The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of May, 2017 declined by 0.4 percent to 112.8 (provisional) from 113.2 (provisional) for the previous month.

 

INFLATION

 

The annual rate of inflation, based on monthly WPI, stood at 2.17% (provisional) for the month of May,2017 (over May,2016) as compared to 3.85% (provisional) for the previous month and -0.90% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was -0.35% compared to a build up rate of 2.51% in the corresponding period of the previous year

 

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.

The movement of the index for the various commodity groups is summarized below:-

 

PRIMARY ARTICLES (Weight 22.62%)

 

The index for this major group declined by 1.5 percent to 126.5 (provisional) from 128.4 (provisional) for the previous month.  The groups and items which showed variations during the month are as follows:-

 

The index for 'Food Articles' group declined by 1.2 percent to 137.7 (provisional) from 139.4 (provisional) for the previous month due to lower price of fish-inland and egg (10% each), betel leaves (6%), fish-marine, barley, masur and tea (5% each), arhar and condiments & spices (4% each), ragi, wheat and urad (3% each), gram and fruits & vegetables (2% each) and coffee, rajma, moong, maize and jowar (1% each). However, the price of peas/chawali (4%) and beef and buffalo meat and poultry chicken (3% each) moved up.

 

The index for 'Non-Food Articles' group declined by 1.2 percent to 119.8 (provisional) from 121.2 (provisional) for the previous month due to lower price of raw rubber (10%), guar seed (6%), cotton seed (4%), castor seed, raw jute, soyabean and groundnut seed (3% each), raw cotton, mesta, raw silk, copra (coconut) and sunflower (2% each) and fodder and linseed (1% each).  However, the price of floriculture (8%), niger seed (2%) and safflower (kardi seed) (1%) moved up.

 

The index for ‘Minerals’ group rose by 1.9 percent to 114.8 (provisional) from 112.7 (provisional) for the previous month due to higher price of garnet (43%), lead concentrate (11%), copper concentrate (7%), iron ore (4%) and zinc concentrate (1%). However, the price of manganese ore (16%) and chromite (1%) declined.

 

The index for ‘Crude Petroleum & Natural Gas’ group declined by 7.1 percent to 71.1 (provisional) from 76.5 (provisional) for the previous month due to lower price of  crude petroleum (9%) and natural gas (2%).

 

FUEL & POWER (Weight 13.15%)

 

The index for this major group declined by 2.1 percent to 90.8 (provisional) from 92.8 (provisional) for the previous month due to lower prices of LPG(12%), bitumen and electricity (4% each), naphtha (3%), ATF, petrol and HSD (1% each). However, the price of petroleum coke (7%), lignite (6%), and kerosene (3%) moved up.

 

MANUFACTURED PRODUCTS(Weight 64.23%)

 

The index for this major group rose by 0.4 percent to 112.6 (provisional) from 112.1 (provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-

 

The index for ‘Manufacture of Food Products’ group declined by 0.1 percent to 127.2 (provisional) from 127.3 (provisional) for the previous month due to lower price of manufacture of macaroni, noodles, couscous and similar farinaceous products (6%), honey and copra oil (5% each), rice bran oil (4%), spices (including mixed spices), cotton seed oil, buffalo meat (fresh/frozen), wheat flour (atta) and maida (3% each), sooji (rawa), rapeseed oil, processed tea, groundnut oil, vanaspati and sunflower oil (2% each) and soyabean oil, wheat bran, salt, mustard oil and palm oil (1% each). However, the price of other meats, preserved/processed and manufacture of cocoa, chocolate and sugar confectionery (3% each), coffee powder with chicory, instant coffee, ghee, condensed milk and powder milk (2% each) and gur, processing and preserving of fish, crustaceans and molluscs and products thereof, castor oil, rice, non-basmati, rice products, butter, processing and preserving of fruit and vegetables, chicken/duck, dressed-fresh/frozen, manufacture of starches and starch products  and sugar (1% each) moved up.

 

The index for ‘Manufacture of Beverages’ group rose by 0.3 percent to 117.5 (provisional) from 117.2 (provisional) for the previous month due to higher price of beer and wine (1% each).

 

The index for ‘Manufacture of Tobacco Products’ group declined by 1.9 percent to 142.9 (provisional) from 145.7 (provisional) for the previous month due to lower price of cigarette (5%) and other tobacco products (2%). However, the price of biri (2%) moved up.

