With the GDP of India predicted to be in between 8-9 per cent this year, the over 300 million middle class population was set to spearhead the growth of the non-woven and technical textile industry, Dr Ramkumar Seshadri, Texas Tech University, said in an analysis.
We live in hope that India and its airlines might finally grow up, notes Anuli Bhargava.
Emissions would still keep rising till 2030, and the path towards global warming would improve to 2.7c.
Amid concerns over waste management at the proposed nuclear power plant at Jaitapur in Maharashtra, Environment Minister Jairam Ramesh said it was not an immediate problem for India and lamented a lack of balanced environmental approach towards nuclear energy.
The United States will be the "first among equals" in a world not dominated by a hegemonic power as neither China nor India are likely to topple the American supremacy to create a new international order by 2030, the US intelligence believes.
India is all set to build 558 roads at a cost of Rs 500 billion along the border with two hostile neighbours -- China and Pakistan -- in a bid to effectively counter the former, which is working at a break-neck speed to execute a world class infrastructure along the Indo-China and Indo-Pak border region.
As per the Associated Chambers of Commerce and Industry of India, the two Asian giants can emerge as world's largest trading partners by 2030.
The country's largest carmaker Maruti Suzuki India (MSI) aims to sell 4-6 lakh CNG units in the current fiscal year depending upon supply situation of essential components, as per a senior company official. The company sold about 2.3 lakh CNG units in 2021-22. MSI currently sells nine of its 15 models with CNG powertrain and is looking to drive in more models with such technology in the coming days.
With the expected launch of The People's Liberation Army (Navy)'s second aircraft carrier on April 23, China will match India in carrier numbers.
The prime minister said that India has invited Germany to take advantage of opportunities in defence production in the defence corridors in Uttar Pradesh and Tamil Nadu.
Maruti Suzuki India (MSI) will keep consolidating its existing product line-up, including hatchbacks, while bolstering presence in the fast growing SUV segment to power its way back to 50 per cent market share in the domestic passenger vehicle market, as per a senior company official. The country's largest carmaker, which has seen its market share drop to 43.38 per cent in FY22 from 47.7 per cent in FY21, aims to bring in multiple SUV products with focus on new technologies like hybrid powertrains in order to enhance fuel efficiency, making them comparable or better than diesel-powered models that are currently being sold in the market, especially by its Korean rivals. With no intention of making a comeback in the diesel segment, MSI is also focusing on increasing its play in the CNG segment to bring in additional volumes.
The company is looking to invest more than $3 bn over the next three years.
The United Kingdom on Tuesday posted a liaison officer at the Indian Navy's Information Fusion Centre (IFC) that has emerged as a key hub in tracking movements of ships and other developments in the Indian Ocean, a region witnessing increasing Chinese naval presence.
India needs to pursue an integrated approach to energy planning as high economic growth equalling or exceeding eight per cent would create much larger demand for energy in the next few decades, a study has said.
India has promised to reduce the emission intensity of its growth by 33-35 per cent from 2005 levels by 2030.
In spite of a massive jump in the number of the uber rich and rich becoming richer, their contributions to charity continued to decline during the COVID-19 pandemic when a whopping 200 million-plus were forced into poverty, says a report. While CSR (corporate social responsibility) spends have increased from 12 per cent in FY15 (two years into mandatory CSR spends) to 23 per cent in FY21, charity by the uber rich slipped from 18 per cent of the total funding in FY15 to a paltry 11 per cent in FY21, says global consultancy Bain & Company and charity-focused domestic consultancy Dasra in their India Philanthropy Report 2022. The report said that donation from private foreign companies has contracted from around 26 per cent in overall private giving in FY15 to around 15 per cent in FY21.
A framework agreement on Jaitapur Nuclear Power Project (JNPP) is expected to be signed between the two sides during the visit.
'When the Americans are talking about colonising Mars by 2030, India cannot be lagging behind.'
Nearly 490 million people of working age are outside the bounds of India's unemployment assessments. A decrease in the unemployment rate could signal economic growth, but could just as well mean that people have given up looking for work. A revealing excerpt from Tata Sons Chairman N Chandrasekaran and Tata Chief Economist Roopa Purushothaman's Bridgital Nation: Solving Technology's People Problem.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced the buyout of British battery maker Faradion Ltd for an enterprise value of 100 million, as the oil-to-retail conglomerate continued with the acquisition of end-to-end technology for its multi-billion-dollar clean energy portfolio. Reliance New Energy Solar Ltd (RNESL), a unit of the nation's most valuable company, signed definitive agreements to acquire 100 per cent shareholding in Faradion for an enterprise value of 100 million and will invest an additional 25 million as growth capital to accelerate the commercial roll-out, the company said in a statement. Based out of Sheffield and Oxford in the UK and with its patented sodium-ion battery technology, Faradion is one of the leading global battery technology companies.
