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Finance and Corporate Affairs Minister Nirmala Sitharaman will hold pre-Budget consultations with industry captains on December 30. The meeting, scheduled a month before Sitharaman will present her eighth consecutive Budget in the Parliament, comes at a time when the Indian economy is grappling with signs of a slowdown. After robust growth over the last three years, the economy seems to have slowed down in the first half of the current financial year, with both fiscal and monetary policy remaining restrictive. At their upcoming meeting with the Finance Minister, India Inc is now expected to pitch for measures to boost consumption, which is the largest component of GDP, to support high growth. While there has been some revival in private investments, global uncertainties—arising from sluggish economic recovery, geopolitical conflicts, and excess capacity in China, among other factors—continue to impede a broad-based recovery in private-sector investment. Industry representatives are likely to pitch for measures that would steer the economy through challenging times with a bold and forward-looking fiscal blueprint, sources said. In their pre-Budget discussions with Sitharaman and top Finance Ministry officials, industry leaders and heads of apex chambers of commerce are widely expected to urge the Centre to continue with the capex-led growth strategy followed in the recent years. This approach, which has been central to recent Budgets, is aimed at bolstering infrastructure, generating employment, and crowding in private investments. Corporates believe that sustained public investment in infrastructure and logistics will not only create a multiplier effect on economic activity but also catalyse private investment. In its proposals for Union Budget 2025-26, the CII has made a case for increasing the public capital expenditure by 25 per cent over 2024-25 (BE) to ₹13.9 lakh crore. Infrastructure related to rural areas, agriculture and the social sector (healthcare, education etc) should be given greater priority, CII has said. The new FICCI President Harsha Vardhan Agarwal recently told businessline that the apex chamber is advocating a 15 per cent hike in Central government capex for 2025-26. Sitharaman has consistently emphasised the importance of balancing growth with fiscal prudence. The CII has now said that the Union Budget 2025-26 should make interventions to support all engines of growth while continuing on the glide path announced for fiscal deficit and bring it to 4.5 per cent of GDP in 2025-26. A case has also been made by the CII to further improve the ease of doing business by bringing all regulatory approvals of Centre, States and local governments on the National Single Window System (NSWS). With GDP growth expected to moderate this fiscal— from the 8.2 per cent recorded in 2023-24 —due to global headwinds and domestic constraints, the upcoming Budget is being keenly watched for measures that can reinvigorate growth. Industry chambers such as the CII have emphasised that India’s real GDP must grow at a compound annual growth rate (CAGR) of 7.5–8 percent over the next 25 years for the country to achieve developed-nation status. Industry representatives are expected to push for policies that enhance ease of doing business, incentivise investments and reduce the cost of capital, at the December 30 meeting. A demand for more targeted incentives to boost private sector participation in sectors like manufacturing, technology, and green energy, which are critical to sustaining long-term grow, is also likely to be put forward. CommentsThis was the best part, when you think about it: The Columbia Lions were unimpressed with themselves. Here they were, dying moments of a basketball game that would soon be the source of bewilderment for college basketball fans everywhere — “Wait, that score’s backward, isn’t it?” — and the least surprised people inside Finneran Pavilion were the Lions themselves. “Honestly,” Geronimo Rubio de la Rosa says, “it wasn’t that big a surprise to us.” Everywhere else? Yes. Columbia 90, Villanova 80, that was a surprise. That was a stunner. Maybe Villanova isn’t where it was a few years ago under Jay Wright, but this was still a Big East team vs. an Ivy League team, still inside the Cats’ lair, and the Lions seized a 10-point lead midway though the second half and simply eased on home. That was Nov. 6.666 casino

Photo: Contributed Kristy Dyer, whose column Sustainability Spotlight usually appears in this spot every second week, is on an extended leave. Her column is expected to return in the spring. This is the first of a two-part series about renewable natural gas by our new climate action columnists Janet Parkins and Eli Pivnick. The second part wil appear Jan. 7. According to FortisBC, renewable natural gas is a low-carbon energy that can help B.C. reach its climate action goals and provides an option for its customers to reduce overall greenhouse gas emissions. But what is it really? The name “renewable natural gas” is a marketing term coined in North America to describe methane gas produced from biological waste. Outside North America, it is more accurately known as “biomethane”. RNG is methane gas, chemically identical to fossil natural gas, sourced from decaying organic material. Nearly all available RNG is created in landfills, sewage treatment