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The prosperous have strong carbon footprint, world's billions at the bottom of development ladder seek space to grow: PM Modi #COP21
India must grow rapidly to meet aspirations of 1.25 billion people, 300 million of whom are without access to energy: PM #COP21
People and planet are inseparable; human well being and nature are indivisible: PM Modi #COP21
By 2030, we will reduce emissions by 33 to 35% per cent of 2005 levels: PM Modi #COP21
Climate justice demands that, with the little carbon space we have, developing countries should've enough room to grow: PM Modi #COP21
Developed countries must make clean energy available, affordable and accessible to all in the developing world: PM Modi #COP21
We need conventional energy. We should make it clean: PM Modi #COP21

President Hollande, Excellencies,

The pain of Paris is yet to heal. So, I speak in admiration for your resilience and resolve. And, I salute the world for standing, in full strength, with France and Paris.

Over the next few days, we will decide the fate of this planet. We do so when the consequences of the industrial age powered by fossil fuel are evident, especially on the lives of the poor.

The prosperous still have a strong carbon footprint. And, the world's billions at the bottom of the development ladder are seeking space to grow.

So, the choices are not easy. But, we have awareness and technology. We need now national will and a genuine global partnership.

Democratic India must grow rapidly to meet the aspirations of 1.25 billion people, 300 million of whom are without access to energy.

We are determined to do so, guided by our ancient belief that people and planet are inseparable; that human well being and Nature are indivisible.

So, we have set ambitious targets. By 2030, we will reduce emissions by 33 to 35% per cent of 2005 levels, and 40 per cent of our installed capacity will be from our non- fossil fuels.

We will achieve it by expanding renewable energy - for, example, by adding 175 Gigawatts of renewable generation by 2022. We will enlarge our forest cover to absorb at least 2.5 billion tonnes worth of carbon dioxide.

We are reducing dependence on fossil fuel through levies and reduction in subsidies; switching sources of fuel where possible; and, transforming cities and public transportation.

We hope advanced nations will assume ambitious targets and pursue them sincerely. It is not just a question of historical responsibility. They also have the most room to make the cuts and make the strongest impact.

And, climate justice demands that, with the little carbon space we still have, developing countries should have enough room to grow.

This also means aggressive mitigation action by developed countries before 2020, including ratification of 2nd Commitment period of Kyoto Protocol, removing conditions and revisiting targets.

The principles of equity and common but differentiated responsibilities must remain the bedrock of our collective enterprise across all areas - mitigation, adaptation and means for implementation. Anything else would be morally wrong; and disparities.

Equity means that national commitments must be consistent with the carbon space nations occupy.

We also need a strong Agreement on Adaptation and Loss and Damage.

Developed countries must fulfill their responsibility to make clean energy available, affordable and accessible to all in the developing world. This is in our collective interest.

So, we look to the developed countries to mobilize 100 billion US Dollars annually by 2020 for mitigation and adaptation in the developing countries. They must fulfill their commitment in a credible, transparent and meaningful manner.

Energy is a basic human need. So, we need an ambitious technology initiative, driven by a public purpose, not just market incentives. This includes intellectual property. For this, we need to scale up Green Climate Fund that will improve access to technology and intellectual property.

We still need conventional energy. We should make it clean, not impose an end to its use. And, there should be no place for unilateral steps that become economic barriers for others.

We welcome stocktaking that is transparent, covers both support and commitments, and based on differentiation.

Ultimately, for success, moderating our lifestyle is necessary, and possible, for a low carbon future.

Excellencies, The presence of 196 countries tells us that we have a chance to unite behind a common purpose.

We will succeed if we have the wisdom and courage to craft a genuinely collective partnership that balances responsibilities and capabilities with aspirations and needs.

I am confident that we will.

Thank You.

 

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Package for Promotion of Digital and Cashless Economy
December 08, 2016
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Govt introduces a package of incentives for promotion of digital and cashless economy
0.75% discount on purchase of petrol/diesel through digital means
Deployment of 2 POS devices each in 1 Lakh villages with population of less than 10,000
Discount upto 0.5% for monthly or seasonal tickets from January 1, 2017, if payment is made digitally
All railway passengers buying online ticket shall be given free accidental insurance cover of upto Rs. 10 lakh

In the aftermath of the cancellation of the legal tender character of old Rs.500 and Rs.1,000 notes, there has been a surge in the digital transactions through use of credit/debit cards and mobile phone applications/e-wallets etc. To further accelerate this process, the Central Government has decided on a package of incentives and measures for promotion of digital and cashless economy in the country. 