 

The index for 'Manufacture of Textiles' group rose by 0.3 percent to 113.6 (provisional) from 113.3 (provisional) for the previous month due to higher price of cotton yarn (2%) and manufacture of other textiles, texturised and twisted yarn and manufacture of made-up textile articles, except apparel (1% each). However, the price of synthetic yarn (2%) and manufacture of knitted and crocheted fabrics and manufacture of cordage, rope, twine and netting (1% each) declined.

 

The index for ‘Manufacture of Wearing Apparel’ group declined by 0.4 percent to 133.5 (provisional) from 134.1 (provisional) for the previous month due to lower price of leather garments incl. Jackets (2%) and shirts/half shirts of cotton and/or man-made fibre and babies garments, knitted (1% each).  However, the price of Men/Boys suits, coats and jackets (2%) and trouser/pants made of cotton and/or man-made fibre (1%) moved up.

 

The index for ‘Manufacture of Leather and Related Products’ group declined by 0.6 percent to 119.5 (provisional) from 120.2 (provisional) for the previous month due to lower price of chrome tanned leather (5%), belt & other articles of leather (4%) and harness, saddles & other related items (1%). However, the price of gloves of leather (7%), canvas shoes (3%) and leather shoe, plastic/pvc chappals, travel goods, handbags, office bags, etc. and waterproof footwear (1% each) moved up.

 

The index for ‘Manufacture of Wood and Products of Wood and Cork’ group declined by 0.5 percent to 130.6 (provisional) from 131.3 (provisional) for the previous month due to lower price of lamination wooden sheets/veneer sheets, timber/wooden plank, sawn/resawn  and particle boards (1% each).  However, the price of wooden block - compressed or not (2%) and wood cutting, processed/sized (1%) moved up.

 

The index for ‘Manufacture of Paper and Paper Products’ group rose by 0.7 percent to 116.4 (provisional) from 115.6 (provisional) for the previous month due to higher price of paper bag including craft paper bag (22%), laminated plastic sheet (6%), card board box (4%), poster paper (3%), kraft paper and duplex paper (2% each) and paper carton/box, hard board, base paper, map litho paper, pulp board and corrugated sheet box (1% each). However, the price of card board (3%) and press board and paper for printing & writing (1% each) declined

 

The index for ‘Printing and Reproduction of Recorded Media’ group declined by 0.7 percent to 141.7 (provisional) from 142.7 (provisional) for the previous month due to lower price of journal/periodical (3%) and sticker plastic (2%). However, the price of printed labels/posters/calendars (1%) moved up.

 

The index for ‘Manufacture of Chemicals and Chemical Products’ rose by 0.3 percent to 111.7 (provisional) from 111.4 (provisional) for the previous month due to higher price of camphor (9%), mosquito coil (6%), dye stuff/dyes incl. dye intermediates and pigments/colours and hydrogen peroxide (5% each), menthol (4%), carbon black (3%), detergent cake, washing soap cake/bar/powder, varnish (all types), caustic soda (sodium hydroxide), organic surface active agent, acrylic fibre and ammonium sulphate (2% each) and  liquid air & other gaseous products, acetic acid and its derivatives, ammonia liquid, insecticide and pesticide, agro chemical formulation, nitrogenous fertilizer, others, powder coating material, foundry chemical, additive, mixed fertilizer, superphospate / phosphatic fertilizer, others, alkyl benzene, ammonium nitrate and epoxy, liquid (1% each). However, the price of ammonia gas (9%), amine (7%), polyester chips or polyethylene terepthalate (pet) chips (5%), plasticizer, nitric acid, mono ethyl glycol, perfume/scent and oleoresin (3% each), gelatine and sodium silicate (2% each) and phosphoric acid, phthalic anhydride, organic chemicals, organic solvent, catalysts, xlpe compound, polystyrene, expandable, tooth paste/tooth powder, polyester film(metalized), printing ink, viscose staple fibre, aromatic chemicals and sulphuric acid (1% each) declined.

