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Hindustan Times
28-05-2025
- Business
- Hindustan Times
Wastage as an economic, environmental opportunity
The chairman of ONGC, Arun Singh, and I were sitting in the Gaya airport lounge after addressing the IIM Bodh Gaya convocation in early April when I noticed some inefficiency at the airport and mentioned to him Kunal Shah's attention-grabbing comment about 'inefficiency being the world's biggest employer'. He smiled and offered another profound observation 'India's biggest opportunity is curbing waste'. He went on to say India and the world both need it and defended his argument with some telling statistics in the energy sector. This article is a result of his insight. In this era of tariffs, reciprocal tariffs, and punitive tariffs, our single biggest import item is oil. How much wastage is there in the use of oil, gas, and power? In this piece, we do not take up the wastage that bedevils our agriculture, especially its management of water; we focus only on energy use. Last year, India's oil bill stood at $137 billion. India consumes around 2,300 million barrels of oil though it produces only about 210 million barrels of crude oil a year. India's domestic production so far has only produced ~2.5 billion tonnes cumulatively, requiring us to import the bulk of our oil need. It is odd that a country of India's size does not have greater oil reserves. The fact is that it does. India has 12 billion tonnes of verified and proven oil and oil equivalent hydrocarbon reserves. Many estimates put the theoretical limit closer to 42 billion tonnes of oil and oil equivalent hydrocarbon reserves. However, this oil is not as easily accessible as in a clutch of West Asian and other oil-exporting countries. India only extracts about 35% of the oil from a domestic well on average. Most drilling sites are undersea ones and, after a certain depth, are not easy to extract economically. Despite oil's importance to India, there has been little technological innovation to make more domestic extraction, in a manner that makes economic sense, possible. Hence, most of the oil below the ground stays there. We import the bulk of our needs. In a Ricardian world (after David Ricardo, one of classical economics' giants) where global trade and comparative production advantages of countries maximally benefit national economies, that might have been fine. But, in today's splintering world, this leaves us exposed. There is a lot that can be done — from utilising state-of-the-art techniques for acquiring reservoir data to advanced drilling methodologies. Even a 10% increase in the overall recovery factor would have reduced our overall import bill by $12 billion annually over the past 10 years. To a lesser extent, the wastage extends to natural gas, too. Natural gas prices have been volatile after the Russia-Ukraine conflict. India is dependent on imports for half of its overall consumption. The gas lost during the overall transmission is referred to as Lost and Unaccounted for Gas (LUAG) and is computed at around 2.7%. If we dig further, we find that the internal combustion engine (ICE) does not use fuel efficiently. The latest ICE cars operate at an efficiency level of around 30%. If ICE engines operate at the efficiency of electric vehicles (EVs) — around 90% — we could cut 33 million metric tonnes of India's oil demand. Every five percentage points of improvement reduces oil demand by about 2,000 tonnes. If the ICE engines operated at the same efficiency levels as EVs, it would have an impact of $19 billion on India's oil import bill. Not only would we import less oil, but it would also be a boon for the environment too. For instance, by converting all ICE vehicles in Delhi to EVs, we can reduce PM2.5 levels by about 40 points on the air quality index. However, the topic of wastage does not end there. Just consider other instances of fuel consumption; imagine how much fuel airlines consume circling airports due to the lack of runways before landing. Similarly, ICE trucks transporting goods, apart from the poor efficiency in fuel-energy conversion, often return to their depots empty or with half loads due to information gaps and the absence of an efficient clearing platform. This raises logistics costs and makes manufacturing in India more expensive. The problem of wastage extends equally to power consumption as well. India's technical losses in transmission and distribution have significantly reduced the 'green' impact of EVs. Despite good progress in adding renewable energy capacity, India's overall power consumption is still dominated by thermal sources (contributing over 70% of the power drawn). The thermal-dominated grid incurs large transmission and distribution losses of around 15%. While significant progress has been made to address this, we are still four to five times more inefficient than China. Even a 1% reduction in the losses reduces the overall carbon footprint by around 2,400 million metric tonnes of CO2 equivalent. This is equal to converting all the four-wheelers in Delhi to EVs. Wastage is a big consumer of energy in India, a consumer we should not cater to today. As the world becomes more volatile and our economy bigger, en route to becoming the third largest economy in the world, the whole world would like us to consume less. As the explorer, Robert Swan, said, 'The greatest threat to our planet is the belief that somebody else will save it.' Let's begin a war on wastage to help ourselves! Janmejaya Sinha is chairman, BCG India, and Kaustubh Verma is managing director and partner, BCG. The views expressed are personal.
