ice ) in cost and performance. the biggest electric vehicle car maker is not from the traditional car maker companies. similar creative disruption is also visible in the two - wheelers space. with supportive policies, greener technologies can yield economic and environmental 2 / 5 bis central bankers'speeches benefits. 13. fifth, india ’ s energy sector is also witnessing significant churning and technological transformation. as india grows rapidly, its energy demand is expected to pick up in the near future. currently, a large part of the energy demand is met from fossil fuels, with significant import dependence. india aims to increase the share of non - fossil fuels to 40 per cent ( 450gw ) of total electricity generation capacity by 2030, as part of the goals set under the paris agreement within the united nations framework convention on climate change ( unfccc ). 1 with a view to give a boost to the agriculture sector and to reduce environmental pollution, the government had launched the ethanol blended petrol ( ebp ) programme, which would help in cleaner air besides saving on fuel imports. the percentage of ethanol blending by oil marketing companies has risen from 1. 5 per cent in 2013 – 14 to 5. 0 per cent in 2019 – 20 and is further expected to rise to 8. 5 per cent in 2021 – 22, on course to achieve 20 per cent target by 2025. 2 the drive towards renewable energy is a step in the right direction both for energy security as well as environmental sustainability, which are critical for our long - term economic growth. 14. sixth, in the post - pandemic period, global trade will remain vital for faster recovery. reflecting congenial policy environment and supportive external demand, india ’ s exports have rebounded, with a broad - based double - digit growth during the first half of 2021 – 22. india ’ s exports of agricultural commodities, including geographical indications ( gi ) certified products to newer destinations, offer favourable prospects for overall export. furthermore, exports of engineering goods – which account for around one - fourth of india ’ s total exports – experienced robust growth across product categories and newer markets. to further strengthen the export potential, there is a need to enhance the share of high - tech engineering exports to achieve an ambitious engineering export target of us $ 200 billion by 20303. 15. to achieve our objectives in all the areas which i have outlined so far, we need a big push to infrastructure particularly in areas of health, education, low carbon and digital economy in

duvvuri subbarao : mint road milestones talking points by dr duvvuri subbarao, governor of the reserve bank of india, at the inauguration of newsibition, kolkata, 8 december 2010. * * * i am delighted to inaugurate this newsibition of the reserve bank in this city of joy. last year, the reserve bank celebrated our platinum jubilee. as part of the celebrations, we documented the 75 years of the reserve bank ’ s history in the form of a book – mint road milestones. milestones is rich treasure trove of archival material including, photographs, news clippings, documents along with a commentary which weaves them all together in an interesting narrative. in fact, the material that we collected was so interesting and rare that we thought it would be a great public service to put it up all in the form of an exhibition and make it accessible to a much wider audience. but why are we setting up the exhibition in kolkata? because, kolkata is where it all began. the reserve bank ’ s first central office was located here in this very building. it is thus appropriate that any effort to document the banks past and project its future be located here. this exhibition is a part of the bank ’ s outreach efforts to demystify the central bank. it seeks to introduce the viewer to the broad canvas, considerations and changing facets of thought that lay behind the bank ’ s policy efforts over the years. the display is divided into nine sections representing different phases in the bank ’ s evolution. these take the viewer down 75 years of central banking history covering critical events and policies. the reserve bank took birth here in kolkata on april 1, 1935 as a private shareholders institution. it shifted to mumbai shortly thereafter and was nationalized in 1949. soon after independence, the bank repositioned itself to meet the aspirations of an infant democracy and dovetailed its functions to the demands of a poor country with ambitious development goals. the 60s were a period of institution building where the reserve bank helped formalize systems for agricultural and industrial credit ; catalyzed institutions such as the state finance corporations and helped set up the deposit insurance corporation, the unit trust of india as the first mutual fund, the idbi as an apex development bank, etc. the 70s saw the nationalization of banks which heralded a new era when banking was taken from the classes to the masses. this was also the period when banks performed a critical role in