plants and livestock manure ponds on large industrial farms. When animal waste and trash decay in the absence of oxygen, the microbes that break them down produce gases that contain methane. The methane can be captured, purified and pumped into a pipeline. In the pipeline, RNG is indistinguishable from its fossil fuel counterpart. Burning RNG produces the same amount of carbon dioxide (CO2) as fossil gas. It’s only considered a “carbon-neutral” fuel because its source materials are already considered to be “in” the atmosphere. FortisBC's goal is to have 75% of the gas in its system be renewable, or low-carbon, by 2050. That could prove to be unrealistic. Natural Resources Canada found nationally sourced RNG can only supply 3.3% of our natural gas needs. To meet its target, FortisBC plans to purchase about 70% of its RNG from the Eastern U.S., Alberta and Ontario by 2030, in the form of credit-like “environmental attributes” for RNG made in other places. The process is renewable gas is created and used by a gas utility, which sells that gas to its customers as fossil gas. FortisBC sells an equivalent amount of fossil gas, using the purchased carbon neutral “attribute” from the renewable gas produced elsewhere to brand its fossil gas as “renewable.” This is a confusing process, currently has no independent agency or system oversight to ensure FortisBC and other gas utilities aren’t double counting the carbon neutrality of RNG at both the source and use locations. FortisBC’s proposed largest future RNG suppliers use uncommon production practices. One is injecting high-pressure steam at extremely hot temperatures (above 8,000 C) into waste, producing a mix of gases called “syngas” or synthesis gas, which is then processed again with heat to produce pure methane for RNG. Energy is lost at each step of the process. Another method is similar in the use of high-steam and high-heat, but uses waste wood, losing about half the initial wood energy in the process. That technology is untested at a commercial scale and research on non-RNG wood biomass plants in B.C. has found evidence companies sometimes use whole, previously live trees rather than wood waste. FortisBC lists two Ontario cities among its largest future RNG suppliers—Greater Napanee and Hamilton. As of March 2024, Greater Napanee was not aware of the proposed project, and no permit applications had been submitted. The Hamilton project was to begin producing renewable natural gas in 2023, but in 2019 Hamilton city councillors unanimously rejected the proposal and later signed a contract with another company to collect its waste until 2028. Beyond its existing contracts, FortisBC’s prospects of buying cheap, plentiful RNG from elsewhere appear slim because FortisBC must compete with utilities in Quebec, New York, Nevada, Massachusetts and Washington state that have pitched RNG to their customers as a way to decarbonize. RNG is methane produced from biological sources and so it is, in theory, renewable. Compared to fossil methane (natural gas) it is very limited in supply and will never be able to provide more than a very small portion of our needs. Janet Parkins is a member of Frack-Free BC and Climate Action Now! North Okanagan. This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.10-man Botafogo wins its first Copa Libertadores title

BREAKING: B.C. NDP and B.C. Greens sign 'stable governance' agreement( MENAFN - The Rio Times) In a bold move to address energy concerns, Russia has announced a six-year ban on Cryptocurrency mining across ten regions, starting January 1, 2025. This decision marks a significant shift in the country's approach to digital currencies. It highlights the growing tension between technological innovation and resource management. The ban will affect key areas including Dagestan, Chechnya, and the recently annexed territories of Donetsk and Lugansk. Additionally, seasonal restrictions will be imposed in Siberian regions like Irkutsk, known for its cheap electricity and large mining operations. These measures aim to prevent power shortages during peak consumption periods, particularly in winter months. This crackdown comes on the heels of new legislation signed by President Vladimir Putin in late 2024, which legalized and regulated crypto mining activities. The law requires miners to register with the Federal Tax Service and report their earnings, bringing the industry under closer government scrutiny. The ban's impact extends beyond individual miners to include mining pools, potentially reshaping Russia's position in the global crypto market . As of early 2022, Russia ranked among the top five countries in Bitcoin hash rate. It contributed significantly to the network's overall computing power. While the government frames these restrictions as necessary for energy stability, critics argue they may hinder economic growth and individual freedom. The debate underscores the challenge of balancing technological progress with resource management in the digital age. As Russia navigates this complex landscape, its actions may set a precedent for other nations grappling with similar issues. In short, the outcome of this policy shift will likely influence the future of cryptocurrency mining and energy policy worldwide. MENAFN25122024007421016031ID1109030123 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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