• About us
  • Contact us
  • Our team
  • Terms of Service
Saturday, June 20, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Opposition members express concern over ‘ambiguous’ definition of carbon trading in energy conservation bill

Press Trust of india by Press Trust of india
August 8, 2022
in BUSINESS
A A
0
Oppn raises slogans against 3 farm laws in Lok Sabha
FacebookTwitterWhatsapp

New Delhi:  Some opposition members expressed concern over the “ambiguous” definition of carbon trading during a discussion on the Energy Conservation (Amendment) Bill in the Lok Sabha on Monday and alleged that it is tilted towards favouring a few corporates.

Participating in the debate, N K Premachandran of the Revolutionary Socialist Party (RSP) said the Bill is ambiguous about carbon trading and its definition is not clear.

More News

PM Modi says 70 lakh jobs created under PM-VBRY so far

MPC opts for ‘wait-and-watch’ amid growth, inflation uncertainties: RBI minutes

PM Modi meets leading CEOs in France; discusses investments and expansion plans in India

Load More

“I reasonably apprehend that the Bill is designed with the sole intention to promote carbon trading…according to the legislation, there is no clear-cut definition of carbon credit. That means you are keeping Parliament in the dark with some ulterior motive,” he said.

M K Vishnu Prasad of the Congress said the Bill seems to favour certain corporates.

Energy conservation has to be promoted and carbon emission has to be restricted but in the process, corporates should not get an undue advantage, he said.

Prasad also suggested that the government should support a central public sector undertaking (CPSU) for promoting electric vehicles.

Making a case for referring it to a parliamentary committee, Gaurav Gogoi of the Congress said there are certain provisions in the Bill that need comprehensive deliberations.

He also said the government must ensure that the corporates do not pass on the responsibility of carbon emission reduction to the consumers.

It should explore the opportunity for harnessing tidal energy, Gogoi said.

Initiating the discussion on the Bill, Adhir Ranjan Chowdhury of the Congress said the government has hiked the Goods and Services Tax (GST) rates on solar panels to 12 per cent, which has led to an increase in the production cost, while cheaper panels from China are flooding the market.

He expressed concern that the Bill will bring large residential buildings under its ambit and sought a clarification from the government on how the compliance and penalties provisions would affect the common man.

Chowdhury also said while subsidies on renewable energy are reducing, they are being given to electric vehicles.

He added that the states should also have the right to issue carbon credit certificates.

G S Pon of the DMK said although the country has been discussing electric mobility, nothing concrete has happened in terms of charging stations.

Supriya Sule of the Nationalist Congress Party (NCP) sought to know from the government the rationale behind a reverse bidding in renewable energy contracts.

She also sought to know from the government whether it has held discussions with the stakeholders on carbon credit trading.

Previous Post

2 dead, another injured as shooting stones hit pilgrims at Shiv Khori Shrine in Reasi

Next Post

Free entry draws more students to ASI monuments, govt seeks to further boost number

Press Trust of india

Press Trust of india

Related Posts

PM Modi says 70 lakh jobs created under PM-VBRY so far

‘Challenging’ situation due to West Asia war, says PM Modi
June 20, 2026

New Delhi:  Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) has created over 70 lakh jobs across the country so far,...

Read moreDetails

MPC opts for ‘wait-and-watch’ amid growth, inflation uncertainties: RBI minutes

RBI holds meeting of Steering Sub Committee of J&K SLBC
June 20, 2026

Mumbai:  All six members of the RBI's Monetary Policy Committee favoured a wait-and-watch approach as they voted for a status...

Read moreDetails

PM Modi meets leading CEOs in France; discusses investments and expansion plans in India

PM Modi meets leading CEOs in France; discusses investments and expansion plans in India
June 19, 2026

Paris:  Prime Minister Narendra Modi on Thursday met leading business executives here and held discussions on investment opportunities and expansion...

Read moreDetails

Modi to transfer PM-KISAN installment worth Rs 18,880 cr to 9.44 cr farmers on June 20

   PM Modi pitches for ‘swadeshi’ goods
June 19, 2026

New Delhi:  Prime Minister Narendra Modi will on June 20 transfer the 23rd instalment under the PM-KISAN scheme, disbursing Rs...

Read moreDetails

PM Modi pitches for setting up global framework to boost trade and connectivity

Nation responds to PM’s call for fuel conservation
June 18, 2026

Evian-Les-Bains (France):  Prime Minister Narendra Modi on Wednesday pitched for setting up a global framework to boost cooperation on connectivity...

Read moreDetails

Food grain production in country has increased by 71% over past 12 years: Chouhan

Centre to set up Clean Plant facility to provide disease-resistant plants to horticulturists in Kashmir
June 18, 2026

Patna: Union Agriculture and Farmers' Welfare Minister Shivraj Singh Chouhan on Wednesday said that food grain production in the country...

Read moreDetails
Next Post
Free entry draws more students to ASI monuments, govt seeks to further boost number

Free entry draws more students to ASI monuments, govt seeks to further boost number

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.