 

The index for ‘Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products’ group declined by 0.2 percent to 120.8 (provisional) from 121.0 (provisional) for the previous month due to lower price of antidiabetic drug excluding insulin (i.e. tolbutam) (8%), antibiotics & preparations thereof (2%) and api & formulations of vitamins (1%). However, the price of simvastatin (16%), sulpha drugs (9%), anti allergic drugs and plastic capsules (3% each), antipyretic, analgesic, anti-inflammatory formulations (2%) and anti-malarial drugs, cotton wool (medicinal) and ayurvedic medicaments (1% each) moved up.

 

The index for ‘Manufacture of Rubber and Plastics Products’ group declined by 0.1 percent to 108.6 (provisional) from 108.7 (provisional) for the previous month due to lower price of condoms (6%), rubberized dipped fabric (5%), polyester film (non-metalized) (4%), pvc fittings & other accessories (3%), processed rubber, plastic tube (flexible/non-flexible), plastic components, rubber crumb, polypropylene film and plastic tank (2% each) and plastic bag, acrylic/plastic sheet and plastic bottle (1% each). However, the price of rubber components & parts, conveyer belt (fibre based) and polythene film (3% each), rubber tread, rubber cloth/sheet, medium & heavy commercial vehicle tyre and thermocol (2% each) and cycle/cycle rickshaw tyre, v belt, motor car tube, tractor tyre, plastic box/container, plastic furniture and 2/3 wheeler tyre (1% each) moved up.

 

The index for ‘Manufacture of other Non-Metallic Mineral Products’ group rose by 1.9 percent to 111.4 (provisional) from 109.3 (provisional) for the previous month due to higher price of cement superfine (10%), ordinary portland cement (4%), ceramic tiles (vitrified tiles) and slag cement (3% each), pozzolana cement, non ceramic tiles, clinker and ordinary sheet glass (2% each) and railway sleeper, cement blocks (concrete), glass bottle, asbestos corrugated sheet, marble slab, stone, chip and lime and calcium carbonate (1% each).  However, the price of fibre glass incl. sheet (3%) and graphite rod, opthalmic lens and porcelain sanitary ware (1% each) declined.

 

The index for ‘Manufacture of Basic Metals’ group rose by 2.0 percent to 96.8 (provisional) from 94.9 (provisional) for the previous month due to higher price of angles, channels, sections, steel (coated/not) (10%), pig iron, sponge iron/direct reduced iron (dri) and gp/gc sheet (8% each), ms pencil ingots and hot rolled (hr) coils & sheets, including narrow strip (7% each), ms wire rods (5%), alloy steel wire rods, galvanized iron pipes, aluminium castings, cold rolled (cr) coils & sheets, including narrow strip, mild steel (ms) blooms and silicomanganese (3% each), stainless steel coils, strips & sheets and ferrosilicon (2% each) and lead ingots, bars, blocks, plates, stainless steel bars & rods, including flats, other ferro alloys, alumnium foil, aluminium shapes - bars/rods/flats, aluminium ingot, cast iron, castings, ms bright bars, aluminium powder and aluminium metal (1% each).  However, the price of ms castings (4%), alloy steel castings and stainless steel tubes (3% each), copper shapes - bars/rods/plates/strips (2%) and ferrochrome and zinc metal/zinc blocks (1% each) declined.

 

The index for ‘Manufacture of Fabricated Metal Products, Except Machinery and Equipment’ group rose by 1.1 percent to 108.1 (provisional) from 106.9 (provisional) for the previous month due to higher price of copper bolts, screws, nuts (29%), electrical stamping- laminated or otherwise (7%), iron/steel hinges and steel structures (4% each), boilers (3%), bolts, screws, nuts & nails of iron & steel, stainless steel razor and metal cutting tools & accessories (2% each) and steel drums and barrels, pressure cooker, steel door, steel pipes, tubes & poles and aluminium utensils (1% each).  However, the price of jigs & fixture (8%), hand tools and bracket (3% each), lock/padlock (2%) and forged steel rings (1%) declined.

 

The index for ‘Manufacture of Computer, Electronic and Optical Products’ group rose by 0.6 percent to 109.1 (provisional) from 108.5 (provisional) for the previous month due to higher price of colour TV and electro-diagnostic apparatus, used in medical, surgical, dental or veterinary sciences (3% each), sunglasses (2%) and air conditioner and ups in solid state drives (1% each). However, the price of electronic printed circuit board (pcb)/micro circuit (1%) declined.

