Carbon free hydrogen, a fuel, a carrier, and a store of energy, is topmost in the global green agenda. It is a substitute for today’s transition fuel—natural gas—which, whilst being cleaner than coal, diesel, or heavy fuel oil, is nevertheless incapable of delivering the sharp reductions envisaged in carbon intensity to limit global warming to […]
Read More Green Hydrogen Policy – Tentative Beginnings
The Reserve Bank of India-led Monetary Policy Committee (MPC) brewed a storm in a teacup by continuing its accommodative monetary policy stance—retaining the Repo rate (the cost of borrowing from the RBI) at 4 percent and the Reverse Repo (the cost of depositing funds with the RBI) at 3.35 percent. The MPC is a device, initiated in […]
Read More Storm in India’s monetary tea cup
Expectations are sky-high that the “digital rupee” — a central bank digital (crypto) currency (CBDC) announced by finance minister Nirmala Sitharaman in her Budget speech this year — will ensure a quantum jump to the digital economy, enhance GDP growth and boost financial inclusion. Digital currencies – democratized uptake Nigeria and eight Caribbean countries have […]
Read More Digital Rupee- Taking India higher, faster?
A fiscal deficit of 6.4 per cent of GDP on top of a revised fiscal deficit of 6.9 per cent of GDP in the current year and 9.5 per cent the year before is a strong endorsement of what finance minister Nirmala Sitharaman, in her Union Budget speech on February 1, called “the need to nurture growth […]
Read More Budet FY 2023- Good intentions but short on specifics