Prime Minister Shinzo Abe will visit India in September to attend the ‘bhoomi poojan’ and foundation stone laying ceremony of the Rs. 97,636-crore Mumbai-Ahmedabad high-speed rail link using Japanese bullet-train technology.
Three years after its last train hit the buffers, landlocked Nepal is building a new railway network to boost its ailing economy—helped by the rivalry between its powerful neighbours, China and India.
This willingness comes amid the country’s dire need for foreign investments in energy production from domestic resources.
As Westinghouse is already struggling to win more business for the AP1000 reactor, India’s continuation with talks may be consolatory as the job has become much harder after the suspension of two of the four reactors in the US.
Oil has fallen out of favour in recent years, with prices dropping by more than half since mid-2014. From about $115 per barrel in mid-2014, Brent crude oil prices fell to a 12-year low of close to $28 by January 2016, before settling around $50 per barrel.
Coal will continue to have a prime place in India’s total energy mix for the next many years but an analysis of official data shows that the country’s coal boom may have been over a couple of years ago, much earlier than expected.
India and Pakistan are expected to hold talks on issues related to two of India’s hydroelectricity projects under the 1960 Indus Waters Treaty (IWT) at the World Bank headquarters in Washington this week, a person familiar with the developments said.
Land acquisition for a 15 km India-Bangladesh railway line has finally begun in both countries — more than seven-and-a-half-years after the Rs 963 crore ($145 million) project was finalised and a year after the ground-breaking ceremony was performed, an official said here.
The National Association of Street Vendors of India estimates that there are around 30,000 street vendors in Bengaluru. Small businesses like these face innumerable challenges, given their make-shift existence.
The commerce ministry has initiated an anti-dumping investigation against the import of solar cells from China, Taiwan and Malaysia.