RBI discussion paper proposes four-tier structure for NBFCs The Reserve Bank of India (RBI) on Friday released a discussion paper that aims to initiate scale-based regulatory framework for the non-banking finance sector (NBFCs), which have so far enjoyed regulatory arbitrage.
CBI books Cambridge Analytica, Global Science over illegal data harvesting The Central Bureau of Investigation (CBI) has registered a criminal conspiracy case against UK-based Cambridge Analytica and Global Science Research for illegally harvesting personal data of Facebook (FB) users in India.
Adani Total, Torrent pay Rs 3.7 cr each for 5% stake in Indian Gas Exchange Adani Total Gas and Torrent Gas have acquired 5 per cent stake each in the Indian Gas Exchange (IGX). According to officials in the know, both have spent Rs 3.69 crore each for the 5 per cent stake.
Adani Total Gas, Torrent Gas acquire 5 pc stake each in IGX
Adani Total Gas, Torrent Gas acquire 5 pc stake each in IGX
The IGX is an arm of IEX and first authorised gas exchange in the country.
The IGX partnership with the two leading gas players will go a long way in developing India’s gas markets, an IEX statement said.
The IEX had on Friday announced the first strategic divestment of shares in the IGX.
Adani Total Gas Ltd and Torrent Gas Pvt Ltd, India’s two leading energy players with stakes in both upstream and downstream hydrocarbon value chain, have acquired 5 per cent equity stake each in the IGX.
The Global Energy Agenda
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The Global Energy Agenda can also be read as a PDF. Download the full paper using the button below.
The 2021 Energy Agenda: The Atlantic Council surveyed hundreds of leaders in the energy field, and this report summarizes their responses. The energy agenda for 2021 should be to realize the opportunities created by COVID-19 to build a more sustainable energy system. The energy transition is not inevitable, and the private sector can only do so much; governments, therefore, have a critical role to play in ensuring a sustainable future.
Why Hydrogen?
The idea of using hydrogen as an energy carrier is not new but this time there is hope that hydrogen will finally make a difference to energy supply and emission reduction. Part of the reason is that the hydrogen-electricity (“hydricity”) model is expected to be far cheaper than an electricity only model for decarbonisation of the energy sector. Apart from balancing intermittency of renewables, hydrogen can also facilitate decarbonisation of heavy industry (iron & steel, chemicals, cement, shipping and long-haul surface transport) which has proved to be a challenge for electricity from renewables. The progress made in reducing the cost of producing low carbon hydrogen is also another reason for the revival of interest in hydrogen.
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