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Going Green: India Is Significantly On The Move Towards Renewable Energy

To achieve green missions, the basic and growing energy needs of the common man should be met through clean but affordable sources.

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In the recent past, India has witnessed one of the fastest growth rates in renewable energy capacity addition among all large economies, with renewable energy capacity growing by 2.5 times and the most growing sector is solar energy which is expanding by over 13 times. The renewable energy sector contributes more than 24 percent of the country’s installed power capacity and around 11.62 percent of the electrical energy generation.

The share of renewable energy in electric installed capacity consists of over 36 percent and over 26 percent of the electric energy generation. Around 49.59 GW renewable energy capacity is under installation, and an additional 27.41 GW capacity has been tendered. This will contribute to the commission of the total capacity of the renewable energy sector about 166.63 GW. The target is to install non-fossil fuel electricity of 500 GW capacity by 2030, for which India’s Central Electricity Authority (CEA) has done an energy mix projection for 2030, another main goal is to source 50 percent energy requirement from renewables by the same time. To reduce 1 billion tonnes (1 Gt) of projected emissions from the current CO2 levels (2.9 Gt) even as one projection indicates, in a business-as-usual-scenario, it will be 4.5 Gt in 2030.

The fourth aim is to achieve a 45% carbon intensity reduction over 2005 levels by 2030. India has already reduced its GDP emission intensity by 25% between 2005 and 2016, and is on track to reduce it by more than 40% by 2030. To meet these goals, a major deployment of clean energy technology such as renewables, electric vehicles, and energy-efficient building retrofits is required.

A strong network of storage batteries is required to ensure the full utilisation of captured solar energy. The trend of the last five years indicates that the cost will come down in the next three to five years. The main challenge in India is to acquire large parcels of land and will be more so in the next 10-20 years as the population grows, urbanisation expands and more and more land becomes arable. To address this, the efficiency of solar panels needs to be improved from the current 19-21% and similarly further R&D on the technology front would be necessary.

Rapid and modern technological innovation in these areas will boost new and cost-effective technology development. More engaging collaboration between private R&D, engineering institutes and the solar panel manufacturing industry should be encouraged and incentivised. The main enabler for this sector is the upgradation and expansion of grid capacity for the 500 GW target. The cost of electrolysers needs to be reduced to achieve the goal of green hydrogen cost parity with natural gas.

The main challenge in this field is the overall financing of solar generation plants, storage battery network, hydrogen electrolysers, EV charging infrastructure, grid upgradation. Working in consonance, there should be serious moves to attract sizable long-term funding at low interest. Already significant interest has been developed around ‘green bonds’ and promotion & adoption of green finance is the way forward. These technologies need to continue to develop and get more efficient, there is a need for viability gap funding – to bridge the gap between what a user can pay as a fair price and what is viable from the point of justifying the investment or at least cover the cost of capital.

To achieve green missions, the basic and growing energy needs of the common man should be met through clean but affordable sources. India needs to transition to a low-carbon economy, workforce transition will need to be managed in fossil fuel-based industries with social safety nets, as also to ensure that the green opportunity provides avenues for economic prosperity. But while the renewable energy industry endured a turbulent 2021, coal remains the dominant player in India’s electricity mix. By 2040, the power demand is expected to triple as India’s population helps to achieve upward mobility, fossil fuels are poised to see continued growth even as the clean energy market thrives.

The Government has launched many initiatives to promote renewable energy in India. It has given power distribution companies (discoms) a roughly $13 billion liquidity injection as part of a stimulus package to shore up the Indian economy. Discoms fell deeper into debt due to weak power demand caused by the Covid-19 pandemic. To keep India’s clean energy transition moving forward, the financial health of the utility sector is critical.

In the coming years, India will eventually become the largest market for utility-scale battery storage. The government is grappling with what the ecosystem for energy storage in India should look like, including the mix of standalone battery projects versus renewable energy hybrid systems and requirements for ancillary services. Over the last decade, the Indian government has focused on adding solar and wind energy capacity and has pushed forward for installing solar-wind hybrid systems to address the peak-valley energy demand situation. It requires deep structural reforms to create a cleaner, more flexible and more efficient power system. With the deployment of renewable energy and the willingness of the government to constantly experiment with new policy approaches, there is a reason for optimism about India’s energy future.

The Author is a founding team member & Assistant Vice President (AVP) of Oorjan Cleantech (https://www.oorjan.com). Oorjan is co-founded by IITians and ex-bankers and is one of the fastest-growing solar companies in India.

