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renewable energy capacity in the past few years, a shortage of solar modules continues to cast a cloud over the sectors’ growth prospects, said stakeholders at the Mint Sustainability Summit 2023. Speaking at a panel discussion on ‘The Future of Clean Energy in India: A 500GW Vision’, Mohit Bhargava, CEO, NTPC Green Energy noted that domestic solar module manufacturing capacity is now close to 20-25 GW, but the supply chain is still dependent on Chinese imports for products like cells and wafers. He added that given the concerns on continuing imports, the Centre has rolled out the second phase of the production linked incentive scheme for solar modules, which would support the entire value chain from cells to modules.

climate change. But the funding available to them is $46 billion. How does one fill this gap? In a panel discussion on financing the green transition at the Mint Sustainability Summit, Nawal Saini, MD, Brookfield Renewable Power & Transition Group, said there was a need to deepen the bond markets and make available long-term fixed-rate capital.

Soaring technology costs of 20 per cent in the past year are making it harder for Australia to roll out projects to reach its 2030 climate targets on the pathway to net zero by 2050.

Expenses: Passive funds charge TER to cover management and operating expenses associated with managing the fund. A higher or lower TER has a direct impact on the fund returns. Cash holdings: Passive funds also hold a certain percentage of AUM in cash and cash equivalents (usually liquid securities) to honour investor redemptions.

Globetrotters are always on the search for good, cheap accommodation. And that is good news for people offering homestays via platforms like Airbnb. The Airbnb story, though, is not new in India.

CNBC-TV18 which cited sources. The decision comes as the financially constrained airline secured urgent funding of ₹100 crore from lenders to meet some immediate expenses. The report added that Go First plans to use the ₹100 crore funding to pay parking and airport costs, employees' salaries, insurance premiums, aircraft maintenance, repair, and statutory dues.

3M and plaintiffs attorneys are nearing a settlement that would resolve hundreds of thousands of claims by veterans that earplugs made by the company and a subsidiary failed to protect them from hearing loss. Under the terms being discussed, 3M would pay about $5.5 billion, people close to the discussions said. Negotiations are continuing, they said, and the final amount hasn’t been established yet.

My father gifted me a house worth ₹54.5 lakh in June 2017. I have paid ₹4.5 lakh as stamp duty on the same. I am planning to sell the house for ₹2 crore in the current financial year. How is capital gain computed on this and how much tax should I pay. —Name withheld on request Any immovable property, including a house, received by an individual taxpayer during any financial year (FY) without consideration, the stamp duty value of which exceeds ₹50,000, is not taxable if it is received from a relative which includes, among others, the father of an individual.

Christine Lagarde's avoidance of a clear signal of intent for European Central Bank policy has just thrown a brighter spotlight on a pivotal week in the euro zone. While the president observed on Friday that inflation remains undefeated, she didn't address prospects for the September 14 meeting, giving colleagues scope to publicly debate the need for increasing borrowing costs just as crucial data arrive in coming days. Consumer-price numbers will set the scene for one of the most suspenseful decisions since ECB rate hikes began more than a year ago, as officials ask if additional monetary tightening is an imperative, or whether a souring economic outlook is bleak enough to warrant a pause. Those who attended the Federal Reserve's Jackson Hole conference alongside Lagarde will have heard for themselves Chair Jerome Powell's own signal that US borrowing costs will stay high and could even rise further. “Our view remains that a rate hike in September remains on a knife-edge but ultimately the ECB, with an eye on core inflation, will raise,” David Powell and Maeva Cousin of Bloomberg Economics wrote after the president's speech. By contrast, in another illustration of the close-run nature of the decision, economists at Berenberg led by Holger Schmieding changed their forecast on Friday before Lagarde spoke to put a 60% probability on a rate pause, up from 40%.

