Delhi NCR

FM Sitharaman announces Rs 20,000-crore carbon capture, utilisation scheme

Published by
PTI

Finance Minister Nirmala Sitharaman on Sunday proposed Rs 20,000 crore for a carbon capture and utilisation scheme across sectors, including steel and cement.

Presenting the Union Budget for 2026-27, the minister said the government will provide incentives for manufacturing seaplanes in the country as part of efforts to boost tourism.

Meanwhile, a high-level committee on ‘Banking for Viksit Bharat’ will be set up, Sitharaman said, announcing various measures to boost the economy.

Among others, the minister proposed developing seven high-speed corridors between cities as growth connectors, and also have a ship repair ecosystem catering to inland waterways, which will be set up in Varanasi and Patna.

According to the minister, the Indian banking sector today is characterised by strong balance sheet, historic highs and profitability, improved asset quality and coverage.

Noting that the sector is well placed to futuristically evaluate the measures needed to continue on the path of reform-led growth, Sitharaman said a high-level committee on Banking for Viksit Bharat will be set up.

Read More: From green revolution to Central Vista: Delhi to bid farewell to Krishi, Shastri Bhawan

PTI

Published by
PTI

Recent Posts

Delhi CM notes shortcomings during check at Aruna Asaf Ali hospital; pulls up officials

CM flags medicine shortage, sanitation lapses and long queues during surprise inspection, orders immediate corrective…

April 23, 2026

Beat the heat at these 5 premium ice cream parlours this summer in Delhi

From artisanal gelato to indulgent sundaes, explore five premium Delhi parlours offering refined flavours, global…

April 23, 2026

‘Echoes of Past and Future’: A group exhibition of modern and contemporary art

Bringing together works by leading modernists and contemporary artists, the exhibition explores evolving artistic practices…

April 23, 2026

Delhi: Man held after 40 years on the run in 1986 wife murder case

Eighty-two-year-old arrested in Delhi for a 1986 wife murder after evading police for nearly four…

April 23, 2026

Delhi govt to introduce smart cards, cess portal to benefit construction workers

Delhi to roll out smart cards and a cess portal to curb duplication, plug leakages,…

April 23, 2026

Delhi govt mulls 12-hour Atal Canteen at AIIMS; tender floated

Delhi plans a 12-hour Atal Canteen at AIIMS, expanding affordable meal access for patients’ attendants;…

April 23, 2026