Banks and FIs to Invest ₹32.5 Trillion in Renewable Energy by 2030: A Boon for India’s Sustainable Future This significant development in India’s renewable energy sector signifies a major push towards a cleaner and more sustainable future. Banks and financial institutions (FIs) have pledged a staggering ₹32.45 trillion towards renewable energy projects by 2030. This…
India and UAE Sign Landmark Civil Nuclear Energy Agreement Overview of the Agreement On September 9, 2024, India and the United Arab Emirates (UAE) signed a historic civil nuclear energy agreement aimed at enhancing their energy cooperation. The agreement, which marks a significant milestone in the bilateral relations between the two nations, is designed to…
Largest Petroleum Producing Country in the World Introduction In the global energy landscape, petroleum plays a crucial role as one of the most significant sources of energy. The production and exportation of petroleum not only contribute to the economic strength of nations but also shape international relations. As of the latest reports, the United States…
Discovery of Lithium Resources in Mandya and Yadgiri Districts, Karnataka by AMD Introduction to the Discovery The recent announcement by the Atomic Minerals Directorate for Exploration and Research (AMD) about the discovery of substantial lithium resources in Mandya and Yadgiri districts of Karnataka has made headlines. This discovery marks a significant development in India’s mineral…
India’s Ambitious Nuclear Power Expansion India is set to significantly expand its nuclear power capabilities over the next decade. According to recent reports, the country’s installed nuclear power capacity is expected to triple by 2031-32. This strategic move aims to bolster India’s energy security and reduce dependence on fossil fuels. The government’s initiative is part…
OVL Increases Stake in Azerbaijani Oilfield with $60 Million Investment Overview of the Investment Oil and Natural Gas Corporation Videsh Limited (OVL), the overseas arm of ONGC, has recently made headlines by increasing its stake in the Azerbaijani oilfield. This significant move involves a $60 million investment, reflecting OVL’s strategic intent to enhance its global…
India Welcomes Egypt, Iran, UAE, Saudi Arabia, and Ethiopia Joining BRICS BRICS Expansion: A New Chapter In a significant move, BRICS (Brazil, Russia, India, China, and South Africa) has expanded its membership to include Egypt, Iran, the United Arab Emirates (UAE), Saudi Arabia, and Ethiopia. This decision was announced during the 15th BRICS Summit held…
India-Qatar Joint Task Force on Investment Convenes in New Delhi Strengthening Bilateral Ties The recent meeting of the India-Qatar Joint Task Force on Investment in New Delhi marks a significant step in strengthening the economic and investment relationship between the two countries. This event saw the participation of high-level delegations from both nations, aiming to…
India Surpasses Japan as 3rd Largest Solar Power Generator in 2023 In a significant milestone for India’s renewable energy sector, the country has surpassed Japan to become the third-largest solar power generator globally in 2023. This achievement underscores India’s commitment to clean energy and its efforts to combat climate change. According to data released by…
India’s Nuclear Energy Roadmap: Achieving 1 Lakh MW by 2047 India, with its burgeoning energy needs and commitment to sustainable development, is setting ambitious targets in the nuclear energy sector. The recent announcement by the government to achieve 1 Lakh MW of nuclear power capacity by 2047 underscores the nation’s dedication to harnessing clean and…
