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Air pollution hurts growth: It is time to try new ideas

Mint Mumbai

|

December 06, 2024

It astonishes sympathetic global observers that India, with its wealth of public policy experts, should be so inept at handling a major threat to the health and productivity of its population, afflicting not just Delhi, but the entire northern belt of the country in the concluding months of every calendar year.

- INDIRA RAJARAMAN

In mid-November, Delhi achieved the distinction of being the world's most polluted city by Swiss agency IQAir's live rankings. Delhi had the top rank among polluted capital cities in the IQAir annual report for 2023.

If this is going to be an unsolvably predictable annual event, instead of the Graded Response Action Plan (GRAP) responding behind the curve to close down construction sites and educational institutions and bar entry of trucks into the city, there should be a pre-announced construction shutdown at this time of year and a consolidated school vacation in November-December instead of separate holidays in summer and winter.

But the problem cannot be allowed to recur year after year as an outcome of political wrangling. Ajay Shankar, formerly in the power ministry in senior capacities, has presented a feasible plan for the farm fires problem, calling for payments to farmers for uprooting stubble, which can then be pelletized for use as fuel in power plants (Hindustan Times, 5 November 2024). The fiscal cost would be far less than the cost in terms of growth and fiscal revenues of continuing to limp along as we presently do.

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

Bank-funded acquisitions won't displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Air India lobbies to use airspace over China's Xinjiang

India-China flights resumed after a five-year hiatus.

time to read

1 mins

November 20, 2025

Mint Mumbai

Nitish Kumar to take oath as Bihar CM

JD(U) supremo Nitish Kumar to be sworn-in as Bihar chief minister for a record 10th time.

time to read

1 min

November 20, 2025

Mint Mumbai

Mint Mumbai

A fresh perspective on abstraction in art

A new exhibition in Mumbai showcases different approaches to abstraction by artists like Zarina, Seher Shah and Mehlli Gobhai

time to read

3 mins

November 20, 2025

Mint Mumbai

Govt eyes post-cut GST revenue surge

FinMin expects Nov GST receipts growth to rebound to 10%

time to read

2 mins

November 20, 2025

Mint Mumbai

PayMate pulls plug on West Asia operations

The Visa-backed B2B payments firm is scrambling to raise more funds

time to read

2 mins

November 20, 2025

Mint Mumbai

Exide's dual bet: Can lithium-ion offset a weakening core?

Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.

time to read

1 mins

November 20, 2025

Mint Mumbai

Bank-funded acquisitions won’t displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Afghanistan trade minister seeks India investments, goods

Afghanistan's Taliban trade minister arrived in India on Wednesday on a maiden visit to draw greater investments and goods as both countries consider ways to enhance their relations in the backdrop of souring relations with neighboring Pakistan.

time to read

1 min

November 20, 2025

Mint Mumbai

Mint Mumbai

Fractal Analytics bets heavily on R&D in AI race before IPO

Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.

time to read

2 mins

November 20, 2025

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