Mixed Economy – Ameritas UK News http://www.ameritas.co.uk/ Sat, 22 Jan 2022 11:00:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://www.ameritas.co.uk/wp-content/uploads/2021/03/cropped-default1-32x32.png Mixed Economy – Ameritas UK News http://www.ameritas.co.uk/ 32 32 Letter to the editor: Toxic chemical plants and hurricanes don’t mix – The Observer https://www.ameritas.co.uk/letter-to-the-editor-toxic-chemical-plants-and-hurricanes-dont-mix-the-observer/ Sat, 22 Jan 2022 07:42:19 +0000 https://www.ameritas.co.uk/letter-to-the-editor-toxic-chemical-plants-and-hurricanes-dont-mix-the-observer/ In 2020, Louisiana was hit by five storms, and last year we had three, including one Category 4. The media and those who have spent years studying these storms often use each season’s conclusion as a kind of reference. Headlines begin to read as “Fourth costliest hurricane season ever” and “Sixth consecutive busier than normal […]]]>

In 2020, Louisiana was hit by five storms, and last year we had three, including one Category 4. The media and those who have spent years studying these storms often use each season’s conclusion as a kind of reference. Headlines begin to read as “Fourth costliest hurricane season ever” and “Sixth consecutive busier than normal Atlantic hurricane season is over.” You see, Louisiana is our home and we wouldn’t change it for the world. But we can’t ignore the fact that our climate is changing and that Louisiana has one of the most dense areas of petrochemical plants and oil and gas refineries in the country. Thus, despite the end of the season, the danger is never really removed.

Hurricane Harvey arrived in 2017, Laura arrived in 2020, and Ida arrived in 2021. All three storms hit the Gulf region and left dangerous pollution and destruction in their wake. A chlorine plant caught fire in Westlake after Laura. After Harvey, half a billion gallons of industrial sewage mixed with stormwater gushed out of a chemical plant in Texas. A plastics factory in Plaquemine lost power as a result of Ida and emitted toxic ethylene dichloride.

What some people don’t know is that danger doesn’t just occur during storms. Just like the rest of us, petrochemical plants and oil and gas facilities need to prepare for these storms. They enter a shutdown mode meaning they burn additional toxic chemicals in order to clean their pipes and then again when they turn them back on. A giant plastics factory in Texas released about 1.3 million pounds of excess emissions, including toxic gases like benzene, when it restarted after Harvey. This plant is operated by Formosa Plastics, the same company that is planning a $9.4 billion chemical plant in the West Bank in the community of St. James and near the West Bank community of Convent.

Right now, you might be wondering, “Why are we still building these dangerous and toxic factories and refineries in the middle of hurricane country?” Well, the answer probably won’t surprise you.

Our policymakers continue to deliver the most generous tax breaks in the country to the oil, gas and chemical industries. This is happening even as promised new jobs fail to materialize and utilities, refineries and chemical plants lay off workers, many of whom don’t even live in St. James Parish. St. James Parish of Formosa’s proposal relies on these tax breaks and is predicated on the promise of 100% state property tax abatement for 10 years, a massive revenue loss for St. James.

Nobody needs a degree or a title to know that toxic chemical plants and hurricanes don’t mix. Louisiana is our home by birth and it’s the home of others by choice. Let’s invest in ourselves and our future by not relying on a single dying industry, but rather by diversifying our economy for a cleaner future. We may not be able to stop hurricanes, but we can stop Formosa Plastics. Let’s invest in our Convent community and all communities from the Ascension parish line to the St. John the Baptist parish line and bring back clean water, air and soil. Louisiana must support industries that promote safety and improve public health – especially with our extreme weather already in play. We live in one of the most hurricane-prone states in the United States. It is irresponsible, reckless and negligent to continue building toxic chemical plants and refineries in a state that has been repeatedly destroyed and polluted. Tell the St. James Parish Council we don’t need another toxic factory or refinery. What we need is a future.

Gail LeBoeuf, Myrtle Felton and Barbara Washington

inclusive louisiana

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Sensex Today: Live Stock Market Updates: Sensex Slips for 3rd Day, Down 550bps on Losses in RIL, IT and Bank Stocks; Nifty approaches 17,800; AGS Transact IPO fully subscribed on Day 2 https://www.ameritas.co.uk/sensex-today-live-stock-market-updates-sensex-slips-for-3rd-day-down-550bps-on-losses-in-ril-it-and-bank-stocks-nifty-approaches-17800-ags-transact-ipo-fully-subscribed-on-day-2/ Thu, 20 Jan 2022 06:40:00 +0000 https://www.ameritas.co.uk/sensex-today-live-stock-market-updates-sensex-slips-for-3rd-day-down-550bps-on-losses-in-ril-it-and-bank-stocks-nifty-approaches-17800-ags-transact-ipo-fully-subscribed-on-day-2/ Taking the recent drop for the third day in a row, benchmarks opened lower on Thursday amid lingering worries about inflation and Fed rate hikes. The BSE Sensex lost the psychological bar of 60,000 while the NSE Nifty50 barometer reigned below the 17,900 level. Analysts advised investors to stick to the safety of high-quality large […]]]>

Taking the recent drop for the third day in a row, benchmarks opened lower on Thursday amid lingering worries about inflation and Fed rate hikes. The BSE Sensex lost the psychological bar of 60,000 while the NSE Nifty50 barometer reigned below the 17,900 level. Analysts advised investors to stick to the safety of high-quality large caps in performing sectors such as IT, finance and construction. Meanwhile, the primary issue of AGS Transact sailed.

!1 new updateClick here for the latest updates

Porinju Veliyath, the founder of Equity Intelligence India, was busy revamping his portfolio in the December 2021 quarter as there were potentially up to four companies while he bought new stakes in three others. According to the latest shareholding scheme, Equity Intelligence India’s name was missing from the list of key shareholders of four companies, namely Agro Tech Foods, Eastern Treads, Danlaw Technologies India and IRIS Business Services.

Brent crude oil futures turn positive, recouping over $1 in losses earlier in the session

Tejas Networks announced the appointment of N. Ganapathy Subramaniam and Amur S. Lakshminarayanan as appointed directors of Panatone Finvest Limited, a subsidiary of Tata Sons Private Limited.

Price as of Jan 20, 2022 11:47, Click on company names for their live prices.

