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India’s Clean Car Revolution: Challenges and Opportunities Ahead

India’s car industry is on a collision course between environmental responsibility and consumer affordability. The Bureau of Energy Efficiency (BEE) has proposed stricter Corporate Average Fuel Economy (CAFE) norms, aiming for a significant reduction in car emissions. This is undoubtedly positive for the environment, but it likely means car prices will rise again, following the India’s Clean Car Revolution: Challenges and Opportunities Ahead

Economic Reforms in Jeopardy? Coalition Politics May Slow Progress

The National Democratic Alliance (NDA), led by Prime Minister Narendra Modi, has narrowly secured a majority in the recent elections (292 seats). During NDA’s second term, the government’s capital expenditure (capex) surged, impacting fiscal discipline and resulting in a substantial debt increase. This spending led to notable projects, especially in the Railways, such as the Economic Reforms in Jeopardy? Coalition Politics May Slow Progress

India’s Power Sector Faces Historic Peak Demand of 250 GW in Summer Heatwave

India’s power sector witnessed a historic moment on May 30th, 2024, as the nation’s peak power demand soared to a record-breaking 250 GW. This unprecedented surge, 6% higher than initial estimates and 7 GW above the previous record, underscores the country’s growing energy needs driven by a confluence of factors. A scorching summer played a India’s Power Sector Faces Historic Peak Demand of 250 GW in Summer Heatwave

RBI’s Historic Dividend Payout: A Fiscal Lifeline for the Government

The Reserve Bank of India (RBI), while not a profit-making entity, generates surplus income through its operations, including interest earned on foreign exchange reserves and government securities. After covering operational expenses and provisions, the RBI transfers the remaining surplus to the government as a dividend. This dividend amount is determined by a formula stipulated in RBI’s Historic Dividend Payout: A Fiscal Lifeline for the Government