The World Bank has committed to provide India funds worth $300 million to aid its energy efficiency programme. The move will help the government set up the requisite infrastructure to push forward its ambition of expanding e-mobility in the country. The aid received from the World Bank will supplement the funds that the Centre proposes to raise by levying a one-time fee from conventional fuel based vehicle buyers in a bid to provide financial assistance to the e-mobility programme.

Union Cabinet has given its approval to the Setting up of a new company under Department of Space (DoS), to commercially exploit R&D work carried out by Indian Space Research Organization (ISRO) Centers and constituent units of DOS.  The cabinet decision will definitely encourage the private sector to indulge more in production of launchers and satellites.