UNITED NATION S SUSTAINABLE DEVELOPMENT GOALS
Green bonds - Municipal bodies think change, climate change
Brihanmumbai's ₹10,224 crore FY25 climate budget signifies Indian municipal bodies' shift to sustainability. With Solapur, Vadodara, Bhopal, Indore, and Pimpri-Chinchwad leading green initiatives, CEO Masood Mallick highlights Swachh Bharat Mission, regulatory evolution, and public-private partnerships. NGT's environmental compensation emphasizes compliance, increasing the need for green financing.
MSMEs are on sustainability path but profitability focus can make the move faster
MSMEs contribute a big part to India’s manufacturing output and hence, it becomes critical they adopt energy-efficient technologies to reduce operational costs.
SCO fosters regional stability & multilateral coop: Kazakhstan
The SCO Summit in Astana, Kazakhstan, represents a significant event for over 3 billion people. Kazakhstan, as a founding member, prioritizes the SCO's development within its balanced foreign policy. Deputy Foreign Minister Roman Vassilenko emphasized the summit's role in mutual respect and consensus-building. Under Kazakhstan's presidency, over 150 events focused on energy, digitalization, and environmental protection. President Tokayev's "World Unity for Just Peace and Harmony" initiative highlights Kazakhstan's influence. Kazakhstan's strategic location, rich resources, and strong economic growth make it a key player in global diplomacy and trade.
Must accelerate action for sustainable development goals: UN Secy General
The Sustainable Development Goals face challenges due to the COVID-19 pandemic, conflicts, and climate change. Urgent global cooperation is needed to address rising poverty, conflict casualties, and displacement. Despite progress in renewable energy, more action is crucial for a just energy transition to achieve the SDGs by 2030.
Only 17% of targets to improve life around the world are likely to be reached by 2030, UN reports
Despite incremental progress in some areas, global sustainable development remains hindered by slow advancement and persistent challenges. Efforts in expanding technology access and renewable energy capacity show promise, but significant work is needed to address issues like gender equality and education to achieve the 2030 goals.
In 2020, only 4% could not access an urban centre in India, reveals study
In 2020, only four per cent of India's population lacked access to an urban centre, according to a study published in the journal Nature Cities. The research, led by the Food and Agriculture Organization (FAO) of the United Nations, Italy, examined over 30,000 urban centres globally. The study highlighted that three per cent of India's population could only reach towns within an hour of travel.
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Indian fertilizer industry on track to reach Rs 1.38 lakh cr by 2032 amidst robust growth and strategic innovations
In 2023, the Indian fertilizer market size stood at Rs 94,210 crore, driven by increased agricultural demands and strategic governmental interventions.
India underlines importance of making African voices stronger in multilateral organisations
India's Permanent Representative to the UN Ambassador Ruchira Kamboj told the UN Security Council on Thursday that it is "high time" that the comity of nations gives due credence to the African member states. "Sustainable peace and security is possible only if external forces do not intervene for vested interests. This calls for making African voices stronger in multilateral organisations so that they can argue their own case and call out external interferences," she said.
India committed to strengthening African role in global security, development
India's Permanent Representative to the UN Security Council, Ruchira Kamboj, emphasised India's steadfast support for bolstering African states in global security and development during an open debate. She highlighted the importance of peace and development interdependence. She advocated for sustainable economic growth through partnerships. Kamboj called for UN Security Council reform to grant permanent African representation and combat terrorism in Africa. She also highlighted the need for enhanced resources and support for peacekeeping missions.
US, Philippines to train Filipinos in nuclear power
The Philippines and the United States agreed to train Filipinos in building and operating nuclear power plants to boost the Southeast Asian country's electricity supply. Following a November nuclear cooperation agreement, the new deal will offer scholarships and exchange programs for Filipinos to study civil nuclear power and renewable energy. This initiative aims to develop a skilled workforce for clean energy infrastructure. Philippine President Ferdinand Marcos is determined to adopt nuclear power, including potentially reviving a mothballed $2.2 billion plant.
"If we work together, India can achieve all SDGs by 2030" says Ajay Piramal at CII Annual Business Summit 2024
Underscoring the rapid progress expected over the next two decades, he said, "Let's say in 2047, we'll have - we'll be the third-largest economy, maybe a USD 40 billion economy. Even now, in the next - I think by 2029, we'll be the third-largest economy. So only the U.S. and China will be ahead of us. So that's a big progress the country is making."
Chole Bhature, kadak chai, and gazab UPI: US Ambassador Eric Garcetti shares his amazing experience in India
"I never dreamed I'd have the honor and privilege of representing my country here in India, but what a year it's been," remarked Garcetti, expressing gratitude for the opportunity.
Global debt crisis impacting nearly 95 countries: G20 Sherpa Amitabh Kant
G20 Sherpa Amitabh Kant emphasized the challenges posed by the Russia-Ukraine war and tensions in the Middle East for global stability and economics. He stressed the need for urgent action to pursue inclusive and sustainable growth strategies in the face of a global debt crisis affecting nearly 95 countries, while maintaining focus on achieving the Sustainable Development Goals (SDGs) by 2030.
Infosys collaborates with AEEE, IIHS to decarbonise India’s commercial building sector
Infosys, AEEE, and IIHS collaborate on 'ASSURE' to decarbonize India's commercial building sector, aiming for 100 million sq. ft. of high-performance buildings by 2030. The initiative includes experts, lighthouse projects, and engagement with financial institutions.
