India’s plans to remake itself into a gas-based economy are floundering. As the previous story in this series described, not only is the fuel controlled so tightly by the government that players struggle for viability, India is also running out of cheap domestic gas. The country’s new gas finds – in deepwater fields – and […]
Seen from a distance, India’s gas sector seems to have everything going for it. Given how energy-starved India is – not to mention climate commitments to reduce its economy’s carbon intensity – there is abundant demand. Given the global surge in gas production even as traditional markets slow, supply is not a problem either. Helping […]
In March this year, union minister Dharmendra Pradhan published an article. Most of the piece, titled Why India Needs A New Energy Roadmap, listed the Bharatiya Janata Party-led National Democratic Alliance (NDA) government’s efforts to make India a gas-based economy. The government, wrote India’s petroleum and natural gas minister, wants to take India towards renewables. […]
For a long while now — ever since my colleagues at Economic Times and I profiled Gautam Adani in 2013 — some of my friends and I have been wondering how the Adani Group funds its growth. Is there a mismatch between the quantum of its balance sheet and the quantum of its investments? That […]
Since October last year, Scroll has been (intermittently) reporting on how India’s insolvency proceedings are coming along. Cumulatively, these reports flag a couple of peculiar patterns. A lot of companies are up for sale — In a country with 7500 companies with a topline over Rs 250 crore, 2511 companies are slated for insolvency proceedings. […]
On February 13, the Supreme Court ordered the eviction of more than 10 lakh families of Adivasis and other forest-dwellers from forestlands across 16 states. The order came while the court was hearing petitions challenging the constitutional validity of the Forest Rights Act, 2006. The petitioners had demanded that state governments evict those forest dwellers […]
and gosh. one more frikking q&a. On Thursday, a political storm boiled over after Business Standard reported that, between 2017-’18, unemployment numbers in India reached a 45-year high. The newspaper based its report on a survey, conducted by the National Sample Survey Organisation, called the Periodic Labour Force Survey that the government had not made public. According to […]
A century ago, the gharial could be found all the way from the Indus to the Irrawady. The thin-snouted, fish-eating member of the crocodile family was spread out over 20,000 sq km at the time, studies estimate, and numbered between 5,000 and 10,000. Now, no more than 200 breeding adults survive in the wild. The […]
The focus of their anger lay 400 kilometres to the north. Since 2002, Uttarakhand, where the Ganga originates, has been on a drive to build hydel power projects. The state, which currently produces 4,000 MW of hydel power from 98-odd projects, has since 2009 signed agreements to build another 350 dams. Most of these are […]
In September 2014, shortly after coming to power, Prime Minister Narendra Modi held his first meeting on the Ganga. The river had featured prominently in the Bharatiya Janata Party’s election manifesto. The Ganga was both jeevan dayini, the giver of life, and mukti dayini, which sets the soul free, the document said. But all was […]
On November 2, Prime Minister Narendra Modi made a slew of announcements aimed at reviving India’s faltering micro, small and medium enterprises. One of these was about a dedicated digital platform – http://www.psbloansin59minutes.com – to enable them to access loans of upto Rs 1 crore in just 59 minutes. Unlike their larger counterparts, India’s smaller […]
What India’s Finance Minister says… The finance minister this week criticised the central bank for failing to check indiscriminate bank lending from 2008 to 2014 which has now ripened into a bad loan crisis. The attack was accompanied by the government invoking never-used powers under the Reserve Bank Act to issue directions to the bank’s […]
India’s current cash crunch is a real enigma. To begin with, there is its sheer unprecedented nature. In all the years since Independence, India has never seen something like it. “We have heard of coin shortages but never a cash shortage,” said MS Sriram, visiting faculty at the Indian Institute of Management-Bangalore’s Centre for Public […]
atms are again running dry in india. and theories claiming to explain why are doubling every day. out today, a quick report with my colleague rohan which seeks to separate plausible theories from the disingenuous (or just plain stupid) ones.
This series has flagged a puzzling trend. State governments are struggling to use Aadhaar-based fingerprint authentication in ration shops. At the same time, a rising number of companies are integrating Aadhaar into their databases. This is puzzling because from its inception, Aadhaar, India’s Unique Identification project, was pitched as integral to the modernisation of social […]
20 days after false allegations of cow slaughter almost saw two muslims get lynched, the town of karhal in uttar pradesh’s manipuri district is on the boil again. this time because 3 goons shot and wounded a local muslim leader.
