Global economic leaders warned that the Middle East conflict is straining energy supplies and disproportionately impacting vulnerable economies. Disruptions through the Strait of Hormuz are raising concerns over fuel security and market conditions, especially with rising summer demand. The institutions are discussing responses to the war’s economic fallout.
India’s power sector is set for massive growth. An investment of $450 billion is projected by 2032. The nation has moved beyond power shortages to a surplus regime. This transition will boost electricity generation, transmission, distribution, and energy storage. The focus is on long-term growth, grid resilience, and clean energy integration. This marks a significant…
India’s move into nuclear power generation is sparking demand for expert guidance. Private sector companies entering this field need technical and policy support. An independent body is proposed to assist new players with design, engineering, and operational strategies. This will help manage the growing interest in nuclear energy, especially for indigenous reactor technologies.
The National Green Tribunal has rejected Bharat Petroleum Corporation Limited’s appeal against a Rs 1 crore environmental fine. BPCL failed to install a vapour recovery system in its storage terminals by the March 2024 deadline. The tribunal upheld the Central Pollution Control Board’s order, noting the Supreme Court’s directive on the matter.
Power giant NTPC is set to expand its capacity to 244 gigawatts by 2037. This ambitious roadmap requires an investment of Rs 7 lakh crore. The company is exploring energy storage, pumped storage, nuclear power, green hydrogen, and chemicals. NTPC currently meets one-fourth of India’s electricity demand. This expansion will further bolster the nation’s power…
While oil futures registered an unprecedented surge in March, they remain considerably below record levels and the price of actual cargoes, trading at just under $100 a barrel in London. This “disconnect” between futures and physical markets is becoming “increasingly acute,” according to the report.
State-run NTPC is preparing to build nuclear power projects of 700 MW, 1,000 MW and 1,600 MW across multiple states as part of its long-term expansion plan. The company aims to secure a 30% share—30 GW—of India’s proposed 100 GW nuclear capacity by 2047.
Indian Oil Corporation’s restructuring of its pipeline division and outsourcing plans for aviation fuel stations, depots, and terminals are facing strong internal opposition. The Indian Oil Officers Association has cautioned the petroleum minister about potential risks to operational integrity and strategic interests. Concerns include compromised safety standards and misaligned priorities during emergencies due to privatization.
It has been nine years since Digiconomist was first launched with the objective of “exposing the unintended consequences of digital trends.” For a big part of these nine years, the sustainability of digital assets such as Bitcoin has been a key focus of the research by Digiconomist. However, in 2022 and 2023 a new digital…
Crude oil prices are set to remain high due to the Middle East crisis. This will affect India’s economy, lowering GDP growth in FY27. Inflation is also expected to rise significantly. Weather disruptions and fertilizer costs could further impact food prices. India’s reliance on imported oil makes it particularly vulnerable to these global events.