Skepticism in India about gas, as a reliable energy source, derives from our compulsion to import incremental consumption. Chronic trade deficits, the philosophy of self-sufficiency, which prevailed till economic liberalization in 1991-92 and vast reserves of domestic coal militate against enhancing gas dependence. Limiting import dependence is not just an Indian quirk We are not […]
Read More India’s clean energy sweepstakes
Poor or profligate households are often forced to borrow for meeting current expenditure. But most borrowers ensure that they are able to fund the interest payable from current income. Not so the Government of India. In fiscal 2016-17, interest payments on government loans amounted to Rs 4.8 trillion. The government had to borrow Rs 1.4 […]
Read More Lighting for all by Deepawali 2018
Solar powered sun and rain shades in India! India formally ratified the Paris climate agreement on Sunday, notwithstanding that Donald Trump trashed global warming, last week, as a hoax and efforts to control it as expensive and ineffective. The United States contributes around 16 per cent of world carbon emissions. Truculence in its approach to […]
Read More India’s “green” moves
(photo credit: Indianexpress.com) As expected Suresh Prabhu, the likable, very professional and intensely committed Railway Minister presented a Rail Budget yesterday, which is not only fiscally responsible; internally consistent; aligned with the medium terms needs of the economy but which also pushes all the right buttons. For the middle class the buttons pushed are availability […]
Read More If only Suresh Prabhu was CEO of Indian Rail!