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Savings from the switch to Electric Vehicles (EVs) in India

Transport is an integral part of the energy system, and the demand for transport has been ever-increasing with the increase in population. One of the main causes of climate change is greenhouse gas emissions from the usage of fuel in vehicles. A switch to Electric Vehicles (EVs) is a way to minimise such pollution. EVs have been started to reduce carbon emissions due to other advantages such as lower noise pollution, maintenance requirements and power consumption.

Doubling of Income, Really?

INDIA’S per capita income, representing the average income of an Indian citizen, has risen from INR 79,000 in 2013–14 to INR 1,71,000 in 2022–23 — an increase of 116 percent. Therefore, some claim that incomes have more than doubled in India since the present ruling dispensation took office. The catch is that: a) this includes the price increase during the period and hence does not represent the real increase in incomes, and b) the data for 2022–23 and two earlier years is provisional and subject to revision.

Fiscal Deficit as a Shape-Shifter in India

The fiscal deficit created now translates into a higher debt burden that future generations have to service. Is that fair? It is more than fair. In the misty mornings of peak winter, a flock of sharp-beaked, joyless birds takes flight in the capital – Fiscal Deficit Hawks, who swoop down on North Block, where harried finance ministry officials race against time to prepare the Union government’s annual budget, to screech sharp orders to slash the fiscal deficit.