Billionaire Gautam Adani's Group on Wednesday announced the acquisition of SoftBank Group Corp's renewable power business in India for a deal value of $3.5 billion (approximately Rs 25,500 crore), to become the world's largest solar company. In a statement, Adani Green Energy Ltd, the renewable energy unit of the port-to-energy conglomerate, said it has inked share purchase agreements to buy 100 per cent of SB Energy India from SoftBank and Bharti Group. Without giving deal details, the statement said the transaction values SB Energy India at an enterprise valuation of approximately $3.5 billion, it stated. The transaction marks the largest acquisition in the renewable energy sector in India.
India's per capita green house gas (GHG) emission in 2030 will be well below those in the developed countries in 2005, according to a report.
A joint venture of Adani Group and Welspun Enterprises Ltd has discovered natural gas reserves in an area off the Mumbai coast, the two firms said in a statement Monday. The first-ever gas discovery was made in the NELP-VII block MB-OSN-2005/2, Adani Welspun Exploration Ltd (AWEL) said. Spread across 714.6 square kilometers, the block is located in the prolific gas-prone Tapti-Daman sector of the Mumbai Offshore basin where production is already underway by other operators.
Tata Motors plans to have 10 new battery electric vehicles (BEVs) in its domestic product portfolio by 2025 as it looks to drive its business model towards sustainable mobility going ahead, as per Tata Motors chairman N Chandrasekaran. In his message to the shareholders, he noted that the auto major aims to be amongst the world leaders in sustainable mobility solutions and as part of that it is also exploring tie-ups in cell and battery manufacturing to secure supplies for its portfolio of green vehicles. "In India, EV penetration in our portfolio has now doubled to 2 per cent this year and we expect penetration to increase exponentially in the coming years. "Tata Motors will lead this change in the Indian market. By 2025, Tata Motors will have 10 new BEV vehicles and as a Group, we will invest proactively to set up charging infrastructure across the country," Chandrasekaran informed shareholders in the company's Annual Report for 2020-21.
The Bombay high court on Thursday directed the Comptroller and Auditor General of India (CAG) to look into allegations of irregularities in toll collection on the Mumbai-Pune Expressway.
The government should bring natural gas under the Goods and Services Tax (GST) regime to realise Prime Minister Narendra Modi's vision for a gas-based economy and raising the share of the environment-friendly fuel in India's energy basket, an industry body that represents the likes of Reliance Industries as well as state-owned firms, has said. Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel. In its pre-Budget memorandum to the finance ministry, Federation of Indian Petroleum Industry (FIPI), which boasts of members from across the oil and gas spectrum, also demanded rationalisation of GST on transportation of natural gas through pipeline as well as on re-gasification of imported LNG to help bring down cost of the environment friendly fuel.
According to the study, the proportion of foreign-born care workers overall has more than doubled over the last 10 years. Such workers care for the old and the infirm in old age homes and other nursing homes. Nationally there are 120,000 foreign-born workers in care homes or home care -- nearly a fifth of all care workers looking after the elderly. Recent migrants playing this key role have originated from India, Poland, the Philippines, Zimbabwe and Nigeria.
'Our strategy is intact and our important pillars for India -- the SUV roll-out and the focus on the cost of ownership of a car -- remain in focus'
While India is pushed to keep a tight lid on its own carbon emissions, slow and low emission reduction by major polluters will cause an acceleration of climate change, says Rajni Bakshi.
Kerala has retained the top rank in Niti Aayog's SDG India Index 2020-21, while Bihar has been adjudged as the worst performer, according to a report released on Thursday. The Index for Sustainable Development Goals (SDGs) evaluates progress of states and union territories on social, economic and environmental parameters. Kerala retained its rank as the top state with a score of 75. Both Himachal Pradesh and Tamil Nadu took the second spot with a score of 74. Bihar, Jharkhand and Assam were the worst performing states in this year's India index.
Over the past few months, the overall interest in chess is reported to have doubled, with more players than ever coming together to participate in chess events that are being increasingly held through online platforms
At present, China and India are important parts of explosive growth in global middle class, but they differ significantly as the transition to the middle class is occurring earlier and faster in China than in India as incomes have risen sharply. The middle class population in India, which is on the rise currently has expanded from 1 per cent in 2,000 to 5 per cent today.
From cloud computing to people analytics, most lucrative future jobs will be dominated by people with digital skills and expertise, explains Sarita Digumarti, chief learning officer, UNext Learning.
Creation of 115 million non-farm jobs over next decade critical to sustaining growth, says McKinsey
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Parikh.
An Indian parliamentary delegation, led by Lok Sabha Speaker Sumitra Mahajan, dissociated itself from the 'Bali Declaration'.
The fuel delivery scheme mainly targets consumers that buy in bulk.
India has voiced its strong opposition to China's Belt and Road Initiative and its flagship project -- the CPEC -- at the just concluded second UN Sustainable Transport Conference where the Indian diplomat's mike curiously went silent while she was highlighting New Delhi's objection to the controversial projects.
Prime Minister Narendra Modi on Monday said that India wants the world to work with urgency to agree on a comprehensive, equitable and durable agreement at the summit.
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