Citizens' Issues
Global business leaders laud Modi's solar alliance move
The grand solar alliance announced jointly by Prime Minister Narendra Modi and French President Francois Hollande at the UN Climate Change Conference evoked widspread praise from all stakeholders, who felt the issue of funding, too, has to be addressed to make this green initiative a success.
 
"Accelerating the development of solar power will spur the creation of new jobs and significant economic development as well as helping those in areas that are still lacking access to electricity," said Tata Group chairman Cyrus Mistry in a statement.
 
The stakeholders felt the solar alliance can be a platform to scale up access to energy in developing countries, but they also raised the issue of funding.
 
Tim Buckley, the director of energy finance studies at Institute for Energy Economics and Financial Analysis, said till now most of the foreign investments have come into India from private sources.
 
"Only around $0.5 billion has come in through official channels, multi-lateral and bi-lateral financing agencies. Enhancement from this channel will boost the efforts of private enterprise, and the adoption of green power in India," Buckley said.
 
Energy experts expressed the view that the solar alliance has the potential to establish business innovations in climate change.
 
Bringing nations with high solar resources together can unlock the potential of renewable energy to light billions of lives, said the founder and CEO of Yes Bank, Rana Kapoor. He added that the 21st Conference of the Parties (CoP 21) has the "potential to strengthen partnerships and establish business innovations in climate change".
 
The International Solar Alliance will be a platform for the sunshine countries across the globe to scale up access to energy and reduce our dependence on fossil fuels, said Vineet Mittal, vice president of Welspun Renewables.
 
"Scaling up renewable energy in India is undoubtedly one of the key steps to ensure the world stays on track to avoid the dangerous consequences of an increased climate change," said Ramadas Kamath, executive vice president of Infosys.
 
International Solar Alliance is the evidence that the world is acknowledging renewable means, Kamath added.
 
Another energy expert, Jennifer Morgan, who is global director, climate program of the World Resources Institute, said: "This bold effort could bring affordable solar power to tropical villages and communities worldwide."
 
Modi launched an alliance of some 120-odd nations in Paris on Monday to harness solar energy better, and asked the rich nations to shoulder their responsibilities in protecting the environment.
 
"This is an alliance that brings together the developed and developing countries, governments and industries, laboratories and institutions in a common enterprise," he said, offering to host this initiative in India, providing the requisite land and also making a contribution of $30 million for the proposed secretariat.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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'Real dirt' of India lies in minds, not streets: President
President Pranab Mukherjee on Tuesday exhorted people to go strongly with Prime Minister Narendra Modi's Swachh Bharat Mission but ensure the society was first cleansed from within as evinced by Mahatma Gandhi through his life.
 
"The real dirt of India lies not in our streets but in our minds and in our unwillingness to let go of views that divide society into them and us; and pure and impure," said President Mukherjee, who inaugurated a new Archives and Research Centre at the Sabarmati Ashram here.
 
The President, who was also here to address the 62nd convocation of Gujarat Vidyapeeth founded by Mahtama Gandhi in 1920, said: "We must make a success of the laudable and welcome Swachh Bharat Mission. However, this also must be seen as just the beginning of a much larger and intense effort to cleanse minds and fulfil Gandhiji's vision in all its aspects."
 
"Gandhiji would tell us - and Dr. Babasaheb Ambedkar would agree with him - that so long as untouchability persists, so long as dehumanising practice of carrying night soil persists, we cannot have real Swachh Bharat." 
 
"Gandhiji insisted on the dignity of all human labour and expressed his desire to be a scavenger. We must remember that Gandhiji wished to be a scavenger of our hearts as much as of our villages," the President added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Maruti Suzuki's November sales up 10 percent
Leading passenger automobile manufacturer Maruti Suzuki on Tuesday reported a 9.7 percent rise in its sales for last month.
 
The company sold 120,824 units during the month under review from an off-take of 110,147 units in the corresponding month of 2014.
 
The automobile manufacturer's sales during October rose by 29.1 percent year-on-year to 134,209 units.
 
Domestic sales during the month under review increased by 10.6 percent at 110,599 units from 100,024 units sold during November 2014. 
 
Exports went up by one percent in the month under review with 10,225 units being shipped out -- up from 10,123 units sold abroad during the corresponding month of 2014.
 
The sales of passenger car segment surged 8.7 percent to 89,479 units sold during last month - from 82,306 units in the like period of 2014.
 
The company's passenger car segment comprises of brands like Alto, WagonR, Swift, Ritz, Celerio, Baleno, Dzire, Dzire Tour, SX4 and Ciaz.
 
The off-take of utility vehicles which comprises of brands like Gypsy, Ertiga and S-Cross rose by 57.5 percent at 8,688 units from sales of 5,515 units during November 2014.
 
The sales in the van segment, which includes Omni and Eeco, increased by 1.9 percent at 12,432 units from an off-take of 12,203 units in the corresponding month of previous year.
 
The company's scrip at the Bombay Stock Exchange (BSE) was up by 0.31 percent at Rs.4,562.60 around 1.00 p.m. from its previous close of Rs.4,576.70 on Monday.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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