Posts tagged ‘palaniappan chidambaram’

17/02/2014

India Budget Plans 2 Gigawatts Solar Farms to Double Capacity – Businessweek

India plans to start work on at least 2 gigawatts of solar farms in the year starting April that would nearly double its current photovoltaic capacity.

English: Solar power plant at Om Shanti Retrea...

English: Solar power plant at Om Shanti Retreat Centre, Gurgaon (Photo credit: Wikipedia)

The proposed new capacity would take the form of four so-called mega solar power projects capable of generating more than 500 megawatts each, Finance Minister Palaniappan Chidambaram said today in New Delhi in a speech announcing an interim budget that would provide funds until a new parliament is elected in national polls due by May.

A record 15 percent of about 800 million voters will be eligible to cast ballots for the first time as the rising cost of electricity turns into an electoral issue. With the solar farms announced today and already existing targets, India is planning a sixfold increase in solar capacity by 2017 to reduce blackouts and diversify away from coal and gas-fired plants hamstrung by fuel shortages.

via India Budget Plans 2 Gigawatts Solar Farms to Double Capacity – Businessweek.

Enhanced by Zemanta
08/02/2014

India Predicts Climb From Decade-Low GDP Growth Amid Risks (1) – Businessweek

India forecast a faster acceleration in economic growth than analysts had estimated, a prediction facing risks from interest-rate increases to quell inflation and expenditure curbs by the government.

Gross domestic product will rise 4.9 percent in the 12 months through March 31, compared with the decade-low 4.5 percent in the previous fiscal year, the Statistics Ministry said in New Delhi yesterday. The median of 24 estimates in a Bloomberg News survey had been 4.7 percent. The projection may be revised upward later and the final growth rate is unlikely to be less than 5 percent, Finance Minister Palaniappan Chidambaram said in a statement e-mailed today.

India last month joined nations from Brazil to Turkey in raising interest rates, striving to stem the fastest inflation in Asia and shield the rupee from a reduction in U.S. monetary stimulus that’s hurt emerging-market assets. Opinion polls signaling that the general election due by May could lead to an unstable coalition government are adding to risks.

via India Predicts Climb From Decade-Low GDP Growth Amid Risks (1) – Businessweek.

Enhanced by Zemanta
13/03/2013

* Rains or Not, India Is Falling Short on Drinkable Water

NY Times: “CHERRAPUNJI, India — Almost no place on Earth gets more rain than this small hill town. Nearly 40 feet falls every year — more than 12 times what Seattle gets. Storms often drop more than a foot a day. The monsoon is epic.

Water containers are lined up at a community tap in Cherrapunji. Some people must walk long distances to get water.

But during the dry season from November through March, many in this corner of India struggle to find water. Some are forced to walk long distances to fill jugs in springs or streams. Taps in Shillong, the capital of Meghalaya State, spout water for just a few hours a day. And when it arrives, the water is often not drinkable.

That people in one of the rainiest places on the planet struggle to get potable water is emblematic of the profound water challenges that India faces. Every year, about 600,000 Indian children die because of diarrhea or pneumonia, often caused by toxic water and poor hygiene, according to Unicef.

Half of the water supply in rural areas, where 70 percent of India’s population lives, is routinely contaminated with toxic bacteria. Employment in manufacturing in India has declined in recent years, and a prime reason may be the difficulty companies face getting water.

And India’s water problems are likely to worsen. A report that McKinsey & Company helped to write predicted that India would need to double its water-generation capacity by the year 2030 to meet the demands of its surging population.

A separate analysis concluded that groundwater supplies in many of India’s cities — including Delhi, Mumbai, Hyderabad and Chennai — are declining at such a rapid rate that they may run dry within a few years.

The water situation in Gurgaon, the new mega-city south of Delhi, became so acute last year that a judge ordered a halt to new construction until projects could prove they were using recycled water instead of groundwater.

On Feb. 28, India’s finance minister, Palaniappan Chidambaram, proposed providing $2.8 billion to the Ministry of Drinking Water and Sanitation in the coming fiscal year, a 17 percent increase.

But water experts describe this as very little in a country where more than 100 million people scrounge for water from unimproved sources.

Some water problems stem from India’s difficult geography. Vast parts of the country are arid, and India has just 4 percent of the world’s fresh water shared among 16 percent of its people.

But the country’s struggle to provide water security to the 2.6 million residents of Meghalaya, blessed with more rain than almost any place, shows that the problems are not all environmental.”

via Rains or Not, India Is Falling Short on Drinkable Water – NYTimes.com.

Law of Unintended Consequences

continuously updated blog about China & India

ChiaHou's Book Reviews

continuously updated blog about China & India

What's wrong with the world; and its economy

continuously updated blog about China & India