-The Telegraph Risks and rewards of a green transition At the CoP26 in Glasgow, India pledged to Net-zero carbon emissions by 2070, with specific commitments at a shorter horizon to obtain half its energy from renewables and lower the carbon intensity of the economy by at least 45 per cent from 2005 levels as well as the total projected carbon emissions by one billion tonnes by 2030. The commitment to a low-carbon...
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India demands $1 trillion as ‘climate finance’ -Jacob Koshy
-The Hindu India’s NDCs are subject to the availability of this amount in climate finance, says key negotiator India has demanded a trillion dollars over the next decade from developed countries to adapt to, and mitigate, the challenges arising from global warming, and has kept this as a condition for delivering on climate commitments made by Prime Minister Narendra Modi, a senior official who is part of ongoing climate agreement negotiations in...
More »Milk at Largest Private Dairy Company Turns Sour for Workers - Sruti MD
-Newsclick.in Hatsun Agro Products doesn’t pay minimum wages despite a turnover of Rs 5,500 crore and forces employees to resign. With a massive turnover of Rs 5,500 crore at the end of the 2021 fiscal, Hatsun Agro Products (HAP), the country’s largest private dairy products company, reported a massive 25% increase in Net profit for the second quarter as against the same period in the previous year. Around the time the company planned...
More »How India’s informal economy is shrinking, and why that’s good news in the long term -Ila Patnaik and Radhika Pandey
-ThePrint.in Greater formalisation will see a shift from low-paying, labour-intensive jobs in informal sector to more productive, formal-sector jobs. This could lead to disruption in short term. A report issued by the State Bank of India (SBI) last month estimated that India’s informal economy has shrunk to 15-20 percent of the GDP in 2020-21 from 52 percent in 2017-18. The report uses employment and digitisation to assess the extent of formalization in...
More »India’s Coal Crisis -CP Chandrasekhar
-NetworkIdeas.org In recent weeks the media have featured stories bordering on the alarmist about a coal shortage in India. Coal inventories with thermal power plants had fallen to levels at which major country-wide power outages seemed inevitable. Fortunately, that has not (as yet) materialized, but it is indeed true that coal inventories with the power producers did collapse from the equivalent of around 30 days requirement to that for a couple...
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