When Narendra Modi was sworn in for a second term as prime minister of India, it became time for the Indian government to address issues that had been postponed until after the general election.
The solar energy sector in India is headed for a major shake-up as the government agreed on July 30 to a recommendation to impose customs duties on imported solar cells and panels.
From its office in Paris, out of sight of the drama of US President Donald Trump’s European adventure, the International Energy Agency’s Oil Market Report makes for sober reading. Its June report suggests that the oil market will be “finely balanced next year,” which is a polite way of saying that it will be turbulent and – in essence – a mess.
The rise in fuel prices is taking a toll on India’s fast-growing domestic aviation sector, with airlines forced to increase fares during the holiday season.
For India, the decision to invite the whole of the Association of Southeast Asian Nations falls squarely within its “Act East” Policy of expanded economic ties, security cooperation, and regional integration.
As tensions and turmoil in West Asia escalate, India finds itself in an unenviable position of reassessing, re-finessing and realigning its energy0security blueprint.