Sensex loses 600 points

Sensex loses 600 points

Nifty IT worst sector loser, down more than 1%

Nifty IT worst sector loser, down more than 1%

IPO UPDATE: AGS Transact IPO Hits Day 2

IPO UPDATE: AGS Transact IPO Hits Day 2

TATA STEEL LONG PRODUCTS: Q3 EARNINGS AND DEAL UPDATE

  • The long-term issuer rating of Tata Steel Long Products has been upgraded by India Ratings and Research to ‘IND AA+’ with a stable outlook.

  • At the end of December 2021, one of the blast furnaces at the Adityapur facilities started experiencing operational issues and after a detailed technical and expert assessment, the company decided to immediately shut down the blast furnace for the next 2-3 weeks . Following the judgment, the Q4 FY2022 production volume will be approximately 15-20% lower.
TATA STEEL LONG PRODUCTS: Q3 EARNINGS AND DEAL UPDATE

Fed to raise rates three times this year, poll shows

The U.S. Federal Reserve will tighten monetary policy at a much faster pace than thought a month ago to rein in persistently high inflation, now seen by economists polled by Reuters as the biggest threat to the U.S. economy over the coming year. Encouraged by the apparent lesser severity of the Omicron variant, governments and central banks around the world are trying to return their economies to some version of normalcy. Fed Chairman Jerome Powell recently said he sees an economy that “works through these waves of COVID-19.”

JUST IN: Transformers and Rectifiers (India) received orders of Rs 73 crores from MP Power Transmission Package – II Limited

JUST IN: Transformers and Rectifiers (India) received orders of Rs 73 crores from MP Power Transmission Package - II Limited

Glenmark Pharmaceuticals Ltd announced on Thursday that its Swiss subsidiary has entered into an exclusive licensing agreement with Lotus International Pte Ltd for the commercialization of its innovative Ryaltris nasal spray in Singapore, Hong Kong and Vietnam.

Price as of Jan 20, 2022 10:32, Click on company names for their live prices.

Zydus Receives Final USFDA Approval for Vigabatrin Tablets

Price as of Jan 20, 2022 10:30 a.m., Click on company names for their live prices.

Sensex extends decline, down nearly 350 points

Sensex extends decline, down nearly 350 points

PTC India Financial Services plunges 19%; here’s why

Shares of PTC India Financial Services fell more than 19% in first trades on Thursday after the company’s three independent directors resigned. In an unusual development, all three independent directors on the board of PTC India Financial Services (PFS) resigned on Wednesday over corporate governance and other matters.

YES Sec keeps BUY on CEAT post revenue

CEAT 3QFY22 was operationally weak largely due to weak demand and declining gross margins. However, CEAT is playing on healthy replacement/OE prospects going forward as the supply chain normalizes, timely addition of capacity and focus on market share gains in margin segments high like 2W, PCR and OHT (~60% mix over next 4-5 years) . CEAT is trading at ~13.1x consol FY23 EPS. We have a buy rating on the stock with TP at Rs1,465.

There is a distinct downtrend in the US parent market. The Nasdaq is down 10.7% from its November 2021 highs and Russel 2000 is at a 52-week low. This does not necessarily have to translate to a similar trend in India as well. But investors should be cautious as rising global inflation and expected monetary tightening will be major headwinds for markets at least in the first half of 2022. The picture could change in the second half if supply disruptions unfold. subside and inflation falls. Meanwhile, investors can stick with the safety of high-quality, large-cap stocks in well-performing sectors like IT, finance and construction. Many low-quality small caps driven by speculation are headed for disaster.

– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Impact on profits

Price as of Jan 20, 2022 09:22, Click on company names for their live prices.

The most active shares on NSE in opening

Price as of Jan 20, 2022 09:21, Click on company names for their live prices.

Sector watch: IT, pharma the worst losers

Sector watch: IT, pharma the worst losers

OPENING BELL: Sensex drops 200 points, Nifty below 17,900; Mastek dips 10%, CEAT 5%

OPENING BELL: Sensex drops 200 points, Nifty below 17,900;  Mastek dips 10%, CEAT 5%

Pre-open session: Sensex declines 190 points, Nifty below 17,900

SGX Nifty reports a negative start

Nifty futures on the Singapore Stock Exchange traded 73.50 points, or 0.41%, at 17,904, signaling Dalal Street was heading for a negative start on Thursday.

Tech View: Nifty50 Bears Take Over

After forming a bearish engulfing candle in the previous session, Nifty50 formed a “Bearish Belt Hold” on the daily chart on Wednesday, reflecting early selling pressure. The bears appear to have taken over, analysts said. During the day, the index crossed the 10-day exponential moving average (EMA) for the first time since December. Also, two consecutive significant red candles on the daily chart indicate weakness.

Hong Kong shares at the opening

Hong Kong stocks started Thursday morning with gains as tech companies benefited from more buying, having endured a torrid 2021, although investor confidence was dampened by lingering worries over the prospect of a rise in US interest rates. The Hang Seng Index added 0.56%, or 135.30 points, to 24,263.15. The Shanghai Composite Index fell 0.05%, or 1.95 points, to 3,556.23.

Japan stocks open lower in mixed trade

Tokyo’s key Nikkei index opened slightly lower on Thursday after falling nearly 3% in the previous session, but with some support from bargain-seeking buying. The benchmark Nikkei 225 index fell 0.16% or 42.90 points to 27,424.33 in early trading, while the broader Topix index gained 0.11% or 2.18 points to 1 921.90.

Dollar index pauses as rally in bond yields stalls

Rising commodity prices supported the Canadian and Australian dollars on Thursday, while a pause in this week’s rally in US Treasury yields meant the dollar was also marking time. Yields on the 10-year U.S. benchmark note hit a two-year high of 1.902% early Wednesday before pausing, and were last at 1.8611% overall, leaving the dollar index which measures the greenback against six major peers at 95.506.

Wall St extends losses as investors brace for rate hikes

Stocks closed broadly lower on Wall Street on Wednesday and deepened losses for major indexes this year after another choppy day of trading. The tech-heavy Nasdaq fell 166.64, or 1.1%, to 14,340.26 and is now 10.7% below the all-time high it hit on November 19. The S&P 500 fell 44.35 points, or 1%, to 4,532.76, with 77% of stocks in the benchmark losing ground. The Dow Jones Industrial Average fell 339.82, or 1%, to 35,028.65.

