India ranks 130th out of 189 economies on the World Bank's Doing Business report.
The CBI on Monday arrested Videocon group founder Venugopal Dhoot in connection with the ICICI Bank loan fraud case, officials said. The 71-year-old Dhoot was arrested from Mumbai, nearly three days after former CEO and MD of the ICICI Bank Chanda Kochhar and her husband Deepak Kochhar were taken into custody by the CBI, they said.
Emphasising that everything is created from Sun, Prime Minister Narendra Modi on Tuesday called for 'One Sun, One World, One Grid' to improve the viability of solar power and announced that India's space agency ISRO will soon provide the world a calculator that can measure solar energy potential of any region across the globe. Addressing world leaders at the event 'Accelerating Clean Technology Innovation and Deployment' on the sidelines of the climate summit in Glasgow, Modi said that fossil fuel powered many nations to become wealthy during the industrial revolution, but it made the earth and environment poor.
India will require a total investment of $10.1 trillion to achieve net-zero emissions by 2070, while the nation could face a shortfall of $3.5 trillion, a study by CEEW Centre for Energy Finance (CEEW-CEF) said. At the recently concluded COP26, Prime Minister Narendra Modi announced India's aim to achieve net-zero emissions by 2070. "India would need cumulative investments of $10.1 trillion to achieve net-zero emissions by 2070, according to an independent study released today by the CEEW Centre for Energy Finance (CEEW-CEF)," a statement said.
Bombay House, the headquarters of the Tata group in Mumbai, has become India's first heritage building to get "gold" rating by Indian Green Building Council.
Chief Ministers of a number of states including those from Gujarat, Bihar, Tamil Nadu and West Bengal on Saturday skipped the meeting of the prime minister-led National Integration Council in New Delhi.
The EU's assistance comes as part of its 'strategic partnership' with India and will be made available by the European Investment Bank to ICICI Bank in the first-ever cooperation between the two financial institutions.
Investors are yet to warm up to the concept of sustainable investing with sustainable or ESG (environmental, social, and governance) funds in India witnessing outflows of Rs 315 crore in 2021-22. This comes following a staggering inflow of Rs 4,884 crore in FY 2020-21. Prior to that, sustainable funds saw an infusion of over Rs 2,000 crore, according to data compiled by Morningstar India.
'There has definitely been a breakthrough in the nuclear logjam. It is good to see nuclear energy back on the rails,' says Dr Anil Kakodkar, former chairman, Atomic Energy Commission.
GAIL India plans to consolidate presence in petrochemicals and renewable energy, allocate a percentage of annual capital expenditure for exploration and production (E&P), pick up equity in upstream LNG projects abroad, and pursue investments in shale gas projects in and outside.
Attacking the media, National Conference President Farooq Abdullah said it plays "tricks" so that "one fellow should go down and second fellow should come up".
National Conference chief Farooq Abdullah on Thursday met Congress President Sonia Gandhi and the ruling partners are understood to have discussed the situation arising out of the continued unrest in Jammu and Kashmir. In Srinagar, his son and chief minister, Omar Abdullah, fuelled speculation by meeting the state governor N N Vohra
Billionaire Gautam Adani's group is said to be planning a surprise entry into the race to acquire telecom spectrum, which will pitch it directly against Mukesh Ambani's Reliance Jio and telecom czar Sunil Bharti Mittal's Airtel, sources said. Applications for participating in the July 26 auction of airwaves, including those capable of providing fifth-generation or 5G telecom services such as ultra-high-speed internet connectivity, closed on Friday with at least four applications. Jio, Airtel and Vodafone Idea -- the three private players in the telecom sector -- applied, three sources with knowledge of the matter said.
Indian economy is poised to do better on the back of reforms undertaken by the government and is expected to clock a 6.5-7 per cent growth in the remaining part of the decade, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Addressing reporters here after the tabling of the Economic Survey in Parliament by Finance Minister Nirmala Sitharaman, Nageswaran said that by and large, inflation is likely to be "well behaved" in FY2023-24 barring headwinds. "My optimism is that in the coming decade, rest of the decade, the potential GDP growth, without taking into account export potential, because global economy is still rife with uncertainty, the growth rate would be around 6.5 to 7 per cent, rather than between 6 per cent and 6.5 per cent," he said.
