Photo: Jacques Brinon, AP
Photo: Jacques Brinon, AP
NEW DELHI, July 28, 2020 /PRNewswire/ — Azure Power, a leading solar power producer in India, has been awarded the Most Sustainable Company in the Solar Energy Industry by World Finance Magazine. Azure Power received the award for their effective environmental, social and governance pillars, and operating their business while meeting sustainable needs. Azure Power has cut emissions, reduced water consumption and ensured their physical waste is disposed properly and with as little carbon footprint as possible. Over the years, Azure Power has avoided over 5.2 million tons of CO2 equivalents since inception, realized 50% savings last year in water consumption per unit of electricity generated and created over 4,300 local jobs since inception in the remote communities we operate in.
Through Azure Power’s corporate social responsibility (CSR) efforts, they have made a positive impact on the communities they operate in and improve livelihood among rural households through
Analysts and investors like to use letters to describe the condition of the U.S. economy and markets. V-Shaped, which is a sudden drop followed by a surge; W, the ultimate fake out, where output sinks,
rises and then falls again; U, where after a sudden shock, the economy meanders and then starts to rise; and then the dreaded L, a drop, followed by a sluggish, sideways economy that never returns to its previous glory days. (One more that is fun for math geeks is the square root, where output drops, rises and then levels off.)
Here’s one more letter to consider when thinking about the financial and economic impact of the coronavirus: K. The sudden stop in the economy impacted the entire country, as jobs vanished and the stock market crumbled. Fortunes soon diverged: white collar workers who could stay at home and continue to earn money were
U.S. GDP plummeted by 32.9 percent in the second quarter of this year, but disposable personal incomes were up by 42.1 percent. That is thanks to an unprecedented level of government spending to keep the economy afloat. Since the coronavirus pandemic triggered mass layoffs and furloughs and shuttered businesses in March, the U.S. federal government has provided an extra $600 per week in unemployment insurance benefits—money used to pay rent, buy food, and keep up consumer spending. Four months later, new unemployment claims are rising again as the growing number of COVID-19 cases in the South and West forces businesses to close down.
Every country has faced grim economic side effects from lockdown, but the attempted solutions vary widely. Some are relying on direct grants to citizens, some on compensating businesses, and some simply on muddling through the chaos. Many have been more successful than the United States. And as