 

The index for ‘Manufacture of Electrical Equipment’ group declined by 0.2 percent to 108.3 (provisional) from 108.5 (provisional) for the previous month due to lower price of solenoid valve and electric switch (5% each), microwave oven and light fitting accessories (3% each), electrical resistors (except heating resistors) and washing machines/laundry machines  (2% each) and copper wire, transformer, domestic gas stove, electric switch gear control/starter, electrical relay/conductor and fan (1% each). However, the price of electric heaters (10%), connector/plug/socket/holder-electric (5%), acsr conductors (3%), aluminium wire (2%) and dry cells such as torch light batteries, aluminium/alloy conductor, electric wires & cables, insulator, rubber insulated cables, pvc insulated cable, insulating & flexible wire and refrigerators (1% each) moved up.

 

The index for ‘Manufacture of Machinery and Equipment’ group declined by 0.1 percent to 108.3 (provisional) from 108.4 (provisional) for the previous month due to lower price of excavator (5%), roller mill (raymond) (4%), pharmaceutical machinery (3%), grinding or polishing machine, drilling machine, conveyors - non-roller type, solar power system (solar panel & attachable equipment), injection pump and hydraulic equipment (2% each) and  gasket kit, agriculture implements, industrial valve, air filters, chemical equipment & system, pressure vessel and tank for fermentation & other food processing and mining, quarrying & metallurgical machinery/parts (1% each). However, the price of air or vacuum pump (9%), rice mill machinery (4%), moulding machine and mixing machine (3% each), harvesters and open end spinning machinery (2% each) and air gas compressor including compressor for refrigerator, deep freezers, machinery for plastic products - extruded, filtration equipment and centrifugal pumps (1% each) moved up.

 

The index for ‘Manufacture of Motor Vehicles, Trailers and Semi-Trailers’ group rose by 0.6 percent to 111.3 (provisional) from 110.6 (provisional) for the previous month due to higher price of chassis of different vehicle types (2%) and minibus/bus, engine, brake pad/brake liner/brake block/brake rubber, others, shafts of all kinds, axles of motor vehicles and head lamp (1% each). However, the price of crankshaft (2%) and cylinder liners and filter element (1% each) declined

 

The index for ‘Manufacture of Other Transport Equipment’ group rose by 0.8 percent to 109 (provisional) from 108.1 (provisional) for the previous month due to higher price of motor cycles (1%). However, the price of wagons (2%) and diesel/electric locomotive (1%) declined.

 

The index for ‘Manufacture of Furniture’ group declined by 2.6 percent to 114.2 (provisional) from 117.3 (provisional) for the previous month due to lower price of foam and rubber mattress (10%) and wooden furniture and plastic fixtures (2% each). However, the price of steel shutter gate (2%) and hospital furniture (1%) moved up.

 

WPI FOOD INDEX (Weight 24.38%)

 

The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group decreased from 2.90% in April, 2017 to 0.15% in May, 2017.

 

FINAL INDEX FOR THE MONTH OF MARCH, 2017 (BASE YEAR: 2004-05=100)

 

For the month of March, 2017, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 185.8 as compared to 185.3 (provisional) and annual rate of inflation based on final index stood at 5.99 percent as compared to 5.70 percent (provisional) respectively as reported on 14.04.2017.

 

Next date of press release: 14/07/2017 for the month of June, 2017

Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi,

This press release is available at our home page http://eaindustry.nic.in

 

 


Annexure-I

Wholesale Price Index and Rates of Inflation (Base Year: 2011-12=100)

 

 

 

 

 

