Debt | Centre for Science and Environment

Debt


Clouds over solar

India’s solar power policy is now entering round two. And there is much that needs to be reviewed and reworked as the business of solar energy has seen massive turbulence in India as well as globally. In the first phase (2010 to 2013) of the Jawaharlal Nehru National Solar Mission (JNNSM) the target was to set up 1,000-2,000 MW of grid-based solar power in the country. By 2013, the country has indeed commissioned some 1,000 MW of solar power, but 700 MW of this target comes from the non-JNNSM state of Gujarat.

Count the natural debt, too

Now that Europe’s debt crisis is unfolding all around us, shouldn’t we question why the world is determined to live beyond its means and not worry how it sabotages our common future? The debt crisis is a mere symptom of a deeper malaise. The fact is that countries, private companies and individual households can run only if they can borrow against their assets and hope that the debt will grow slower than the value of their asset. Most financial analysts will now tell you that this business is doomed because of the Ponzi scheme nature of the loan business, where borrowing is used to speculate to get more loans and so repayment becomes difficult and over time impossible.

A fish moves west

By: Kaushik Das Gupta

Ten years ago Bangladesh’s rivers were deeper and hilsa plentiful. But silting, dams and pollution pushed the fisher into deep ocean and resulted in shifting of their homebase. The Bangladesh fish wholesaler’s loss became Gujarat’s gain as increasingly hilsa from the Tapti and the Narmada feed the Kolkata market.

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