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Excise duty relief on petrol, diesel to cost ₹45,000 cr to exchequer: Nomura

-PTI/ Livemint.com Nomura expects India's fiscal deficit to come at 6.5 per cent as against the earlier expectation of 6.2 per cent and underlined that it will still be lower than the budgeted 6.8 per cent target The excise duty cuts on diesel and petrol will cost ₹45,000 crore and lead to a 0.3 percentage point widening on the Centre's fiscal deficit, a foreign brokerage said on Thursday. Going by the overall consumption,...

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India more vulnerable to heat extremes: Lancet report

-The Hindu The ‘Lancet Countdown on Health and Climate Change’ notes that 295 billion hours of potential work were lost across the globe in 2020 due to heat exposure. India has become 15% more vulnerable to extremes of heat than in 1990, according to ‘the Lancet Countdown on Health and Climate Change’, a flagship report of the medical journal The Lancet that provides periodic updates on the scientific literature on the relationship...

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The most influential climate science paper of all time that won a Nobel prize in physics -Piers Forster

-The Conversation/ Scroll.in Syukuro Manabe’s work goes down in history as the first robust estimate of how much the world would warm if carbon dioxide concentrations double. After the second world war, many of japan’s smartest scientists found jobs in North American laboratories. Syukuro (Suki) Manabe, a 27-year-old physicist, was part of this brain drain. He was working on weather forecasting but left japan in 1958 to join a new research project...

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An urban jobs safety net -Rajneesh

-The Hindu It is time to formulate a wage employment-based national urban livelihood scheme similar to MGNREGS During the pandemic, we have again and again faced the difficult choice of saving lives versus protecting livelihoods. According to the World Economic Outlook report of April, 2021 of the International Monetary Fund (IMF), almost all countries, except China, experienced economic contraction last year. The global GDP shrunk by 3.3%. The contraction in the U.S.,...

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No time to lose, says Sunita Narain on the new IPCC report

-Press release by Centre for Science and Environment dated 9th August, 2021 The latest IPCC report confirms that we can no longer lose time in prevarication or in finding new excuses not to act, including empty promises of net zero by 2050. We bring you an appraisal of the report’s findings by CSE director general Sunita Narain * The Intergovernmental Panel on Climate Change (IPCC) releases the first part of its sixth...

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