Page 30 - India

India needs $10 trillion till 2070 for energy transition at G20 meeting

Policy on carbon capture likely in next 3 months

Don't bet against India, growth story to continue, say corporate leaders

No systemic risk to domestic financial system from recent events, they assert

India's focus should be on reducing dependence on China: Suman Bery

NITI Aayog vice chairman Suman Bery on Sunday said that India's focus should not be on overall trade deficit with China, instead it should be on reducing New Delhi's dependence on Beijing for certain critical inputs. According to Bery, the right response is to diversify to other sources of supply for critical inputs including active pharmaceutical ingredients (APIs) and supply chain for renewables. China is the world's largest producer and exporter of APIs and many of the Indian companies depend on imports of the ingredients to produce various formulations. "India's focus should not be on the trade deficit with China. It should be on our dependence on China for certain critical inputs," he told PTI. He was asked what measures India should take to reduce its rising trade deficit with China. He said it is unfortunate that in the last seven years, the larger powers, both the US and China have chosen to weaponise trade interdependence. "It is unfortunate that China, which is a very .

India's chances in T20 WC will be largely dependent on top-order: Mithali

Former skipper Mithali Raj feels India's chances of winning the Women's T20 World Cup will depend largely on the top order's form. The legendary batter added that the Indian bowlers will have to show a marked improvement in testing conditions at the marquee event beginning on Friday in South Africa. "India's chances will be largely dependent on the top order. Smriti Mandhana is playing well and is a match winner," Mithali wrote in her column for the ICC. "Harmanpreet Kaur has looked in good form too but we have to beat Australia and England you need others batters to come to the party." The Indian team, which takes on Pakistan in their tournament opener on February 12 in Cape Town, have been playing in South Africa. The Indian team, which recently finished runners up in a Tri series against hosts South Africa and West Indies, will be fielding a relatively inexperienced pace unit barring veteran Shikha Pandey. "The bowling will be tested and that is where we need to see an ...

India's services growth slowed in Jan amid fall in exports, new orders: PMI

New orders placed with services companies increased in January, marking the eighteenth month of expansion

India's forex reserves rise for third straight week, hits 6-month high

India's foreign exchange reserves rose above a six-month high of $576.76 billion in the week through Jan. 27, the Reserve Bank of India's (RBI) statistical supplement showed on Friday

India sets target of 5 MMT annual green hydrogen production by 2030

The Finance Minister also proposed an allocation of Rs 35,000 crore for priority capital investments towards energy transition and net zero objectives, and energy security by the Ministry of Petroleum

Kia's vehicle sales in India grow 48% to 28,634 units in January

Automaker Kia India on Wednesday said its sales grew 48 per cent at 28,634 units in January. The company's sales stood at 19,319 units in the year-ago period. The growth was driven by Seltos and Sonet models, as their sales stood at 10,470 and 9,261 units, respectively, during the reported month, followed by Carens with 7,900 units and Carnival with 1,003 units sold domestically, Kia India said in a statement. The company also said it recorded the highest-ever monthly sales of Carens. "We have witnessed an encouraging start to CY2023 with sales of 28,634 units in January. It reflects a strong demand for our products. We also plan to introduce PBVs (purpose-built vehicles) this year for special services in India," said Hardeep Singh Brar - National Head for Sales and Marketing at Kia India.

India imported more Russian crude oil than ever in January, shows data

India imported between 1.27 to 1.42 million barrels of Russian crude per day, which made up 28% of India's supplies in January, the highest ever

India supports peace process and capacity building in South Sudan

India on Tuesday supported the peace process and capacity building in South Sudan in the journey for peace.Pratik Mathur, Counsellor at India's Permanent Mission to United Nations reiterated India's strong support via UN Mission in South Sudan (UNMISS)."At @UNPeacebuilding Commission's meeting on South Sudan, Counsellor @PratikMathur1 expressed India's strong support via @unmissmedia (#India provides 2400+ peacekeepers) & bilaterally to support peace process & capacity building in #SouthSudan in the journey for peace," tweeted Mathur.Recently, India deployed an all-woman platoon of peacekeepers as part of the Indian Battalion to the United Nations Interim Security Force in Abyei (on the border between South Sudan and Sudan).The Abyei Area is a border area between South Sudan and Sudan that has been granted "special administrative status" by the 2004 Protocol on the Resolution of the Abyei Conflict (Abyei Protocol) in the Comprehensive Peace Agreement (CPA) that ended the ..