Rupee posts first gain in four days, up 14 paise against dollar

The Indian rupee ended its three-day losing streak to settle at 74.44 against the US dollar on Wednesday, up 14 paise, in line with its positive Asian counterparts against the greenback. The rupiah’s gain, however, was limited by a host of factors, including weakness in domestic equities, soaring crude oil prices and FII-backed selling in domestic markets. sses and witnessed an intraday high of 74.32.

Sensex, Nifty on Wednesday

The ESB Sensex gauge fell more than 656 points and the NSE Nifty fell below 18,000 points on Wednesday as the global market rout cast a shadow over domestic stocks. Starting on a positive note, the BSE benchmark gave up early gains and briefly slipped below the 60,000 psychological barrier before closing at 60,098.82, falling 656.04 points or 1, 08% – its lowest level since January 7.

Hello, dear reader! Here’s something to start your trading day

Hello, dear reader!  Here's something to start your trading day
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Penn State wins $3.4 million contract to target plastic waste https://www.ameritas.co.uk/penn-state-wins-3-4-million-contract-to-target-plastic-waste/ Mon, 17 Jan 2022 20:46:43 +0000 https://www.ameritas.co.uk/penn-state-wins-3-4-million-contract-to-target-plastic-waste/ UNIVERSITY PARK, Pennsylvania — Penn State has won a $3.4 million contract from the REMADE Institute, a public-private partnership established by the United States Department of Energy, to fund research targeting inefficient methods currently used to process and recycle mixed plastic waste. The project is one of 22 projects recently funded by REMADE. The project […]]]>

UNIVERSITY PARK, Pennsylvania — Penn State has won a $3.4 million contract from the REMADE Institute, a public-private partnership established by the United States Department of Energy, to fund research targeting inefficient methods currently used to process and recycle mixed plastic waste. The project is one of 22 projects recently funded by REMADE. The project will receive $1.7 million in federal funds and an additional $1.7 million in cost-sharing by project partners.

A global analysis of all mass-produced plastics revealed that a total of 8.3 billion metric tons of virgin plastics are estimated to be generated worldwide to date. In 2015, 79% of plastic waste, which contains many dangerous chemicals, accumulates in landfills or natural environments, of which about 12% is incinerated and only 9% is recycled.

Upcycling is a recycling process in which the resulting product has a higher value than the original item that was thrown away. The research team led by Hilal Ezgi Toraman, assistant professor of energy engineering and chemical engineering, is developing a flexible two-step chemical recycling process that breaks down multiple types of plastic and then converts them into valuable chemicals that can be used to create new products.

With funding “Chemical Recycling of Mixed PET/Polyolefin Streams by Sequential Pyrolysis and Catalytic Enhancement”, the interdisciplinary team will simultaneously assess the financial and environmental viability of introducing the proposed process from laboratory to industrial scale based on integrated techno-economic technology. life cycle analysis and assessment tools.

“Current business processes operate below the scale needed or only apply to single plastic types, not mixed plastics,” said Toraman, who also holds the Virginia S. and Philip L Fellowship. Walker Jr. of the College of Earth and Mineral Sciences. . “When you consider the amount of plastic, developing a process that minimizes the steps required for commercial implementation by accepting mixed and dynamic plastic inputs – there is immense potential to significantly affect the economy and the ‘environment of the United States.’

The first step in the development of the new recycling process relies on a better mechanistic understanding of how dynamic mixtures of plastic waste break down and interact in chemical recycling processes. Building on previous work by Toraman, the decomposition of plastic waste will be triggered by high temperatures in micro-pyrolysis facilities. The study focuses on two of the most common plastics, polypropylene (PP) and polyethylene terephthalate (PET) found in multi-layer packaging, carpet residue and films.

In the proposed two-step process, the second step is to convert the pyrolysis products of the PET, PP mixture using low-cost stable catalysts into valuable chemicals such as benzene, toluene, xylene and olefins .

Toraman noted that several plastic recycling approaches for mixed plastics have failed due to the inability to handle compositional complexity. However, the team’s modular approach will aim to provide the flexibility needed to be successful and can even be optimized through kinetic reaction models and simulations.

“This two-step process has the potential to revolutionize plastic recycling,” Toraman said. “System designs can then be adapted to a wide range of plastic waste streams, and predictive design decisions can be implemented to reduce energy demand and greenhouse gas emissions.”

REMADE has awarded a total of approximately $32.6 million in new technology research to 22 projects, starting with its fourth request for proposals aimed at accelerating the nation’s transition from the current linear “make-consume” economy. -throw” to a more sustainable circular economy. economy based on reuse, recycling, upcycle.

“Our mission is to reduce energy consumption and emissions, while increasing the competitiveness of manufacturing in the United States,” said Nabil Nasr, CEO of REMADE.

Toraman hopes this research will overcome the critical barrier of labor-intensive sorting and handling practices and advance the environmental responsibility mission of the John and Willie family’s Department of Energy and Mineral Engineering. Leone in the recovery, treatment and use of earth’s resources.

REMADE was created by the U.S. Department of Energy in 2017 with member organizations from industry, universities, national laboratories, trade associations, and nonprofit entities to accelerate the United States’ transition to a circular economy.

Other team members include Penn State professors: Konstantinos Alexopoulos, assistant professor of chemical engineering; Michael Janik, associate dean of the department and professor of chemical engineering; Prasenjit Mitra, Associate Dean and Professor of Information Science and Technology; Robert Rioux, Friedrich G. Helfferich Professor of Chemical Engineering; and Rui Shi, assistant professor of chemical engineering. From Northwestern University, Linda Broadbelt, associate dean and professor of chemical and biological engineering is also on the team.

Other contributors to this project include Siemans Process Systems Enterprises and Shaw Industries Group Inc.

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A new business model https://www.ameritas.co.uk/a-new-business-model/ Sun, 16 Jan 2022 01:00:00 +0000 https://www.ameritas.co.uk/a-new-business-model/ The Covid-19 pandemic has posed unprecedented challenges to Pakistan’s economy and exposed the vulnerabilities of Pakistan’s current brick-and-mortar growth model. The fifth wave induced by Omicron began with an exponential increase in positive cases of 3.16% over the past few days. The pandemic has revealed the resilience of the current growth model and raised questions […]]]>

The Covid-19 pandemic has posed unprecedented challenges to Pakistan’s economy and exposed the vulnerabilities of Pakistan’s current brick-and-mortar growth model. The fifth wave induced by Omicron began with an exponential increase in positive cases of 3.16% over the past few days.