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Snehalata Memorial Foundation brings Sambhav on Stage at Triveni Kala Sangam

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During the last two years, a lot of shows were organized online due to the raging pandemic. Now, most of the organizers have decided to conduct their events offline. Snehalata Memorial Foundation established in the year 1992, is a social organization that aims to spread awareness about classical music throughout the world. Snehalata Memorial Foundation is set to organise Sambhav on Stage with the tagline ‘Gayan Vadan Nritya’. The program is being organized at Triveni Kala Sangam, 205, Tansen Marg, Mandi House, Delhi, 110001 on the 19th of May 2022 from 6 PM onwards.

The program will start with a vocal, followed by a Tabla duet, and end with a Kathak trio recital. The performers have already performed online, this time they would be performing offline. During covid, the upcoming performers have suffered the most and Snehalata has planned to encourage young artists and present their art in front of the audience.

In a candid conversation tabla artist, Saptak Sharma who will be performing in the event said, “It’s completely an honor for me to be performing for Snehalata Memorial Foundation. Especially getting an opportunity after a long gap of 2 years is a whole another experience. I’ve been attached to this organisation and did some online concerts during the lockdown as well. A big thanks to Binay ji and the whole team for making this possible and getting the artists back on stage. It’s a whole different thing to live with the audience in a face-to-face way as compared to the online sessions. The essence of classical music lies in the baithak systems in which the artist is being praised by the audience and the music flowing out of that is completely felt differently. It’s always said music can only be felt and not seen. And that’s the best part about being on stage when you realise your audience feeling your music and reacting to it.”

The event features

Classical Vocal Recital by Abhijeet Mishra

Accompanists:

Sarangi – Ejaz Hussain

Tabla – Kamil Khan

Duet Tabla Recital by Saptak Sharma and Ashutosh Verma

Accompanist:

Sarangi – Mudassir Khan

Kathak Recital by Harshita Vaish, Disha Gupta, and Sagar Vishwakarma

Accompanists:

Sarangi- Ejaz Hussain

Vocal- Zaki Ahmed

Tabla- Shubhan Khan

Padhanti- Aishwarya Rawat

Venue-Triveni Kala Sangam, Delhi

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‘WE AT ICCS ARE OFFERING CUSTOMIZED OUTSOURCING SOLUTIONS WITH BEST TECHNOLOGY & INFRASTRUCTURE’

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In response to The Daily Guardian, Divij Singhal, Founder & CEO, ICCS, said ICCS’s mission is to outperform the industry by fostering innovation and forming collaborations with the world’s largest brands, as well as enthusiastic leaders and employees. The company envisions being one of the worlds’s most recognized and trusted BPM service provider, offering exceptional value to customers across all industries through cutting-edge technology and world-class service.

Q: What made you launch this business?

A: We looked at the domestic service industry and it was growing in the country and skilled people for voice and non-voice would be needed. We evaluated that there is a niche that can be created in this industry by the amalgamation of people and technology. That motivated us to be a part of this BPO industry.

Q: Goals and objectives when it is founded.

A: The goal was to be a leading player in this space of domestic BPO with the right quality and consistency being delivered to our customers at the right price.

Q: Business success so far

A: Our growth is consistent with the growth of 25% YoY, and something which we really can cherish is all our customers who started with us continued together, and we both grew over time. We believe in high quality and besides, we also give them the technology to improve their customer experience turning into retention.

Q: What will be the industry trends in 2023.

A: New-age technologies are emerging and making their mark in businesses across sectors. We feel that Artificial Intelligence and Machine Learning in particular will be buzzwords and their impact will be such that the BPO sector will witness growth concerning the people in the coming year. The yield per employee will increase and this trend will render a positive impact on the valuation of the BPO industry

Q: What are your future plans?

A: We are indeed joyous that we have had a successful run so far. Indeed, we had our fair share of ups and downs. But we take pride in the fact that we have surpassed them all and are bracing for exponential growth in the future. As far as our growth plans are concerned, we at ICCS are looking forward to expanding our footprints in tier 2 regions as well as in the metro cities. We are also planning to hire 1000+ employees by the end of this year. From the business perspective, our focus is to increase our presence in the healthcare and retail distribution verticals. On the whole, we are striving to bring about innovation as well as foster associations with reputed brands at the global level.

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VIBE, THE SKYBAR REOPENS AT GURUGRAM BAANI SQUARE

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True to its name, Vibe – The Sky Bar, a rooftop bar at DoubleTree by Hilton Gurugram Baani Square is back to serve its patrons.

Blessed with breathtaking city views and sparkling ambiance, this high-end rooftop bar is an ideal place to socialize with friends and family or for a corporate gathering. Wind down after a busy day in comfortable lounges while you enjoy the sophisticated bites and handcrafted concoctions to lift your spirits.

