- Sunday, May 19, 2024
By: Shubham Ghosh
HERE are news in brief on Indian economy and business for Wednesday, May 8, 2024:
Rapid solar energy deployment in India pushed the country past Japan to become the world’s third-largest solar power generator in 2023, according to a new report. The report by global energy think tank Ember said solar produced a record 5.5 per cent of global electricity in 2023. In line with the global trend, India generated 5.8 per cent of its electricity from solar last year. Strong growth in wind and solar drove the share of renewables in the global electricity mix above 30 per cent and total clean generation (nuclear included) to almost 40 per cent, as reported in Ember’s “Global Electricity Review”. As a result, the carbon intensity of the world’s electricity reached a new record low, 12 per cent lower than its peak in 2007.
India has called for re-energising discussions in the World Trade Organisation (WTO) on the development dimension to achieve tangible progress and meaningful outcomes. In a communication to the WTO, the country said that there is a substantial unfinished development agenda emanating from the recently concluded 13th ministerial conference of the WTO in Abu Dhabi. “We seek to strengthen the discussions and debate on the issue of development in the working of all regular bodies of this organisation. We wish that the momentum of development discussions continues in a focused and structured way,” India said in its communication titled – ’30 Years of WTO: How has Development Dimension progressed – A way forward’.
The regional labour commissioner will seek inputs from aviation regulator DGCA in the ongoing conciliation process with respect to the dispute between Air India Express management and a section of the cabin crew members, according to a source. Tata Group-owned profit-making Air India Express is in the process of merging loss-making AIX Connect, formerly AirAsia India, with itself. Meanwhile, Air India Express has cancelled over 90 flights since Tuesday night as a section of cabin crew members reported sick to protest against alleged mismanagement at the airline, which said it is working hard to minimise the disruptions. A union representing a section of the Air India Express cabin crew had filed a complaint before the labour department last year.
The 16th Finance Commission of India on Wednesday invited suggestions/views from the general public, institutions and organisations for the allocation of resources between the centre and states along with the issues relevant to the working of the commission. A release by the finance ministry said, “The principles which should govern the grants-in-aid of the revenues of the states out of the Consolidated Fund of India and the sums to be paid to the states by way of grants-in-aid of their revenues under Article 275 of the (Indian) Constitution for the purposes other than those specified in the provisos to clause (1) of that article” said the release.
Indian food-delivery company Zomato’s CEO Deepinder Goyal on Wednesday unveiled what he called India’s first crowd-supported weather infrastructure. It is a proprietary network of over 650 on-ground weather stations, and is billed as the largest private infrastructure of its kind in India. These weather stations, developed by Zomato, provide localised, real-time information on key weather parameters such as temperature, humidity, wind speed, rainfall, among others can be seen at http://weatherunion.com , Goyal wrote on his X timeline, as he made an announcement about it. Currently available across 45 large cities, it would be expanded in other Indian cities “very soon”.
(With agencies)