Month of May, 2017

Commodities/Major Groups/Groups/Sub-Groups

Weight

WPI May- 2017

Latest month over month

Build up from March

Year on year

2016-17

2017-18

2016-17

2017-18

2016-17

2017-18

ALL COMMODITIES

100.00

112.8

1.28

-0.35

2.51

-0.35

-0.90

2.17

PRIMARY ARTICLES

22.62

126.5

2.14

-1.48

4.72

-0.47

4.38

-1.79

Food Articles

15.26

137.7

2.25

-1.22

5.62

0.07

6.82

-2.27

Cereals

2.82

143.2

1.70

-0.90

1.93

-1.38

6.67

4.15

Paddy

1.43

147.9

2.05

0.20

2.88

0.14

3.65

6.33

Wheat

1.03

137.5

1.20

-2.48

0.30

-3.78

8.38

2.23

Pulses

0.64

151.8

4.82

-2.57

13.23

-1.43

31.23

-19.73

Vegetables

1.87

123.3

12.24

-0.80

27.14

4.14

13.93

-18.51

Potato

0.28

108.0

15.74

9.09

45.72

18.55

83.98

-44.36

Onion

0.16

102.3

-4.94

-5.37

-11.86

-7.50

-34.74

-12.86

Fruits

1.60

135.7

-1.44

-2.23

4.03

-2.58

4.27

-0.73

Milk

4.44

138.0

0.15

0.44

0.30

1.10

1.46

4.47

Eggs, Meat & Fish

2.40

136.4

1.10

-3.33

2.00

1.64

2.99

-1.02

Non-Food Articles

4.12

119.8

-0.41

-1.16

2.98

-1.72

4.04

-0.91

Fibres

0.84

119.5

3.09

-1.89

6.26

-4.32

7.44

11.79

Oil Seeds

1.12

127.4

-0.07

-1.92

8.16

-1.01

0.42

-10.22

Minerals

0.83

114.8

6.14

1.86

-4.24

0.00

8.00

3.70

FUEL & POWER

13.15

90.8

3.83

-2.16

6.27

-2.99

-14.87

11.69

LPG

0.64

81.3

2.84

-11.92

-1.43

-13.14

-14.64

18.17

Petrol

1.60

78.1

4.94

-1.01

14.81

-5.10

-27.34

18.51

HSD

3.10

81.6

12.52

-0.61

21.13

-3.89

-27.48

22.71

MANUFACTURED PRODUCTS

64.23

112.6

0.55

0.45

0.92

0.27

-0.63

2.55

Manufacture of Food Products

9.12

127.2

1.17

-0.08

3.67

-0.08

7.34

4.78

Manufacture of Vegetable And Animal Oils and Fats

2.64

106.7

1.36

-1.30

4.71

-1.57

5.24

2.11

Sugar

1.06

131.0

0.96

0.61

8.20

0.23

23.12

12.83

Manufacture of Tobacco Products

0.51

142.9

-1.61

-1.92

2.71

0.49

6.53

1.78

Manufacture of Textiles

4.88

113.6

0.46

0.26

1.20

0.62

0.27

3.27

Manufacture of Wearing Apparel

0.81

133.5

1.81

-0.45

1.97

0.30

-0.92

3.25

Manufacture of Leather and Related Products

0.54

119.5

1.05

-0.58

1.30

-0.75

4.69

-4.40

Manufacture of Wood And of Products of Wood and Cork

0.77

130.6

-0.23

-0.53

-0.54

0.46

-1.22

0.85

Manufacture of Paper and Paper Products

1.11

116.4

0.36

0.69

-0.09

0.61

0.27

3.28

Manufacture of Chemicals and Chemical Products

6.47

111.7

0.18

0.27

0.72

0.00

-2.53

0.00

Manufacture of Rubber and Plastics Products

2.30

108.6

-0.74

-0.09

0.57

-0.18

-4.22

1.88

Manufacture of other Non-Metallic Mineral Products

3.20

111.4

0.92

1.92

0.36

1.92

0.64

1.09

Manufacture of Cement, Lime and Plaster

1.64

113.1

1.10

3.29

1.19

3.48

1.57

2.72

Manufacture of Basic Metals

9.65

96.8

0.33

2.00

1.12

1.26

-8.24

7.32

Mild Steel - Semi Finished Steel

1.27

91.3

-0.33

1.44

-1.09

1.11

-7.34

0.44

Manufacture of Fabricated Metal Products, Except Machinery and Equipment

3.15

108.1

0.48

1.12

-0.86

-0.37

-2.43

3.74

Manufacture of other Transport Equipment

1.65

Read more: Index Numbers of Wholesale Price in India (Base:...

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal, addressed the media on achievements of Ministries under his charge in the last three years, here today. Shri Goyal also interacted with the media present at 7 cities – Ahmedabad, Bengaluru, Bhubaneshwar, Jaipur, Kolkata, Lucknow and Patna - through video conferencing.