Assam to host G20's Sustainable Financial Working Group meeting on Feb 2-3

The two-day meeting will be attended by 94 delegates from the member countries of G20, guest countries, different international organizations and also officials from the Union government

India to be theme country at 2025 Madrid International Book Fair: Envoy

India will be invited as the focal country at the Madrid International Book Fair in 2025, the Ambassador of Spain to the country Jose Maria Ridao said on Tuesday. Spain is the theme country at the 46th International Kolkata Book Fair here, which began on Monday. Ridao, who was present at the Spain Pavilion', said, "We want to have a direct relation with Indian authors, which will begin from this book fair in a bigger way. "We are inviting India as the theme country at the Madrid International Book Fair in 2025. It is usually for publishers only. But, we can expand the horizon, to include cinema and music as well," he told PTI. There are over 100 events lined up at the pavilion, the envoy said. He said as part of the cultural exchange between the two countries, Spain has donated books to five universities in Bengal on Tuesday, where the Spanish language is taught. Works of Spanish authors are also being published by leading Indian publishing houses, Ridao said. "We are happy that

Challenge to build 'brand India' continues: Congress MP Shashi Tharoor

Congress leader Shashi Tharoor on Tuesday said the challenge to build "brand India" continues because it is world's perception about the country that matters, not what "we are trying to sell about ourselves". Addressing an event organised by Mathrubhumi media group here, he said India witnessed rapid economic growth post liberalisation in the 90s and emerged as the world's fastest growing economy. Now the whole issue of our magnificent diversity and how the world perceives it with the current political environments in our country raises the question, he said, adding the "challenge to building brand India continues". The essential fact remains that what really matters is not the image but the reality. What really matters is not what we are trying to sell about ourselves but what people think of us, (and) whether we want them to think that way or not, he added. The Thiruvananthapuram MP also talked about the challenges and opportunities that Kerala faces. "There are a number of econ

Inflation in India expected to come down to 5% in 2023 and 4% in 2024: IMF

Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, the International Monetary Fund (IMF) said on Tuesday. Inflation in India as in other countries is expected to come down from 6.8 percent in 2022 to 5 percent in 2023 and then 4 percent coming towards the target in 2024, Daniel Leigh, Division Chief, Research Department of the IMF told reporters here. That partly reflects the central bank's actions, he added, According to the World Economic Outlook update released by the IMF on Tuesday, about 84 percent of countries are expected to have lower headline (consumer price index) inflation in 2023 than in 2022. Global inflation is set to fall from 8.8 percent in 2022 (annual average) to 6.6 percent in 2023 and 4.3 percent in 2024 -- above pre-pandemic (201719) levels of about 3.5 percent, it said. The projected disinflation partly reflects declining internationa

Against the flow

Pakistan has nothing to complain about the Indus Waters Treaty

Guru of globalisation

The Presidency of G20 should be used by India to argue for globalisation and a rules-based global economic order

Welspun India reports 68% drop in Q3 profit due to rising inflation

Analysts had, on average, expected a profit of 609.5 million rupees, according to Refinitiv IBES data

India's SRF beats Q3 profit view on strong demand in chemical business

SRF saw strong demand from overseas markets, higher capacity-utilisation of facilities and significant cost-savings across all product streams

Promise made to India fulfilled: Rahul after hoisting tricolour in Srinagar

Congress leader Rahul Gandhi on Sunday unfurled the national flag at the historic clock tower of Lal Chowk in the heart of Srinagar as part of the Kanyakumari-Kashmir 'Bharat Jodo Yatra' and said a "promise" made to India has been fulfilled. Gandhi described the yatra as the deepest and beautiful experience of his life. The security for the 10-minute event was at its peak as all roads in a one-kilometre radius leading to the chowk, which holds symbolic importance for the city, were sealed off from Saturday night and no vehicular movement was allowed. Barricades were set up and concertina wires installed at all entry points with a heavy deployment of security personnel, while shops, business establishments and the weekly flea market were closed as part of the security exercise. Gandhi, along with his sister and Congress general secretary Priyanka Gandhi Vadra, party leaders and workers, resumed the final lap of the yatra in Jammu and Kashmir from Srinagar's Pantha Chowk around 10:45

India should have a permanent seat in Security Council, says UNGA chief

Korosi has previously noted that during the high-level week in September 2022, one-third of world leaders underscored the urgent need to reform the Council - more than double the number in 2021