Niti Ayog $Trillion Electric Vehicle Switch, Not to Reduce GHG
November28, 2017 (C) Ravinder Singh progressindia2015@gmail.com
Niti Aayog hired some Lame-duck expert and Foreign Consultant to Waste $Trillion on EV Batteries, Chargers and Thermal Power generation – DOUBLING Vehicles on City Roads.
NA plans Battery Storage of 3.5 BU by 2030 – assuming 2.5 BU is daily use translates to 900 BU annual Consumption. This will require 800,000 MW of Solar Power – or 600,000 MW of Solar Generation – mostly Farm or Rooftop.
NA EV Program is CORRUPTED to Benefit – Unused Thermal Power.
NA didn’t learn from TESLA program – this futuristic company is providing TOTALLY GREEN SOLUTION – Batteries, Vehicles, SOLAR GENERATION, Chargers etc and Guarantee Performance.
NA also not considering 200,000 MW Multipurpose Hydro or 100,000 MW Nuclear.
NA ‘Going forward, industry experts estimate that 7 percent of the global automotive (4-wheeler) fleet will be EVs by 2030, up from 0.2 percent currently. As India’s EV ambitions, including EV 2-wheelers, autorickshaws, 4-wheelers and buses, become more widely known, they will help influence other countries to follow India’s lead.’
[Strong coordination between various stakeholder groups in cell manufacturing and battery assembly can support the development of a robust and competitive battery manufacturing supply chain in India. Key stakeholders in the battery manufacturing ecosystem include material suppliers, battery manufacturers, vehicle manufacturers, local and central governments, research institutes, and think tanks.Coordination among these parties can help to define technology pathways, align investment strategies and timing, and guide policies to help achieve India’s 2030 EV target. The absence of this coordination amongst key stakeholder groups is a key barrier to streamlining efforts by different industries and organizations in building India’s battery manufacturing supply chain.]
NA believes Battery Operated Vehicles are the only ‘Electric Vehicles’ – Trams, Trolley Buses, Metro, EMUs, Mono Rail and Railways etc are not whereas – Battery Vehicles are heavier, depend on exclusive Battery that needs Charging daily and additional Generating Capacity.
NA didn’t learn from CLEAN COUNTRIES – Switzerland or Norway or Japan which have Trams, Trolley Buses, Metro, EMUs, Mono Rail and Railways already operational.
In line with its aspiration to achieve 100 percent electric vehicle (EV) sales by 2030, India can rise among the top countries in the world in manufacturing batteries.
India’s market for EV batteries alone could be worth as much as $300 billion from 2017 to 2030. India could represent more than one-third of global EV battery demand by 2030.
India’s EV ambitions through 100 percent domestic manufacturing of batteries would require at least 3,500 GWh of batteries at a wholesale cost of $300 billion.
Under a business-as-usual scenario, India would need nearly 1.6 billion metric tons of oil equivalent of petrol and diesel to fuel its passenger mobility sector from 2017–2030. BAU demand could be double and imports to cost 4 times.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects
RBI relaxes debt-equity conversion norm for asset reconstruction companies
This is in reference to the Circular DNBS(PD)CC.No. 35/SCRC/26.03.001/2013-14 dated January 23, 2014 released by Reserve Bank of India on the subject of conversion of debt into equity.
On a review of the limit imposed on shareholding of the post converted equity of the borrower company under reconstruction by Asset Reconstruction Companies (ARCs), it has been decided by Reserve Bank of India to exempt ARCs meeting the criteria set out in paragraph below from the cap of 26% subject to compliance with the provisions of the SARFAESI Act, 2002, Guidelines/ Instructions issued by Reserve Bank of India from time to time as applicable to ARCs as well as Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934, Companies Act, 2013, SEBI Regulations and other relevant Statutes. The extent of shareholding post conversion of debt into equity shall be in accordance with permissible Foreign Direct Investment (FDI) limit for that specific sector.
ARCs that meet the conditions mentioned below are exempted from the limit of shareholding at 26% of post converted equity of the borrower company:
i. The ARC shall be in compliance with Net Owned Fund (NOF) requirement of Rs 100 crore on an ongoing basis;
ii. At least half of the Board of Directors of the ARC comprises of independent directors;
iii. The ARC shall frame policy on debt to equity conversion with the approval of its Board of Directors and may delegate powers to a Committee comprising majority of independent directors for taking decisions on proposals of debt to equity conversion;
iv. The equity shares acquired under the scheme shall be periodically valued and marked to market. The frequency of valuation shall be at least once in a month.
The ARC shall explore the possibility of preparing a panel of sector-specific management firms/ individuals having expertise in running firms/ companies which could be considered for managing the companies.
ii. At least half of the Board of Directors of the ARC comprises of independent directors;
iii. The ARC shall frame policy on debt to equity conversion with the approval of its Board of Directors and may delegate powers to a Committee comprising majority of independent directors for taking decisions on proposals of debt to equity conversion;
iv. The equity shares acquired under the scheme shall be periodically valued and marked to market. The frequency of valuation shall be at least once in a month.
The ARC shall explore the possibility of preparing a panel of sector-specific management firms/ individuals having expertise in running firms/ companies which could be considered for managing the companies.
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