These incentives/measures are following: 

  1. The Central Government Petroleum PSUs shall give incentive by offering a discount at the rate of 0.75% of the sale price to consumers on purchase of petrol/diesel if payment is made through digital means.

Nearly 4.5 crore customers buy petrol or diesel at such petrol pumps per day who can take benefit of this incentive scheme.  It is estimated that petrol/diesel worth Rs.1800 crore is sold per day to the customers out of which nearly 20% was being paid through digital means.  In the month of November 2016 it has increased to 40% and the cash transaction of Rs.360 crore per day have got shifted to cashless transaction methods.  The incentive scheme has the potential of shifting at least 30% more customer to digital means which will further reduce the cash requirement of nearly Rs. 2 lakh crore per year at the petrol pumps.

  1. To expand digital payment infrastructure in rural areas, the Central Government through NABARD will extend financial support to eligible banks for deployment of 2 POS devices each in 1 Lakh villages with population of less than 10,000.  These POS machines are intended to be deployed at primary cooperative societies/milk societies/agricultural input dealers to facilitate agri-related transactions through digital means.

This will benefit farmers of one lakh village covering a total population of nearly 75 crore who will have facility to transact cashlessly in their villages for their agri needs. 

  1. The Central Government through NABARD will also support Rural Regional Banks and Cooperative Banks to issue “Rupay Kisan Cards” to 4.32 crore Kisan Credit Card holders to enable them to make digital transactions at POS machines/Micro ATMs/ATMs.
  1. Railway through its sub urban railway network shall provide incentive by way of discount upto 0.5% to customers for monthly or seasonal tickets from January 1, 2017, if payment is made through digital means.

Nearly 80 lakh passengers use seasonal or monthly ticket on suburban railways, largely in cash, spending worth nearly Rs.2,000 crore per year.  As more and more passengers will shift to digital means the cash requirement may get reduced by Rs.1,000 crore per year in near future.

  1. All railway passengers buying online ticket shall be given free accidental insurance cover of upto Rs. 10 lakh.

Nearly 14 lakh railway passengers are buying tickets everyday out of which 58% tickets are bought online through digital means.  It is expected that another 20% passengers may shift to digital payment methods of buying railway tickets.  Hence nearly 11 lakh passengers per day will be covered under the accidental insurance scheme.

  1. For paid services e.g. catering, accommodation, retiring rooms etc. being offered by railways through its affiliated entities/corporations to the passengers, it will provide a discount of 5% for payment of these services through digital means.

All the passengers travelling on railways availing these services may avail the benefit.

  1. Public sector insurance companies will provide incentive, by way of discount or credit, upto 10% of the premium in general insurance policies and 8% in new life policies of Life Insurance Corporation sold through the customer portals, in case payment is made through digital means.
  1. The Central Government Departments and Central Public Sector Undertakings will ensure that transactions fee/MDR charges associated with payment through digital means shall not be passed on to the consumers and all such expenses shall be borne by them.  State Governments are being advised that the State Governments and its organizations should also consider to absorb the transaction fee/MDR charges related to digital payment to them and consumer should not be asked to bear it.
  1. Public sector banks are advised that merchant should not be required to pay more than Rs. 100 per month as monthly rental for PoS terminals/Micro ATMs/mobile POS from the merchants to bring small merchant on board the digital payment eco system.

Nearly 6.5 lakh machines by Public Sector Banks have been issued to merchants who will be benefitted by the lower rentals and promote digital transactions.  With lower rentals, more merchants will install such machines and promote digital transactions. 

  1. No service tax will be charged on digital transaction charges/MDR for transactions upto Rs.2000 per transaction.
  1. For the payment of toll at Toll Plazas on National Highways using RFID card/Fast Tags, a discount of 10% will be available to users in the year 2016-17.