The services sector employs 188 million people but remains highly informal, trapping most workers in low-wage jobs without social protection.
US-based Citigroup is likely to allocate more global roles to India than to any other centre it operates in due to the country's strong talent pool, said Jane Fraser, chief executive officer of Citigroup, on Wednesday in an interaction with CNBC-TV18. Fraser also expressed confidence that India will remain the world's fastest-growing economy.
'This is the Bengal story, where businesses are nurtured, dreams are realised, and legacies are built.'
Preparing to take office for a record third consecutive term, Prime Minister Narendra Modi on Tuesday pledged to work with all states, regardless of the party in power, to build a developed India.
Government departments have been tasked with identifying major goals, which will include annual targets from the financial year 2024-2025 to 2028-2029.
Independence Day was celebrated across states and Union territories on Thursday, as several chief ministers announced job schemes while some others vowed their support for Prime Minister Narendra Modi's vision of a Viksit Bharat by 2047.
Elections are not won or lost by expounding on such macro-economic matters. For the aam admi, what matters in manifestos are promises that will improve their quality of life, notes Vinayak Chatterjee.
The rally in silver may continue if the global economic recovery remains on course.
The Indian High Commissioner to the United Kingdom, Vikram Doraiswami, who was touring Scotland this week was blocked from entering a gurdwara in the capital Glasgow by pro-Khalistan extremists.
The middle class is a big force to fulfil dreams of a prosperous and developed India and our government has taken many decisions to empower it, the prime minister said.
N Chandrasekaran, chairman of Tata Consultancy Services (TCS) and Tata Sons, believes that the Digital India Act is a necessity. "The Digital India Act is a necessity because so much has changed over the decades since the original Information Technology (IT) Act was put in place. I am glad the government is developing a participative approach to developing the Digital Act," he said, while answering shareholders at TCS' 27th annual general meeting. Minister of State for Electronics and IT Rajeev Chandrasekhar a few months ago had said that the government would shortly roll out the Digital India Act - a renewed policy for the digital ecosystem and cyberspace in the country.
Renowned Indian environmental economist and UN Environment Programme (UNEP) goodwill ambassador Pavan Sukhdev has won the 2020 Tyler Prize, regarded as the 'Nobel Prize for the Environment', for his ground-breaking "green economy" work. Sukhdev, 59, who will receive the award alongside conservation biologist Gretchen Daily, has been acknowledged for his work on bringing the economic consequences of environmental degradation and loss to the attention of corporate and political decision-makers.
India will require a total investment of $10.1 trillion to achieve net-zero emissions by 2070, while the nation could face a shortfall of $3.5 trillion, a study by CEEW Centre for Energy Finance (CEEW-CEF) said. At the recently concluded COP26, Prime Minister Narendra Modi announced India's aim to achieve net-zero emissions by 2070. "India would need cumulative investments of $10.1 trillion to achieve net-zero emissions by 2070, according to an independent study released today by the CEEW Centre for Energy Finance (CEEW-CEF)," a statement said.
'The force of reforms. The force of investment. The force of formalisation. The force of digital and green technology. And the force of youth and entrepreneurship. I am convinced that these 5 forces will propel India's rise over the next several decades,' predicts Kumar Mangalam Birla, chairman, Aditya Birla group.
As around 100 world leaders, including Prime Minister Manmohan Singh gathered here for the Rio+20 Summit, India also firmly rejected unilateral measures and trade barriers under the guise of Green Economy, which was the buzz ahead of the deliberations in Rio de Janeiro.
Reliance Industries Ltd on Thursday announced a Rs 75,000 crore investment in new energy business over the next three years as the operator of the world's largest oil refinery pivots towards a greener and cleaner version. Reliance will build solar manufacturing units, a battery factory for energy storage, a fuel cell-making plant and an electrolyzer unit to produce green hydrogen as a part of the business, chairman Mukesh Ambani said at the company's annual general meeting with shareholders on Thursday. It will also set up 100 gigawatts (GW) of solar power generation capacity by 2030 and invest in setting up a carbon fibre plant.
In his address, Modi said climate and calamity are linked to culture, and it will be difficult to avoid calamity as long as concerns for the climate do not become a part of culture.
Minister of State for Environment Jayanthi Natarajan said that countries should "define their sustainable development strategies as per their national priorities and respective stages of development".
United Nations Environment Programme established World Environment Day in 1972.
A green building movement was initiated in India in 2001 by the Indian Green Building Council (IGBC), a part of Confederation of Indian Industry (CII) to promote eco friendly buildings.
According to a communication by the ministry to the heads of PSBs, it will be a bottom-up consultative process from the branch level onwards which will involve discussions at the branch or regional level, state level and national level.
"Fifteen years ago, I was leading the efforts to approve the historic civil nuclear deal with India. I said that if the US and India became closer friends and partners, then the world will be a safer place," Biden, who was vice-president in the Obama administration, said while addressing the Indian-American community on India's Independence Day.
A selection of Indian corporations are cutting costs and contributing to a green economy by embracing clean fuel and India Inc sees a strong business case in adopting renewable energy to power their operations.
A selection of Indian corporations are cutting costs and contributing to a green economy by embracing clean fuel and India Inc sees a strong business case in adopting renewable energy to power their operations.
Heads of state and big-name billionaires opened the Paris climate summit with a bang on Monday.
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