Day: January 31, 2024

Budget 2024: Outlook for Water Sector

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Subhash Sethi, Chairman, SPML Infra Limited India was the 10th largest economy in the world with a GDP of $1.9 trillion about ten years ago. Today, it is the fifth largest with a GDP of $3.7 trillion (est. FY24) and in the next three years, it is expected to become the third-largest economy in the world, with a GDP of $5 trillion.  Policy reforms with ease of doing business have played a pivotal role in propelling India’s economic growth. These measures have significantly contributed to the country’s economic progress and…

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Budget 2024: Emphasis should be on Enhancing Energy Efficiency and Reducing Carbon Emissions

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Anil Sethi, Chairman, Pump Academy Private Limited As we approach the Union Budget 2024, there is a pressing need to prioritize the integration of advance technology for improved energy efficiency and the reduction of carbon emissions across all machinery and infrastructure. The Hon’ble Finance Minister should take cognizance of our Hon’ble Prime Minister’s commitment to achieve net-zero emissions for India by 2070, declared at The UN Climate Change Conference in Glasgow (COP26) that brought together 120 world leaders and over 40,000 participants in 2021. This commitment includes obtaining 50% of…

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