The pandemic has revealed the resilience of the current growth model and raised questions about its long-term sustainability. Estimates indicate that the pandemic reduced economic growth in 2020 to an annualized rate of around -0.4%, mainly due to a contraction in services and industrial sectors in Pakistan.

The slowing of the economic wheel due to the pandemics, coupled with double-digit inflation due to the deflation of the rupee, has plunged millions of people into temporary poverty and caused a significant increase in unemployment. Economic recovery from the virus-induced economic recession would remain uncertain in the coming years due to the uncertainty of pandemic resurgences.

The world was changing, whether in production models, technologies, labor skills, etc. – and the Covid-19 pandemic has acted as a catalyst to accelerate this process of change. The current economic model has failed to meet people’s needs in a pandemic-like scenario. The pandemic, on the one hand, has exposed the flaws in the economic system to meet the changing needs of society. And on the other hand, it offered the opportunity to reinvent an inclusive and human-centered “New Economic Model (NEM)” to promote inclusive development.

Due to the unprecedented shifts in the value chain of production and people’s economic needs, post-Covid economic recovery efforts cannot rely solely on the existing development model. We need an NMS to overcome economic challenges and help the economy show high and sustained growth. Just as when the laissez-faire economic model failed, it was replaced by the Keynesian model which offered an alternative development model.

However, a broad discussion is needed to develop this NEM. As a starting point, the Pakistan Institute of Development Economics (PIDE) presented a reform agenda for accelerated and sustained growth, namely “Reforms for Accelerated Prosperity and Inclusive Development (RAPID)”. PIDE estimates suggest the country needs to grow at a rate of 7-9% per year for a sustained three-decade period. The NEM should be able to utilize the diverse capacities of our working age population in building inclusive, equitable and sustainable societies.

According to RAPID, deep structural reforms in almost all areas influencing growth are necessary to achieve a high and sustainable growth trajectory. RAPID highlights a transition from a hardware-led development model to a software-led development model for inclusive development. RAPID recognizes that investment and entrepreneurial activity cannot occur in markets without the enabling and facilitating role of government. In the NEM, the role of technology and government is super essential in overcoming the crisis and preparing the country for a post-Covid competition. Building on RAPID, there are six possible paths to reinventing the business model of a post-Covid world.

Transition from physical to virtual economy: Pakistan needs to develop technology-based infrastructure to enable a contactless physical economy. In the future, it is envisioned that daily activities will be conducted with limited physical interactions, supported by technologies such as cloud computing, artificial intelligence (AI) and robotics. The virtual economy reduces transaction costs by enabling working from home, matching buyer and seller preferences at low cost and with wider coverage, and making online shopping possible. PIDE promoted the “Internet for All” program to give all citizens equal opportunities to reap these potential benefits of technologies.

Changing industry demand and structure: Covid-19 has significantly changed the demand for goods and services. The pandemic has caused a shift in consumer preferences and shifted them towards digital and health-conscious. These changes are driving a change in the way industries are structured. During the pandemic, it is evident that the evolution of the global supply has shifted from providing physical goods to more technology-based services. People are becoming more health conscious and buying health related products and services. Demand for services requiring face-to-face interaction, such as hotels, restaurants and retail, has contracted significantly, while companies that provide on-demand home delivery services have seen an increase drastic demand.

Need for better coordination of federal, provincial and local governments: The pandemic means that there is a need for local governments to be empowered to deliver public services optimally. In addition, well-coordinated efforts are needed to address national-level challenges such as Covid-19.

Expanding the social safety net: Covid-19 signifies the importance of a safety net to protect individuals and the economy during economic and health crises. The government should expand social protection initiatives to protect the economy and the health of the poor by providing direct income support and health insurance at the individual level. At the economic level, the government should continue to develop market-friendly policies and enterprises, enabling the environment to provide equal opportunities for all to develop their businesses. As mentioned earlier, the digital economy is the future of growth. The government should support e-businesses by providing low-cost digital infrastructure, including the Internet.

The transition from import dependence to self-sufficiency: The Covid-19 pandemic has made clear the need for Pakistan to diversify its local production base, strengthen a localized supply chain and reduce its dependence on imports .

Rethinking cities: It is equally important to revisit the urban development model to promote a remote working model. Cities are seen as the engine of economic growth. Cities that encourage economic activity are dense, high-rise, mixed-use and inclusive. RAPID recommends rethinking the regulatory environment surrounding city zoning, building regulations, car use, public spaces, among others, to free up these cities that facilitate economic activity. Given the ongoing economic recession and the changing world, Pakistan has an opportunity to review its economic model. The NEM provides a starting point for rethinking development priorities and future needs.

The authors teach at the Pakistan Institute of Development Economics, Islamabad.

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Stocks slide, bonds stabilize after inflationary palpitations https://www.ameritas.co.uk/stocks-slide-bonds-stabilize-after-inflationary-palpitations/ Thu, 13 Jan 2022 21:48:00 +0000 https://www.ameritas.co.uk/stocks-slide-bonds-stabilize-after-inflationary-palpitations/ Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register A stream of Fed remarks clearly heralds a US rate hike in sight U.S. stocks add to late-trading losses Chinese lending data boosts expectations for […]]]>

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2022. REUTERS/Brendan McDermid

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  • A stream of Fed remarks clearly heralds a US rate hike in sight
  • U.S. stocks add to late-trading losses
  • Chinese lending data boosts expectations for policy easing
  • Dollar struggles near two-month low

NEW YORK, Jan 13 (Reuters) – Jittery global stock markets fell on Thursday as the dollar tumbled, after a drumbeat of hawkish remarks from Federal Reserve officials made it clear that interest rates Americans could rise as early as March, ending ultra-easy monetary conditions.

Fed Governor Lael Brainard has become the latest and longest serving US central banker to signal that rates will rise in March to fight inflation, saying the Fed “has planned several rate hikes over the course of the year. ‘year”. Read more

Indeed, data released Thursday that indicated a rapid tightening of U.S. labor market conditions foreshadowed supply bottlenecks and lingering inflationary pressures that could arise, further unsettling investors already wary of rising prices. impending rates. Read more

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The MSCI gauge of stocks around the world (.MIWD00000PUS) had lost 0.92% as stocks in Europe and the United States slipped into the red.

