India is likely to become a $40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a $30 trillion economy by 2050 on back of rising consumption and socio-economic reforms. "From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University in Gandhinagar.
Prime Minister Narendra Modi on Sunday called for a global framework for ethical use of Artificial Intelligence (AI) as he flagged concerns surrounding bias in such modern technologies and their impact on the society. Days ahead of the G20 Summit, the prime minister also made a strong case for developing an integrated approach to deal with issues concerning cryptocurrencies. Modi, addressing B20 Summit India 2023 organised by CII, said India is preparing a global framework for Green Credit and urged industry leaders to adopt life and businesses with emphasis on planet positive actions.
Modi called business communities and governments to work together to ensure usage of ethical AI as "we have to sense the potential disruptions in different sectors. This problem has to be solved under the global framework."
India and the US on Friday said they have started talks to put in place a strategic framework for human space flight by year-end as they plan to send an Indian astronaut to the International Space Station in 2024.
A dome-shaped mysterious object has washed up on a remote Australian beach, amid speculation that it could be from a 20-year-old Indian rocket that was used for launching a satellite.
A closure of the Indian mission in Kabul will be a Himalayan blunder at this historic juncture when the wheels of diplomacy and politics are set to accelerate in Afghanistan, argues Ambassador M K Bhadrakumar
Eyeing greater cooperation with South East Asian countries on economic and security issues, India on Thursday announced a separate Mission for ASEAN region to be set up in Jakarta with a full-time resident Ambassador.
The middle class is a big force to fulfil dreams of a prosperous and developed India and our government has taken many decisions to empower it, the prime minister said.
The World Bank has approved loans totalling $1.75 billion (about Rs 13,834.54 crore) to fund India's PM Ayushman Bharat scheme and private investment to boost the economic growth. Of the total loan, $1 billion will go towards the health sector, while the rest $750 million will be in the form of development policy loan (DPL) to fill the financing gaps through private sector investment in the economy. The World Bank Board of Executive Directors approved two complementary loans of $500 million each to support and enhance India's health sector.
Javadekar was addressing the 18th BASIC ministerial meeting on climate change here which is being attended by ministers of Brazil, China and South Africa.
While SA great Lance Klusener hailed Hardik Pandya as one of the best fast-bowling allrounders, he believes Pandya gave up on Test cricket too easily.
Heads of state and big-name billionaires opened the Paris climate summit with a bang on Monday.
'With just 2.4 per cent of global landmass, India houses six to eight per cent of planetary biodiversity and hence is a prime target of wildlife criminals.'
"India has given a stern signal to its enemies by conducting surgical and air strikes. This tells us that India is changing and can take the most difficult decisions and isn't reluctant to implement them," Prime Minister Narendra Modi said on Sunday in his Independence Day address to the nation.
After witnessing cloudy skies this year, the country's renewable energy sector is expected to boom with a likely investment of over $15 billion in 2022 as the government focuses on electric vehicles, green hydrogen, manufacturing of solar equipment as well as achieving the ambitious 175 GW renewable capacity target. India, which has an installed renewable energy generation capacity of a little over 150 GW, aims to reach 175 GW in 2022. Out of the total mix, 100 GW would be from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro power projects.
Prime Minister Narendra Modi on Tuesday met Microsoft co-founder and billionaire philanthropist Bill Gates on the sidelines of the climate summit here and discussed ways to further sustainable development, steps to mitigate climate change and vaccine research. The meeting between Modi and the American business magnate, whose foundation is focusing on fighting the COVID-19 pandemic, took place after the former launched the Initiative for the Resilient Island States (IRIS) for developing infrastructure of small island nations. Prime Minister Modi expressed appreciation for the work being done by the Bill and Melinda Gates Foundation in India, the Ministry of External Affairs (MEA) said in a statement.
'She showed courage at every turn in her political career.'
In a record time of 13 years, the Indigenous Aircraft Carrier Vikrant is now ready for formal induction into the Indian Navy.
Major Ruchi Agarwal is commander of the United Nations Female Engagement Team in the conflict-ridden Democratic Republic of Congo.
Laxmi Sorte and Kaustav Ghosh, who travelled across 29 Indian states and five Union territories in 101 days, recommend a list of lesser known places in India to add to your travel bucket list.
A special ceremony was organised at the world-famous skyscraper in New York's midtown Manhattan for lighting it up in saffron, white and green.
'Though the river is cleaner than what it was five years ago, a lot more needs to be done.'
"Climate change is a major global challenge. But it is not of our making," Modi said.
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
Days after it faced nationwide anti-government protests against its stringent zero-Covid policy, China in a major shift of its coronavirus response policies has announced that it will scrap quarantine for international travellers from January 8 as it reopens its borders and comes out of international isolation after nearly three years.
Finance Minister Nirmala Sitharaman's Budget speech on Wednesday was marked by the usual thumping of benches by the ruling alliance members, but the loudest cheer was reserved for her announcement of income tax relief, which was welcomed by 'Modi, Modi' chants in Lok Sabha that also witnessed a few instances of protest by the Opposition.
UN Secretary General Ban Ki-moon On Tuesday asked India to take a leadership role in reaching a "meaningful" climate change pact in Paris later this year.
Per capita income has more than doubled to Rs 1.97 lakh in around nine years. Indian economy has increased in size from being 10th to 5th largest in the world in the past nine years. Seven priorities of the Budget, 'Saptarishi', are inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector.
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.
India's water future remains very bleak. The monsoon season, which once extended to 4 months, is now down to less than 30 days of heavy rain.
US Secretary of State Antony Blinken was asked by US Congressmen if the US had explore the possibility of northwest India for counter terrorism capabilities in Afghanistan. Blinken's remarks on India assume great importance, observes Ambassador M K Bhadrakumar
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
Prime Minister Narendra Modi on Monday said the Centre along with states is making efforts to control lumpy skin disease in cattle.
The USS John Paul Jones acted like a dog marking the lamp post, observes Ambassador M K Bhadrakumar.
Thirty-four years after he traveled to space, Wing Commander Rakesh Sharma tells Rediff.com's Archana Masih that he looks forward to Gaganyan, India's first manned space mission in 2022.
The village in Maharashtra has continuously sent soldiers to the Army since World War I. Every other person you meet is a soldier or a retired soldier or is aspiring to be a soldier.
India and France expressed "serious concern" at the ongoing conflict and humanitarian crisis in Ukraine.
Chairing the plenary session of an event to celebrate the World Environment Day 2018, being hosted by India, he said India's traditions have for long underlined the importance of living in harmony with nature.
The impact for all electric two-wheelers, which are imported mostly from China, is that it will lead to price escalation that will be passed onto customers.
'Earlier, a lot of fear was in the minds of people that the BJP is anti-Christian and anti-minority, but over the years people have learnt to accept that the BJP is just another national party.'
