October 31, 2019

The acquisition of debt laden Bhushan Steel

Bhushan Steel was among the 12 stressed assets the heavy hex nut Manufacturers Reserve Bank of India had referred to NCLT proceedings last year. Reduction of NPAs in individual PSBs range from about Rs 500 crore to over Rs 10,000 crore. 


The acquisition of debt laden Bhushan Steel, under the Insolvency and Bankruptcy Code (IBC) framework, will reduce bad loans of PSBs by Rs 35,000 crore, Financial Services Secretary Rajiv Kumar today said.IBC transforming credit culture in NewIndia. About Rs 35,000 crore reduction of NPAs of PSBs in Bhushan Steel case. Reduction of NPAs in individual PSBs range from about Rs 500 crore to over Rs 10,000 crore, he tweeted.Last week, Tata Steel, through its subsidiary, completed the acquisition of controlling stake of 72.65 per cent in Bhushan Steel for around Rs 36,400 crore after emerging as the winning bidder in an insolvency auction.

Kumar said following the Bhusan Steel buyout, public sector banks (PSBs) will write back Rs 7,500 crore of loans which were earlier classified as NPAs."Future upside through over 6 crore equity shares acquired by PSBs. Decisive shift towards clean credit culture," Kumar tweeted.Last week, Finance Minister Piyush Goyal had tweeted that the acquisition was a "historic breakthrough in resolving legacy issues of banks".Bhushan Steel was among the 12 stressed assets the Reserve Bank of India had referred to the National Company Law Tribunal (NCLT) proceedings last year.

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October 28, 2019

The model highlighted the potential risks

As levels of carbon dioxide increase in the Earth&10mm hex nuts Manufacturers039;s atmosphere, the upper oceans become increasingly acidic. Strong fisheries management and efforts to reduce CO2 emissions, however, might slow or even stop that trend. Turns out, each year, fishermen harvest more than USD 500 million worth of Atlantic sea scallops from the waters off the east coast which might be affected by ocean acidification.A new model created by scientists at the Woods Hole Oceanographic Institution (WHOI), however, predicted that those fisheries may potentially be in danger.


As levels of carbon dioxide increase in the Earth's atmosphere, the upper oceans become increasingly acidic--a condition that could reduce the sea scallop population by more than 50 per cent in the next 30 to 80 years, under a worst-case scenario. Strong fisheries management and efforts to reduce CO2 emissions, however, might slow or even stop that trend.The model combined the existing data and models of four major factors: future climate change scenarios, ocean acidification impacts, fisheries management policies, and fuel costs for fishermen.

What's novel about our work is that it brings together models of changing ocean environments as well as human responses," said Jennie Rheuban, the lead author of the study. "It combines socioeconomic decision making, ocean chemistry, atmospheric carbon dioxide, economic development, and fisheries management. We tried to create a holistic view of how environmental changes might play out across different aspects of the sea scallop fishery," she noted.Since the oceans can absorb more than a quarter of all excess carbon dioxide in the atmosphere, fossil fuel carbon emissions can cause a dip in ocean pH as well. That acidity can corrode the calcium carbonate shells that are made by shellfish like clams, oysters, and scallops, and even prevent their larvae from forming shells in the first place.To estimate its impact on the model, researchers incorporated a range of effects based on studies of related shellfish species. 

Combined with estimates of changing water chemistry, this new model lets scientists explore how plausible impacts of ocean acidification may change the future of the scallop population.They tested four different levels of impact in each of the four different factors influencing the model, ultimately creating 256 different scenario combinations.One group of scenarios looked at possible pathways of how ocean acidification may impact scallop biology. Another examined different levels of atmospheric CO2, # including one future where emissions continue to skyrocket, and one where they fall due to an aggressive climate change policy. 

A third set included a range of future fuel costs, which themselves are related to climate change policies. Higher fuel costs can lead to fewer active fishing days, reducing stress on the fishery itself, but also reducing profitability and revenues of the industry. The fourth and final set involved different federal fisheries management techniques.In all of the model's possible scenarios, high levels of CO2 in the atmosphere consistently led to increased ocean acidification and fewer sea scallops, despite introducing stricter management rules or even closing certain parts of the fishery entirely.

The model highlighted the potential risks to sea scallops and likely other commercial shellfish fisheries of unabated carbon emissions to the atmosphere" added the researchers.The findings appeared in the Journal of PLOS ONE.(Source)

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October 23, 2019

Thyssenkrupp and Tata declined to accommodate

Germany&China Hex Nuts Factory From China Suppliers039;s Thyssenkrupp said that it was scrapping merger plans with steel giant Tata and would slash 6,000 jobs worldwide. The reason: the European Commission's reluctance to the merger. (Photo:AP) London: German industrial conglomerate Thyssenkrupp said on Friday that it was scrapping merger plans with steel giant Tata and would slash 6,000 jobs worldwide in a structural shakeup. The reason: the European Commission's reluctance to the merger.