Unified GCC visa: Middle East’s multi-nation travel permit to be rolled out this year
The Saudi Tourism Authority has said the imminent introduction of the Unified GCC visa, permitting travellers to explore all six Gulf nations for more than 30 days, is scheduled for implementation by year's end. This initiative, introduced by the UAE Minister of Economy at the Arabian Travel Market, seeks to stimulate tourism and streamline travel throughout the GCC region. Comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, the Gulf Cooperation Council is actively participating in this endeavour.
AMPIN Energy Transition secures $35 million funding
AMPIN Energy Transition announced securing funding of USD 35 million (over Rs 292 crore) from responsAbility, a Switzerland-based impact asset manager. The investment will support AMPIN in various projects across its special purpose vehicles (SPVs), particularly in the commercial and industrial (C&I) solar segment. These projects encompass sectors such as manufacturing, auto, pharma, healthcare, FMCG, and data centers.
India's Panchayati Raj system highlights strides made in women's leadership: Ruchira Kamboj
India's Permanent Representative to the UN, Ruchira Kamboj, highlighted the significant progress in women's leadership within India's Panchayati Raj system. Speaking at a #CPD57 side event, she praised the system's decentralised power structure, facilitating active participation from all residents through the Gram Sabha. Kamboj noted the constitutional amendment mandating one-third of all elected roles be reserved for women, leading to 50% representation in 21 states. She emphasized women's transformative impact, integrating gender considerations into local planning for inclusive and sustainable outcomes.
ADB open to funding space sector in India: VP Bhargav Dasgupta
The Asian Development Bank is open to funding the space sector in India in addition to focusing on climate finance to mitigate the associated risks, said its Vice President Bhargav Dasgupta on Friday. ADB has done some projects in satellite in the Asia Pacific region, but has not provided any assistance in the Indian space sector.
India, Norway extend health cooperation with 4th phase of NIPI
A health initiative between Government of India and Government of Norway, the Norway India Partnership Initiative (NIPI) Phase 3 builds on experiences from NIPI 1 & 2 and focuses on areas of Maternal, Newborn and Child Health.
ESG goals transitioned from mere discussions to essential elements in corporate landscape: Alok Verma, Ashok Leyland
ESG is impacting the business strategy of OEMs in multiple ways from demonstrating product stewardship on alternative fuels or battery electric vehicles to adopting better practices across operations.
India-EFTA TEPA: Why FTA with 4-European nations is a breakthrough in trade and sustainability
India’s first agreement with a free trade association of highly developed countries mandates sustainable trade development but also makes it easier for MSMEs to adopt and adhere to these standards.
From digital literacy to women entrepreneurship: How Nasscom Foundation is championing technology for social good and SDG push
Nasscom Foundation is focused on driving social change through technology, and its broad spectrum of initiatives are aimed at holistically harnessing technology for social innovation, says Nidhi Bhasin, CEO.
IBSA plans outreach session with selected nations on the lines of BRICS
Without any direct reference to the Gaza situation, the Ministers recalled that all parties to armed conflicts must respect and protect civilians and take constant care to spare civilian objects, in compliance with the humanitarian principles of distinction, proportionality and precaution.
ET Explains: Clearing the air on emissions and carbon capture
To mitigate CO2 emissions, India is drafting a Carbon Capture, Utilisation, and Storage (CCUS) policy. It will not only facilitate decarbonization efforts but can potentially kickstart a $10 billion industry in next five years, by using captured carbon to make chemicals, among other uses.
India performs well on 85 indicators of SDG target; Asia and Pacific to take 32 years more to achieve SDG goals: UNESCAP
Data released by the UNESCAP as part of the Asia and the Pacific SDG Progress Report: Showcasing Transformative Actions 2024 report indicated that the country still had quite a few indicators where data availability was an issue.
In 2050, one-third of global river sub-basins could face water scarcity: Study
In 2050, one-third of global river sub-basins are projected to face severe scarcity of clean water due to nitrogen pollution, new research has found. Analysing more than 10,000 global river sub-basins, an international team of researchers found that nitrogen pollution dramatically increased the number of river basin systems considered scarce with regards to its water quality. The supply of clean water for all is one of the United Nations Sustainable Development Goals (SDGs) for 2030.
Interim budget: Steering towards sustainable and equitable growth
The interim budget serves as a crucial milestone in this journey, aligning with broader goals of sustainability, inclusive development, infrastructure enhancement and fiscal responsibility. It hinges on harnessing the power of women, youth, farmers and innovation for nation's development. The finance minister reminded us that the aspiration of growth must go hand in hand with having adequate financial resources and hence, opening India to more investment from the world is more important than ever for India's growth story to continue.
Ruchira Kamboj shares India's development journey at UNDP high-level policy dialogue for Asia-Pacific
India's Permanent Representative to the United Nations, Ruchira Kamboj, highlighted India's development journey at the UNDP high-level policy dialogue for the Asia-Pacific. She emphasized India's commitment to surpassing the Sustainable Development Goals (SDG) target 1.2, focusing on women-led development. Prime Minister Narendra Modi, earlier at the Vibrant Gujarat Global Summit 2024, outlined India's goal to become a developed country by its 100th year of independence. Modi attributed India's economic resilience to structural reforms, stating that India is now the fifth-largest economy and is projected to be among the top three globally.
India starts four-year term as UN Statistical Commission member
The nodal body of statistics in the country, the Ministry of Statistics and Programme Implementation has been trying to develop a database of high-frequency socio-economic indicators which cannot be compiled using administrative data.
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