As a part of the Union Budget 2024-25, the finance minister announced key measures to achieve net zero by 2070. For 2024-25, the net budgetary allocation for the MoP has been set at Rs 205.02 billion (as against Rs 206 billion budgeted in 2023-24). The total investment by its eight state-owned power companies has been proposed at Rs 672 billion for 2024-25 (as against Rs 608.05 billion budgeted in 2023-24). Additionally, the net budgetary allocation for the Ministry of New and Renewable Energy (MNRE) has been set at Rs 128.5 billion for 2024-25 (as against Rs 102.22 billion budgeted in 2023-24).
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