-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...
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Solar power can be the game-changer for inclusive growth -Vikas Gupta
-The Indian Express With the positive intent and progressive action from the new government, the country is excited about entering a new era of growth & revolutionary transformation. This can happen faster and more effectively if the whole ecosystem is geared for it. And most important component of the ecosystem are the people, who are the primary beneficiaries as well as the key catalysts to stimulate this growth and transformation. Hence,...
More »Karnataka's Smart, New Solar Pump Policy for Irrigation -Tushaar Shah, Shilp Verma, and Neha Durga
-Economic and Political Weekly The runaway growth in states of subsidised solar pumps, which provide quality energy at near-zero marginal cost, can pose a bigger threat of groundwater over-exploitation than free power has done so far. The best way to meet this threat is by paying farmers to "grow" solar power as a remunerative cash crop. Doing so can reduce pressure on aquifers, cut the subsidy burden on electricity companies, reduce...
More »Power to the people -Sunila S Kale
-The Indian Express This July, I spoke with a farmer in Angul district, Odisha. During the kharif season, most of his 45-acre farm is devoted to paddy, but during the rabi season, he grows a variety of pulses, oilseeds and vegetables. He is currently president of the village watershed committee, working to implement an impressive programme to halt soil erosion and water runoff. He pointed out newly constructed contour and farm...
More »Every drop of treated water counts -Manish Agarwal
-The Hindu Business Line To address the water crisis, recycling plants can work as PPPs and industry should switch to using such water Some stark facts: India has 18 per cent of world's population with only 4 per cent of total usable water resources. Annual per capita availability of water has declined by 15 per cent in the past 10 years and is estimated to fall to as low as 1140 m3/year...
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