Reading Time: 7 mins A major fall in the international crude oil prices prompted India to get its strategic Energy reserves filled at a low cost. Recently in a tweet, the Ministry of Petroleum and Natural Gas said that India has saved Rs. 5000 crores in foreign exchange while strengthening its energy security by filling up the strategic reserves with full capacity.
Reading Time: 7 mins Electricity is one of the most critical components of infrastructure which is essential for sustained growth of the Indian economy and welfare of the nation. Ministry of Power, in an attempt to further develop the power sector, has issued a draft proposal for amendment of the Electricity Act, 2003 in the form of the draft Electricity Act (Amendment) Bill. This is the fourth draft since 2014.
Reading Time: 9 mins The International Energy Agency, in its India 2020 Energy Policy Review, has recommended adoption of NITI Aayog’s Draft National Energy Policy, which is under consideration since 2017 and is yet to be enforced due to several inter-ministerial differences. This said policy fails to address various other issues faced by India’s energy sector. Therefore, changes must be made in a way that enables coordination of all parties and also allows the country to adopt green energy as climate change has a significant impact on India’s economy and people. This reformed policy must be adopted as soon as possible as the country is currently facing rampant energy poverty despite having surplus energy under its domain.
Reading Time: 7 mins Since conducting its second nuclear tests in 1998, India had adhered to a self-imposed commitment to “No First Use” of nuclear weapons on another country. However, on August 16th, 2019, Defence Minister Rajnath Singh had hinted that in future India’s “no first use” policy “depends on circumstances”. Following this episode, the Defence Minister had effectively reduced the already bleak chances of India becoming a member of the Nuclear Suppliers Group. However, in the current situation, it matters very little for India as it already has the necessary benefits it needs to expand and operate its nuclear programme.
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What is the Context?
- PNGRB will launch the 11th City Gas Distribution round soon
- The Ministry of Petroleum and Natural Gas released a draft city gas distribution policy
- The Union budget 2020 declared that about 27,000 km of national gas grid pipeline would be completed in the coming years connecting Kutch to Kohima and Kashmir to Kanyakumari.
Reading Time: 11 mins The power sector in India, like many other sectors in the Indian economy, is presently facing numerous issues. At least three indicators of the health of India’s power sector, demand, supply or generation and capacity utilisation of power plants are painting worrisome picture fuelled by the broader on-going economic slowdown and the continued deterioration in the financial health of discoms. Government measures have mostly focused on short-term problems without addressing the core issues and their causes. A comprehensive strategy to promote the growth and development of this sector is a need of the hour.
Reading Time: 5 mins India recently held the second assembly of the International Solar Alliance (ISA) in October 2019. India is the current president of the ISA and France is the co-president.
International Solar Alliance represents India’s continuing efforts towards fighting Global warming and climate change. As the world still deliberates over the possible mechanisms to counter the impacts of climate change, The ISA is an action-oriented, sustainable model to balance the needs of developing countries and environmental efforts. It is the first organization working in the renewable energy sectors focusing solely on solar energy.
Reading Time: 4 mins NITI Aayog’s Draft National Energy Policy had called for a single unified ministry to administer India’s energy sector. India currently has a number of ministries and government departments to deal with issues pertaining to the energy sector. This is not allowing for the optimum use of energy and is increasing the complexity of the energy-related issues. The Draft NEP is going to be placed for the Cabinet approval in the near future. Accepting and implementing the NEP’s recommendations on reforming energy governance is vital for addressing the country’s energy sector issues. However, the government should also carefully traverse the recommended reform given the hard-hitting implications on the existing bureaucratic structure.
Reading Time: 6 mins The government has set the target of achieving 100% Electric vehicles by 2030. Manufacturing and putting the electric cars on road is the vision to make India pollution free along with saving billions of dollars in fuel cost and creating new job opportunities. However, there are also criticisms that India is not yet ready for electric vehicles which we will discuss in this article with a suitable way forward.