TRENDS
Explained | The slow path to global consensus on climate change leading up to Glasgow
A lookback at all the seminal agreements so far that have shaped global environmental diplomacy till now. From the Kyoto protocol in 1997 to the Montreal declaration and the Paris climate Accord, Moneycontrol takes a look at how the world has reached here.
ECONOMY
Services sector PMI in October shoots up to 58.4, activity rises by fastest pace in a decade
Continued growth ensured new jobs were created in the service sector for the third-straight month. This is expected to ease the pain of workers and professionals in the sector since it had seen nine continuous months of job losses earlier in the year.
ECONOMY
COP26 Summit: Experts laud India's target to go Net Zero by 2070 but remain unsure on how it will be met
Surprising many, Prime Minister Narendra Modi announced that India will reach the target of net zero carbon emissions in the next 50 years.
INDIA
India to achieve 'net zero' carbon emissions by 2070: PM Modi at COP26 climate summit
India also expects the developed world to make $1 trillion available for climate finance as soon as possible, Modi said.
ECONOMY
INTERVIEW | Ulka Kelkar: At COP26, India in unique position with much at stake
In an exclusive interview, Ulka Kelkar - Director-Climate, World Resources Institute India - takes Moneycontrol through the opportunities, challenges and responsibilities that make for India's unique position as it enters the 26th edition of the Conference of Parties (COP26).
TRADE-2
EXCLUSIVE | India keen to sign pact with Taiwan to secure microprocessor supply
Home to the world's largest semiconductor and microprocessor manufacturing sector, Taiwan is also a hub for electronics and precision tools. India wants a steady supply of these key items and would like more Taiwanese companies to shift operations to India.
WORLD
Australia opens door to Indians jabbed with double-dose Covaxin
Bharat Biotech's Covaxin, along with China's BBIBP-CorV, has become the latest entrants into Australia's official list of approved vaccines.
ECONOMY
India's manufacturing PMI rises to 55.9 in October
India’s manufacturing PMI stood at 55.9 in October, up from 53.7 in September and 52.3 in August.
ECONOMY
Eight core industries' output rose 4.4% YoY in September, data show
The cumulative output of the core sector industries in the first nine months of FY22 has risen by 16.6 percent, as compared to a 14.5 percent fall in the same period of the previous financial year.
WORLD
COP26 Preview | Nations meet to act on climate amidst Covid-19 rupture
China’s mishandling of the initial Covid-19 infections may have alienated it and experts predict the talks could be even more contentious than earlier as the increasingly bipolar nature of global political summits pits China against the Western powers.
ECONOMY
India and US may hold trade policy forum later this week
The Trade Policy Forum has not been held since 2017 after a series of trade tiffs with the previous Trump administration had thrown a spanner in the works.
TRENDS
COP 26: India to push rich nations for stronger carbon emissions reductions, more climate financing aid
At the global climate summit starting later this month, India will ask richer economies for more commitments towards reducing carbon emissions. The government announced on Thursday that Prime Minister Narendra Modi will be attending the summit.
BUSINESS
Congratulations pour in as India races past 100-crore-jab milestone
With over 50 percent of the above 18 population now being administered with the first dose, India reached a crucial landmark on 21 October. The country took 278 days to administer a total of 100 crore vaccine doses.
ECONOMY
The EU may finally be ready for an independent investment deal with India
Until now, the EU had insisted that a bilateral investment pact with India would only be discussed in tandem with a proposed free trade agreement, a rider that had complicated the negotiating process for both treaties.
ECONOMY
India to discuss proposals for vaccine patent waiver, global trade issues during WTO chief’s visit
India will be laying out its final proposals on major global issues, currently being discussed at the WTO. The visit gains significance as it comes a month before trade ministers of WTO member-nations converge for the 12th Ministerial Conference in Geneva.
BUSINESS
Analysis | As India enters festive season, economic recovery strengthens
Macroeconomic indicators show encouraging signs and consumption picks up, and policymakers and economists are now broadly confident the growth momentum will sustain, especially given that vaccinations continue at a brisk pace.
ECONOMY
September exports rise 22.6% YoY led by strong global orders
Official statistics show exports of all major revenue earners such as engineering goods, petroleum, gems and jewellery, continued rising in September.
ECONOMY
September wholesale price inflation eases further to 10.66%
Wholesale price rise had begun to cool over the past 2 months in tandem with slowing inflation in fuel prices, which stood at 24.8 percent during the month. This was lower than August's 26 percent.
TRENDS
Explained | What is UNSC Resolution 2593 and how will it contain the Afghanistan crisis?
Resolution 2593 aims to ensure that Taliban-ruled Afghanistan doesn't become a breeding ground for terror directed against other countries including India.
CURRENT-AFFAIRS-TRENDS
Govt scraps import duty on edible oils until March 2022, removes agri cess
With global supply shocks not abetting and domestic demand inching upwards, the government has played the ultimate card in reducing the prices of edible oils in India.
ECONOMY
PM Modi launches GatiShakti master plan for national infrastructure development
PM GatiShakti is a National Master Plan for multi-modal connectivity to economic zones, a digital platform which will bring 16 ministries including rail and roadways together for integrated planning and coordinated implementation of infrastructure connectivity projects.
ECONOMY
August IIP holds firm at 11.9% as low base effect wears off
Industrial production had almost caught up with pre-pandemic levels by July. In August, this expanded significantly. In August, 2019, production had contracted by 7.3 percent.
BUSINESS
Adani Ports move to stop handling cargo for select nations may hit Iran exports
Sources at the Iranian Embassy in Delhi told Moneycontrol they are monitoring the situation and will bring it up with the government. But exporters remain concerned that the growing shipments to Iran, mostly routed through APSEZ's Mundra port, will suffer a major blow.
ECONOMY
Piyush Goyal to address G20 Trade Ministers Summit in Italy on October 12, holds bilateral meetings
India's engagements and policy push at the summit are guided by the government's aims to reach $400 billion worth of exports in FY22, the Commerce Ministry has said.
