TRADE AND TRANSIT ENHANCEMENT
Working Group discusses Chabahar Port's role in supporting Afghanistan's reconstruction, eco development
India hosted the Third Working Group meeting on Chabahar Port, emphasizing its significance in bolstering Afghanistan's reconstruction and economic growth. Participants highlighted the port's role in providing an alternative trade route to Central Asia and discussed strategies to enhance regional connectivity.
COP29 kicks off in Baku with focus on finance, trade: All you need to know
The UN's COP29 climate summit commenced in Baku, Azerbaijan, with nearly 200 countries convening to address urgent climate concerns. Key agenda items include establishing a new climate finance fund for developing nations, potentially reaching $1 trillion annually, and revising global emissions trading rules.
China, Indonesia seal $10 bn in deals focused on green energy and tech
Indonesia and China solidified their strategic partnership during Indonesian President Prabowo Subianto's visit to Beijing. The two nations inked $10 billion worth of deals spanning various sectors, including new energy, technology, and food security. Agreements focused on collaboration in areas like electric vehicles, digital technology, and ensuring the stability of global mineral supply chains.
IGX MD Mediratta envisions efficient gas market in Northeast India
Indian Gas Exchange plans to integrate Northeast India's gas producers with national markets. This initiative will boost the region's economy and reduce reliance on gas imports. The move is expected to attract new industries, create jobs, and make gas more affordable for households.
Energy transition: India remains highly dependent on imports of critical minerals, says report
India relies heavily on imports for critical minerals like lithium, cobalt, and nickel. The demand for these minerals may more than double by 2030. The country must develop an import strategy, partnerships with mineral-rich nations, and domestic mining operations to meet its renewable energy goals. Developing local lithium refining capabilities and exploring alternative trade partners are crucial steps forward.
7 factors contributing to India's capex cycle revival
For most of the past decade, India's capex growth remained subdued. From 2013 to 2018, capex growth averaged around 3-4%, with infrastructure and manufacturing facing underinvestment. This slowdown was primarily due to policy uncertainties, weak demand, high corporate debt, and challenges in land acquisition and project approvals.
Trump hates Biden's climate law. His allies are making money from it
Donald Trump vows to eliminate Biden's climate subsidies if elected, despite close allies and fundraisers benefiting from them. Investments by prominent figures in solar power, carbon capture, and electric vehicles tied to the Inflation Reduction Act may face significant risks if Trump's policies prevail.
India, ASEAN can work on regional policy framework for green energy transition: CERC member
Singapore, India, and ASEAN can develop a regional policy for green energy using small modular nuclear reactors. This initiative aims to diversify energy sources and reduce carbon emissions. Harish Dudani of the Central Electricity Regulatory Commission emphasizes the importance of cooperation, regulatory frameworks, and international support for safe and secure nuclear energy development.
Top Navy commanders decide to enhance India's combat prowess in strategic waters
Indian Navy commanders have decided to enhance combat capabilities in the Indian Ocean amid China's increasing presence. The decision was made after a four-day conference, emphasizing maritime security and self-reliance. Defence Minister Rajnath Singh urged preparedness for global security challenges and praised the Navy's role in maintaining regional peace.
India@2030: Double its GDP to $7 trillion
India aims to double its GDP to $7 trillion by 2030, driven by economic reforms, digital transformation, and increased manufacturing. Key areas include agriculture modernization, energy transition, and strategic trade alliances. Collaboration among government, industry, academia, and civil society is crucial for achieving this ambitious target.
Higher freight costs, container import dependence hurt India¡¯s exports: GTRI
India needs to boost container production, promote domestic use, strengthen shipping firms, and enhance port infrastructure. High freight costs, container shortages, and reliance on foreign carriers challenge exports. Domestic shipping handles only 5-10% of trade volume, with heavy dependence on Chinese containers making India vulnerable to supply disruptions.
Unilateral carbon, digital measures create trade tensions: WTO
The WTO warns that unilateral approaches to the digital economy and low-carbon transition could cause trade tensions and distortions. It emphasizes the need for multilateral policies to reduce poverty and inequality, benefiting vulnerable groups. The report highlights the importance of inclusive trade agreements and investment facilitation for development.
View: India-Singapore ties will enable us to enhance economic cooperation
India's engagement with Singapore has grown significantly, driven by the 'Act East Policy.' Key areas of collaboration include infrastructure, sustainability, artificial intelligence, skill development, and advanced manufacturing. These partnerships aim to enhance economic cooperation and foster mutual growth between the two nations.
Harnessing digital technologies to navigate the paradox of energy demand and sustainability
The energy transition faces a paradox of rising demand amid environmental concerns. Digital technologies like AI, ML, and blockchain are crucial for optimizing grid stability, renewable energy use, and storage solutions. Smart consumption and microgrids enhance efficiency and resilience.
What does Budget 2024 hold for India¡¯s energy transition?
Finance Minister Nirmala Sitharaman presented the Union Budget 2024, focusing on reducing the fiscal deficit, promoting clean energy, securing critical mineral supply chains, and decarbonizing MSMEs. Policies aimed at sustainable growth, including increased domestic manufacturing and support for the clean energy sector, were highlighted. Key measures involved tax changes, R&D spending, skill development, and creating a clean energy finance taxonomy.
The Green Credit Programme can drive India¡¯s circular bioeconomy and energy transition
The 2023 market-based mechanism, the Green Credit Programme, provides the opportunity for tackling greenhouse gas emissions and provides other environmental benefits. Not a cure all, the Green Credit Programme does with robust methodology provide a way forward to put wasted resources to good use. However, it will require concerted and coordinated action by stakeholders.
Italy could play significant role in boosting India's advanced manufacturing capacity: Vincenzo de Luca
Italy's outgoing Ambassador to India highlights the crucial role of collaboration with India in advanced manufacturing to boost India's manufacturing capacity. Bilateral trade between Italy and India has seen significant growth, with a focus on machinery, automotive products, and luxury goods from Italy, and aluminium, steel, and iron from India.
Shipping companies asked to enhance reporting, tracking mechanism on West Asian routes
In a circular dated April 10, 2024, the Directorate General of Shipping (Mumbai) advised ship managers, ship masters and seafarers to enhance the mechanism for reporting and tracking maritime activities to safeguard the interest of merchant ships and their crews.
T+0 trade cycle to begin Thursday: Will this transition be smooth or rough for D-Street?
Stock exchanges set to introduce 'T+0' settlement for select stocks, parallel to T+1. SEBI to monitor progress. Vamsi Krishna lauds benefits while concerns about market volatility persist. Transition from T+1 required infrastructure changes. Cash market volumes may decline.
Load More
