KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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Did India really achieve its goal of 175 gigawatt of renewable energy by 2022? -Divyani Dubey
-Factchecker.in/ Scroll.in Minister of New and Renewable Energy RK Singh has informed Parliament that 95% of India’s clean energy target set in 2015 has been achieved. India is short of its installed renewable energy target for 2022 by 32%, as per latest data from the Central Electricity Authority. India’s renewable energy capacity (excluding large hydro power) has increased by about 66% since 2018. In fact, its non-fossil fuels’ installed capacity has been growing...
More »Latest Christian Aid report identifies top 10 climate disasters of 2022
-Press released by Christian Aid dated 27 December, 2022 * Study identifies the year’s 10 costliest extreme events influenced by the climate crisis - each caused more than $3 billion in damage. * Report also examines 10 other extreme events that caused massive human and environmental damage, mostly in the poorest countries. * The floods that submerged parts of Pakistan in June displaced 7m people and caused more than $30 billion in estimated...
More »Centre cuts windfall tax on domestic crude oil by 65%
-PTI/ The Telegraph The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday New Delhi: The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a drop in global oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural...
More »A renewable energy revolution, rooted in agriculture -Ramesh Chand and Konda Reddy Chavva
-The Hindu In Punjab, a project to use of paddy straw to produce compressed bio gas is one that is replicable across India, and can transform the rural economy The beginnings of a renewable energy revolution rooted in agriculture are taking shape in India with the first bio-energy plant of a private company in Sangrur district of Punjab having commenced commercial operations on October 18. It will produce Compressed Bio Gas (CBG)...
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