The statement comes in the wake of reports that warned of power crisis looming large due to the coal shortage in the country.
Pushing a barrel of oil back to around $100 would require a reduction of production of about two million barrels a day - a cut that would fall predominantly on Saudi Arabia.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a five-year-long reform-based result-linked power distribution scheme worth Rs 3.03 lakh crore, for strengthening system of utilities to improve efficiency. Briefing after the CCEA meet here, Power and New & Renewable Energy Minister R K Singh said, "We have done a lot for power distribution reforms. It needs to be strengthened. Today, the Cabinet has approved the new scheme worth Rs 3.03 lakh crore, including Rs 97,000 crore central outlay." He said the funds would be given to power distribution companies (discoms) to strengthen their system.
India and France on Monday inked an Inter-Governmental Agreement on the sale of 36 French fighter jets, Rafale, but were unable to sign the final deal due to some "financial" aspects, which are expected to be sorted out in "couple of days".
US president Barack Obama new initiative to help millions of proud Indian-Americans directly invest in India's future.
The BRICS model will need to demonstrate the efficacy of a second alternative governance structure to reform the Bretton Woods legacy.
Top losers in the Sensex pack include Bharti Airtel, Infosys, Asian Paints, RIL, Coal India, HDFC Bank, HDFC, TCS, ONGC and M&M, falling up to 3.09 per cent.
Almost every country in the world just signed on to the #ParisAgreement on climate change
'During pregnancy, your body may tell you what it's feeling more acutely than during other phases of life, which is your body's way of adapting to protect your pregnancy.'
'India does not wish to remain silent in improving its strategic space so that its leverage to counter China's expansionist designs is maintained, besides enabling it to play a responsible role from a position of strength for peace and stability in Asia,' points out Dr Rajaram Panda.
A winter World Cup in Qatar may not require cooling systems to lower temperatures in the stadiums as proposed in the bid for a summer tournament, said an executive from the Gulf state's 2022 organising committee.
The biggest spender was Tata Motors, with Rs 4,224.6 crore assigned under the R&D head.
Water shortage is likely to lead to political tensions and instability in the future, warns Simon George, President, Cargill India.
The strategic pacts were inked after the summit between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe during which they also discussed international and regional issues of mutual importance including UN security reforms.
Bunker Roy, founder of the Barefoot College at Tilonia in Rajasthan, was awarded the Clinton Global Citizen Award at a ceremony in New York on September 25.
India has made 7,000 reforms for attracting foreign direct investment in various sectors including real estate and defence: Modi.
One million schoolkids around the world build and light solar lamps.
The company will significantly increase its rate of patent filing.
Prime Manmohan Singh on Thursday sought Chinese investments in manufacturing and infrastructure sectors in India and called for market access in China for Indian IT and Pharmaceutical firms.
Microsoft founder and philanthropist Bill Gates promised to extend all support to Centre's efforts to expand the reach and effectiveness of sustainable sanitation services .
"The idea is to inform industries about sustainable practices that will reduce their carbon footprint as well as boost their bottomlines," Smarter Dharma founder Sriram Kuchimanchi tells Geetanjali Krishna.
Russia is currently building 2000MWe Kudankulam nuclear power plant in Tamil Nadu, which is scheduled to be commissioned in 2007.
Terming investment in infrastructure "quintessential" to boost growth, the Economic Survey on Friday said post unlocking of the economy, infra sectors are poised for growth and construction of roads is expected to return to the high pace attained before COVID-19. The infrastructure sector will be the key to overall economic growth and macroeconomic stability, the Survey said emphasising that the year after the crisis (2021-22) will require sustained and calibrated measures to facilitate the process of economic recovery and enable the economy to get back on its long-term growth trajectory. "Basic infrastructure facilities in the country provide the foundation of growth. In the absence of adequate infrastructure, the economy operates at a suboptimal level and remains distant from its potential and frontier growth trajectory.
The prime minister said a stable global economic and financial system is imperative for growth as it promotes inclusive and sustainable growth.
'The Paris Conference is a decisive meeting on climate change.' 'Negotiating an agreement between 196 countries is indeed a challenge.' 'If we go beyond 2°C, the consequences will be extremely difficult to deal with.'The poor are the most vulnerable to the impact of climate change.'
The two countries also signed three other agreements -- to enhance aviation links, to jointly work in the area of energy efficiency and promotion of parliamentary cooperation.
India and Italy inked 15 pacts and finalised an ambitious action plan to further expand their ties following a virtual summit between Prime Minister Narendra Modi and his Italian counterpart Giuseppe Conte that primarily focused on ramping up economic engagement.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Delaying action on climate change will hurt growth: Global CEOs.
Obama seeks reduction of nuclear arsenal in India and Pakistan while Pakistan seeks NSG membership
He said it is natural for India to hold its 1st overseas start up event in the Silicon Valley.
'The home ministry has made a serious allegation to the media without providing a scrap of evidence to back it up. We think this shows how worried the ministry has become.'
'I have always believed that life doesn't get easier or more forgiving; we only get stronger and more resilient.'
The data gaps are inhibiting sound decisions. We need to know seroprevalence, infection, and vaccination rates. This is required in 200 cities of India, every week, suggests Ajay Shah.
'Chinese experts estimate that the new US administration is 'at the crossroads of how to re-manage and control' Sino-American differences and strategic divergences and Biden's bottom line is that the US would have 'extreme competition with China, but won't allow competition to develop into conflict',' notes Ambassador M K Bhadrakumar.
'The India-Canada relationship has suffered benign neglect. Its full potential has not yet been realised,' says Rup Narayan Das.
"India will be home to a fifth of humanity, its economy 16 times bigger than today, and one of the world's largest consumer markets. India will be a world better in many areas"
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