Prime Minister Narendra Modi called for a “fundamental mindset shift” to shape a new paradigm of human-centric globalization, as India assumed the presidency of the G20 on Thursday. In a blog, the Prime Minister underscored the theme of Vasudhaiva Kutumbakam (One World, One Family, One Future), and listed terror, climate change, pandemic as the greatest challenges that can be best fought together. Gone is the time to remain trapped in the same old zero-sum mindset, which has led to both scarcity and conflict, he said, adding that India’s G20 presidency will work to promote a universa
Qatar will supply liquefied natural gas (LNG) to Germany under a 15-year deal signed on Tuesday, as the European country attempts to replace Russian gas supplies disturbed due to the ongoing war in Ukraine. To begin in 2026, the deal will see Qatar sending up to 2 million tonnes of the gas to Germany through an under-construction terminal at Brunsbuettel. The deal involves state-run Qatar Energy and ConocoPhillips, which has stakes in Qatar’s offshore natural gas field in the Persian Gulf that it shares with Iran. Germany, which got more than half its gas from Russia before the war
Saudi Arabia on Monday announced plans for a new airport in Riyadh intended to spur rapid growth in the capital while advancing the kingdom’s ambitious aviation goals. The airport will accommodate 120 million travellers by 2030 and 185 million travellers by 2050. The airport project is in line with Saudi Arabia’s vision to transform Riyadh into one of the top 10 city economies in the world and support the growth of its population to 15-20 million people by 2030,” Saudi Crown Prince Mohammed bin Salman said in a statement. “With sustainability at its core, the new airport will ac
Prime Minister Narendra Modi on Sunday said that assuming the G20 presidency was a huge opportunity for India and that the country must utilise it by focusing on global good and welfare. The Prime Minister said this during his monthly radio broadcast, Mann Ki Baat. India will officially assume the G20 presidency from the current chair Indonesia on December 1. In his latest monthly radio address, Narendra Modi said that India can provide solutions to the varied challenges being faced globally. “Be it peace or unity, sensitivity towards environment or sustainable development, India ha
Solar Energy Corporation of India Limited, Ministry of New and Renewable Energy, is seeking bids from solar manufacturers under the second tranche of the Centre’s Production Linked Incentive (PLI) scheme that has a corpus of ₹19,500 crore. The PLI scheme is aimed at achieving manufacturing capacity of Giga Watt (GW) scale in high-efficiency solar photovoltaic (PV) modules. The last date for submitting bids is January 11, 2023. The Union Cabinet on 21 September 2022 cleared the scheme to incentivise manufacturing of domestic solar cell modules to lower the industry’s reliance on Ch
UK Prime Minister Rishi Sunak on Monday unveiled a new plan for the world’s 100 most talented young professionals in the area of artificial intelligence (AI) to help the country attract the brightest and best minds from across the world. Speaking at the Confederation of British Industry (CBI) annual conference in Birmingham, Sunak made clear that the control over the country’s post-Brexit immigration policy remains crucial for his government. However, he pledged to build one of the world’s most attractive visa regimes for entrepreneurs and highly skilled people and make use of the �
The Australian Parliament passed the country’s free trade agreement (FTA) with India on Tuesday, announced Prime Minister Anthony Albanese in a tweet. India and Australia would now implement the FTA on a mutually agreed date. The agreement was signed between the two countries in April this year. Once implemented, the FTA will provide duty-free access to the Australian market for over 6,000 broad sectors of India, such as textiles, leather, furniture, jewellery and machinery. Under the pact, Australia is offering zero-duty access to India for about 96.4% of exports (by value). Thi
United Arab Emirates Minister Omar bin Sultan Al Olama on Wednesday said the future will have Indian fingerprints for “everyone and everywhere”, as he praised the country for its advances in the field of technology and Indians shaping the future of technology in different places across the world. The UAE Minister of State, who holds the portfolio of Artificial Intelligence, Digital Economy, and Remote Work Applications, was speaking at the inaugural session of the 25th Bengaluru Tech Summit. According to him, there are other areas as well that will be India-driven. “I don’t thin
Saudi Arabia will make an investment of about $30 billion in South Korean companies, with the leaders of both the countries pledging stronger ties on Thursday in the fields of energy, defence, and construction. South Korean President Yoon Suk-yeol held talks in Seoul with Saudi Arabia's Crown Prince Mohammed bin Salman, who arrived on Thursday from Bali, Indonesia, where both the leaders attended the summit of Group of 20 (G20) major economies. Prince Mohammed underlined the role of South Korean companies in the development of Saudi Arabia's national infrastructure over the years a
Singapore will join the Article 6 Implementation Partnership that will coordinate international capacity-building efforts to promote the trade of carbon credits to help realize carbon markets around the world, said the country at COP 27 in Sharm El-Sheikh, Egypt. Carbon markets, covered under Article 6 in the Paris Agreement, will facilitate countries and companies to buy and sell carbon credits that could help them to decarbonise and slash emissions in a cost-effective manner. The Article 6 Implementation Partnership was launched by Japan’s Environment Ministry on the sidelines of the C