#MintPlainFacts | Here’s a look at five factors that make #COP26 an event to keep an eye on, for both India and the world—and how to understand India’s attempt to chalk out fresh targets in its fight against climate change
#MintPlainFacts | India itself has seen a 0.7°C increase in its surface air temperature during the last 120 years, a report by the ministry of earth sciences found in March.
#MintPlainFacts | A recent report by the Council on Energy, Environment and Water (CEEW) found that more than 75% parts of India, home to over 638 million people, are extreme climate event hotspots.
#MintPlainFacts | India has nearly achieved the first two: as of September, non-fossil fuel sources, including large hydro and nuclear, comprised 39.6% of installed capacity, and emission intensity has dropped 24% since 2005.
#MintPlainFacts | However, India may not be in a rush to declare a net-zero target. It may remind the world of the “common but differentiated" principle.
#MintPlainFacts | Last week, the Congress pledged to field women in 40% of the seats in the upcoming Assembly elections in Uttar Pradesh. At the outset, it could be seen as a way to boost the dismal representation of women in Indian politics.
#MintPlainFacts | India’s economy appears to have faced hiccups in its recovery trajectory in September as global supply constraints and an upbeat domestic mood resulted in divergent trends.
#MintPremium | The deterioration was driven by the consumption segment, even as the ease of living segment remained worrisome. In August, the tracker had reported its best performance in five months, with just seven indicators in red.
In a report on 21 October, credit rating agency #ICRA noted that India's recovery had continued into the September quarter as the second covid-19 wave subsided, but turned “multi-speed".
#MintPlainFacts | After languishing in the bottom half of Mint’s emerging markets tracker over the past few months, India has now moved to the third position among the 10 largest emerging markets, outranking Asian peers
In May and June, as India struggled to contain the second wave, several Asian peers experienced a robust economic recovery on the back of a rebound in global trade.
The key differentiator for India remains a low covid case count. It is the decline in caseloads & the opening up of the economy that have allowed manufacturing activity to roar back to life...
Indian consumers are lapping up Chinese phones at a furious pace. Many models get sold out within seconds of a sale being announced on either Amazon or Flipkart.
#MintPlainFacts | The government presents a mixed card in the first quarter on the two cornerstones of its fiscal strategy. On revenue collection, it exceeded expectations. On capital expenditure, it’s below expectations
The Union government is off to its best revenue collection drive in five years, with collections touching 28% of its budgeted revenues for fiscal year 2021-22 (FY22) in the first quarter (April-June) alone.
The Centre has done well in receipts, but not on capital spending. On 30 June, the Centre directed ministries, with some exceptions, to limit their spending in the second quarter to 20% of the full-year amount