After spending much of the day in modest declines, US stocks widened their losses towards the end of the session. The S&P 500 (.SPX) lost 1.4%, the Nasdaq Composite (.IXIC) fell 2.5% and the Dow Jones Industrial Average (.DJI) lost 0.5%.

The pan-European STOXX 600 index (.STOXX) ended flat as losses in defensive stocks were offset by gains in automakers and technology stocks on hopes of improving semiconductor supply.

“We don’t think returns for many financial assets will be as good in 2022 as they were in 2021,” said John Higgins, chief market economist at Capital Economics.

“For starters, we see a sell-off in government bonds in most places, reflecting the outlook for monetary policy. And, in general, we expect disappointing performance in equities, including in the United States and China. “

Data released on Wednesday had shown that consumer price inflation in the United States rose 7% on an annual basis in December, the highest since 1982. While the report was widely expected, it left investors almost certain that US rates would rise in March. Read more

“We think the inflation story will stick around for quite a while,” said Eric Theoret, global macro strategist at Manulife Asset Management.

“We’ve had a tremendous acceleration in Fed tightening,” he added. Theoret pointed out that when the US central bank raised interest rates in 2015, it waited two years before shrinking its balance sheet, while this time it could start by the end of the year.

“The challenge from here is how the global economy responds to this normalization.”

In bond markets, where borrowing costs have accelerated to keep up with expectations of rate hikes this year, 10-year US Treasury yields fell slightly to 1.7006%, although analysts say they are almost certain to climb higher this year amid rising rates. Germany’s 10-year yield hovered near -0.086% after approaching positive yield territory for the first time since May 2019.

European Central Bank Vice President Luis de Guindos was the latest to warn that the current surge in inflation was not going to be as transitory as initially expected. Swiss high-end toiletries giant Geberit (GEBN.S) had also seen its shares tumble, warning it was now impossible to predict when commodity prices will rise this year.

It’s a busy time for bond issuance as countries and companies look to beat rising rates. Italy was due to sell up to 7 billion euros in bonds at three and seven years later, and Ireland was considering a windfall sale. The week is also expected to be a record high for emerging market corporate debt sales, with nearly 30 sales.

“That’s a record in my time,” said Omotunde Lawal, head of emerging markets corporate debt at Barings. “Most people are overwhelmed, but you can see why with up to four Fed hikes now factored in.”

global banks

Doldrums in dollars

In currency markets, the dollar continued to slide to a two-month low against a basket of currencies, with the dollar index falling 0.139% to 94.873.

The Euro was a big beneficiary of the move and held steady at $1.14530, up 0.1% on the day, while the British Pound and Yen also extended their recent gains. /FRX

The pound is up more than 4% from December lows and traders have so far shrugged off a political crisis shrouding Prime Minister Boris Johnson, who on Wednesday apologized for attending a party in his official Downing Street residence in May 2020 during a coronavirus lockdown. Read more

New Zealand’s central bank also began raising rates and the New Zealand dollar climbed 0.2% to $0.68625, the highest in nearly two months.

“The (US) dollar doesn’t have to rise because the Fed is preparing for a tightening cycle,” said Commonwealth Bank of Australia strategist Joe Capurso.

“It’s not a simple equation between Fed hikes and dollar hikes. The dollar is a countercyclical currency that declines as the global economy recovers.”

In Asia, Chinese blue chips (.CSI300) fell 1.6% after data showing mainland bank lending fell more than expected in December, sinking the real estate and financial sectors. consumption.

MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) held steady after posting its biggest daily gain in a month on Wednesday. The Japanese Nikkei (.N225) lost nearly 1% after jumping nearly 2% a day earlier.

Oil prices also fell in commodity markets, a day after hitting their highest level in nearly two months.

U.S. crude fell 1.36% to $81.52 a barrel and Brent to $83.86, down 0.96% on the day.

A weaker dollar did not support bullion prices, which were instead weighed down by the prospect of higher rates. Spot gold fell 0.2% to $1,822.08 an ounce. US gold futures fell 0.65% to $1,821.20 an ounce.

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Additional reporting by Tommy Wilkes in London and Andrew Galbraith in Shanghai; Editing by Tomasz Janowski, Toby Chopra, Jonathan Oatis and Alexandra Hudson

Our standards: The Thomson Reuters Trust Principles.

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Americans quitting their jobs a sign of ‘big upgrade’, official says https://www.ameritas.co.uk/americans-quitting-their-jobs-a-sign-of-big-upgrade-official-says/ Tue, 11 Jan 2022 17:57:00 +0000 https://www.ameritas.co.uk/americans-quitting-their-jobs-a-sign-of-big-upgrade-official-says/ The record number of Americans leaving their jobs is a sign of a “big upgrade” for workers in search of better wages, a member of the National Economic Council of the White House argued this week. Deputy Director of the National Economic Council, Bharat Ramamurti, made the claim as the Biden administration faces scrutiny from […]]]>

The record number of Americans leaving their jobs is a sign of a “big upgrade” for workers in search of better wages, a member of the National Economic Council of the White House argued this week.

Deputy Director of the National Economic Council, Bharat Ramamurti, made the claim as the Biden administration faces scrutiny from soaring inflation and a mixed report on jobs in December.

“Workers are quitting to take new, better paying jobs. It’s not the Great Resignation, it’s the Great Improvement. And that’s exactly the kind of economy @POTUS said he wanted to help build, ”Ramamurti tweeted on Monday.

The economist shared a graph from the Economic Policy Institute which showed that low-wage sectors of the economy have the highest “quit rates”.

A record 4.5 million Americans left their jobs in November, while employers posted 10.6 million job vacancies, according to data from the Bureau of Labor Statistics. The “quit rate”, or quits as a percentage of the workforce, was 3%, peaking in September.

While data on quits suggests workers are gaining influence in the labor market, the December jobs report was mixed.

The US economy only created 199,000 jobs in December, well below the 422,000 jobs expected by analysts. At the same time, the unemployment rate fell to 3.9%, close to what the Federal Reserve considers full employment.

The deputy director of the National Economic Council, Bharat Ramamurti, shed a positive light on the recent data on resignations.
MANDEL NGAN / AFP via Getty Images

Meanwhile, Republicans have focused on surging inflation, which is expected to reach four-decade highs when December data for the Consumer Price Index is released on Wednesday. GOP lawmakers argue that inflation has effectively erased wage gains for most Americans.

