon dioxide (CO2) from other countries and bury it under the sea floor. It is an innovative measure to tackle the increasing levels of carbon emissions in the atmosphere. Denmark has initiated this project to reduce…
Compressed biogas plant : Assam CM Unveils North East’s 1st Compressed Biogas Plant Assam Chief Minister Himanta Biswa Sarma recently unveiled the North East’s first compressed biogas (CBG) plant in Boragaon in Guwahati. This plant, set up by the Numaligarh Refinery Limited (NRL), has a capacity of 500 kg of organic waste per day, and…
Adani Green Energy : Sri Lanka assents to Adani Green’s $442 million wind power project Adani Green Energy Limited has received approval from the government of Sri Lanka to set up a $442 million wind power project. This project will be the largest foreign direct investment in Sri Lanka’s renewable energy sector. The project is…
Federal Bank solar plant : Federal Bank installs 100 KWP Solar Plant at Aluva Office The Federal Bank, one of the leading private sector banks in India, has recently installed a 100 Kilowatt Peak (KWP) solar plant at its office in Aluva, Kerala. The solar plant has been set up on the rooftop of the…
Himachal Pradesh Green Energy Target to be First Green Energy State by 2025 Himachal Pradesh has set a target to become the first state in India to be completely powered by renewable energy by 2025. The state government has announced an investment of Rs 7,000 crore to achieve this goal. The state has been moving…
China hydrogen train | China Launches Asia’s First Hydrogen-Powered Train China has become the first country in Asia to launch a hydrogen-powered train, which is considered a major breakthrough in green transportation. The train, named ‘Haohua Zhongyun’, has been developed by the China Railway Rolling Stock Corporation (CRRC) and was launched in the city of…
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