Aussie media highlights no breakthrough in CECA with India
PTI India and Australia failed to make a headway in finalising the long-overdue free trade deal during Prime Minister Malcolm Turnbull's first visit to India though he got along well with his counterpart Narendra Modi, the Australian media revealed. Turnbull's trip had raised high hopes of breathing new life into the stalled trade negotiations but the two leaders admitted that the progress was "very slow". The Australian PM said there was no point in setting arbitrary time frames for the agreement. "You can sign an agreement any time, it’s a question of whether it’s got the provisions that make it valuable and worthwhile from Australia's point of view," Turnbull was quoted as saying by Skynews TV channel. The two covered a ...
India, UK to invest 500 million for clean energy projects
The Dollar Business Bureau India and the UK on Tuesday agreed to set up clean energy projects with combined investments of £500 million. On Tuesday, UK Chancellor of the Exchequer Philip Hammond who is leading a high-profile trade delegation to India, met Finance Minister Arun Jaitely and expressed commitment to invest in India’s clean energy needs. In the first phase, the two countries will invest £120 million each in the joint fund. They, however, vow to raise about £500 million. According to Jaitley, “The Green Growth Equity Fund will be a sub-fund of NIIF. “We have established the NIIF. Our first major step in the fund has been taken and there is going to be a sub-fund. With the NIIF participating in it, ...
India will soon be zero petroleum import country, says Nitin Gadkari
The Dollar Business Bureau India is focussing more on developing alternative fuel economy and will soon stop importing petroleum products, Central Minister Nitin Gadkari said today. He was speaking at a conference organised by Niti Aayog. The main theme of the conference was Methanol Economy. Inaugurating the International seminar on India’s leap into Methanol Economy, there were policy makers from road transport to petroleum ministry to Niti Aayog who gathered to discuss and deliberate. Speaking at the inauguration Union Minister Nitin Gadkari said that govt aims for zero imports of petroleum and focus are on the use of bio mass as a source of energy which will boost the rural economy. Vice Chairman Niti Aayog, Arvind Panagriya said, “climate change was a big ...
PM reviews projects, calls for focus on rural infrastructure
The Dollar Business Bureau In a move to review the ongoing infrastructure-related projects in the country, the Prime Minister of India, Narendra Modi, recently chaired a high-level meeting focused at development of infrastructure sectors. In the review meeting, which witnessed the deliberations on overall status of the country’s infrastructure sector, a special focus was also laid on specific sectors like rural infrastructure, power, coal, renewable energy and petroleum and natural gas, among others. The Prime Minister, who reviewed the status of currently-stalled projects under infrastructure sector and other sectors, was given a detailed overview of the plans of various Ministries towards completion of pending projects within the current financial year. Besides this, the Prime Minister was also informed about ...