 

Shri Goyal informed that achieving the Mission of 24x7 Affordable Clean Power for All and ensuring the optimum utilization of natural resources for national development are very critical to Ujwal Bharat which will help in realizing Prime Minister of India, Shri Narendra Modis vision of New India. Over the past three years, the Ministries of Power, Coal, New & Renewable Energy and Mines have made considerable progress towards achieving this goal.

 

The Minister talked about how the four Ministries have worked on 6 fundamental principles to achieve the goal of Ujwal Bharat. These are SULABH (Accesible Power), SASTI (Cheap Power), SWACHH (Clean Power), SUNIYOJIT (Well Planned Infrastructure; Preparing India for the Future), SUNISHCHIT (Assured Power for All) and SURAKSHIT (Empowering each Citizen of India with Transparent Governance and Securing their Future).

 

Shri Goyal laid emphasis that all the stakeholders concerned with the four sectors, viz., Union Government, State Governments, Power sector players (Public and Private), Mining Sector participants and investors, consumers, citizens etc have to work in coordination, with the sole aim of SEWA (Service) to each citizen of India. 

 

Detailing out the major achievements of the four Ministries in brief, Shri Goyal enumerated the following below:

 

Coal

To ensure adequate coal for electricity, shortage to surplus, Government has set a goal to produce 100 crore tonnes of domestic coal by 2019-20. The 9.2 crore tonne increase in production of coal in the three years since 2014. This increase took about seven years before 2014. While nearly two-thirds of the power plants were reeling critical coal stocks in 2014, there is no shortage of coal now. Through reduced coal imports to make the nation self-reliant, foreign exchange worth Rs. 25,900 crores have been saved.

 

The principle of less coal for more power has yielded results. In 2016-17, 0.63 kgs of coal was used to produce 1 kWh of electricity (specific coal consumption), versus 0.69 kgs in 2013-2014, a reduction of 8%. This ensures cheaper as well as cleaner electricity. Further, coal linkage rationalizationof 4 crore tonnes of coal will result in potential savings of about Rs. 3,000 crores.

 

Power

All States have signed the Power for All agreements highlighting Governments commitment to the principle of Cooperative Federalism. SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) is a transformational policy for auction and allotment of coal linkages and will lead to affordable power, access to coal and accountability in the allocation of coal. The Mega Power Policy will facilitate competitive bidding for future Power Purchase Agreements and ensure long term project viability.

 

The highest ever 60GW addition in conventional power, about 40% increase in transformation capacity, and over one-fourth increase in transmission lines since April 2014-March 2017, have made India a power surplus country, with no shortage of electricity or coal. One Nation, One Grid, One Price was further strengthened with surplus electricity available at affordable rates for States. For the first time, India became a net exporter of electricity in 2016-17.

 

UDAY (Ujwal DISCOM Assurance Yojana), as a comprehensive reform of the distribution sector saw progress, with savings of nearly Rs. 12,000 crores for DISCOMs due to issuance of UDAY Bonds worth Rs. 2.32 lakh crore. These savings will help in providing affordable power to consumers. Through reforms, Indias ranking in Ease of Getting Electricity by the World Bank rose from 99 in 2015 to 26 in 2017.

 

Government is driven by Antyodaya - serving the last man at the bottom of the pyramid, based on the philosophy of Pandit Deen Dayal Upadhyaya. The birth centenary year of this great philosopher, humanist and nationalist is being commemorated as Garib Kalyan Varsh. The flagship scheme for rural electrification (DDUGJY - Deen Dayal Upadhyaya Gram Jyoti Yojana) has received special attention. Less than 4,000 of the 18,452 remaining un-electrified villages (as of 1st April 2015) remain, and will be electrified by May 2018. To ensure light in not just every village but every home, the Government has set the target of electrifying every household by 2022. About 4.5 crore rural households remain, as per data submitted by the States.

 

India has received world recognition for its energy efficiency initiatives. More than 23 crore LED bulbs have been distributed under UJALA (Unnat Jyoti by Affordable Electricity for All), and this has served a twofold purpose - helped save Rs. 12,400 crores in electricity bills, and reduced CO2 emissions by over 2.5 crore tonnes annually.

