Tiranga Rally held in Kadiri to honour Indian army's valour
Citizens from all walks of life, cutting across political, caste, and religious lines, actively participated in the rally, waving the national flag with pride. The event witnessed enthusiastic participation from the youth, who expressed their support for the Indian Armed Forces. As part of the rally, heartfelt tributes were paid to the late Murali Naik, a brave soldier from the district who laid down his life for the nation. His courage and sacrifice were remembered as a symbol of inspiration for all Indian citizens.
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Time of India
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America is slipping behind India's clean power boom
Bloomberg Live Events Bloomberg Bloomberg (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Once upon a time, the US was the sole clean energy superpower . Until 2011, it led the world in connecting wind and solar generators to the grid. Then China took over, to a point where its lead now looks unassailable: The People's Republic added eight times more renewables than the US last year. This year, India is likely to overtake country connected 22 gigawatts of wind and solar in the first half — a dramatic recovery from a troubling slowdown in 2022 and 2023, and enough at full output to power nearly one-tenth of the grid. Assuming this is maintained through December, that should put India ahead of the 40 GW that the US government expects this also setting the world's most populous nation on course to hit a target of Prime Minister Narendra Modi's that once seemed implausible: to reach 500 GW of non-fossil generation by 2030. Such a shift will herald the dawn of a new clean energy superpower, and give the world some of its best hopes of averting disastrous climate a remarkable turnaround for a country whose renewable industry looked like a lost cause barely more than a year ago. What happened?One factor is financing. Easing inflation has allowed the Reserve Bank of India to cut its policy rate by a percentage point since December to the lowest in three years. This reduces the price of renewables, which are particularly exposed to debt costs. Regulatory deadlines have also played a role: A waiver on transmission charges for wind and solar expired at the end of last month, causing developers to rush to complete their builds in time to get the financial end of that waiver may cause a wobble for the sector over the next year or so, but the changes will be introduced slowly. Over the balance of the decade there's now good reason to think the recent pace can be sustained. The rash of projects breaking ground this past year means about 414 GW of clean power is already either operating or under construction, including nuclear and hydroelectric plants. That's not far off the 500 GW target, and we've still got more than five years to are counting on it. Solar panel manufacturing has been ramping up to the point where it now runs far in excess of domestic demand, at 91 GW. With lower tariffs into the US than their rivals in China and Southeast Asia, this excess of supply might make local panel makers rare beneficiaries of President Donald Trump's war on clean energy. That certainly seems to be the assumption of a group of US competitors, who last week sought anti-dumping measures to keep Indian products out of their many years, India had a skeptical take on the energy transition, arguing since the 1970s that poverty was a more pressing problem than protecting the environment. The difference now is that zero-carbon power is decisively cheaper than the competition. Rising incomes, meanwhile, mean the government needs to also think about the needs of roughly half a billion middle-class citizens, who worry more about where to find a good job in a clean, livable city than the basics of subsistence is still building coal-fired power plants to make sure those newly-minted urbanites don't suffer power cuts in the middle of punishing heatwaves, but they're not necessarily being used. Thanks to milder weather than in recent years and the rising volumes of renewables pushing it off the grid, fossil-fired power generation fell 4% in the first half relative to 2024. That's the first time it has dropped since the Covid-19 pandemic hit in 2020, and occurred even as electricity generation rose 0.8%. Retirements of old plants mean that fossil-generation capacity has actually declined slightly so far this still possible that emissions from India's power sector won't peak until well into the 2030s. Even so, the faster rollout of renewables, combined with declining pollution from China and the rich world, means the global picture is improving faster than you'd realize if you were focused only on the steampunk posturing in power isn't just cleaner — it's cheaper, and more suited to the aspirations of the billions in the Global South who want a better, healthier nations like the US can afford the indulgence of a campaign against modern energy, at least until their citizens realize how badly they're being shortchanged. It's a fatal myopia, though. For all Trump likes to boast of energy dominance, America is falling behind on the most important energy technologies of the 21st century.
Time of India
5 minutes ago
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So, when you get any agreement where there is a significant amount of liberalisation of trade, I would say it is welcome. 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The old colonial connection is completely severed and Britain itself has suffered a substantial amount of deindustrialisation. And if you ask what are the main exports of England's, somebody will say Premier League football or The Economist. It does export scotch whiskey of course and that is where the duty is going to come down from 150% to 75%, subsequently maybe to 40%. That still gives plenty of protection for Indian industry. For anybody who is worried, I need to emphasise that we now have two or three artisanal whiskey companies in India which in blind tasting have beaten everybody else. Now, of course, we are not mass-producing these things. Indri will have a small batch run. It is not like the continuous mass production of some famous scotch names, but we are competent and we are high class even in something like whiskey. So, I welcome the increased competition out there too. India itself will benefit significantly in various ways. 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Indians can work in 35 sectors for two years without any office and that means you can land up there and just work from your residence with zoom and you can be functioning without going through all the difficulties of setting up a formal sector and there is an exemption for social security. This is important. A significant part of your salary, anything you earn when your people go to the UK, is cut and goes towards your long-term pension. Our fellows are going there to do IT or other work for one year, for two years, for three years, so there is no point in them paying into social security when they will get nothing out of it once they retire. You have to work a very large number of years before you can get those benefits. Earlier they resisted it and said they were not going to do it. The United States still has not allowed this, but Britain has given what the United States has not given and this is very useful. I do not know the exact rates of the deduction for different categories, but 10-15% or sometimes 20% of your salaries went in these various deductions. If that gets reduced, there is that much more these Indian professionals will be able to send home. So that is a positive thing.
Hindustan Times
16 minutes ago
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