Minister for new and renewable energy and environment Hardeep Singh Dang also proposed a collection of Rs 500 per month from those employees of the state government getting a monthly salary of more than Rs 25,000 for the protection of cows and law to ensure that all the sections of society contribute for protecting cows.
A piece of slightly negative news can cause a serious setback, warns Debashis Basu.
Solar power is expensive. The cost of generating one unit of solar power is Rs 15 while it costs just Rs 1.19 per unit from coal (at Sasan ultra mega power plant). The Centre, in partnership with state governments, will give incentives worth up to Rs 12 per unit for generating power from solar energy.
India's Ministry of New and Renewable Energy proposes to develop 60 cities as solar cities.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
The cartoon, published in The Australian, shows turban-wearing men breaking the UN-sent solar panels and saying, 'They're no good. We can't eat them'.
The Cabinet is likely to decide on final price of ethanol for blending it with petrol within this month, Renewable Energy Minister Farooq Abdullah said on Monday.
The decision by the Overseas Private Investment Corporation (OPIC) is expected to reduce CO2 emissions and create jobs in both the US and India.
Wind power: Zero emission its strength, low plant load factor a weakness, say experts.
CIIE Initiatives, a non-profit company set up by the Indian Institute of Management, Ahmedabad's incubator-cum-angel investor, the Centre for Innovation, Incubation and Entrepreneurship (CIIE), is in talks with the central government and private organisations for establishing a renewable energy (RE) fund.
Indian-American professor, Manoranjan 'Mano' Misra, at University of Nevada, Reno (UNR), has been honoured by the Nevada System of Higher Education Board of Regents for his research works.
This is essential to promote investment in essential infrastructure such as Power. Any additional burden will only pass on to the end consumer.
Sushmita gives advice... Karisma soaks in the sun... Tripti shines...
It took a good 18 years for Luminous Power Technologies to make its first Rs. 100 crore.
Union Minister Farooq Abdullah on Friday said Article 370 has "eroded" and Jammu and Kashmir should be given autonomy within framework of the Indian constitution.
Indian-American Congressional candidate Dr Ami Bera on Tuesday became the sole Democratic to represent California's 3rd Congressional Distict, following the withdrawal of candidature by Bill Slaton from the Democratic primary.
The project of deriving ethanol from a seaweed is all set to get a major boost with the Central Salt and Marine Chemical Research Institute deciding to ramp up off-shore production of the weed by manifolds.
Four companies - Rajesh Exports, Hyundai Global Motors Company, Ola Electric Mobility and Reliance New Energy - are eligible for receiving benefits under the production-linked incentive (PLI) scheme for advanced chemistry cell battery storage, the heavy industries ministry said on Thursday. The allotment was made for a total of 50 GWh of battery capacity to the four successful bidders. These firms, the ministry said, will receive incentives under India's Rs 18,100 crore programme to boost local battery cell production.
'I just want to have a lot of fun and just enjoy myself on the field and give myself fully to this team, like I have for so many years, without any load.'
Maharashtra is looking for potential investment from the US electric car major Tesla in the state and has held discussions with the company, weeks after Tesla revealed its plans to enter the Indian market.
There is an atmosphere of festivity and enthusiasm, and the country has been filled with renewed self-confidence, he said, asking parliamentarians to give maximum time to the short session.
Government has announced a slew of measures to give impetus to electric cars.
Union Minister for New and Renewable Energy Farooq Abdullah on Saturday met Home Minister P Chidambaram and discussed the prevailing situation in Kashmir. Abdullah, a former chief minister of Jammu and Kashmir, and patron of the ruling National Conference in the state, discussed with Chidambaram the steps being taken by the Centre and the state government to bring back normalcy in the state. Barring Sopore and Pulwama, curfew was lifted temporarily in the Kashmir valley.
Supporting Omar Abdullah's demand for withdrawal of Armed Forces Special Powers Act from some areas of Jammu and Kashmir, Union Minister Farooq Abdullah on Thursday said the chief minister is "the boss" in the state and the Centre should take his views on the controversial Act.
The first meeting of the Group of Ministers on inclusion of caste categories in the census is likely to be held on July 1.
Prime Minister Narendra Modi on Tuesday said India will become the growth engine for the world in the coming years, and the ease of doing business has improved with "mission-mode" reforms being undertaken by his government. Speaking at the BRICS Business Forum Leaders' Dialogue in Johannesburg, Modi also said India soon will become a $5 trillion economy.
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