 

New & Renewable Energy

As declared emphatically by the Prime Minister of India remains fully committed to protecting the environment, which is an Article of Faith for us. In 2016-17, India crossed major milestones in the mission of achieving 175 GW of renewable power by 2022. By introducing competitive bidding, Government has ensured that renewable energy is affordable and attractive for consumers. 2016-17 saw the lowest tariffs in both solar (Rs. 2.44) and wind (Rs. 3.46) energy. In a groundbreaking development, 2016-17 also marks the first year when net capacity addition of renewable energy was higher than that conventional energy. The past year also saw the highest ever addition of solar and wind power.

 

Mining

Through a combination of sound policy and technology, the Government has embarked on a plan to bring transparency to the mining sector and optimize utilization of natural resources. The National Mineral Exploration Policy 2016 aims to accelerate exploration through National Aero-Geophysical Mapping Project, which will acquire data on 27 lakh line kms of aero-geophysical data by 2019, versus 7 lakh line kms in the last 30 years. Amending the legislative framework for allotment of offshore blocks will kick start offshore mining activity. Transparent auction of 24 mineral blocks will lead to estimated revenue of over Rs. 1 lakh crore to the States over the lease period of the mines. Using space technology, the Mining Surveillance System (MSS) acts as an eye in the sky to check illegal mining.

 

To ensure that people affected by mining benefit from this activity, Government has started Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY), which has already covered 11 out of 12 mineral-rich states. The District Mineral Foundation (DMF) under PMKKKY has collected about Rs. 7,150 crores from mining in 2016-17, which will be used for education, healthcare and welfare measures specifically for mining affected people and areas.

 

Accountability and Transparency through Mobile Apps

Government is also operating under the highest standards of transparency and accountability, with consumer is king, at the heart of all efforts. The launch of various apps to track the functioning of various departments and schemes is part of this. Some of the apps launched in the past year include URJA to track electricity situation in urban areas and the progress of the Integrated Power Development Scheme (IPDS), TARANG to track transmission projects and URJA MITRA for power cut information. All the apps of the four Ministries can be downloaded by giving a missed call number to 18002003004.

 

Other dignitaries present on the occasion were Shri P.K. Pujari, Secretary Power, Shri Susheel Kumar, Secretary Coal, Shri Arun Kumar, Secretary, Mines and other senior officers of the four Ministries and PSUs under them.

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RM/VM

Read more: Three Years’ Achievements & Initiatives of the...

The Prime Minister, Shri Narendra Modi, held bilateral meetings with the leaders of Kazakhstan, China and Uzbekistan, on the sidelines of the SCO meeting in Astana.  

In his meeting with President Nursultan Nazarbayev of Kazakhstan on Thursday, the Prime Minister congratulated Kazakhstan for membership of the UN Security Council in 2017-18. President Nazarbayev received the Prime Minister warmly and recalled his earlier visit to Kazakhstan in 2015. Both leaders reviewed progress on decisions and agreements made during that visit. Kazakhstan is currently the largest supplier of uranium to India, and both sides agreed to maintain the partnership. Cooperation in this area of hydrocarbons was also discussed.  

The Prime Minister invited Kazakhstan to become a member of the International Solar Alliance. Both leaders also discussed the importance of enhancing connectivity. In this context, connectivity through the Chabahar port in Iran was also discussed. Two flights connecting Delhi and Astana will be launched soon.  

Prime Minister Modi had a cordial and positive meeting with Chinese President Xi Jinping today. Prime Minister thanked him for his support to India's accession to the SCO. Both leaders noted that in a multipolar world, and at a time of global uncertainty, India-China relations are a factor of stability, and it is important for both countries to work together. Themes such as trade, investment, connectivity, youth and cultural exchanges came up for discussion.  

The Prime Minister had a warm and productive meeting with Uzbekistan President Shavkat Mirziyoyev. Stronger linkages in the spheres of economy, trade and health came up for discussion. 

 

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AKT/NT

Read more: PM's bilateral meetings on the sidelines of SCO...

India announces mounting a National Mission on advanced ultra supercritical technologies for cleaner coal utilisation at a total cost of US $ 238 million and setting up of two Centres of Excellence on Clean Coal Technologies at US $5 million each. In its quest for cleaner fuels, a National Mission on methanol and di-methyl ether is being mounted. A new centre on solar photovoltaic, thermal storage and solar fuels research has been approved ~ US $ 5 million. Funding opportunities have been announced in the area of energy storage, clean coal, waste water treatment amounting to US $ 10 million. This announcement was made at the 2ndMission Innovation Ministerial and 8th Clean Energy Ministerial at Beijing, China.

