India can show the way to combat global warming: Modi

February 15, 2015

New Delhi, Feb 15: Calling for an energy revolution in the country, Prime Minister Narendra Modi Sunday said India had the strength and resources to lead the world's fight against global warming.modi copy

"If there is one country to show the world the way to combat global warming it is India," Modi said inaugurating the first three-day Renewable Energy Global Investors Meet and Expo (Re-Invest) here.

"The way for humankind out of disaster, only India can show the way because we love nature, we worship our rivers as mother," he added.

Speaking of the importance of solar energy in the Indian consciousness, Modi referred to increasing the scope of renewable sources in the current context.

"In our mythology we have imagined the sun god Surya riding on seven horses. In today's age the first four of the seven horses would respectively be thermal (coal), gas, hydro and nuclear energy.

"We need to utilise more the three other horses of solar, wind and biomass."

Modi said the over 50 countries identified to be blessed with good solar radiation were trying to work together on research and development in solar energy and on finding ways to make it economically viable.

The UN has declared 2014-24 as the Decade of Sustainable Energy. Its Sustainable Energy for All (SE4ALL) initiative signed a memorandum of understanding with the Gujarat government last month to support the UN objective to make sustainable energy accessible for all.

Currently, 15 percent of the global population (about a billion people), including 250 million in India have no access to electricity and 2.6 billion lack modern cooking facilities. They depend on polluting solid fuels.

The India-US nuclear agreement concluded during President Barrack Obama's visit here has eased the way for foreign firms to develop nuclear energy in India.

The government has revised upwards the target of solar power generation from 20,000 MW by 2022 to 100,000 MW by 2020.

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News Network
January 9,2020

New Delhi, Jan 9: The Union government has removed the central security cover of Tamil Nadu Deputy Chief Minister O Paneerselvam and DMK leader M K Stalin, officials said on Thursday.

They said while Paneerselvam had a smaller 'Y+' cover of central paramilitary commandos, Stalin had a larger 'Z+' protection.

The security cover of these two politicians has been taken off from the central security list after a threat assessment review was made by central security agencies and approved by the Union home ministry, they said.

Central Reserve Police Force (CRPF) commandos were protecting these two leaders of Tamil Nadu.

However, they said, the central security cover will be formally taken off after the state police takes over their security task, they added.

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News Network
February 18,2020

New Delhi, Feb 18: Delhi Transport Minister Kailash Gahlot is the richest minister in the AAP government, according to a report released by the Association for Democratic Reforms (ADR) on Monday.

In a statement, the NGO said, Delhi Election Watch and ADR have analysed the self-sworn affidavits of all the seven-party leaders including Chief Minister Arvind Kejriwal.

According to the statement, the minister with the lowest declared total assets is Gopal Rai with assets worth Rs 90.01 lakh.

"The minister with the highest declared total assets is Kailash Gahlot from Najafgarh constituency with assets worth Rs 46.07 crore," it stated.

The report by ADR comes on the day Kejriwal and his six ministers took charge after the formation of the new AAP government.

Chief Minister Kejriwal and his cabinet colleagues took charge of their respective offices on Monday and asserted that they would work to fulfil the promises made in the "guarantee card", released during the poll campaign, including reduction in pollution and expansion of metro network.

Members of his Cabinet are -- Manish Sisodia, Satyendar Jain, Rajendra Pal Gautam, Imran Hussain, Gopal Rai and Kailash Gahlot.

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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