Biden presented the jobs report as a sign that his economic plan is working.

“There has been a lot of media coverage about people leaving their jobs,” Biden said at a press conference. “Well, today’s report tells you why: Americans are moving into better jobs, with better wages, with better benefits. That’s why they quit their jobs.

help sign wanted jobs
A record 4.5 million Americans left their jobs in November, while employers posted 10.6 million job vacancies.
EPA / TANNEN MAURY

“These are not workers who walk away and refuse to work. These are workers capable of taking a step forward to meet their needs and those of their families, ”he added.

The president also hit back at Republicans, calling claims he was not focusing on inflation “malarkeys.”

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Singapore to rewrite one of the world’s best performing business models https://www.ameritas.co.uk/singapore-to-rewrite-one-of-the-worlds-best-performing-business-models/ Sun, 09 Jan 2022 11:02:07 +0000 https://www.ameritas.co.uk/singapore-to-rewrite-one-of-the-worlds-best-performing-business-models/ The triple shock of the pandemic, disruptive technology and climate change is pushing Singapore to rewrite one of the world’s most successful business models. Over the past two years, at least eight state-linked companies have announced major mergers, acquisitions, asset divestitures or privatizations as part of the island’s biggest industrial overhaul in two decades. Oil […]]]>

The triple shock of the pandemic, disruptive technology and climate change is pushing Singapore to rewrite one of the world’s most successful business models.

Over the past two years, at least eight state-linked companies have announced major mergers, acquisitions, asset divestitures or privatizations as part of the island’s biggest industrial overhaul in two decades. Oil rig builder Keppel Corp. turned to clean energy, while Sembcorp Industries Ltd. has completely abandoned its platform business. Singapore Telecommunications Ltd. enters the world of digital banking.

“I compare this to the restructuring phase of Singapore’s conglomerates in the early 2000s” following the SARS virus and the dot-com crash, said Kenneth Tang, portfolio manager at Nikko Asset Management Co. “This were very dark times for Singapore, but they have become a catalyst for change.

The Singapore government has for decades organized the nation’s economic future through a group of state-owned champions, changing direction as necessary to remain relevant in the global economy. But the latest rewrite of the nation’s industrial playbook can prove to be more difficult as giant companies face competitors who are often newer and more nimble.

The government has injected billions in recent years into transforming 23 sectors, including manufacturing, financial services and real estate, to meet the challenges of digitization. At the same time, Singapore created a 2030 roadmap to become a regional hub for carbon trading and green finance.

It has also set aside around S $ 25 billion ($ 18.4 billion) until 2025 for research in areas such as health and biomedical sciences, climate change and artificial intelligence. And a series of industry-led groups have been set up to explore opportunities in areas such as robotics, e-commerce and supply chain digitization, with government support.

For Keppel, Sembcorp Industries and Sembcorp Marine Ltd., the changing global economy means trying to cut or merge oil-related companies and focus on renewables such as offshore wind and hydrogen.

This is a major change for one of the world’s major petroleum trading and refining cities, especially at a time when the price of fuel is on the rise. Singapore has an oil refining capacity of 1.5 million barrels per day, according to the United States International Trade Administration website. It is the fifth largest refinery and export hub in the world, according to the US Energy Information Administration.

While Keppel focuses more on renewable energies, it is also expanding its liquefied natural gas business. It is in talks to merge its platform construction operations with its smaller rival Sembcorp Marine. Sembcorp Marine has also turned to clean energy in recent years, while still working on fossil fuel projects.

“They are trying to build a new train while keeping the oil train going,” said Mak Yuen Teen, associate professor of accounting at the National University of Singapore.

Sembcorp Industries has worked on solar and wind power projects in India, China and the UK, but still derives the majority of its revenue from the sale of energy from conventional sources such as coal and gas. natural.

Singapore’s oil refining industry is not going to go away, however, in part because many petroleum by-products are still ubiquitous, used in everything from toothpaste to synthetic fibers.

The refiners “basically say that we still need all of these things in our daily life, but how can we make the production of the by-product more energy efficient,” said Song Seng Wun, economist at CIMB Private Banking. Singapore’s biggest renewable energy exports are likely to be goods such as semiconductors and services for companies seeking energy efficiency, he said.

The government is also promoting environmentally friendly services in areas such as agritech and waste management.

Meanwhile, Singapore is one of the first countries to set up a carbon offsets trading platform backed by a national stock exchange. But it faces competition from CME Group Inc., which introduced the exchange of carbon offsets futures contracts last year.

One of the major changes the city-state is making to transform its economy is in finance – opening up banking services to digital entrants.

Telecommunications company Singtel was among the four winners of digital banking licenses in December 2020, in partnership with transportation and food delivery giant Grab Holdings Inc. The country’s three conventional banks, including Temasek Holdings Pte., DBS Group Holdings Ltd., are also embracing virtual services.

The companies “are all going in the right direction, but let’s see if they can make the money and how they face different competitive environments,” said Hugh Young, senior fund manager of abrdn Plc. “For Singtel, in the banking sector, the Revoluts” will be the main competitors, he said, referring to the growing fintech company co-founded by former trader Nikolay Storonsky in 2015.

To be sure, some of the companies themselves recognize that the process of change will be gradual, with Keppel predicting that it will take two or three years to restructure its offshore and maritime businesses.

Investors, too, are adopting a wait-and-see attitude, said Benjamin Goh, head of research at the Securities Investors Association Singapore. So far, restructuring has had a mixed impact on corporate market performance, although clean energy and technology have been buzzwords in recent years. It also failed to stimulate the entire market.

The Straits Times Index has fallen 3.1% in the past two years compared to a 34% increase in a measure of global equities. Singapore’s gauge is trading at around 13 times estimated earnings, compared to around 18 times its global counterpart.

“The strategic changes we are seeing since digitization, reducing emissions and moving to sustainable business models would require long leads,” said Thilan Wickramasinghe, analyst at Maybank Kim Eng Securities Pte.

