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policy Mint Op Tuesday, 5 May 2026 NEW

Is the dollar this era’s denarius? The greenback’s dominance seems in terminal decline

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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.

Summary

Thanks to the actions of Donald Trump, the US may be weakening the foundations of its own financial power. This echoes what happened to the Roman currency after the profligate reign of emperor Nero. However, it's still unclear what could replace the US dollar.

Key Facts

Type Policy
Source Livemint - Opinion
Published Tuesday, 5 May 2026
Affected Population 1.4 billion consumers, 300 million without reliable power

Key Numbers

500 GW non-fossil fuel capacity target by 2030
Saubhagya: 100% household electrification
175 GW renewable energy installed (2025)
Net-zero target: 2070

Key Authorities

Ministry of PowerMinistry of New & Renewable EnergyCEAMinistry of Environment, Forest & Climate ChangeCPCB

Key Stakeholders

Power ConsumersDISCOMsCoal IndustryForest CommunitiesPolluting IndustriesRenewable Energy Firms

Government Context

NDA III BJP-led NDA
Centre-Right
Left Centre Right

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