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Insights, a blog published by IMPRI.

Strategic Intervention for Green Hydrogen Transition (SIGHT)

The government of India on August 15, 2021, announced the implementation of a project that encourages the use of green hydrogen. The objective of the project is to reduce dependence on fossil fuels and focuses on de-carbonization. For this, a project has been launched with an estimated budget of around ₹19,744 crores that will create a boom in the production of green hydrogen. With the implementation of this project, the country is expected to witness a surge of investments worth Eight lakh crores rupees with the creation of Six lakh jobs and a cumulative reduction in fossil fuels imports worth Rs One lakh crore.

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.

Election Commission will now be appointed by a Non-Partisan panel, SC rules out the decision

By directing the Election Commission to be appointed by a non-partisan panel, the Supreme Court (SC) strengthens democracy. But more needs to be done for institutional independence. EC, as well as all other regulatory bodies made autonomous of the executive, should be made answerable to designated committees of Parliament. This is essential to ensure the democratic accountability of all institutions to the ultimate sovereign, the people.

J&K, Property Tax & Levying Power

The union territory administration of Jammu and Kashmir notified rules for levying property tax in towns and cities in the region. The Lieutenant Governor and the officers of urban development are leaving no stone unturned in convincing the people that this is a ‘progressive tax’, and the values are abysmally low and hence there will be hardly any burden on the people.

Is Plastic Ban the Best Option?

Do not ban plastic; the costs are too high for society, in particular for the less well-off. Instead, invest heavily in technologies to degrade the plastic not already amenable to biodegradation and deploy these to solve the problem. India has the worker capacity to collect all plastic waste and recycle it or treat it with chemical or biological agents to convert it into simpler compounds such as carbon dioxide, water and methane. India also has the brain power to innovate novel solutions to the problem of plastic persistence in the ecosystem

Relevance and Reliance on China’s Provisions of providing Financial System

The crises in Sri Lanka and Pakistan are raising questions about the relevance and the costs of their reliance on the alternative financial system provided by China’s Belt and Road Initiative

On March 6, China became the last major bilateral creditor to provide financing and restructuring assurances to Sri Lanka. Following this, the International Monetary Fund (IMF) has agreed to make a final decision on Colombo’s $2.9 billion bailout package. Sri Lanka’s consistent back-and-forth negotiations with the IMF and China indicate a broader development in South Asia. In 2022, two other South Asian nations and participants of the Belt and Road Initiative (BRI) — Pakistan and Bangladesh — had sought financial assistance from the IMF. These developments in the subcontinent indicate that developing countries are furthering their economic interests and stability by approaching the IMF and the West, even as they try not to antagonise China.