Should the deal have gone ahead, it would make Tata-Thyssenkrupp Europe's second largest steel company - the largest being ArcelorMittal. The Tata deal not going through will directly benefit China.The German group said "continuing concerns" from the European Commission had sunk its bid to join its steel business in Europe with Tata's. Tata's said in a separate statement that both "partners assume with deep disappointment that the European Commission will not approve the joint venture".The aim of the merger had been to create the second largest European steel company behind multinational giant ArcelorMittal and to join forces in the face of the surge of Chinese steel.Having shelved the plans and ruled out offering more concessions to Brussels in order to get a green light, Thyssenkrupp said it was now aiming for a stock market listing of its elevators business as part of a restructuring.

CEO Guido Kerkhoff said Thyssenkrupp's "new group-wide" programme would also include "the reduction of 6,000 jobs" with 4,000 to be cut in Germany alone, while the rest of the job cuts would be abroad.While Kerkhoff said the company had a "good tradition of avoiding compulsory redundancies", he admitted "this time it's a difficult process".Thyssenkrupp faces "a situation where we had to make this major change, because it is the right decision for the company now in the changed frame conditions", he added.The group had planned 4,000 job losses, half of them in Germany, if the merger had been successful, but its collapse means the conditional agreement already negotiated with the unions "is no longer valid", admitted Kerkhoff."We are building a new Thyssenkrupp... we are going to change a lot of things and it will not be an easy road," he added.Kerkhoff declined to give any details on the planned IPO of its elevators unit: "as to the right price and the right time, we can't say anything".

The elevator division employs around 50,000 people worldwide and sales of 7.7 billion euros ($8.7 billion) and is one of the group's most profitable areas of business.Mustafa Okur, an industrial analyst for Bloomberg Intelligence, predicts the IPO could be worth "about 15 billion euros, based on our scenario, and comes as elevator-market sales accelerate."The flurry of announcements saw Thyssenkrupp's stock soar, up 22.43 percent to 13.76 euros by around 1430 GMT on Frankfurt's stock exchange, while Tata Steel shares closed down 6.1 percent in Mumbai.

Thyssenkrupp and Tata declined  to accommodate Brussels' concerns which they said would "affect the synergies expected from the merger" to the point of compromising its economic relevance."This is not the end of strategic play as far as Europe is concerned and we will look at other options," said Tata spokesman Kaushik Chatterjee.From Thyssenkrupp's perspective, the merger had been regarded as a core part of the planned restructuring.In the wake of the U-turn on the merger plans, the German conglomerate said it has also binned a proposal, put forward last September under pressure from activist shareholders, to split into two separate groups -- "Industry" and "Materials".Shelving the plan to split is a blow to Kerkhoff, who had banked on the scheme to push profit and simplify Thyssenkrupp's complicated business structure.Criticism from German shareholders quickly followed.

It is clear that Thyssenkrupp has failed with its previous strategy," Lars Foerberg of Cevian Capital, Thyssenkrupp's second largest stockholder, told the daily Rheinische Post."There must be no more historical or political taboos if Thyssenkrupp is to seriously tackle its long-standing underperformance and bring its businesses back on track."In the wake of the failed merger, Thyssenkrupp said it expected a net loss for the year and would release the adjusted group forecast on Tuesday with the second quarter figures for 2019.The adjustment to the forecasts takes into account the reintegration of the steel division into the conglomerate's balance sheet and the increase of 100 million euros in a risk provision in a German anti-cartel investigation.

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October 18, 2019

Add all the powders and fry till the oil floats

In the same pan, add ghee and season with mustard seeds, cashew nuts and bay leaves. Stir occasionally. Serve it hot. Vegetable broken wheat delite IngredientsBroken wheat-2 cupsCarrot-2Onion (optional) -1Capsicum-1Beans- 4 to 5Tomato- 1 chopped finelySaltOil for seasoningFor seasoning


Mustard seedsChanna dalUrad dalPeanutsChopped curry leavesChopped ginger and green chilliMethod :Heat a wok.It can be used instantly also without much fermentation. Remove and keep aside. Cook both sides. Add three-and-a-half cups of water. Smear the bhindi with salt and fry till done.Add two spoons of ghee. This dish can be paired with raita or 10mm hex nuts Manufacturers even tomato ketchup.Tapioca dosaIngredients:Tapioca sliced thinly-1 glassRaw rice -1/2 glassGreen chillies- 2Asafoetida- a pinchSalt- to tasteGingely oil or cooking oil according to tastePreparationSoak the rice for 2-3 hours.Keep it on medium flame for a few minutes till it is cooked. 

When the water starts boiling, add the broken wheat and stir.Cover and keep on low flame for 4-5 minutes.Saute for a few minutes.Mix the two together.From Tapioca Dosa to Bhindi Rice, these recipes deserve to be tried at least once.Add salt to the water.Add all the ingredients for seasoning, when they splutter, lower the flame. Grind the sliced tapioca with the green chillies into a fine paste.Garnish with coriander leaves and serve hot.Add a little oil. Heat oil. Then add onion, tomato and chopped vegetables. Wash and wipe bhindis.To make the dosa, heat a pan or tawa, lower the flame, spread a ladle of batter on the tawa, put some oil around the dosa, flip it when cooked on one side.Now add the cooked rice and grated coconut. Add salt and asafoetida powder. 

