ENLIGHTENED MINDS_Inspiring Excellence

  Ukraine-Russia Conflict- How Indian Economy will be affected? The Impact of Ukraine- Russia conflict on Indian economy 1. Inflation 2. Exchange Rate 3. Crude  Impact on Imports 1. Thermal coal and gas imports  2. Critical Defence Equipment 1.  Inflation As there is an increase in oil prices, this will also affect freight movement. In addition, this will cause an increase in the cost of food items like vegetables, fruits, pulses, oil, etc. The Ukraine-Russia conflict will also increase  inflation  in India. So, if there is a rise in inflation, it may rise beyond the projected figures of RBI, and they will be forced to increase the rates. 2.  Exchange Rate If the Ukraine-Russia conflict continues, the  exchange rate  will be affected, and the rupee may depreciate further. This can cause a rise in the country’s total trade spending. 3.  Crude  Brent crude oil prices are expected to rise to $105 per barrel, according to  commodit...

  What is Green Hydrogen / Green Ammonia? Green hydrogen, also referred to as ‘clean hydrogen’ is produced by using electricity from renewable energy sources, such as solar or wind power, to split water into two hydrogen atoms and one oxygen atom through a process called electrolysis. The hydrogen thus produced is used in the manufacturing process and oxygen is released into the atmosphere or bottled and sold to hospitals and industries that need it. A similar process also helps produce green ammonia. Ammonia is a pungent gas that is widely used to make agricultural fertilisers. Green ammonia production is where the process of making ammonia is 100% renewable and carbon-free. One way of making green ammonia is by using hydrogen from water electrolysis and nitrogen separated from the air.  Green Hydrogen Policy- The policy provides as follows: Green Hydrogen / Ammonia manufacturers may purchase renewable power from the power exchange  or set up renewable energy capacity th...

  Sugar and Sugarcane sector Sugar industry is an important agro-based industry that impacts the rural livelihood of about 50 million sugarcane farmers and around 5 lakh workers directly employed in sugar mills. Employment is also generated in various ancillary activities relating to transport, trade servicing of machinery and supply of agriculture inputs. Sugar mills produce sugar which is an essential commodity and is a very sensitive item for the public and politics.  Dimensions Rangarajan Committee Buffer and Levy Sugar Sugar and Sugarcane Pricing Cropping Pattern Climate Effects Dynamics of sugar Industry: How it functions Farmers grow sugarcane and sell it to the sugar mills.  Farmers want the sugar cane price to increase even when the sugar price fall. Sugar mills have to buy the sugarcane from farmers at a fixed rate called  FRP  which is decided by the government. Since the price of sugar cane does not reflect the market price of sugar there is a price ...