Page 162 - India

India imports 2.34 mn tons of fertiliser including urea, DAP in October

The country imported 23.4 lakh tonne of fertilisers, including urea and Di-ammonium Phosphate (DAP), in October this year, according to official data. Out of the total fertiliser imports, DAP was maximum at 14.70 lakh tonne, followed by urea at 4.60 lakh tonne, Muriate of Potash (MoP) at 2.36 lakh tonne and complexes at 1.70 lakh tonne in the said month, the data showed. Meanwhile, the domestic production of fertilisers was 36.19 lakh tonne in October, lower than the target of 41.54 lakh tonne set for the month. Against the assessed requirement of 71.47 lakh tonne fertilisers for October, the availability was less at 64.28 lakh tonne, and sales stood at 53.34 lakh tonne during the period, as per the data. Barring urea and ammonia, prices of DAP and fertilisers had shown an increase in the global market in October when compared to the year-ago period. Urea is highly subsidised at Rs 5,360 per tonne in the country. The government also offers subsidies on other fertilisers to ensure

As property market hits a slump in China, are investors turning to India?

-date period till October, investment in real estate development fell 8.8% compared with the same period in the previous year, commercial floor space sold dropped 22.3%

Rise in Indian corporate lending to locals signals new investment cycle

That international slowdown will limit the strength of the new Indian cycle, economists say.

Sovereign investors favour US, India as top 2022 investment markets: Study

Among developing nations, India has overtaken China as the most popular emerging market, having climbed to No. 2 in 2022 from No. 9 in 2014.

Multilateral agencies judging third world on false reports: Govt advisor

A senior government advisor has accused World Bank and other multilateral agencies and rating agencies in assessing third world countries like India based on factually incorrect reports being peddled by vested interest private agencies to suit their politically coloured views. Sanjeev Sanyal, a member in the PM's economic advisory council, while addressing the ongoing global summit of accountants here on Sunday evening also said it's high time that the World Bank and rating agencies question such reports because the parameters on which they have been prepared are bizarre most of the time and thus are far from reality. Most of the western reports, be it political or economic, are prepared by a narrow group of individuals who pedal their politically mired opinions as facts, Sanyal said, adding and when such reports are about India I can say that they are very far from reality. I'd request the World Bank to look into such politically biased reports being flaunted as factual because the

Good and bad news

COP27 does not push forward India's agenda significantly

India to chair Global Partnership on AI for 2022-23, says IT ministry

India will take over the chair of the Global Partnership on Artificial Intelligence for 2022-23 at a meeting of the body in Tokyo on November 21, the Ministry of Electronics and IT said on Sunday. In the election to the Council Chair, India had received more than a two-thirds majority of first-preference votes while Canada and the United States of America ranked in the next two best places in the tally - so they were elected to the two additional government seats on the Steering Committee, the ministry said in a statement. Minister of State for Electronics and IT Rajeev Chandrasekhar will represent India at the handover ceremony in Tokyo. "Close on the heels of assuming the presidency of G20, a league of world's largest economies, India will take over the chair of the Global Partnership on Artificial Intelligence (GPAI), an international initiative to support responsible and human-centric development and use of Artificial Intelligence (AI)," the statement said. GPAI is a congregati

India should nudge US to appoint judges to hear appeals at WTO

Dispute settlement is the central pillar of the multilateral trading system, and the WTO's unique contribution to the stability of the global economy

WEF looking at solutions from India to help accelerate decarbonisation

The World Economic Forum (WEF) is looking at solutions from India to help accelerate decarbonisation worldwide as the focus is to try and bring the best practices from wherever they are to everyone else, according to a senior executive. "What India has done with the acceleration of renewables, deployment of new renewables is quite outstanding. If I am not mistaken, the numbers are saying that your demand has grown but you have decoupled the demand for energy from the demand for coal. That is a very important element," WEF's Roberto Bocca told PTI here. Bocca is a Member of the WEF's Executive Committee and the Head of Shaping the Future of Energy and Materials. Regarding India, the forum is working on the demand side as well as on cities, transportation and industrial demand. "This transition will not happen just because (of the shift) from fossil fuels to renewables, it will also happen out of efficiency," he noted. When asked whether the forum is looking at solutions from India t

