Tag: Column

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Building a network of green financing institutions in India

Financial Express The idea that India needs to invest trillions of dollars in meeting its Net Zero by 2070 commitment is, by now, well known. Estimates run to over ten trillion dollars in the next half century or the hundreds of billions of dollars in the next decade. The sums of monies to be channelized for this transition are very significant as a proportion … Read More Building a network of green financing institutions in India

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Net Finance – A companion to Net Zero

The Financial Express India made five commitments at COP26: (1) it will increase its non-fossil energy capacity to 500 GW by 2030; (2) it will meet 50 percent of its energy requirements through renewable energy by 2030; (3) it will reduce the total projected carbon emissions by one billion tonnes until 2030; (4) by 2030, it will reduce the carbon intensity of its economy … Read More Net Finance – A companion to Net Zero

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Fiscal considerations of the Green transition

State of public finances has a direct impact on Green policies that Government can pursue – the range of policy options gets shaped by the need for more revenues or the ability to spend them Financial Express India’s commitment to Net Zero by 2070, has well and truly set the course for a Green transition in the country. Many aspects of this once-in-a-lifetime change … Read More Fiscal considerations of the Green transition

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EFGHIJK: Taking stock of the Indian economy

Exports, fiscal, growth, health, inflation, jobs, and capital: sizing up the dynamics in the Indian economy in these volatile times Financial Express In September last year, with two waves of Covid-19 largely behind us, we had taken a mid-year stock of the Indian economy using the EFGHIJ framework. We relook at these factors again as many macroeconomic factors have changed dramatically, especially in the … Read More EFGHIJK: Taking stock of the Indian economy

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Sequestering the fiscal bounty

The notional ‘saving’ of ~Rs 1 lakh crore on the fiscal deficit front offers India an opportunity to create a fund to deal with climate change Financial Express Fiscal year 2021-22 has been volatile, to say the least. The Budget for FY2022 was presented on Feb 1 last year at a time when the first wave of Covid-19 was firmly behind us. However, soon … Read More Sequestering the fiscal bounty

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Financing the Green Transition

Financial Express New sources of capital and new instruments are required to power the green transition Green Transition is a reality: it is here and now. The recent spate of high-impact climate-related disasters across the world (floods, wildfires, heatwaves, etc.) have underscored the magnitude of challenges facing humanity cutting across country borders. This has prompted societies and leaders across the world into thinking and … Read More Financing the Green Transition

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Urban development and green finance: Blending two mega trends

Financial Express Writing on LinkedIn recently, Hon’ble Prime Minister Shri Narendra Modi said, “The 15th Finance Commission and several academics have emphasised the crucial importance of sound property taxation. The third reform required states to notify floor rates of property tax and of water & sewerage charges, in consonance with stamp duty guideline values for property transactions and current costs respectively, in urban areas. … Read More Urban development and green finance: Blending two mega trends

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Attracting Large Pools of Capital for a Green Transition

Financial Express India is a signatory and strong advocate for the United Nations Framework Convention on Climate Change (UNFCCC), and the only large country on track for emissions reduction as agreed under the Paris convention. These transitions are expected to be net positive for the economy from cleaning up the emissions, creating new jobs, and fostering economic growth. International Energy Agency (IEA) estimates that … Read More Attracting Large Pools of Capital for a Green Transition

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Hedging INR for the long-term

Foreign investors with long-term commitments to Indian infrastructure need the ability to hedge their currency exposure in India. The exposure can typically last for multiple decades, especially in the context of infrastructure. The recently concluded Virtual Global Investor Conference saw large global investors recommitting to their interest in investing in India for the long-term. For investors, the return they seek is dependent on the … Read More Hedging INR for the long-term

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Finding investors for State debt

As States issue more debt, finding the investors who will subscribe to the issue will require expanding the current pool of investors and making the investment more lucrative. While there have been many deliberations in these pages on the growing amount of debt that the various tiers of the government (Centre and States) will have to raise, little discussion has gone into who they … Read More Finding investors for State debt

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Getting the vaccine to a billion plus people

India can learn a lot from its experience in managing cash – getting a billion people what they need can be planned effectively. A vaccine for Covid-19 is expected to come sometime over the next few months – hopefully in this year. Once a vaccine is available, getting it to India’s billion plus people is a logistical challenge with many moral and ethical questions … Read More Getting the vaccine to a billion plus people

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Making the frontier sector work

Many of the networks of value could start to become ‘utilities’ as they become more embedded in everyday lives. In the previous article, we introduced the idea of the D-sector. The three traditional sectors have a well-defined, or largely settled, understanding of the many elements that build them: (1) what resources are required, (2) employment and its regulations, (3) the path to skills, (4) … Read More Making the frontier sector work