A New Era of Energy Cooperation: India and Nepal Inaugurate Transmission Lines
In a landmark agreement that marks a new era in the energy sector of South Asia, Nepal and India have formalized a significant power trade agreement. Under this accord, Nepal will export 10,000 megawatts (MW) of hydroelectricity to India over the next decade. This agreement not only underscores the strengthening ties between the two neighboring […]
Adidas’s First Asia GCC Finds a Home in Tamil Nadu, Not China
Adidas, the global sportswear giant, has chosen Tamil Nadu as the location for its first Global Capability Center (GCC) in Asia. The GCC, which will be operational by mid-2024, will provide digital and technology services to Adidas’s global operations. Why Tamil Nadu? According to Adidas, Tamil Nadu was selected for its talent pool, infrastructure, business […]
India-UK Trade Deal: The Social Security Conundrum in Focus
The ongoing negotiations for the proposed Free Trade Agreement (FTA) between India and the UK have reached a crucial stage as they enter the 14th round, with the issue of social security emerging as a significant point of contention. The discussions, which started in January 2022, aim to strengthen the economic ties between the two […]
Rajasthan’s Ancient Tankas Reimagined: A MGNREGA Success Story
The traditional tankas of Rajasthan are earthen rainwater storage tanks that have been used for centuries by the people of Barmer district and other parts of western Rajasthan to collect water received during showers between July and September. These tankas have a capacity of 20,000 to 40,000 litres and can meet the drinking water needs […]
RBI’s New Directive: Enhancing Transparency in NCDs and CPs Funding
The Reserve Bank of India (RBI) has recently introduced revised guidelines for the issuance of commercial papers (CPs) and non-convertible debentures (NCDs) of up to one year. This move aims to regulate short-term investments and enhance transparency in the market. The new norms, effective from April 1, 2024, mandate issuers to clearly specify the end […]
DPIIT Secy reveals plans for third party assessment of white goods PLI scheme
The government has announced that it will undertake a third party assessment of the Production Linked Incentive (PLI) scheme for white goods, which aims to boost domestic manufacturing and attract large investments in the sector. The assessment will be to see whether the stated objective of the scheme – that intends to make India a […]
AI and GenAI under the scanner: Centre to amend IT Rules
The Centre is likely to amend the Information Technology (IT) Rules, 2021 to regulate the use of artificial intelligence (AI) and generative AI (GenAI) in India, according to a report by The Economic Times. The report cites unnamed sources who claim that the government is concerned about the potential misuse and abuse of AI and […]
Reliance Industries: Transforming Plastic Waste Management with ISCC-Plus Certification
Reliance Industries, India’s largest private sector company, has achieved a major milestone in its efforts to promote circular economy and reduce plastic waste. The company has become the first in India to chemically recycle plastic waste-based pyrolysis oil into International Sustainability and Carbon Certification (ISCC)-Plus certified circular polymers . Pyrolysis oil is a product of […]
SBI Goes Global for Green: Raises $1 Billion to Boost India’s Environmental, Social, and Governance Portfolio
State Bank of India (SBI) has entered the social loan market by raising $1 billion from overseas markets, the bank announced on Tuesday. The loan is the largest ESG (Environmental, Social and Governance) loan raised by a commercial bank in the Asia Pacific region and the second-largest social loan globally. The loan consists of $500 […]
Rising Tide of Complaints: RBI Takes Action Against Credit Bureaus
The Reserve Bank of India (RBI) has recently taken significant steps to address the increasing number of customer complaints against Credit Information Companies (CICs). This move reflects the RBI’s commitment to ensuring the accuracy and reliability of credit reporting in India, which plays a crucial role in the country’s financial system. Key Developments and RBI’s […]