Aware Financial News

G20 members late Thursday agreed to make an effort towards the “phasedown of unabated coal power”, staying with the text of the Bali declaration on the issue. This was decided at the Sherpa-level deliberations that aim to finalise the text for the Leaders’ Declaration. India’s proposal to expand it to “phase-down of fossil fuel” ran into stiff opposition from Saudi Arabia and Russia, people aware of the deliberations told ET. The “phasedown of coal power”, agreed on in earlier declarations, is in the context of energy efficiency and in line with national circumstances, and does not impinge on India’s energy security, the people said. The cue was taken from the Bali declaration where the phrase “phasedown of unabated coal power” found agreement among all members. The language has also been used earlier in the UNFCCC Glasgow Climate Pact and the Sharm el-Sheikh Implementation Plan. Unabated coal power is generally understood to mean coal power without carbon capture utilisation and storage. There was no mention of a phasedown of coal power at the outcome of the G20 Energy Transition ministerial meeting in July, a prelude to the leaders’ summit.

NEW DELHI : Prime Minister Narendra Modi may launch the much-anticipated Global Biofuels Alliance on 9 September during the upcoming G20 summit, said two people aware of the development. The marquee alliance with India, the US and Brazil as its founding members has received interest from 19 countries, from the G20 as well as outside it.

Insurance: Taking a comprehensive life insurance cover is one of the easiest ways to ensure that the family-members are well-covered. In case, the family loses its main source of income due to the income earner’s sudden demise, an insurance cover can take care of the family’s day-to-day expenses and other financial goals. Further, the Married Women’s Property Act (MWP Act) can be used effectively to protect the estate of a married woman, received through the insurance cover.

climate change, discussions around sustainable development have become the global chorus of our times. However, within these discourses, a critical reality is often glossed over: the disproportionate responsibility of global emissions. A keen examination reveals that the nations of the Global South, like India, often portrayed as burgeoning emitters, are not the principal contributors to the crisis we face.

Australian Transport Minister Catherine King says invasive gynecological examinations conducted on passengers at Doha’s international airport in 2020 were part of the reason she refused to allow Qatar Airways to double its services to Australia

leadership in the G20 and extended their best wishes. They also congratulated India on the successful Chandrayaan-3 mission. Kumar mentioned that PM Modi engaged in comprehensive discussions, covering various areas such as connectivity, maritime cooperation, digital transformation, trade and the economy, environment, health, and traditional medicine.

agricultural organisation (FAO) that will result into producing a policy paper and a book. “We have ‘save the millets campaign’ since it’s the international millets year.

Feeding animals is a common practice: It is a common practice in urban and rural areas to feed animals. The practice stems from traditions and in many households special rotis and rice are cooked to feed animals. As a result of this practice, animals like dogs, cats, and cows often settle or become regular visitors to places where humans settle.

upskilling opportunities that match specific requirements and this presents an opportunity to add over one hundred million people to the workforce, increase the GDP and propel the Indian economy towards $4 trillion, according to a report. These findings were recently shared by Omidyar Network India (ONI) in its report, The Next Frontiers: Skilling and Employability Solutions for the Next Half Billion, with Redseer. The report explores the opportunity of skilling and employing a vast group of people who are entering the workforce in diverse ways. This comes at a critical time when India is already home to a steadily growing work-ready population that is expected to increase till 2049, given our demographic dividend. Meanwhile, our workforce participation is still low at 46%, and especially low for women at 27%. This makes it clear that opportunities for work and skilling for those opportunities need to work hand in hand. The report drills down into a subsegment of the workforce market that it estimates to be about 580 million. The report suggests that the skilling solutions need to be granular to really benefit these different personas and their needs. Of these diverse personas, it highlights the potential demand for upskilling for about 230 million people who are in search of better jobs. These include, according to the report’s definition:

Indian equity market has witnessed several upswings in recent years, but the current rally is particularly noteworthy for its strength and breadth. Though inflation concerns and risk aversion due to Fitch’s downgrade of US credit rating may have led to some sobering of sentiments in the India Equity, the long-term growth prospects look intact. If we look at the broader macro backdrop in the past cycle, there are notable differences between the current rally vs the pre-covid times — that is, 2013-2018 (especially in mid/small category). The current rally is positively different from the previous rally in the 2013-18 period in several ways.

RBI) has been making informal inquiries with select bond market participants about the impact of allowing settlement of domestic sovereign debt on the Euroclear platform, a move that experts believe would help expand the overseas investor base for local debt and eventually lower borrowing costs through inclusion of these bonds in globally tracked indices. «They (the RBI) are not averse to the process of settlement of Indian bonds on the Euroclear platform and have been taking feedback from the market,» a source aware of the development said. «Such discussions happened earlier too — there were some concerns over a parallel yield curve developing, although the market has developed more now and is much deeper.» In most cases, bonds listed on an international index are settled on global platforms such as those offered by the Belgium-based Euroclear. Although Euroclear settlements are not mandatory for inclusion of Indian sovereign debt on global bond indices such as those offered by JP Morgan and Bloomberg Barclays, the presence of a settlement mechanism on a global platform is seen to help push the cause for inclusion.'Tax Relief Unlikely' A Reuters report, citing Bank of America Securities, said last month that index inclusion could lead to inflows of $6 to $12 billion over a period of time into India, thereby helping lower yields on sovereign debt.

₹10 lakh in health insurance coverage, while 27 percent have less than ₹5 lakh, revealed a survey conducted by insurance company ACKO in six Indian metro cities. In the survey, which covered over 1,000 people in the age group of 28 to 55, ACKO found out that following the COVID-19 pandemic, awareness about health insurance has increased. However, it also added that the health coverage of most Indians is insufficient compared to the medical expenses.

₹51,000 crore for FY24 is lower than the previous year’s original target. The estimates for FY23 had been revised to ₹50,000 crore from an earlier target of ₹65,000 crore. As of September 2023, the government has been able to garner ₹5,600 crore, primarily from offers to sell a 3% stake in Coal India Ltd and 5.36% in Rail Vikas Nigam Ltd.

South Korean power companies say they are preparing to sue Australian laboratory giant ALS over claims of fake-coal testing, and are also considering action against miners.

Narendra Modi over not sharing its agenda for the upcoming special Parliament Session beginning September 18-22, Union Parliamentary Affairs Minister Pralhad Joshi' said that the Opposition is unnecessarily politicising the issue, adding that it will inform the public what is going to happen during the session. The Centre has called for a special session of Parliament for five days between September 18 and 22.