-PTI/ The Telegraph The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday New Delhi: The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a drop in global oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural...
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The arithmetic for Tamil Nadu as a $1 trillion economy -C Rangarajan and KR Shanmugam
-The Hindu Reaching the target by 2030-31 has to be ruled out, as it requires a nominal annual growth rate of 18.2%; instead, the scenario can be 2033-34, with the required real rate of growth at 9% The Chief Minister of Tamil Nadu has set Tamil Nadu the goal of becoming a trillion dollar economy (by 2030), as he has indicated over the past year. This is a good aspirational goal. Tamil...
More »Why did methane levels shoot up in Covid yr? Warm weather, and less pollution -Antara Baruah
-ThePrint.in In a study published in the Nature journal Wednesday, scientists attributed the methane growth in 2020 to wetland emission and changes in ‘atmospheric sink’. New Delhi: In 2020, the year Covid-19 pandemic led to global economic slowdown, researchers documented an alarming rise in atmospheric level of methane emissions, despite a drop in human-induced emissions. Scientists attributed the methane growth rate anomaly to lower hydroxyl radical (OH), which is the main remover of...
More »MSME loan approval rates muted despite 2-fold increase in funding: Report -Anshika Kayastha
-The Hindu Business Line MSMEs face a credit gap of ₹25 lakh crore as formal lenders meet less than 15 per cent of the sector’s requirements Quarterly MSME loan disbursements have increased over two-fold in the last two years, but the approval rate for medium-risk MSMEs has seen no improvement — a reflection of the lender’s low risk appetite, according to venture capital firm BLinC Invest. The increase in disbursements has been made...
More »Melting glaciers threaten China and India’s hydropower ambitions -Alok Gupta
-The Third Pole/ Scroll.in The dams the two countries are relying on may not be able to generate much power if avalanches, landslides and floods continue worsening. As glaciers shrink and monsoon rainfall becomes more unpredictable due to climate change, uncertainty around the viability of hydropower projects in the Hindu Kush Himalayas is increasing. A recent study on the state of a glacier on the southeastern Tibetan Plateau raises questions about the...
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