India records 492 new Covid infections in a day; active cases dip to 6,489

India logged 492 new coronavirus infections taking the total tally of COVID-19 cases to 4,46,69,015, while the active cases dipped to 6,489, according to the Union Health Ministry data updated on Sunday. The death toll climbed to 5,30,574 with four fatalities which includes three deaths reconciled by Kerala, the data updated at 8 am stated. One death has been reported from Maharashtra in a span of 24 hours. The active cases comprise 0.01 per cent of the total infections, while the national COVID-19 recovery rate increased to 98.79 per cent, according to the ministry website. A decrease of 293 cases has been recorded in the active COVID-19 caseload in a span of 24 hours. The number of people who have recuperated from the disease surged to 4,41,31,952, while the case fatality rate was recorded at 1.19 per cent. According to the ministry's website, 219.86 crore doses of Covid vaccine have been administered in the country so far under the nationwide vaccination drive. India's COVID-

India to be a net green energy exporter by 2050, says Gautam Adani

Asia's richest man Gautam Adani on Saturday said India, which took 58 years to become a trillion dollar economy, will add an equivalent sum to GDP every 12-18 months and will be the world's second largest economy by 2050. Speaking at the 21st World Congress of Accountants here, he said back-to-back global crises have challenged several assumptions, including that China should adopt western democratic principles, secular principles are universal, the EU would stay together, and that Russia would be forced to accept a reduced international role. "This multilevel crisis has shattered the myth of a unipolar or a bipolar world of superpowers that could step in and stabilize global environments," he said. "In my view - in this emerging multipolar world - superpowers will need to be those that take responsibility to step in and help others in a crisis and not bully other nations into submission, those that keep humanity as their foremost operating principle." A superpower, he said, must

India is an invaluable partner: US State Department on Jaishankar-Blinken

The United States supports India's G-20 presidency, US Secretary of State Antony Blinken tweeted as he met External Affairs Minister S Jaishankar in Cambodia on the sidelines of the ASEAN Summit.

In a first, India uses 'she', 'her' to refer to all genders in draft law

The draft Digital Personal Protection Bill, 2022, which has been put up for public consultation on Friday, finds mention of the two pronouns.

India becomes e-sports gaming hub with Valorant, BGMI tournaments

While still in its infancy compared to the US, China and Japan, investors are betting on huge growth in Indian esports -- powered by one of the world's youngest populations and cheap mobile data

Asian businesses embrace work from home but bosses say no to four-day week

Attitudes vary across the region. Singapore, Australia and New Zealand are most likely to embrace flexible working. China, Japan and India are the least receptive to it

G20 presidency would be a big boost to investment in tourism: Kishan Reddy

Reddy said that Mizoram is a beautiful state with huge potential in adventure and eco-tourism and that ITM plans to facilitate interaction between government agencies and stakeholders.

India's online sales up 25% at Rs 76,000 cr in festive month: Report

According to Bengaluru-based Redseer Strategy Consultants, the tier 2 and above cities drove this growth and contributed 57 per cent of festive GMV (gross merchandise value).

India, EU regulators standoff over clearing houses to affect BNP to HSBC

Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties

India hits back after Pakistan rakes Jammu & Kashmir issue at UNGA

India has slammed Pakistan after it raked the Jammu and Kashmir issue during a plenary meeting of the UN General Assembly on Security Council reforms, saying Islamabad's desperate attempts to peddle falsehoods and its bad habit of abusing the sanctity of multilateral forums deserves the international community's collective contempt. The General Assembly held a plenary meeting on Thursday on the issue of UN Security Council reforms during which Pakistan yet again raked up the issue of Jammu and Kashmir. I am taking the floor today to exercise India's Right of Reply to respond to Pakistan's continued abuse of this august Assembly, Counsellor in India's Permanent Mission to the UN here Pratik Mathur said. Mathur said that while the UNGA is meeting to discuss the "extremely important topic of UN Security Council reforms, the representative of Pakistan has yet again made unwarranted references to Jammu and Kashmir. Jammu and Kashmir, let me repeat once again for his benefit, remains an

Australian PM Anthony Albanese to visit India next March to lock trade deal

Prime Minister Narendra Modi will visit Australia next year for the Quad Leaders' meeting. And then he will return to India later in the year for the G20 Summit, a statement by the Australian PM said.