Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted into carbon-free green hydrogen, its chairman Mukesh Ambani said Friday as he outlined a 1-1-1 vision to bring down the cost of hydrogen to under $1 per 1 kg in 1 decade. The focus on generating electricity from renewable sources of energy such as solar and wind -will help cut carbon emissions in the world's third-largest greenhouse gas emitter. The same electricity, when converted into green hydrogen, can replace petrol and diesel in automobiles and other fuels in the industry, helping cut down on the use of fossil fuels, carbon emissions and reduce import dependence.
Cautioning that India's status of 'significant global player' may vanish if opportunities are not grasped, Commerce Minister Kamal Nath on Friday outlined a three-pronged strategy, including designing specific instruments to turn the country into a w
Dominic Xavier says there is an urgent need to implement the NEP and quickly reduce the gap in the pupil-teacher ratio.
The Centre has allocated Rs 73,000 crore to the rural employment guarantee programme Mahatma Gandhi National Rural Employment Guarantee Act for the next fiscal 2021-22, substantially lower than the actual expenditure of Rs 1.11 lakh crore in the current fiscal which included an additional Rs 40,000 crore for the scheme given by the government in the wake of the pandemic's impact on the economy.
India's economy will do well once vaccination reaches a critical mass as pent up demand, global recovery and easy financial conditions will boost activities, RBI's Monetary Policy Committee (MPC) member Ashima Goyal said on Tuesday.
'Today, we being the majority pass a law and if the Opposition parties do not like it, they throw files at the Chair, and beat up women marshals.'
Bollywood celebrates 75 years of Independence by telling us what freedom means to them, and posting interesting pictures on social media.
Dominic Xavier surveys the deluge of prime ministerial promises and wonders how many of them will be around a couple of years from now.
'Companies with a strong business case and healthy balance-sheet should sail through and emerge more robust in the future.'
'How does it matter to me if a foreigner comes, starts an industry and makes India a $5 trillion economy when I am dead?'
Fitch Ratings on Wednesday cut India's growth forecast to 10 per cent for the current fiscal, from 12.8 per cent estimated earlier, due to slowing recovery post second wave of COVID-19, and said rapid vaccination could support a sustainable revival in business and consumer confidence. In a report, the global rating agency said the challenges for banking sector posed by the coronavirus pandemic have increased due to a virulent second wave in the first quarter of the financial year ending March 2022 (FY22). "Fitch Ratings revised down India's real GDP for FY22 by 280bp to 10 per cent, underlining our belief that renewed restrictions have slowed recovery efforts and left banks with a moderately worse outlook for business and revenue generation in FY22," it said. Fitch believes that rapid vaccination could support a sustainable revival in business and consumer confidence; however, without it, economic recovery would remain vulnerable to further waves and lockdowns.
India's most powerful prime minister in five decades gets publicly admonished -- if gently -- by the US vice-president. The question is, would this make him reflect on how and why, or which ones of his government and party's missteps exposed his flank like this? asks Shekhar Gupta.
Upon completion, the factory will create almost 10,000 jobs and will initially have an annual capacity of 2 million units.
Building 6 conventional submarines is one of the Indian Navy's most important weapon construction programmes.
The postponement of the Tokyo Games and a break in training due to the COVID-19 lockdown last year brought with it a shoulder issue for the weightlifter that could have led to a completely different result, something Chanu had been worried about.
Reliance Industries chairman Mukesh Ambani on Thursday said Jio and Google have jointly developed a power-packed and affordable smartphone 'JioPhone Next', which will be available in the market from September 10. Ambani promised that JioPhone Next will be the most affordable smartphone not just in India but globally. Speaking at RIL's annual general meeting, Ambani asserted that an ultra-affordable 4G smartphone is essential to make India '2G-mukt' (free of 2G).
We do not know, because there has been no discussion, no transparency and most likely no real thinking on this matter at our end, observes Aakar Patel.
Billionaire Mukesh Ambani on Monday pressed for bridging the digital divide "both among nations and within nations", saying connectivity and communications have become the fundamental rights of every person. Also, there is a need to bring back the economies around the globe. Speaking at the Qatar Economic Forum, he said it is difficult to imagine what India would have been without the 4G telecom network during the pandemic. "The digital divide must be bridged, both among nations and within nations.
Ace Indian sprinter Dutee Chand said the Arjuna Award will motivate her to win a prestigious Olympic medal at the Tokyo Games next year.
Dr Reddy of Apollo Hospitals says he has plans to make India the healthcare destination of the world by attracting people.
Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.
'Imagine China pursuing its aims in Jammu and Kashmir by using Pakistani and now Afghan proxies.'
Finance Minister Nirmala Sitharaman while unveiling the Union Budget said the proposal would make India more attractive market for investment.
In televised remarks after Finance Minister Nirmala Sitharaman presented the budget, Modi said it has many provisions for the agriculture sector, including for making loans easier for farmers.
Dominic Xavier offers his take on the most pertinent question playing on the mind of every youngster -- will these sweeping changes being brought in the education system create better employment opportunity?
"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.
The defence minister said "last year in Galwan Valley, our soldiers displayed exemplary courage and valour in line of duty. I salute all brave soldiers who laid down their lives fighting for the nation."
Sunil Bharti Mittal, chairman and group CEO of Bharti Enterprises and former president of the Confederation of Indian Industry, said on Tuesday that it was time for the United States to change its position towards India vis-a-vis Pakistan.
A greater supply of nuclear power would leave India less reliant on and 'less inclined to enter into billion dollar energy deals with Iran,' the daily said.
The Telecom Regulatory Authority of India (Trai) has directed the Cellular Operators Association of India (COAI) to make a presentation detailing the pros and cons of the controversial Indian 5G standard, also known as 5Gi, which the government has been pushing for. The move comes after serious differences emerged among telcos with regard to the technology's efficacy and implementation.
In a major move aimed at encouraging small investors to become direct investors in government bonds or stated simply to an infinite source of lending to the government, the Reserve Bank on Friday said it will allow them to directly buy government debt, making India the first Asian country to do so and among a handful globally.
Later this year, India and Australia are slated to face each other in a four-match Test series. The second Test of the series at Adelaide will be a day-night Test contest.
The tank, designed, developed, and manufactured by the Defence Research and Development Organisation's Combat Vehicles Research and Development Establishment and made in Tamil Nadu, will be used to protect northern borders.
Protesting farmer leaders in the vulnerable age group Monday said they are not afraid of coronavirus and won't take vaccine jabs, even as the second phase of vaccination drive got underway to inoculate senior citizens and those above 45 with underlying medical conditions.
The sudden movement of the rupee - post the monetary policy - is not a reason to panic, said currency dealers. According to them, a correction was overdue for the rupee that remained the best performing currency in the region for well over a month. The rupee closed at 74.72 a dollar on Friday from its previous close of 74.60. It had dropped 1.52 per cent against the dollar on April 7 after the Reserve Bank of India (RBI) announced its monetary policy, committing to buy Rs 1 trillion of bonds in the June quarter. A weak rupee goes well with the export narrative of the government, and is consistent with the RBI's intervention strategy that prevented an appreciation.
These are untied loans, meaning SBI has freedom to use this money to lend. They also do not come with any conditions attached for lending to specific projects or programmes.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
The prime minister said that Netaji is the biggest source of inspiration for the dream of 'Atmanirbhar Bharat' (Self-reliant India) and 'Sonar Bangla' (Golden Bengal).
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