Battery Swapping Policy: The policy aims to improve the efficiency of the battery swapping ecosystem for electric scooters and three-wheeler electric rickshaws, thereby driving EV adoption.As per the draft policy, all metropolitan cities with a population above 40 lakhs will be prioritized for the development of a battery swapping network under the first phase.
Battery swapping is a mechanism that involves exchanging discharged batteries for charged ones.This provides the flexibility to charge these batteries separately and keeps the vehicle in operational mode with negligible downtime.Battery swapping is generally used for smaller vehicles such as two-wheelers and three-wheelers with smaller batteries that are easier to swap, compared to four-wheelers and e-buses, although solutions are emerging for these larger segments as well.
FasTags:The FASTag is a reloadable tag that allows automatic deduction of toll without having to stop for carrying out the cash transaction. The tag uses radio frequency identification (RFID) technology and is fixed on the windscreen of the vehicle.It was rolled out in April 2016, and the Government made it mandatory from December 1, 2017 for all new cars and trucks to be fitted with a FASTag before they were sold.To encourage the use of FASTags, the National Highway Authority of India (NHAI) refunds 5% of the total monthly transactions.
Indian Highways Management Company Limited (IHMCL) (a company incorporated by National Highways Authority of India) and National Payment Corporation of India (NPCI) are implementing this program.
One Nation One Ration Card Scheme:The ONORC scheme is being implemented under National Food Security Act (NFSA).This system allows all NFSA beneficiaries, particularly migrant beneficiaries, to claim either full or part foodgrains from any Fair Price Shop (FPS) in the country through existing ration card with biometric/Aadhaar authentication in a seamless manner.The system also allows their family members back home, if any, to claim the balance foodgrains on same the ration card.The implementation of ONORC was initiated in August 2019.
Objectives:To empower all NFSA beneficiaries to become AtmaNirbhar for their food security anywhere in the country, through portability of their existing ration cards enabling them.
Sovereign Green Bonds:Union Minister for Finance & Corporate Affairs has approved the final Sovereign Green Bonds Framework of India.Sovereign Green Bonds will be issued for mobilising resources for green projects.The Framework comes close on the footsteps of India’s commitments under “Panchamrit” as elucidated by the Prime Minister at Conference of Parties (COP) 26 at Glasgow in November 2021.
Green bonds are issued by companies, countries and multilateral organisations to exclusively fund projects that have positive environmental or climate benefits and provide investors with fixed income payments.
The projects can include renewable energy, clean transportation and green buildings, among others.