China’s capital and its adjoining areas will end coal usage by 2020 to reduce the recurring smog in Beijing and improve air quality .
Beijing wants to replace coal-fired stoves with that of electricity and gas.
Beijing has declared that it will wipe out coal use in its most rural areas by 2020.
60 per cent of smog content is caused by coal burning in the starting phase of each smog .
30 per cent of the pollution comes from automobiles.
Burning coal for winter heating has been listed as one of the primary causes of air pollution.
Disinvestment Receipts The term refers to the money raised by the Government through disinvestment, or the sale of its equity stake in companies it owns. Fiscal Responsibility and Budget Management Act The Act is an attempt to make the Government adhere to a phased plan to reduce fiscal deficit, which denotes an excess of expenditure over revenue. Dividend Distribution Tax This is a tax levied on companies that pay out dividends to its shareholders, i.e. share a portion of earnings with them. Venture Capital Funds These are funds that invest in startups, a financially riskier proposition than investing in established companies. Securities Transaction Tax It is a tax on all transactions done over the stock exchanges involving securities such as shares, derivatives, and equity-linked mutual funds. Wholesale Price Index (WPI) It is a measure of inflation, or price change, arrived at after regularly measuring the prices of a slew of wholesale goods. Consumer Price...
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