-The Hindu India’s investment in renewable energy was $10.4 billion in 2011 India is among the fastest growing economies in the area of renewable energy. Global players have either set up shop or are poised to enter the renewable energy area, spurred by the Jawaharlal Nehru National Solar Mission in the 11th Plan. The Government is getting ready to launch the second phase of this mission in the Twelfth Plan. According to Ernst...

-The Economic Times The results of the UN climate-change conference that closed in Doha, Qatar, last Saturday show once again that the international negotiations are progressing, albeit slowly. At the heart of these negotiations is the most challenging energy transformation the world has ever seen. Past energy transitions have taken a long time to unfold. Firewood was not displaced by coal until the 18th century. It took one century for oil to...

-The Indian Express FDI in retail will bring competition to non-tradable services, and make Indian firms globally competitive India removed barriers to trade in goods in the 1990s. Removing protection brought global competition and raised productivity. But introducing global competition in services is harder. In certain services that are tradable, like legal or financial services, the removal of trade barriers can introduce competition and increase productivity. But these often involve complicated and...

-Outlook The government has not made any assessment on presumptive losses following the CAG report on the 2G spectrum issue, Parliament was informed today. "No assessment of the value of presumptive loss caused to the nation after the publication of CAG report in 2G spectrum matter has been made by the Government of India," Minister of State for Finance Namo Narain Meena said in a written reply in the Rajya Sabha. To a...

-Outlook The Cabinet Committee on Economic Affairs (CCEA) today approved a urea investment policy that is likely to incentivise fertiliser firms setting up new plants and expanding existing capacity. India imports over 30 per cent of urea requirement and the policy aims at reducing that. But, it is unlikely to have any impact on existing prices. "The new urea investment policy has been cleared," sources said after the CCEA meeting here. The policy, which...