India ‘Doesn’t Want Foreign Coal’ FacebookTwitterLinkedInEmailPrint分享Tim Loh for Bloomberg News:India has some bad news for the world’s struggling miners: it doesn’t want foreign coal.“I’m trying to find new reserves so I can remove my dependence on imports,” the country’s coal and power minister Piyush Goyal said in an interview Friday at Bloomberg’s headquarters in New York. Asked when India might stop importing the power-plant fuel altogether, Goyal said “I wish it was yesterday. Maybe two or three years.”In recent years, India’s been considered a possible savior for beleaguered coal miners including Peabody Energy Corp. that have suffered amid slowing Chinese demand and plummeting commodity prices. But it may be no white knight. In 2015, it increased its own production of the power-plant fuel and slashed imports in “a big way,” according to Andrew Cosgrove, a Bloomberg Intelligence analyst.That trend will probably accelerate in coming years as India seeks to increase its annual electricity production fourfold by 2030, to as much as 4.5 trillion kilowatt-hours from 1.1 trillion kilowatt-hours at present, Goyal said. State-owned Coal India Ltd., the world’s biggest coal producer, plans to increase annual production to about 1 billion tons in the next four years, while India’s overall domestic coal output could climb to 1.5 billion tons, he said.The company, which produces more than 80 percent of India’s coal, reported record production and dispatches during the year ended March 31, after faster land purchases and government approvals led to the opening of new mines.India is developing new shipping routes and adding railroad capacity to transport domestic coal from mining areas to coastal power plants in hopes of further reducing its reliance on foreign coal.“At the end of the day, I may only be left with imports to the extent where certain plants are designed for imported coal,” Goyal said. “Until the time I can either retrofit or replace those plants.”India’s Energy Minister Wants to Cut Coal Imports to Nothing
Cloud adoption has continued to increase across the financial sector. And why not? Over the last few years, the benefits of using cloud based technology for your credit union has indeed become more popular, as some of the myths have been debunked and usage has become more widespread. Cloud-based systems can be customized and scaled to fit any size credit union and can bring efficiencies to your credit union’s core technology. Taking your tech into the cloud might be just what you’re looking for.Here are 5 reasons why hosting your core technology in the cloud is a great idea.Enhanced data securityData security is a high priority for any business, but even more so in the financial sector. When switching over to core in the cloud, one of the great benefits is that the data is stored remotely, securely and redundantly. Choose a system and service provider that not only stores critical system and member data in the cloud but also documents and images. Rest assured that your critical data is effectively locked away and safeguarded, available only to you and your members.The cloud will make your IT staff more efficientChoosing to migrate to a service provider who can host your core technology in a cloud may sound like a huge undertaking but it will generate efficiencies and provide cost-savings in the long run. It will free up your IT staff and give them more time to work on member-facing tech improvements or projects. This can alleviate them from being tied down with daily maintenance, vendor management or disaster recovery planning. Removing the need for third-party vendors to help maintain your system also reduces cost and streamlines problem resolution. continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr