CLIMATE RESILIENT INFRA
Heat is costing India dear. How to prevent it from charring our economy
Indian Institute for Human Settlements (IIHS) estimates that failing to address climate change, notably heat, could cost India up to 2.3% of GDP by 2023, and 6.7% by 2050. India can't roll the heat back. But we can prevent it from charring our economy and grilling India's liveability.
India achieves $5 trillion market capitalization milestone, triples in a decade of economic progress
India's market capitalisation crossed $5 tn, tripling in a decade. Domestic ownership increased as foreign institutional ownership fell. GDP is expected to reach $5 tn in 3 years, $7 tn by 2030.
Make pilgrimages blessed experiences
The Char Dham Yatra, including Puri, Rameswaram, Dwarka, and Badrinath, set a record on Day 1 with over 29,000 pilgrims at Kedarnath causing road congestion. Uttarakhand government plans a Dharmik Yatra Authority to regulate the yatra, addressing past inactions and lobbying concerns. Focus on long-term planning includes climate-resilient infra, tourist management, and employment needs.
India, France further partnership on cultural ties, global commons
Aurélien Lechevallier, Director General for Global Affairs and Cultural and Economic Diplomacy at the French Ministry for Europe and Foreign Affairs, has been appointed as the new Co-chair of the Coalition for Disaster Resilient Infrastructure (CDRI) for two years. The appointment was announced during President Emmanuel Macron's State Visit to India in January 2024. Lechevallier emphasized the importance of investing in resilient infrastructure to save lives and prevent disasters, highlighting the unique capacity of CDRI to leverage international initiatives and tools.
Indian economy to grow 6.3% in FY24 and FY25: IMF
Indian economy is likely to log 6.3% growth in FY24 and FY25 on the back of macroeconomic and financial stability, International Monetary Fund’s Executive Board said Tuesday. The multilateral body expects investment to rise to 31.9% of GDP by FY25 and savings to rise to 30%.
Tunnel collapse in Uttarakhand: Infra needs ultra care in this region
The collapse of an under-construction tunnel on the Brahmakhal-Yamunotri National Highway in Uttarakhand last Sunday, trapping 40 workers, serves as a poignant reminder of the vulnerability of the Himalayan region. As a six-member panel, appointed by the state government, delves into the investigation of the collapse, it must scrutinize design choices, material selection, construction methods, and the adherence to geological studies that may have contributed to this tragic incident.
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India to stick to fiscal deficit target and consolidation path: S&P Global
Extension of free foodgrain scheme and likely more such expenditure may not put India off the fiscal prudence roadmap, S&P said. The ratings agency also said India’s growth is likely to bounce back again to 6.9% in FY25 and stay around the level till FY27.
Like in previous polls, Gujarat will give 100% seats to BJP in 2024: Gujarat CM Bhupendra Patel
In a candid conversation, Gujarat Chief Minister Bhupendra Patel shares insights on a range of topics, from the highly-anticipated Vibrant Gujarat Summit to the state's impressive track record in recent elections, and the outlook for key industries such as semiconductors. This exclusive interview delves into the state's vision and aspirations under his leadership.
"Steady and resilient through darkest storms": PM Modi hails India-France ties ahead of two-day visit
PM Modi has embarked on a visit to France at the invitation of President Emmanuel Macron. His two-day visit, on July 13 and 14, is special as this year marks the 25th anniversary of the strategic partnership between India and France.
Factor in 'calamity' in infra development
RBI estimates ₹85.6 lakh crore investment required in climate adaption by 2030 to help avoid increasing that amount. The upfront costs are worthwhile, as it will protect the most vulnerable and affected from being further challenged.
Extreme change in the air? Interest in climate resilience is growing among businesses
By April-end, more than two-thirds of India were reeling from a heatwave. At 15, the number of cyclonic disturbances in 2022 was higher than the average of 11, while the number of deaths due to extreme weather events was close to 2,300, higher than the previous two years. This year is unlikely to provide respite, particularly from the heat.
Loss and damage fund: Keep count of climate resilience
A $3-billion UN investment in early warning systems (EWS), the Coalition for Disaster Resilient Infrastructure's (CDRI) Infrastructure Resilience Accelerator Fund (IRAF) with a promised sum of $50 million, and the Global Shield Financing facility are some of the other funding sources that would support the agenda.
G7 infra ginseng to China's BRI
The development financing and trade initiatives are welcome, but to the extent that these are in reaction to widening of the Chinese sphere of influence, outcomes may be muted.
Infraprotect from climate shocks
Infrastructure is not just about creating assets but about providing people quality service in an equitable manner.
Australia to fund connectivity & infra initiatives in Northeast Indian Ocean & open mission in Maldives
Canberra on Friday announced that will it provide $36.5 million over five years, including $11.4 million to improve regional cooperation on maritime shipping, disaster resilience and information sharing.
Budget: Environmental experts hail proposal to issue green bonds to mobilise resources for green infra
Union Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 on Tuesday while announcing several climate action initiatives like energy transition, issuing of green bonds, sustainable urban planning and others.
World can progress faster with greater support of technology, finance to developing nations: PM
"Inspired by our traditional ethos of living in harmony with the environment, and the commitment of my government, India has adopted low-carbon and climate-resilient development practices," he said.
Amphan timely lesson for states to modernise infra, focus on disaster governance: NDRF chief SN Pradhan
NDRF chief SN Pradhan said extreme natural events are going to be more frequent now with the changing climate, and the only way to save more lives and reduce damage to property is through disaster-resilient infrastructure, especially in the coastal belts.
Infra push can spur economy, enhance competitiveness
Infrastructure investments will spur job creation in asset building, upkeep, and utilisation.
Infra players pitch for captive renewable energy policy, exemption from cross subsidy charges
The infrastructure companies raised these issues during a pre-budget consultation with Finance Minister Nirmala Sitharaman and top officials from finance, new & renewable, road transport and environment ministries.
Infra players pitch for captive renewable energy policy, exemption from cross subsidy charges
The infrastructure companies raised these issues during a pre-budget consultation with Finance Minister Sitharaman and top officials from finance, new & renewable, road transport and environment ministries. They also asked to make finance available for real estate and affordable housing to boost consumption of cement and other inputs like steel.
This is what Mumbai is about: Piyush Goyal after experience of commuting woes
Calling the problems caused by a combination of heavy rain and high tide unmanageable, the minister who reached a function late said this is what "Mumbai is all about".
India looking at bringing together broad-based coalition for disaster resilient infra: Akbaruddin
Over 63 countries have been invited to speak at the Summit, which will demonstrate solutions by governments, the private sector and civil society to reduce emissions and build climate resilience and adaptation.
Police suggest big-ticket infra projects to end traffic snarls
The list proposes 20 new flyovers, 51 underpasses, widening of 85 roads and junction-improvement work at 539 spots in the city.
Consistent government policy is key for infra investments: Martin Stanley, Macquarie Infra
There is an increasing appetite from international investors to invest in private markets.
Rajnath Singh urges int'l community to join hands to create disaster resilient infra
The two-day workshop is organised by the National Disaster Management Authority in collaboration with the United Nations Office for Disaster Risk Reduction.
Natural calamities in Asia, Pacific threat to infra: ADB
India's future infrastructure investment requirements rise to 8.8 per cent of the gross domestic product (GDP) when adjusted for climate resilience, ADB said.
India, ADB ink $375 million loan pact for industrial corridor
ADB had last September approved USD 631 million in loans and grants for the industrial corridor.
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