Scroll.in
24-05-2025
- Business
- Scroll.in
JIPMAT 2025 result declared at exams.nta.ac.in; download final answer key here
The National Testing Agency (NTA) has announced the Joint Integrated Programme in Management Admission Test 2025 (JIPMAT 2025) results today, May 24. Eligible candidates can download their results and final answer key from the official website The computer-based test was conducted on April 26, 2025. JIPMAT is a national-level entrance examination for admission to management programmes in the country, for admission to a 5-year integrated program in management in IIM Bodh Gaya and IIM Jammu for the Academic Year 2025-26. Steps to download JIPMAT result 2025
Time of India
24-05-2025
- Business
- Time of India
JIPMAT 2025 result declared: 12,939 candidates can download scorecards at exams.nta.ac.in
The National Testing Agency (NTA) has officially announced the results for the Joint Integrated Programme in Management Admission Test (JIPMAT) 2025 today, May 24. A total of 12,939 candidates appeared for the entrance exam, which was held on April 26 at 94 centers across 65 cities, including one international location. The JIPMAT exam is conducted for admission to the five-year Integrated Programme in Management (IPM) offered by IIM Bodh Gaya and IIM Jammu. Candidates who took the exam can now download their scorecards from the official website — The scorecard includes personal details, sectional and overall marks, and qualifying status. Candidates meeting the cut-off will be invited for the next stages of the admission process. How to Download JIPMAT 2025 Scorecard Candidates can access their scorecards by following these steps: Visit the official website: Click on the 'JIPMAT-2025: Click Here to Download Score Card' link. Enter your application number, date of birth, and security code. View and download the scorecard in PDF format. Print a copy for future reference. The scorecard includes details such as the candidate's name, roll number, category, sectional and overall scores, percentiles, and qualifying status. Details Mentioned on JIPMAT 2025 Scorecard The JIPMAT 2025 scorecard includes crucial information such as the candidate's name, roll number, application number, category, sectional scores, overall score, percentile, and qualifying status. Candidates are advised to carefully verify all details and report any discrepancies to NTA for correction. The scorecard will also serve as a key document during the admission process at IIM Bodh Gaya and IIM Jammu. Next Steps: Admission Process Candidates who meet the minimum cut-off scores will be contacted by IIM Jammu and IIM Bodh Gaya via their registered email addresses or through speed post for the next stages of the admission process. This will involve verification of eligibility criteria, self-declaration, and various documents as per the norms specified by the respective IIMs. For detailed information and updates, candidates are advised to regularly check the official JIPMAT website: . Invest in Their Tomorrow, Today: Equip your child with the essential AI skills for a future brimming with possibilities | Join Now
Hindustan Times
24-05-2025
- Business
- Hindustan Times
NTA JIPMAT 2025 result out, here's how to check scores
National Testing Agency, NTA has announced the Jount Integrated Programme in Management Admission Test or JIPMAT 2025 results. Candidates who have appeared for the JIPMAT exam can check and download the results from the official website, The direct link is given below. This year, 14,538 candidates registered for the exam, of whom 12,939 appeared. Candidates need to use their application numbers and dates of birth to check the result online. JIPMAT result 2025 direct link NTA conducted JIPMAT 2025 on April 26, 2025. The exam was held in Computer Based Test (CBT) mode. The paper comprised multiple choice questions (MCQs) from the following topics: Quantitative Aptitude, Data Interpretation and Logical Reasoning and Verbal Ability & Reading Comprehension. Ahead of the result announcement, NTA released the JIPMAT provisional answer key on May 1 and invited objections from candidates up to May 2, 2025. 1. Go to the official website of JIPMAT at 2. Open the result link available on the home page. 3. Enter your login details. 4. Submit and check the result. Joint Integrated Programme in Management Admission Test (JIPМАТ) is held for admission to the Integrated Programme in Management (IPM) at IIM Bodh Gaya and IIM Jammu. Candidates can visit the official websites for further information.
Scroll.in
30-04-2025
- Business
- Scroll.in
JIPMAT 2025 answer key released at exams.nta.ac.in; here's download link
The National Testing Agency (NTA) has released the Joint Integrated Programme in Management Admission Test 2025 (JIPMAT 2025) provisional answer key. Eligible candidates can download the answer key from the official website Applicants can submit suggestions, if any, by May 2 up to 6.00 pm. A fee of Rs 200 per suggestion is applicable. The computer-based test was conducted on April 26, 2025. JIPMAT is a national-level entrance examination for admission to management programmes in the country, for admission to a 5-year integrated program in management in IIM Bodh Gaya and IIM Jammu for the Academic Year 2025-26. Steps to download JIPMAT answer key 2025