Enjoy an open-air dining experience in re-imagined spaces secured with stringent safety norms, where Mukesh Kumar, Executive Sous Chef has introduced an array of delectable choices in the eclectic menu which includes The Giant Chicken Wings, Kaffir Lime Gamberi, Kasundi Salmon, Crunchy Amritsari Fish Tots, Tenderloin Boti Popsicles, Raan, Ragi Chickpea Falafel, Mexican Tacos, Citrus Creme Brule, DoubleTree Cookie Pastry, and many more to choose from.

Timings: – 04:00 PM–12:00 AM

Average cost for two: INR 3500 plus taxes

For reservations: +91 9711216466

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LOGIC OR INSTINCT, WHICH DO WE FOLLOW?

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During the last days of 2004, as a giant tsunami-ravaged a dozen countries, killing almost two hundred thousand people, researchers noticed something odd at the Yala National Park in Sri Lanka. The park, home to several hundred species, hardly had any animal carcasses. National Geographic magazine quotes observers reporting strange behavior from animals before the tsunami hit. Elephants screamed and ran for higher ground, turtles changed paths, and dogs refused to go outdoors. What did the animals sense that humans didn’t?

The pinstriped world of Wall Street might seem far removed from the forests of Sri Lanka, yet the same animal instincts run deep. Billionaire investor George Soros said that the onset of back pain is, for him, often “a signal that there was something wrong in my portfolio”. In his son’s words, Soros often “changes his position on the market” because “his back is killing him”. A study by researcher John Coates observed that traders who were more aware of their body rhythms made more profitable trades and could sense when ‘something just felt right.

Does this mean that we should trust our ‘gut instinct’ more often?

The answer, unfortunately, is not that simple. Almost every trader or gambler who places a bet feels that ‘today is going to be my lucky day. A look at the ranks of failed gamblers tells us that blind reliance on instinct can lead to ruin. Examples abound not just of businesses but entire kingdoms which were destroyed because the leader chose to act on an impulse or a whim. Giving our instincts a free run is like letting an angry elephant loose in a bazaar.

Scaling up and running a large enterprise requires standardization, and standardization leaves little room for subjectivity. Not surprisingly, our professional worlds elevate logic over instinct. The parameters for business decision-making, whether at Board meetings or client presentations, prioritize measurable metrics and tangible calculations. For a firm to say that decisions are made based on ‘gut feelings’ of key executives would be comical.

And yet, something valuable is lost when we rely too much on logic. Logic is often just a way for us to rationalize and reduce dissonance with a decision that has already been made based on our emotions. One needs to look no further than debates on Twitter or WhatsApp groups to witness this. Data can often be tortured to spit out a conclusion that suits a particular viewpoint.

In the numerous Board or investment committee meetings that I have attended, I have noticed that if you peel beyond the veneer of logic, key decisions almost always rest on softer factors, such as trust in the management team. Great investors focus on qualitative factors, such as the drive, energy, or integrity of the founders, instead of relying on metrics alone.

Can we leverage this power of instinct in our lives? Experience has shown me that there is a way.

First, we need to build deep expertise in the field in question. Coates’ study was done on experienced traders. My involvement in the stock markets dates back twenty-five years. Over two-thirds of those were spent focusing on left-brain analysis, involving numbers, financials, strategy, metrics, and so on. But in the last eight years, I have been able to transcend these and understand the softer realms of temperament, awareness, subtler patterns, behavioral biases, and so on. Yet, the latter would not have been possible without the former. The logical parts need to be integrated into muscle memory for the instinct to be robust.

Second, we need to polish our antennae. Today, as we increasingly tune into digital noise, we have lost the connection to nature and to the cues that it gives us. We need to tune in to signals from our bodies, minds, and the environment. Coates found that successful traders exhibited greater self-awareness of their body rhythms, such as heart rates. My practice of mindfulness meditation forms the core of my creativity, as it enables me to tap into intuition and get ideas for my writing.

As we eliminate the dust and cobwebs from our antennae, we re-establish our connection with our inner compass and with activities that nourish us deeply. We are then able to tap into the vast primeval universal intelligence. This intelligence works through processes that transcend logic and opens us up to the true power of instinct and intuition.

S.Venkatesh is the bestselling author of AgniBaan and KaalKoot, a leadership coach and an investor who has held key positions with JP Morgan, Credit Suisse and Macquarie. He writes about mindfulness and its link to creativity, business and wealth.

