The resilience of the economy and strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs, Finance Minister Nirmala Sitharaman said in London on Tuesday.
Talks on global climate finance virtually ground to a halt last week at COP29, the annual United Nations (UN) Climate Change event in Baku, Azerbaijan, as the developed world, led by the European Union (EU), and developing countries including India, Brazil, South Africa, and a clutch of island nations and African countries faced a wide chasm between their expectations. This has raised doubts about whether an agreement can be reached this week or whether talks will spill over to COP30, to be held next year in Benem, Brazil.
Giving the slogan of "one earth, many efforts", he said India is ready to lend its support to actions to make environment better and improve global wellness.
Deputy Chairman of Planning Commission, Montek Singh Ahluwalia, is among 19 members chosen by UN chief Ban Ki-moon for a high-level advisory group on Climate Change Financing tasked with mobilising funds pledged during the Copenhagen meet to tackle global warming.
A new chair in the memory of former Reserve Bank of India Governor IG Patel will be created at the London School of Economics and Political Science.
Thanks to global warming, soon you may not see the monsoon rains, which in normal circumstances hit the Kerala coast around June 1 every year. Again, you may not see the crops which normally come to the market during harvest season.
Stern says that we all know the pace of change has picked up in India
The World Bank on Thursday warned that India's growing public debt was squeezing out investment, making it difficult to achieve the targeted annual eight per cent economic growth.\n\n\n\n
"At 11 per cent of GDP, the fiscal deficit is too high. Growth can be fast if deficit is down and faster if reforms continue," says Nicholas Stern, ex-chief economist, World Bank.
... but warned that unsatisfactory development in rural areas of the country and corruption in some states posed major challenges for economic growth.\n\n
'While the poor have little say in shaping India's intellectual or public discourse, they do have a significant role in deciding political outcomes,' points out Roshan Kishore.
Columnist Rajni Bakshi asks if the louder responses to the climate crisis will be those arguing that innovations are viable only when they give handsome and rapid monetary returns?
With the weaker-than-expected agreement at the recent Climate Change Conference at Lima, there is an urgent need to highlight endeavours in civil society and business for a sustainable global economy with grassroots empowerment, say Rajni Bakshi.
While long term solution depends on each one of us altering our consumption patterns, the future depends on next generation technologists and entrepreneurs creating business models that naturally reduce the green house gas emissions.
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