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Shares fall after mixed employment report in December https://www.ameritas.co.uk/shares-fall-after-mixed-employment-report-in-december/ Fri, 07 Jan 2022 14:35:17 +0000 https://www.ameritas.co.uk/shares-fall-after-mixed-employment-report-in-december/ Stocks edged lower on Friday morning as investors digested a key report on the recovery in the US labor market at the end of a volatile week. The S&P 500, the Dow and the Nasdaq fell. Investors reflected on the Labor Department’s December employment report released Friday morning, providing an update on the extent to […]]]>

Stocks edged lower on Friday morning as investors digested a key report on the recovery in the US labor market at the end of a volatile week. The S&P 500, the Dow and the Nasdaq fell.

Investors reflected on the Labor Department’s December employment report released Friday morning, providing an update on the extent to which labor shortages were still impacting the economy at the end of Last year. A disappointing 199,000 jobs returned in December, slowing unexpectedly from the previous month. Other measures, however, were more optimistic, as the unemployment rate improved to a new low of 3.9% during a pandemic and the labor force participation rate stabilized after a decline. upward revision in November. Still, many economists have warned that a more recent hit in the labor market from the surge in Omicron cases may not yet have been. included in the December report.

As that print neared, US stocks have come under pressure over the past two sessions as investors reassess the Federal Reserve’s likely next steps. As policymakers watch closely for signs the economy has peaked at jobs, the jobs report could provide additional fodder for the Fed to double its more hawkish tilt, some experts have said.

“It’s a green light for March,” wrote Neil Dutta, head of the US economy at Renaissance Macro Research on Friday morning, referring to the timing of a first Fed rate hike. “U3 unemployment rate plunged 0.3ppt [percentage points] at 3.9%, 0.4 ppt below the Fed’s estimate for the fourth quarter of 2021 and just 0.4 ppt above the Fed’s estimate for the end of 2022. The Average hourly wages are maintained because the rate of participation in the labor market remains stable. ”

The minutes of the December Fed meeting released earlier this week suggested that some officials were inclined to accelerate the reduction of their asset purchases and to push back the timing of a first interest rate hike relative to current levels close to zero. And in a development surprising to many market participants, some officials have also suggested that they plan to start reducing the nearly $ 9 trillion in assets on the central bank’s balance sheet. Such a move would quickly move markets away from the accommodative monetary policy environment that helped support risky assets during the pandemic.

“The way I see it is very simple: The Fed has delivered a wonderful year for the markets in 2021, at the cost of a much more complicated outlook in 2022”, Mohamed El-Erian, president of Queens’ College at the University of Cambridge and Head of Allianz. Economic advisor, told Yahoo Finance Live on Thursday. “And this complicated outlook is for politics, for the economy, and therefore is a more uncertain outlook for the markets.”

“It’s still a very robust economy,” he added. “If we avoid a policy error – great if. But if we avoid a political mistake, this economy has all the ingredients to continue to grow and grow in a more inclusive manner. But we need help with labor market participation and productivity. We need help on the supply side.

And despite this week’s volatility, some pundits have taken a bullish tone about future short-term catalysts for the market.

“In the United States, we are hoping for profits for the fourth quarter. We think [they] should be good enough, ”Rob Haworth, senior investment strategist at US Bank Wealth Management, told Yahoo Finance Live on Thursday. “That said, the market needs to adjust to what is surprising in terms of the Federal Reserve’s aggressiveness in handling the economy around inflation.”

9:31 am ET: Stocks open lower after jobs report

Here are the markets that were trading right after the opening bell on Friday morning:

  • S&P 500 (^ GSPC): -3.36 (-0.07%) to 4,692.69

  • Dow (^ DJI): -84.89 (-0.23%) to 36,151.58

  • Nasdaq (^ IXIC): -15.78 (-0.14%) to 15,059.67

  • Raw (CL = F): $ -0.02 (-0.03%) to $ 79.44 per barrel

  • Gold (CG = F): + $ 3.90 (+ 0.22%) to $ 1,793.10 per ounce

  • 10-year cash flow (^ TNX): +1.7 bps for a yield of 1.75%

7:18 a.m. ET Friday: Stock futures extend gains

Here’s where the markets were trading ahead of the opening bell on Friday morning:

  • S&P 500 Futures Contracts (ES = F): +7.25 points (+0.15%), at 4,694.75

  • Dow Futures (YM = F): +3 points (+ 0.01%), at 36,126.00

  • Nasdaq Futures (NQ = F): +45.50 points (+ 0.3%) to 15,805.5

  • Raw (CL = F): + $ 0.51 (+ 0.64%) to $ 79.97 per barrel

  • Gold (CG = F): + $ 2.80 (+ 0.16%) to $ 1,792.00 per ounce

  • 10-year cash flow (^ TNX): -0.6 bps for a yield of 1.727%

6:31 p.m. ET Thursday: Stock futures drift ahead of jobs report

Here are the main market movements during the night session:

  • S&P 500 Futures Contracts (ES = F): +9.5 points (+ 0.2%), at 4,697.00

  • Dow Futures (YM = F): +57 points (+ 0.16%), at 36,180.00

  • Nasdaq Futures (NQ = F): +45.25 points (+ 0.29%) at 15,804.25

Photo by: NDZ / STAR MAX / IPx 2021 12/30/21 People walk past the New York Stock Exchange (NYSE) on Wall Street on December 30, 2021 in New York City.

Emily McCormick is a reporter for Yahoo Finance. Follow her on twitter

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Freefalling tech stocks weigh on S&P 500 even as Dow wins https://www.ameritas.co.uk/freefalling-tech-stocks-weigh-on-sp-500-even-as-dow-wins/ Tue, 04 Jan 2022 17:40:33 +0000 https://www.ameritas.co.uk/freefalling-tech-stocks-weigh-on-sp-500-even-as-dow-wins/ A drop in tech stocks left the S&P 500 down slightly on Wall Street on Tuesday, even as the Dow Jones Industrial Average marked another all-time high. The S&P 500 slipped 0.1%, while the highly technical Nasdaq composite fell 1.3% after a choppy trading day. The Dow Jones rose 0.6%, in part due to strong […]]]>

A drop in tech stocks left the S&P 500 down slightly on Wall Street on Tuesday, even as the Dow Jones Industrial Average marked another all-time high.

The S&P 500 slipped 0.1%, while the highly technical Nasdaq composite fell 1.3% after a choppy trading day. The Dow Jones rose 0.6%, in part due to strong gains from Caterpillar and JPMorgan Chase, which rose 5.4% and 3.8% respectively.

Banks were among the biggest winners as bond yields rose, pushing the 10-year Treasury yield to 1.65% from 1.63% on Monday night. The yield was 1.51% on Friday. When investors sell bonds, their prices go down and their yields go up.

