Cabinet clears ₹2.79 lakh crore package: Rabi MSP hike, PM DHARA and Delhi traffic system
Indian markets moved higher in an energy transition development.
· Business Today Mkts
The largest allocation, ₹1,86,405 crore, has been approved for PM DHARA (Developing Harmonized and Accelerated Renewable Energy Access), a programme aimed at developing and accelerating access to renewable energy.
The analysis
This is a Monsoon / rural demand event. Rural demand is a large share of staples and two-wheeler volumes, and it tracks the monsoon and support prices with a lag of a quarter or two.
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