US Export Import Bank (Exim) is a government owned financial institution which helps support US trade through credit financing of exports/imports of US companies.The Bank is also an instrument of US government policy which supports renewable energy and acts against climate change.However its recent policy actions have been criticized heavily by environmental groups for supporting [...]
Jindal Steel and Power Limited (JSPL),one of India’s biggest private sector Steel companies is looking to build a Rs 42000 crore ( ~$10 billion) Coal to Liquid (CTL) project in India’ eastern state of Orissa.Note JSPL is headed by Naveen Jindal who is also a leader of India’s ruling Congress party.This CTL plant will be [...]
Landmark Nuclear Deal between US and India removes India’s pariah status The landmark Nuclear Energy deal signed between USA and India was supposed to herald the entry of India into a new Nuclear Age and remove the pariah status.India’s Pokhran nuclear tests in 1998 had led to international condemnation and nuclear sanctions as well as [...]
Solar Energy in India has the potential to be one of the biggest opportunities in the Energy Sector in the 21st Century.The government’s strong backing through JNNSM and India’s favorable location for Solar Energy is a win-win combination.This coupled with India’s huge energy deficit and scorching growth makes it a no-brainer investment.A number of Indian [...]
Green Investing in India has become a buzzword much as it has become in the rest of the world.However the Green Industry in India is at a nascent stage compared to other parts of the world .India does not figure in the Clean Technology race with Green Leadership being taken over by China with US [...]
The Indian Government failed to pass a law reforming the structure of state subsidies to the Oil sector .The Meeting between a empowered committee of Indian ministers was expected to loosen the control over prices of petrol,diesel and cooking gas.However the Government failed to make any headway citing high inflation as a reason to delay [...]