India has sought relaxation in certain visa requirements, reduction in the number of documents and fast tracking of the application processing time to allow easier and quicker mobility of its skilled professionals to Australia. The move is aimed at allowing direct entry of Indian workers into Australia instead of the current practice under which skilled workers are often routed through GCC nations or the UK, Ireland or New Zealand before they land up in Australia. Skills development minister Dharmendra Pradhan raised these issues in his meeting with the Australian healthcare and aged care minister Mark Butler recently as the two countries prepare to hold the seventh round of Australia-India Education and Skills Council meeting next month, people familiar with the deliberations told ET. Since India and Australia have already signed the mutual recognition of qualifications for education and skills, certain visa application requirements could also be looked into for more relaxation, India conveyed to Australia, citing the mandatory requirement to obtain a positive skills assessment from the Australian Nursing and Midwifery Accreditation Council or the Australian Community Workers Association if the candidate obtains the qualifications overseas. According to a senior official, India has also flagged the issue of cost of examination, saying it is very high and can affect the mobility of qualified workers at the round table with the Australian minister.

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₹369 per bag (see chart). One cement bag weighs 50kg. This weakness in cement prices is hardly surprising given that the September quarter is seasonally weak for the sector.

NEW DELHI : The National Company Appellate Tribunal (NCLAT) extended a crucial lifeline to the grounded airline Jet Airways on Monday, offering much-needed relief for its revival prospects. The airline’s successful bidder Jalan Kalrock Capital Consortium (JKC) received an extension till 30 September to settle dues totaling ₹350 crore owed to lenders of the airline. This adjustment of the performance bank guarantee effectively reduces the total payable amount to just ₹200 crore.

reliance on some kind of surveys, they do not eliminate their need in many other areas. Most large economies depend on detailed questionnaires sent to businesses to track changes in business activity and economic parameters. Adding these questions in regular administrative forms can raise compliance costs, especially for small firms.

₹5070 crore) bid, DLF was among other bidders. SecLink doesn't bid. The Maharashtra government in 2023 awards the Dharavi project to Adani Group.

startups or resources for government projects or corporations, a mindset of thrift aids innovation. India’s lunar-landing success suggests that a frugal mindset is not at odds with high ambition. Learning from failure: The adage that “failure is a stepping stone to success" was in ample and direct display here.

Despite a challenging year for the sector, Circle CEO Jeremy Allaire remains optimistic about the potential for growth and transformation in digital assets over the coming years – including on the regulatory front.

Mukesh Ambani said his Reliance Industries Ltd. will expand into wind power equipment with the help of more established firms to boost the conglomerate’s suite of clean energy products. Reliance will partner with “global leaders” in the renewable technology to offer cost-efficient turbines, Ambani told shareholders Monday at the company’s annual general meeting.

loan waiver announcements closer to the elections. However, the impact of such announcements, if any, may just be short-lived as bottom-of-the-pyramid borrowers have over the years leant the importance of maintaining a healthy credit score. Captains of the microfinance industry said that their borrowers have now become savvy and know that a good repayment ensures timely dose of loans when they require it the most. So, debt waiver announcements could only derail repayment just temporarily and would not translate into default and significant escalation in credit cost. «Unless specific debt waiver announcements are made for microfinance like in Assam, the impact could be temporary.

infrastructure projects of different ministries worth Rs 5.89 lakh crore have been recommended for approval under the PM Gati Shakti initiative so far this fiscal, a senior official said on Monday. These projects have been recommended by the Network Planning Group (NPG) constituted under the PM Gati Shakti initiative launched in October 2021. The NPG has achieved the milestone of appraising 100 projects in 54 meetings, Sumita Dawra, Special Secretary (Logistics), Department for Promotion of Industry and Internal Trade, said. The inter-ministerial NPG meets every fortnight and appraises infra projects to ensure multi-modality, synchronisation of efforts, and comprehensive development in and around the project location. The initiative was launched to develop an integrated infrastructure to reduce logistics costs.

Supertech Group, in a money laundering case. Special Judge Devender Kumar Jangala took up the matter on Monday and said that the documents were lengthy as he adjourned the matter. The Enforcement Directorate (ED) on August 24 filed the charge sheet against Arora, Supertech Group, and eight others in the money laundering case.