-Down to Earth Mining and disposal of these elements add to the environmental damages and ecological burden Naturally abundant wind, geothermal, solar, tidal and electric energy are being hastened as the future of the planet's energy needs. And rare earth elements are used in a bevy of technolgies to generate this cleaner, renewable energy. These include wind turbine magnets, solar cells, smartphone components, cells used in Electric vehicles, among others. Also called rare earth...
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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Farmers Across 20 States Block Roads to Protest Against Farm Laws
-The Indian Express Farmers participated in the protests at more than 5,000 locations across India, and similar demonstrations in larger numbers are expected to be held in New Delhi later this month. New Delhi: At least one million farmers across 20 states took to the streets on Thursday against the three recently passed agriculture laws and the proposed Electricity Amendment Bill, All India Kisan Sangharsh Coordination Committee (AIKSCC) leader Avik Saha told...
More »The intriguing case of a massive slowdown in the auto sector -Gurbachan Singh
-TheWire.in Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY? Sales in the auto sector and in related industries have fallen considerably in India. Maruti-Suzuki, the country’s leading car manufacturer, has reported a 32.7% decline in its total vehicle sales. There is a similar situation across the sector, including the two-wheeler industry. The sector has already lost over 300,000 jobs. What explains the massive slowdown in...
More »Merchandise exports affected by global slowdown but not export of services
Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...
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