Fossil fuel de-addiction may wipe out a big chunk of India’s government revenues

Fossil fuel de-addiction may wipe out a big chunk of India’s government revenues

One of the biggest losers in the fight against climate change could be the Indian government. Taxes and other revenue from fossil fuels contributed $86 billion (Rs6.23 lakh crore) to the budgets of India’s national and state governments in 2017, according to a study by the International Institute for Sustainable Development (IISD).

India’s High-Speed Rail Has Higher Costs Than We Know

India’s High-Speed Rail Has Higher Costs Than We Know

Indian Railways is a 163-year-old institution, which has been a national organization since 1947 and continues as a Public-Sector Undertaking burdened with declining operating efficiency and deteriorating Freight shares.

Why India is building huge caves to store oil

Why India is building huge caves to store oil

India’s expanding its oil stocks to avoid external price and supply shocks in the future. On June 27, the Narendra Modi government announced a plan to build two new caves full of strategic petroleum reserves (SPRs) to maintain the country’s supplies for up to 12 days during exigencies.

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