The RBI’s latest monetary policy and regulatory pronouncements are a strange mixture of caution and recklessness. The policy appreciates that with inflation depressed, not only because of well-behaved food prices but also because of deficient demand that has sent fast-moving consumer goods companies into depression, real interest rates in the economy are high.
Earlier this month, the Supreme Court ordered the government to set up a committee to evolve measures to help home buyers who find that the properties they have invested in are stuck in stalled construction, even as their builders go into insolvency.
The Prime Minister’s Employment Generation Programme (PMEGP) is India’s flagship credit-linked subsidy scheme for promoting micro-enterprises in the non-farm sector.
The urgent need for climate transition has increased the profile of deep-sea mining (DSM) as a possible source of the metals necessary for a transition to renewables. The need for cobalt, nickel, manganese, copper and rare earth elements, necessary for batteries, wind turbines, and electric vehicles, is growing as more governments commit to carbon neutrality by mid-century.
India-Saudi Arabia share a history of deep economic, cultural and strategic ties. In recent decades, these have been strengthened by high-level exchanges and bilateral agreements. Both countries are committed to a relationship that leverages their respective strengths. The Delhi Declaration in 2006 and the Riyadh Declaration in 2010 were two initiatives that built a foundation for cooperation, especially in energy. Since then, the relationship expanded significantly through visits by Indian Prime Minister Narendra Modi and Crown Prince Mohammad bin Salman of Saudi Arabia, which eventually led to the formation of the Strategic Partnership Council (SPC) in 2019.
India is steadily moving towards self-reliance and technological independence, especially under programs like Atmanirbhar Bharat and Make in India. These initiatives aim to reduce reliance on imports across various sectors, including sustainable energy. An essential part of this shift is gaining the ability to access and process critical minerals. Rare Earth Elements (REEs) are crucial in making high-performance components like Rare Earth Permanent Magnets (REPMs). These magnets are widely used in wind turbines, electric cars, electronics and defense applications.
The Delhi Development Authority (DDA) prepared the Master Plan for Delhi 2041 (MPD 2041) as a comprehensive statutory development plan, which is the fourth plan, following its predecessors in the years of 1962, 2001, and 2021.