Four pilot projects for coal gasification to be set up: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday announced setting up four pilot projects for coal gasification. Gasification of coal is a process in which coal is partially oxidated by air, oxygen, steam or carbon dioxide under controlled conditions to produce a fuel gas.

While presenting the 2022-23 Budget in the Lok Sabha, Sitharaman said that "four pilot projects for coal gasification and conversion of coal into chemicals required for the industry will be set up for technical and financial viability", the FM said.

Finance minister Nirmala Sitharaman presented the Budget 2022, the fourth budget of Modi 2.0, today.


There were remarkably few changes to the tax structure in a year that had seen demands from various quarters for some sort of relief or another in times of a pandemic.

Among a range of significant announcements, the decision to tax receivers of digital asset transfers at a high 30% caught some serious attention.

Here are some other aspects as discussed in the Union Budget 2022-23 presented by Finance Minister Nirmala Sitharaman.
Climate & Net Zero
— Risks of climate change are strongest externalities for the world
— Funds will be used for projects that will help reduce carbon intensity of the economy
— Sovereign green bonds will be part of government’s borrowing programme in FY23
— Proceeds to be deployed in public sector projects
— 4 pilot projects for coal gasification to be set up
—Rs 19,500 cr additional allocation for PLI for manufacturing high efficiency solar modules has been made
—Low carbon development strategies open up employment opportunities

(With inputs from PTI)