Business News: India’s foreign exchange reserves at record level
Business News: India's foreign exchange reserves at record level
India’s foreign exchange reserves have increased to $ 622.469 billion this week, which is the highest level in the last one month. This has increased by $ 5.736 billion compared to the previous week ending February 2. According to the weekly data of the Reserve Bank, the largest share in India’s foreign exchange reserves was foreign currency assets, which increased by $ 5.186 billion to $ 551.331 billion. Foreign currency assets include assets such as US Treasury bills purchased by the Reserve Bank using foreign currencies. Foreign currency assets constitute the largest share in foreign exchange reserves. Gold reserves have also increased by $680 million to $48 billion. In October 2021, India’s foreign exchange reserves reached the highest level of $ 645 billion. However, in the year 2022, there was a significant decline in foreign exchange reserves due to increasing cost of imports. Now once again it seems to be moving towards the highest level.
Will get 65 percent energy from renewable energy by 2030
Union Minister RK Singh says that by the year 2030, we will be able to meet 65 percent of our total energy needs from renewable energy. The Union Minister said that currently 44 percent of India’s total energy needs are derived from non-fossil fuels and this is likely to reach 65 percent by the year 2030. RK Singh said that this is much more than the target set in the 2021 COP conference.
In the COP26 conference held in Glasgow, India had set a target of getting 500 GW of energy from non-fossil fuels by the year 2030, which is 50 percent of India’s total energy requirement, but now we can get 60-65 percent of the energy from renewable energy. Are. This will reduce one billion tons of carbon emissions by 2030. Union Energy Minister RK Singh said this during the Energy and Resources Institute World Sustainable Development Summit on Friday. He said that 1,03,000 MW capacity of renewable energy is currently being created in the country. Bidding is going on for 71 thousand MW.
