India’s GDP unlike that of other emerging developing countries has a bigger consumer percentage than investment.This is because India’s economic growth model has not followed the tradiotional export growth model of the other countries in Asia like China.This makes India more resilient to external shocks like the Lehman crisis and provides a more domestic orientation to growth.India has one of the fastest growing economics in the world and as the per capita income increase,consumer companies in India are reaping outsized rewards.India has a competitive consumer goods market with a number of domestic and international companies competing in multiple markets and segments.Some of the companies like HLL which is a subsidiary of the global consumer giant Unilever has become an Indian company all but in ownership.Note Fast Moving Consumer Goods (FMCG) companies are different from Consumer Durables companies.FMGC companies are what is known as Consumer Non-Discretionary Group of Companies.These Companies sell products of everyday use and are recession proof in the sense that the products sold by FMCG Manufacturers can’t be ignored even in times of economic recessions.

A crack in a concrete pit near the Reactor 2 of the Fukushima Plant has been found to be the source of leakage of highly radioactive seawater which was said to reach around 4585 times the legal limit.TEPCO had found the crack in a pit near the Reactor 2 which was leaking this dangerous seawater which was being used to cool the damaged nuclear reactors.An attempt to fill the crack in the pit by pouring concrete failed as the water made the sealing process through concrete impossible.Now a new polymer will be tried to seal the crack though it beats me why it did not occur to the engineers there that the water will make the process of pouring concrete fail.After almost 4 weeks since the nuclear crisis began in Japan operators of the plant are no closer to regaining control of damaged reactors, as fuel rods remain overheated and high levels of radiation are flowing into the sea.

Nuclear Energy is currently forcing a major rethink amongst the world governments as the Japanese Nuclear Accident sharply brings into focus the massive radioactive and poisoning risks from accidental damage to a nuclear reactors.Note this is not the first such incident nor is it going to be the last.The advantages of Nuclear Energy is being sharply reexamined by the policymakers vs the huge risks of a nuclear plant meltdown.Most countries have started reviewing their nuclear plants for safety with a number shutting down old nuclear reactors.The drawing plans of new nuclear plants is also on hold as safety regulations are strengthened.Nuclear Energy accounts for around 15% of the world’s production of electricity and for some countries like France there is no alternative in the short term with 80% of the electricity coming from nuclear reactors.China has a huge target for nuclear energy of 80 GW by 2020 but that too is coming under attack with a NDRC official talking about lowering it by substituting it with other renewable energy sources like solar energy.Here are the Nuclear Energy Advantages vs Disadvantages.

Sharad Pawar,India’s powerful agricultural minister and the president of the international cricket body ICC has managed to get involved in most corruption scams coming out in the last year or so.However he has managed to come out unscathed even as his fingers are in multiple corruption pies.The name of Pawar and his daughter Supriya Sule ( who is a MP what a surpise) has come up in multiple corruption scandals like the 2G Telecom Scandal,IPL Cricket Scandal and Lavasa Scam etc.However it points to his influence and reach,that nothing has happened.He is the leader of a regional party which is part of the ruling coalition in the centre.

The strict environmental regulations of EPA is leading to converion of a Virgina Coal Plant to a Biomass Fired one.Note the US Congress and Senate have failed to move ahead on climate legislation remaining hopelessly deadlocked on any climate deal.Despite numerous draft laws,no common law has been passed as Republicans fail completely in understanding global warming remaining in the pockets of the powerful oil and gas lobby.EPA remains the only government body which is doing something to reduce pollution and at the same time fight for climate change.The strict new rules against emission of harmful gases like sulfur dioxide,nitrous oxide,mercury has forced a Virginia Coal Plant to convert from thermal to biomass.

The Biggest Disadvantage of Renewable Energy is the relatively higher cost of most forms of alternative energy compared to fossil fuel sources of energy.This has prevented the higher penetration of clean energy as compared to the non-renewable sources of energy.Also the massive old energy lobbies have successfully used their massive influence and power to inhibit the growth of renewable sources of energy.The recent lobbying by oil and gas firms like the Koch Brothers and Valero is quite pertinent.Note the oil and gas lobbies receive almost 10 times the subsidy received by clean energy sources like wind and solar despite their massive established bases.