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SATELLOGIC AND UP42 TEAM UP TO OFFER RAPID MONITORING CAPABILITIES

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Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, announced today that it has agreed with UP42, a geospatial developer platform and marketplace enabling direct access to Satellogic’s satellite tasking high-resolution multispectral and wide-area hyperspectral imagery via the UP42 API-based platform. The agreement includes the archive of high-frequency, high-resolution Satellogic data.

The companies made the announcement today at the Geospatial World Forum in Amsterdam, Netherlands, where UP42 CEO Sean Wiid and Satellogic Business Development & Sales Director Eldridge de Melo are featured, speakers.

“This exciting new collaboration gives UP42 customers a distinct advantage in rapidly creating geospatial solutions,” said UP42’s CEO Sean Wild. “Users can now derive insights from Satellogic data using algorithms and data fusion via our developer-first platform.”

Direct API access to Satellogic’s multi- and hyperspectral data – with intraday updates – supports rapid, timely, and frequent monitoring of critical assets in diverse sectors, such as energy, utilities, local government, and security. The UP42 platform’s REST API and Python SDKs can be fully customized, allowing UP42 users to build cost-effective solutions and quickly deliver end products to their clients.

“Our mission of democratizing access to critical Earth Observation data means making our data available where it’s convenient for end-users,” said Thomas VanMatre, VP of Global Business Development at Satellogic. “UP42 is a leading geospatial marketplace with value-added capabilities, enabling its customers to access and analyze data without extensive expertise. It is collaborations like this alliance with UP42 that will increase adoption of EO data across new markets, driving better decision making and outcomes.”

The growing Satellogic constellation currently consists of 22 operational small satellites, capable of acquiring 4-band (RGB NIR) multispectral data at 70 cm (1m native) spatial resolution over a 5km swath and up to 29-band (460-830nm) hyperspectral imagery at 25m resolution over a 125km swath.

During pre-processing, Satellogic imagery is optimized for analysis by Machine Learning (“ML”) and Artificial Intelligence (“AI”) applications – a significant benefit for UP42 users who will have access to more than 75 ML/AI algorithms on the UP42 platform.

UP42 users will be able to apply Satellogic data sets and extracted knowledge to support projects in a range of applications spanning the public and private sectors, including Agriculture and Forestry, Energy and Sustainability, Critical Infrastructure Management, Finance, and Insurance, Environment and Climate, and Government.

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OTT is giving more opportunities to actors: Aamna Sharif

In an exclusive interview with NewsX, actress Aamna Sharif mentioned that OTT is giving her the scope to perform different things as an actor and she is grateful that she is being able to be a part of all three platforms. For an actress, digital or OTT is an interesting place to be, plus the medium is big and gives opportunity to every actor for different sorts of roles and performances.

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Actress Aamna Sharif recently joined NewsX for a fun conversation as part of our special series NewsX India A-List. In the exclusive conversation, the actress opened up about her role in the series Aadha Ishq, what drew her to the role, and much more.

Speaking about what attracted her to ‘Adha Ishq’, Aamna said, “The title itself is beautiful. I believe all of us have experienced adha ishq once in our life. It is a beautiful love story between Sahil and Roma, the journey of Roma (played by Aamna). The story shows the ten years of Roma’s journey of what happens in her life. The interesting part of this love story is that a couple in love gets separated and later their children fell in love. It’s a different concept which is most exciting.”

Talking about doing a romantic genre, she said she loves being a part of such projects as she is a romantic person and loves watching love stories. Adding further, she said, “I have been playing different roles and was waiting for something like this to come, something as intense as Aadha Ishq.”

When asked about her experience of working in an OTT platform and the scope of digital platforms, Aamna said, “I am loving it, I think it’s a blessing for all the actors because of the kind of scope it provides to all the actors for performances. The last show, which I did, was also a very challenging role and Roma has so many layers to its character. It’s a dream for any actor to do such challenging roles and OTT is giving that scope and space.”

Aamna further shared that it is very important to watch other actors’ performances. She explained that she loves watching the work of other actors as it is important to learn as an actor.

When asked about her previous role in Komolika, Aamna said, “I was scared to play Komollika as I have never played such a role ever before, even though in ‘Ek Villian’ my character had shades of grey but not as much as Komollika in KZK2.”

While talking about her last two years’ experience, Aamna said “The last two years have taught us to value small moments in life and be grateful towards life.”

Aamna further stated that OTT is giving her the scope to perform different things as an actress and she is grateful that she is being able to be a part of all three platforms.

Aamna Sharif stated that ‘Kahiin Toh Hoga’ was a game-changing project for her as it changed her life.

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