Editorials/Opinions Analysis For UPSC 19 July 2022
- The Rupee fall: Where it is heading
- Orderly transition from coal to renewables
When the rupee depreciates, buying (importing) something from outside India becomes costlier.
But if one is trying to sell (export) goods and services to the rest of the world (especially the US), a falling rupee makes India’s products more competitive.
Mains GS Paper III: Fiscal policy, Monetary policy, Impact of free fall of the rupee.
Why are countries raising interest rates? What measures has the RBI taken to cushion the fall of the rupee? (250 words)
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- Following the Ukraine-Russia war, commodity prices, particularly energy prices, have risen globally, raising concerns about energy security.
- Additionally, in 2021, India’s thermal power plants had an average of four days’ worth of coal stock against a recommended level of 15-30 days, with a number of states expressing concerns about blackouts due to the coal shortage.
- In addition, for the first time since 2015, Coal India imported the fuel in 2021 for use by state and private power generation companies.
GS Paper – 3– Mineral & Energy Resource, Energy Security, Location & Distribution of the Industries, Distribution of Key Natural Resources
What are the main types of coal in India? Discuss various issues concerning coal mining in India. (150 Words)
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