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Emphasizing India’s significant progress in green shipping and energy transition, Union Minister of New and Renewable Energy, Pralhad Joshi has said ‘India stands as a global voice of reason in its commitment to the pursuit of a sustainable energy future that aligns with our growth ambitions and environmental responsibilities'.
The Minister also highlighted India’s energy transition and noted that India has achieved significant milestones in its shift to renewable energy. He said ‘India is the only G20 country to have met its climate targets ahead of schedule, despite having the lowest per capita emissions among G20 nations.’ Besides, he emphasized that energy security and access remain paramount for India, but this has never hindered the nation’s commitment to energy transition on both national and global scales.
Further, Joshi emphasized the crucial role of the maritime sector in global trade and its impact on greenhouse gas emissions. He said ‘As we progress towards achieving net-zero emissions, the necessity for sustainable maritime transport has become very important. India is making significant strides in the green shipping sector, driven by government initiatives, technological advancements, and international collaborations.’
The Minister detailed how Indian shipyards are being modernized and older dockyards are being evaluated for reopening to expand green shipbuilding capacity. He noted ‘India is becoming a promising hub for green shipbuilding,’ citing the government’s strong emphasis on alternative fuels and renewable energy sources like biofuels and wind power. India is upgrading its port infrastructure to support green shipping fuels and vessels using hybrid models, with the goal of ranking among the top five shipbuilding nations by 2047.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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