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On the risks from elevated jet fuel prices and rupee depreciation, the ratings agency said that both have a “major bearing” on Indian carriers’ cost structure.
The rating agency has also maintained its stable outlook on the industry in view of healthy passenger traffic growth, improved yields and a stable cost environment.
The analysts expect the road awards to fall to 7,000-7,500 km, from 12,375 km in FY23.
With significant criticism over the language on fossil fuels and the lack of a financial plan in the final text of the UAE Consensus, its implementation will determine the future of the world’s fight against the climate emergency , , fossil fuels
India Renewable Energy: India is expected to add 38 gigawatts (GW) of renewable energy capacity by March 2025, reaching a total of 170 GW, according to an analyst from ICRA. The forecast is supported by policy backing and a decline in solar module prices. The capacity addition is likely to be aided by an increase in tendering activity, with over 16 GW of projects bid out so far and another 17 GW bids underway by central nodal agencies.