Is Lithium the new white gold

Lithium the new pronounced white gold? The Ministry of Mines, Govt. of India reported the discovery of 5.9 million tonnes of inferred lithium ore on their Twitter account on 9th February'23. The lithium resources have been discovered in Reasi, at kashmir, India. The government celebrated the discovery as it will help the “Aatmanirbhar Bharat” plan.

This deposit alone makes India the fifth-largest lithium reserve in the world. This could be a geopolitical game-changer since lithium is soaring due to its scarcity and surging demand.

What is lithium?

Lithium is one of the most sought-after minerals globally. The element was first discovered in 1817 by Johan August Arfvedson. The metal with the lowest density, lithium, reacts vigorously with water and is toxic in nature.

How can lithium be revolutionary?

Lithium-ion batteries revolutionised electronic communications, computing, and digitisation and are now powering the world moving towards clean energy, a much-needed switch from gas-guzzling and carbon-emitting technologies of the past. To achieve net-zero carbon emissions, the world needs lithium. Harmful emissions like Carbon Dioxide and Methane are generated when we burn fossil fuels. We need to cut back on emissions, fossil fuels need to be dumped. Hence, switching to alternatives, like electric cars and renewable energy is crucial.

Is the world is in need of lithium? 

At the current rate of carbon emissions, the world will need at least 2 billion (200 crores) EVs, hence the demand for EVs is increasing rapidly.

Lithium is the lightest metal in the world, so the batteries made from lithium would also not weigh down a car. It can last longer than other batteries and live through multiple cycles.

How does Lithium enlight India?

India needs investments to the tune of Rs 33,750 crore to achieve the government PLI target of setting up 50 GWh of lithium-ion cell and battery manufacturing plants, according to a study. India’s electric vehicle market is expected to hit annual sales of 1 crore units by 2030, according to the Economic Survey 2022-23.

As per industry estimates, the total EV sales in India stood at 10 lakh units in 2022.

The analysis, as per CEEW, is based on the minimum manufacturing plant capacity (5GWh) allocated under the Production-Linked Incentive (PLI) scheme.

For a green future, lithium will be as important as oil and gas are today. It’s in India’s strategic interest to secure not just the mineral, but also set up the required cell and battery manufacturing systems.

It will reduce India’s imports in the long run, and power its grid and EV transition.

Traditional Street Food Business Model in India

Ever wondered how the hawkers and vendors contribute to a country's economy?

India is incomplete without the sounds of the street vendors, the buzzing of horns and the constant noise of vending slogan which engulfs every street. That’s the remarkable quality about our country, every street is unique in itself, every road has a different story, and every hawker with his own unique talented business going on.

Despite the law having legalised the activity from 2014. In past history, street vending was illegal in urban India for almost six decades. Yet street vending remains a viable source of employment for many.

Want to start export/import business? No idea how to start an export business?

 Hope this serves the need of your search, India has become a popular destination for import sourcing. India is one of the countries in the top twenty nations of the world in the list of high volume exporting countries and is a world leader in various goods for exports like coffee, tea, spices, and certain gemstones.

First and foremost, you must know how to legally set up the export business in India, and then we shall proceed with the process. To ensure the safe and legal export of goods, the export business must follow a simple process.

Here are the steps on how to export from India, necessary documentation and formalities required.

Since liberalization has entered the Indian economy, the process has become even easier and more accessible.

What if milk is curdled while preparing semiya payasam with jaggery what are the side effects caused by if we eat it

First of all let's know about how to cook semiya Or sev (vermicelli) payasam by using milk and jaggery as added sweetner. A thumb rule for cooking payasam is to cook every ingredients separately and mix it at the end. 

Step 1:

Fry semiya Or sev (Vermicelli) by added ghee in low steam untill it turns into golden brown colour. 

Step 2: 

Fry cashewnuts, dry grapes by adding ghee in pan.