Tag: India

The Delhi government has reimposed a ban on firecrackers in the city to reduce pollution levels in winter. The ban has been in place for the last three years and has seen a considerable improvement in air quality. The government is confident that the ban is the right thing to do to protect the health of Delhi's residents.

The India-Middle East-Europe Economic Corridor (IMEC) is a proposed multimodal transport corridor that will connect India with Europe via the Middle East by sea and rail. It is expected to reduce logistics costs, ensure quicker delivery of shipments, and make the global supply chain more resilient. The IMEC is seen as an alternative to China's Belt and Road Initiative and is expected to boost economic activities, create jobs, and help reduce carbon emissions.

India and Saudi Arabia are looking to boost investment and trade ties. India's DPIIT secretary said there is huge scope for Saudi Arabian companies to invest in India in sectors such as aviation, pharma, bulk drugs, renewable energy, food processing, and agri-tech. The two countries have also signed 47 MoUs and agreements in a range of areas, including energy, infrastructure, healthcare, and tourism.

The Indian pharmaceutical industry is expected to grow by 8-10% in the current fiscal year, driven by a steady domestic demand and increased exports to regulated markets. The growth will be supported by moderation in input and logistics costs, and abating pricing pressure in the US generics market.

The G20 Delhi Declaration is a roadmap to a more sustainable and equitable future. The declaration commits the G20 countries to accelerate the transition to clean energy and ensure energy security for all nations. It also commits the countries to working collectively to ensure that everyone has access to safe, nutritious, and affordable food. The success of the declaration will depend on the collective will and action of the G20 countries. Here are some of the key points: The declaration is a significant step towards addressing two of the most critical challenges facing humanity: energy and agriculture. It has the potential to create over 30 million jobs globally in the renewable energy sector alone by 2030 and increase global food production by 15 percent by 2040. The success of the declaration will depend on the G20 countries' willingness to implement its commitments.

Turkish President Erdogan supports India's bid for permanent UN Security Council seat. Erdogan said that the world is "bigger and larger than five", referring to the five current permanent members of the Council. He believes that India has the necessary capabilities and experience to play a constructive role in maintaining international peace and security. Erdogan also supports the idea of rotating seats on the UNSC for non-permanent members.

India's imports from China rose across 25 major commodity groups in FY2023, driven by China's low cost of production, strong manufacturing base, and proximity to India. The increase in imports is likely to have a number of implications for India, including a trade deficit with China, job losses in some domestic industries, a boost to India's economy, and technology transfer.