A day after the NDA announced its “historic” peace accord with the National Socialist Council of Nagaland (Isak-Muivah), speculation is rife in the two states affected most by the agreement – Nagaland and Manipur. What is the shape of the agreement hammered out by government and the rebel group? After all, the NSCN was formed […]
On Wednesday morning, Environment Minister Prakash Javadekar gave India one more reason to think of him as among the country’s worst environment ministers till date. As the Indian Express reported, the minister sent out an intra-ministry letter on July 16 asking bureaucrats to replace the term “diversion” of forest land with “reforestation” in their communications. When asked about […]
The first part of Scroll’s analysis of the coal block auctions took a close look at the auctions for the steel, cement and aluminium sectors. It found an extremely wide divergence in the winning bids. Some blocks went for twice the notified price of coal, or the price at which the bulk of India’s coal is […]
At a gathering in Paris last month, drawing attention to the coal block auctions that have taken place under his government, Prime Minister Narendra Modi boasted, “Twenty coal blocks out of 204 have been auctioned so far and we got more than Rs. 2 lakh crore from them.” The factual error in the statement – […]
When Bharatiya Janata Party president Amit Shah makes his planned visit to Mizoram this month, officials of his organisation’s state unit have arranged for him to meet with church elders and receive a memorandum from them. Their note will remind the BJP that “India is a secular state, that the people of Mizoram are against the […]
After the Coal Bill, it is the turn of the Coal Mines (Special Provisions) Rules, 2014. Rules say the central government can allot a coalblock where mining has already started to any company recommended by the ministry of power which “henceforth may be awarded a power project based on competitive bids for tariff”. The phrasing, […]
The new coal bill may allow the discretionary allotment of mines, as experts say a new clause in the proposed law can be interpreted as facilitating such action. However, coal ministry officials say the clause has been inserted only to allow tariff-based bidding. Section 5(1) of The Coal Mines (Special Provisions) Bill, 2014, says the […]
i reported for this story on the first day of jan dhan yojana. while the media exults over its success in opening over a crore accounts on day one, cracks in the model are already visible. cynical tokenism, all this.
and then, there is this story on its environmental track record till now. If environment minister Prakash Javadekar’s tweets are anything to go by, India is treading a fine balance between development and environmental protection. For instance, on May 31, shortly after taking charge at Paryavaran Bhawan, he tweeted: “The government believes in #environment and […]
from an et special issue on modi sarkar completing 100 days, this report on its election promise to clean the ganga.
Last month, union tribal Minister Jual Oram told the Lok Sabha that India is making “satisfactory progress” implementing the “Forest Rights Act” (FRA). However, a closer look at the numbers he submitted in the house indicates otherwise. my story on how the government’s claims about “satisfactory” implementation of the forest rights act are garbage. what […]
Resisting Prime Minister Narendra Modi’s push for direct benefits transfer using Aadhaar, Tamil Nadu has refused to share list of its welfare scheme beneficiaries for matching with Aadhaar numbers, saying a hasty cross-checking exercise could end up denying benefits to hundreds of poor.
The finance ministry has decided to limit Aadhaar’s role in its welfare scheme payments and, instead, use ATM-enabled RuPay cards for last-mile authentication to withdraw money. While it will continue to use Aadhaar for opening accounts and to eliminate ghosts and duplicates from beneficiary rolls, the ministry has decided to give RuPay ATM cards with […]
The new financial inclusion push, Sampoorn Vittiyea Samaveshan, which Prime Minister Narendra Modi is widely expected to unveil on August 15 does not quite have the central bank on its side. Top government sources told ET that the Reserve Bank of India (RBI) was in disagreement with three critical elements of the drive. it opposed […]
…While researching this story, ET reviewed two drafts produced by the Department of Financial Services – one in June, and the second in July. The draft dated 8 July, 2014, says: “This account would be linked with the Aadhaar number of the account holder and would become the single point for receipt of Direct Benefit […]
There is enough evidence to suggest that the crucial July 1 meeting between Nilekani, the prime minister and the FM, brought forth a volte face in the government stand on UIDAI. Only two days before this, on July 3, Home Minister Rajnath Singh, Telecom, IT and Law Minister Ravi Shankar Prasad and Planning Minister Rao […]
out today, this story on the changes planned by the nda for nrega. Sanitation projects to reduce open defecation, increasing green cover and emphasis on creating assets form the crux of the Narendra Modi-led government’s blueprint for redeploying UPA’s flagship social sector programme — the Mahatma Gandhi National Rural Employment Guarantee Act or MGNREGA.Top officials […]
my colleague and friend vikas dhoot and i have this update on the continuing aadhaar and npr saga. Prime Minister Narendra Modi has backed the UPA’s Aadhaar programme for now, but that may not be the final word on whether it will be retained. The government has asked the Unique Identification Authority of India (UIDAI), […]