What's happening in the fossil fuel industry is an example of the 'green paradox'—extract resources as quickly as possible when faced with the threat of future decreased market value.
Cutting Russia's oil and gas exports equals economic decapitation of the regime. Putin has already raised nuclear alert levels. Put oil and gas on the table, and he’s likely to up the ante.
In episode 668 of Cut The Clutter, ThePrint’s Shekhar Gupta narrates the story of fuel pricing in the country to unpack why prices have risen drastically.
Everything will carry on pretty much as they are if Trump is re-elected as US President. But if Biden wins, things will certainly change for domestic energy companies and policy.
The global oil slump has given Modi govt the cushion to hike fuel taxes to meet revenue shortfalls. But retail fuel prices still hover around pre-Covid-19 levels.
UP govt order to sugar mills to provide molasses to alcoholic drinks manufacturers at rates well below market levels means less is available to turn into ethanol.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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