What is it? Price at which US-based SunEdison will sell solar power per kilowatt-hour in India.
Why is it important? This is an all-time low solar tariff in India and gives a boost to the Indian government’s ambitious target of installing 175 GW of renewable energy capacity by 2022. Of this, 100 GW would be comprised of solar energy. India’s solar generation capacity is 2,900 MW now. This would also help India’s plans of providing solar power at Rs 4.75 per unit to state electricity boards, which are struggling with mounting debts and losses and reluctant to buy power.
Tell me more: SunEdison won the auction for a 500 megawatt project in Andhra Pradesh. The previous low tariff was Rs 5.05 per kilowatt-hour for Canadian company SkyPower’s project in Madhya Pradesh.
5 to 9
What is it? Multiple by which nitrogen oxide emissions were higher in a sample of 11 vehicles manufactured by Volkswagen Group in India – compared to levels tested during the approval stage, according to the Automotive Research Association of India.
Why is it important? Indicates that despite tough laws, some companies are able to get through the approval process without playing by the rule book. It remains to be seen if it’s a one-off or an industry-wide phenomenon. For VW, it is more bad news as its emission scandal gets murkier. According to the ARAI, VW India has informed them that 314,000 cars (across Volkswagen, Skoda and Audi models) have been fitted with engines from the E 189 diesel engine family, which have been used to fool emission tests in the US and Europe.
Tell me more: The Indian government has issued a show cause notice to VW asking it to explain its position on these findings and disclose if it has used an emission defeat device in India. The company has confirmed that it has received the show cause notice from the government-owned agency, Automotive Research Association of India, and would respond to it by the end of this month.
What is it? Share of devices connected on mobile networks in India that are 3G-enabled, according to a survey by Nokia Networks.
Why is it important? Of this, only 45% are used for 3G services – pointing to an opportunity for telecom companies to tap into. The survey shows that of the sample size of 650 million subscribers, just 2.3% have 4G-enabled devices. Given the likelihood of prices of 4G devices coming down in the near future, there is a possibility of 4G overtaking 3G in terms of subscription, Nokia Networks said.
Tell me more: Mumbai, Delhi, Kerala, Punjab and Kolkata are the top five cities in terms of 3G device penetration.
What is it? The percentage increase in human trafficking from Nepal to India in 2015 (with two months to spare) compared to 2014.
Why is it important? The human trafficking from Nepal has seen a threefold increase after a massive earthquake devastated large parts of the country this April. Shows the levels of poverty that people have been subjected to, after the quake and their desperation to escape it all.
Tell me more: Till this September, the Sahastra Seema Bal, one of India’s Central Armed Police Forces, has rescued 206 victims, of which 159 were rescued after the quake. In 2014, 33 victims were rescued.
€2 billion (over Rs 14,000 crore)
What is it? France’s committed investment for India’s Smart Cities Mission.
Why is it important? Despite the various challenges that the Indian economy faces, particularly the infrastructure sector, this indicates international interest in India’s long term growth story. But, there are serious concerns about how such ambitious urban projects would get funded.
Tell me more: The Western European nation is also investing €200 million (over Rs 1,400 crore) for the extension of the Bangalore metro network.