India also announced two MI-centric Funding Opportunities in Smart Grid and Offgrid Access at US $ 5 million each. Joint virtual Clean Energy Centre with UK and Indian Government funding of UK £ 5 million each has been initiated. Under the Indo – USJoint Clean Energy Research (PACE – R) the new collaborative public – private programme on Smart Grids & Energy Storage has been approved. India has also embarked upon a joint programme on renewable energy with Norway

Energy Ministers from 23 Nations with 80% of Clean Energy Investments and 75% of GHG Emission met on June 6-8, 2017 at Beijing, China to focus on Advancing Clean Energy Cooperation and Implementing Paris Agreement Commitments

The Indian delegation was led by Union Minister for Science & Technology, Earth Science and Environment, Forests & Climate Change, Dr. Harshvardhan.

Dr. Harsh Vardhan also participated alongwith 4 other Ministers in a roundtable on “Accelerating innovation via public-private synergies, “Getting to the Future Faster: Accelerating Innovation in Clean Energy Technology through Public and Private Collaboration”, which considered the roles of the private and public sectors in the innovation ecosystem, synergies between the two, and successful models for feeding the innovation pipeline and accelerating outcomes.

The Minister held a successful bilateral meeting with US Secretary Rick Perry. Joint collaboration in clean energy was discussed to widen new areas of research cooperation in clean coal, carbon capture and accessible and affordable water. These areas will be in addition to strengthening ongoing partnerships under PACE-R. A new partnership in india-US clean energy was also discussed,

Dr. Harsh Vardhan also led bilateral meeting with Maros Sefcovic, Vice President for European Union, European Commission. Successful ongoing collaborations were discussed on water technology, research& innovation, clean biofuels solar energy etc) . New partnership in clean technologies such as smart grids, water and waste water treatment were also discussed.

Eighteen months ago on 30th November 2015, leaders of 20 countries came together to launch Mission Innovation (MI), a landmark 5-year commitment to accelerate the pace of innovation and make clean energy widely affordable and accessible worldwide. MI now comprises 22 economies and the European Commission, representing the European Union, and collectively accounts for more than 80 percent of the world’s total public financing of clean energy R&D.

Mission Innovation developed and launched 7 Innovation Challenges in November 2016. These Innovation Challenges focus on selected technical area where MI members believe increased international attention would make a significant impact. India is Co-leading three Challenges – Smart Grid, Off Grid Access and Sustainable Biofuels. Minister Harsh Vardhan released the India Action Plan for next 3 years

This week, energy ministers and other high-level delegates from 22 countries and the European Union convened at the Chinese National Convention Center in Beijing for the second Mission Innovation Ministerial (MI-2) from 6-8 June. Indian delegation was led by Dr. Harshvardhan.

Energy ministers and other high-level delegates from all MI member governments participated in a business meeting on June 7 to discuss plans, progress, country highlights, and preview a series of public announcements on selected areas of joint cooperation.

Ministers and delegates gave their encouragement to carrying out an MI Action Plan. This Plan highlights a number of priority areas for cooperative work, as identified by MI members who have opted-in, in joint research, business and investor engagement and information sharing.

India informed that two MI-India Workshops were organized on 22-23 May, 2017 on Innovation Challenge (IC#1) on Smart Grids and Innovation Challenge ( IC#2) Offgrid access to electricity at New Delhi., India which identified possible topics of co-operation with MI countries. India also launched MI-India funding opportunity of US $ 5 million each for achieving objectives envisaged in both these Innovation Challenges.

India announced its plan for hosting a MI Sustainable Biofuel Innovation Challenge Workshop in December, 2017 in New Delhi, India in collaboration with Biofuture platform.

The increased focus on Innovation by both public and private sectors is expected to give rise to new and advanced technologies, performance breakthroughs, and significant cost reductions. These, in turn, will create opportunities for new industries and jobs and expand markets for reliable and clean energy – for both production and demand. The lower costs will spur economic growth and accelerate market uptake, enabling the realization of the benefits of accessible, reliable and affordable clean energy worldwide.

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RDS/nb

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