5% CBG mandate to be introduced
A 5 per cent compressed biogas mandate will be introduced for all entities marketing natural gas in India. This may mean that companies marketing natural gas in India will have to market compressed biogas, or CBG, to the extent of 5 per cent of their volumes.
PM Awaas Yojana allocation increased
64 percent increase in allocation for PM Awaas Yojana to Rs 79,000 crore. Expected to be a positive for commercial vehicles and tractors used for moving materials for construction.
Basic custom duty rates to be reduced
Custom duty exemptions to be provided for the manufacturing of lithium-ion batteries. Basic custom duty rates to be reduced from 21 to 13 except for textile
developing apps using 5G services
100 labs for developing apps using 5G services will be set up in engineering institutions. To realize new range of opportunities, business models and employment potential, labs will cover among others, apps such as smart classrooms, precision farming, intelligent transports systems and healthcare.
National Hydrogen Mission
Rs 19,700 crore has been allocated to the National Hydrogen Mission. The initiative aims at reaching hydrogen production capacity of 5 metric million tonnes by 2030.
One stop KYC maintenance system
For business establishments, Permanent Account Number, the PAN will be used as a common identifier for all Digital Systems of specified government agencies: FM Nirmala Sitharaman.