Rich economies must help foot our energy transition bill: India’s environment secretary

Wealthy economies must help with financing India’s energy transition, according to a Bloomberg report, citing India’s Environment Secretary, Rameshwar Prasad Gupta. “Every policy decision has a cost to the economy. Going net-zero or using less carbon also has a cost,” Gupta said in an interview. “We are not anti-net-zero. But without adequate climate finance being […]

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Excise duty collections from petroleum products being used in infra development: Minister Nitin Gadkari

Union Minister Nitin Gadkari on Thursday said excise duty collected from petroleum products are being used for infrastructure development and other development items. The road transport and highways minister said this in the Lok Sabha while replying to a question on the impact of rising fuel prices on the logistics cost of transportation in the […]

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Commerce and Industry minister, Piyush Goyal calls for Indo-Pacific trade agreement

Commerce and Industry Minister Piyush Goyal called for a services trade agreement among friendly nations of the Indo-Pacific region as it can help liberalise domestic regulations and build capacity in sectors like e-commerce and IT. Speaking at special plenary with the trade ministers of the Indo-Pacific region, Goyal said India’s trade with select Indo-Pacific economies […]

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China’s recovery has broadened, economic growth seen reaching 8.5% in 2021 – World Bank

China’s recovery has broadened as economic activity has continued to normalise, the World Bank said, adding that its economic growth is projected to reach 8.5 percent this year before slowing to 5.4 percent in 2022, as low base effects dissipate and the economy returns to trend growth. Improved consumer and business confidence and better labor market […]

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China-Europe freight-train service records over 40,000 trips: Xinhua

The China-Europe freight-train service has recorded more than 40,000 trips with transported goods valued at over $200 billion, Xinhua reported citing official data. Since the first China-Europe freight train left southwest China’s Chongqing Municipality in March 2011, the service has reached more than 160 cities in 22 European countries, according to a work conference of […]

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IFFCO to launch world’s first nano urea in liquid form priced at Rs 240 per 500 ml bottle

Leading farmers’ cooperative, Indian Farmers FertiliserCooperative Ltd. (IFFCO) is soon to launch the world’s first ‘Nano Urea’ for farmers across the world, Press Trust of India reported. The production will commence from June. The indigenously developed ‘Nano Urea’ is in liquid form and is priced at Rs 240 per 500 ml bottle, which is 10 per cent cheaper than the cost […]

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China’s monetary policy and regional strategy

China’s orthodox monetary policy continues to be in stark contrast to the G7 world. It has also continued to attract inflows into its bond market though inflows have slowed in the short term given the narrowing of the spread between the Chinese 10-year and the US Treasury 10-year, Chris Wood, internationally renowned for his weekly […]

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