Over 65% of S&P 500 stocks rose. Still, the fall in tech stocks, which are the most weighted sector in the benchmark, left the S&P 500 in the red. Microsoft fell 1.7%, Apple slipped 1.3%, and chipmaker Nvidia fell 2.8%.

“Interest rate sensitive sectors are on the rise and these long-term growth sectors are on the decline today; this is not surprising, given the two-day move in the 10-year Treasury,” said Tom Hainlin, National Investment Strategist at US Bank Wealth Management. “You see investors factor in fairly strong growth in inflation expectations going forward, or at least 2022.”

The S&P 500 lost 3.02 points to 4,793.54. The Nasdaq slipped 210.08 points to 15,622.72. The Dow Jones gained 214.59 points to 36,799.65.

Small business stocks lost some ground. The Russell 2000 Index lost 3.68 points, or 0.2%, to 2,268.87.

Stocks got off to a good start to 2022 on Monday, with the S&P 500 and the Dow reaching new highs. A mix of economic data and quarterly corporate earnings reports should give investors a glimpse of the impact of the coronavirus pandemic and the persistent rise in inflation on businesses and consumers.

The job market will be a priority for investors, starting with the Labor Ministry’s employment report for December, which will be released on Friday. On Tuesday, the agency’s monthly survey of job openings and workforce turnover showed that a record 4.5 million American workers left their jobs in November, a sign confidence and further proof that the U.S. labor market is rebounding strongly from last year’s coronavirus recession.

“The markets are going to try to watch throughout the year,” said Brad McMillan, director of investments for Commonwealth Financial Network. “Right now, the markets are cautiously confident.”

OPEC and allied oil-producing countries plan to stick to their roadmap to slowly restore production cuts made at the height of the pandemic, including adding 400,000 barrels per day in February.

Some sectors of the economy are still struggling, especially with supply chain issues. Growth in the manufacturing sector slowed in December to an 11-month low, according to the Institute for Supply Management, a professional group of purchasing managers. The organization will release its December report for the services sector on Thursday.

Investors are also awaiting the minutes of the Federal Reserve’s last policy meeting in December, due for release on Wednesday. The central bank plans to accelerate the withdrawal of its support to the markets and the economy in the face of rising inflation. It will accelerate its withdrawal from bond purchases that have helped keep interest rates low, and investors are watching the Fed closely for any signals on when it will possibly raise its benchmark interest rate.

“The big question is how concerned the Fed is about inflation,” McMillan said. “We’re very close to seeing how the Fed plays out and the minutes will be instructive on that.”

Walgreens, Constellation Brands and Conagra released their latest quarterly results on Thursday.

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Power plants may be required to use thatch in the fuel mixture https://www.ameritas.co.uk/power-plants-may-be-required-to-use-thatch-in-the-fuel-mixture/ Sun, 02 Jan 2022 18:00:03 +0000 https://www.ameritas.co.uk/power-plants-may-be-required-to-use-thatch-in-the-fuel-mixture/ A policy that made it compulsory for coal-fired power projects to use biomass pellets as 5% of their fuel mix and help farmers earn around ??15,000 crores per year could be mentioned in the budget speech of Finance Minister Nirmala Sitharaman, said two government officials familiar with developments. The plan, tentatively named SAMARTH, is part […]]]>

A policy that made it compulsory for coal-fired power projects to use biomass pellets as 5% of their fuel mix and help farmers earn around ??15,000 crores per year could be mentioned in the budget speech of Finance Minister Nirmala Sitharaman, said two government officials familiar with developments.

The plan, tentatively named SAMARTH, is part of the government’s strategy to support India’s energy transition and tackle pollution from the burning of crop stubble by turning them into pellets and facilitating their sale.

The pellets are mixed with charcoal to generate electricity.

With Indian power plants consuming around 700 million tonnes (mt) of coal each year, a 5% mixture will burn approximately 35 mt less coal, helping to reduce carbon emissions. The plan is to encourage farmers to turn crop stubble into pellets rather than burning it. Stubble burning is endemic in Punjab, Haryana, Uttar Pradesh, Delhi, Rajasthan and Madhya Pradesh.

Coal-fired power projects totaling 202.22 gigawatts (GW) remain the mainstay of India’s power generation and account for more than half of India’s power generation capacity. India has the world’s fourth largest reserves and is the second largest producer of coal.

“It has been mandatory that all thermal power plants use a mixture of 5% biomass pellets consisting mainly of agricultural residues and coal from one year from the date of publication of this directive. The obligation will increase to 7% (except for those who have ball mills, the use of biomass remains at 5%) with effect from two years after the date of issue of this decree “, in accordance with the revised October 8 policy for biomass Use for co-combustion power generation in coal-fired power plants.

The percentage of biomass pellets to be used for co-combustion will be reviewed over the 25-year policy or “useful life” of thermal power plants, whichever comes first. In addition, the minimum duration of the contract for the supply of these biomass pellets is seven years.

“The policy has been approved and is part of India’s strategy to reduce the carbon footprint,” one of the two government officials quoted above said, on condition of anonymity.

State-owned NTPC Ltd and Haryana, Punjab and Uttar Pradesh have started sourcing biomass pellets as fuel to generate electricity.

At the COP26 summit in Glasgow in November, Prime Minister Narendra Modi pledged to reduce India’s carbon emissions by one billion tonnes by 2030, reduce the carbon intensity of the country’s economy. countries under 45% by the end of the decade and reach net zero. carbon emissions by 2070.

The commitment also includes meeting 50% of India’s energy needs from renewables by 2030 and increasing the capacity to generate electricity from non-fossil fuels to 500 GW from here the end of this decade.

Questions emailed to spokespersons for the finance and power ministries on Friday afternoon went unanswered until the time of publication.

Of about 750 million tonnes (mt) of biomass available each year in the country, about 230 mt is surplus, including agricultural residues.

The pollution in Delhi caused by the burning of crop stubble in Punjab and Haryana has become an annual flash point between the respective state governments.

The Union government is also considering a series of measures to reduce carbon emissions and intensity, such as an exemption from ??400 cess on every ton of coal used by energy projects meeting emission standards and a program tentatively named Roadmap for a Sustainable and Holistic Approach through National Energy Efficiency, or ROSHNEE, as reported by Mint earlier.

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