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The government is planning a complete overhaul of the way the power sector is financed and subsidies are delivered, attempting to address a funding shortfall delaying the construction of electricity projects and worsening a chronic power deficit that threatens to sap growth in India’s energy-hungry economy. This exercise is based on a report submitted by a panel headed by Montek Singh Ahluwalia, deputy chairman of the Planning Commission, to the power ministry. The panel was formed by a group of ministers dealing with the power sector. Significant recommendations made in…

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Water Pollution is the contamination of the water resources. It results by the discharge of waste materials into water. The results are very adverse and it is highly advisable to stop polluting water!

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Dec. 7 (Bloomberg) — China, India, Brazil and South Africa said the U.S. must pledge deeper cuts in greenhouse gas emissions to help make progress in United Nations climate talks, sharpening divisions between rich and poor countries on how to combat global warming. The four developing nations at the talks in Cancun, Mexico, also called on industrialized economies to provide more aid for countries seeking to clean up their energy industries, adding to demands that the U.S. and European Union said may wreck the meeting. “There is an agreement to…

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India could well turn out to be the cheapest solar power producer as developers clamour with each other to execute projects, even willing to sell power at rates sharply lower than prevailing tariffs. “We had invited the proposals for 650 MW project but received an enormous response of 5,000 MW from project developers, manufacturers, and foreign companies” said Gauri Singh, joint secretary, ministry of renewable energy (MNRE). Buoyed by this response the government had asked the bidders to offer discount on tariffs, lower than those listed by the regulator —…

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