There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
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Are we choosing the right solutions for reducing GHG emissions from the transport sector?
The transport sector is important for the smooth functioning of an economy. The supply chains for various products and by-products (both domestically as well as internationally) can work efficiently only if the transportation of raw materials and inputs, and final goods and commodities takes place without disruption. Due to economic growth, India’s annual CO2 (i.e., carbon dioxide) emission has expanded from 1.19 billion tonnes in 2005 to 2.44 billion tonnes...
More »Coal mine expansion norms eased amid supply crunch -Jayashree Nandi
-Hindustan Times According to the revised norms, coal mines with environmental clearances to expand by 40%, can now expand by up to 50% without any environment impact assessment or public consultation The Union environment ministry has relaxed the mandatory compliance norms for coal mining expansion projects citing higher demand for coal amid an ongoing power crisis -- a move that has been criticised by environmentalists, especially since the coal ministry has said...
More »Pay Rs.1.36 Lakh Crore For Mining In Jharkhand: Hemant Soren To Centre -Manish Kumar
-NDTV.com A large portion of coal mining in mineral-rich Jharkhand is done by a subsidiary of Coal India Ltd, or CIL, Jharkhand Chief Minister Hemant Soren said New Delhi: Jharkhand Chief Minister Hemant Soren has asked the centre to clear what he claims is a ₹ 1.36 lakh crore due for mining by government firms. He had raised this issue in the state assembly too. In a tweet, Mr Soren said he has...
More »India’s GDP growth slows down to 5.4% in October to December quarter
-Scroll.in The government has projected 8.9% growth in 2021-’22, which is lower than the January estimates. India’s Gross Domestic Product grew by 5.4% in the October-December quarter and is likely to expand at 8.9% in 2021-’22 financial year, government data showed on Monday. During the second quarter (July-September) of the 2021-’22, the economy grew by 8.4%. In its first advance estimates released in January, the National Statistical Office had projected 9.2% growth for...
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