Add all the powders and fry till the oil floats.Bhindi riceIngredients:Raw rice-1 cup Lady's finger (bhindi)-200gmBig onion-1Tomato pulp-1/2 cupGrated coconut- 5 tbspRed chilli powder to taste (one can also use slit green chillies)jeera (cumin) powder -1/2 tspTurmeric powder-1/2 tspSalt to tasteGhee -2 tspBroken cashew nuts-1 tbspMustard seeds-1 tspBay leaves (Tej patta)- 2Cooking oilMethod of preparationPressure cook rice and keep aside. When the nuts turn brown, add the finely chopped onion. Saute, add tomato pulp and fry for a few minutes.Serve with coconut chutney or any other chutney.Cut into one-inch-long pieces. Grind the rice also into a fine paste.The consistency of the batter should be like dosa batter. Mix gently.

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October 15, 2019

A woman sits with her child next to storm

A woman sits with her child next to storm-damaged buildings in Puri, OdishaAs Chandra Bhushan, the Deputy Director of the Centre for Science and Environment (CSE), indicates we are staring at a Herculean task. Our studies show that over 30 percent of the forest area has changed. Murali Sivaramakrishnan, the founder of the Indian chapter of the Association for the Study of Literature and Environment (ASLE), climate change has always been a part of the literature in the subcontinent but wasn’t in the collective consciousness till now.5 degrees Celsius that will pose high risks to ‘health, livelihoods, food security, water supply and economic growth.In addition to the written and the oral narrative, cinema has brought to life what climate change can manifest itself into.


Asheer Kandhari at an Extiction Rebellion protest in New DelhiAnother key issue is the degradation of our wetlands. Garima Thakur protesting at VIP Road, Bhopal From severe heat waves to extreme rainfall—the threats of climate change are becoming more palpable and slowly seeping into our collective consciousness. Instead, the young generation of millennials and Generation Z represented by Alexandria Ocasio-Cortez, and Thunberg and countless teenagers and kids from Hex Nuts Factory From China Manufacturers the world, respectively, are initiating and dominating the discourse of climate crisis. This rainfall then sustains us for the 8,760 hours that we have in a year. Even, Panwar sees a successful uptake of renewable energy in recent years that have increased the confidence in India being on track towards reducing carbon emission. We are a monsoon dependent country, and monsoon is a very delicate weather system. The starkest illustration can be framed out of last year’s ‘Kisan Long Marches’ in Mumbai and Delhi. "Each one of us will have to take action, whether it is the private sector or the citizens. 

Developed countries should take more responsibilities and cut emissions quickly while developing countries like India will get a little more time to reduce their emissions. The failure of which will result in an inevitable rise in temperature above 1.Talking about his move to explore the theme, which is relatively unexplored in Hindi cinema and commercially not viable, the director says, "I come from a small village in Orissa, so when I hear the elders mentioning how the floods were not this frequent earlier, I believe those facts, since they are alluding to the monsoon 20 years ago.” Cut to June 2019: the actor-cum-environment activist shared what climate change looks like.”Globally, energy is the largest contributor to the greenhouse gas emissions responsible for climate change, and hence replacing fossil-fuel-based energy sources with renewable energy can be an effective means in mitigating climate change.” Further Enmakaje (2004), a Malayalam novel by Ambikasuthan Mangad shows the ill effects of using endosulfan pesticide in cashew plantations of Northern Kerala. In some places, you get normal rains in the wrong periods. Shifting the conversation from a global concern to a critical national concern is a finding that says that India will be the worst affected by climate change.Although Bhushan warns us that if we leave everything on government, we are not going to solve the problem. "Literature has been talking about human culture, nature, and the transformation that humans have brought out. Hence, when Churu in Rajasthan recorded an all-time high temperature of 50. Gone are the days when baby boomers like Al Gore or Attenborough were the only individuals who had a voice in environmentalism. So the wheat and rice crops ready for harvest are destroyed by rainwater. And that’s why, historically, India has had droughts and floods, even before climate change.The declining green cover is also a warning in red, as the forests of Western Ghats, Himalayas, and Northeast are already showing the signs of mortality. Confirming the same, Bhushan says, "The present government, especially the NITI Aayog, has recognised the potential of renewable energy and battery technology. "We are a poor country. In just seven months into 2019, the country has witnessed two cyclones — Vayu and Fani, floods in Bihar and Assam, severe droughts and agrarian crisis in Karnataka, Maharashtra, Tamil Nadu, and Andhra Pradesh, the sweltering heatwave in the northern parts of the country, and an ongoing water shortage crisis in metropolitan cities. People line up for water in Bhopal, Madhya PradeshIn 2016, when Leonardo DiCaprio won an Oscar for The Revenant (2016), the actor took to the coveted stage, with only one message for the world, "Climate change is real, it is happening right now. Directed by Nila Madhab Panda, who won a Special Mention at National Awards for the film, Kadvi Hawa is a story of a 70-year-old blind man fighting climate change to save his son in the drought-prone Bundelkhand region of India. That means the existing forests in the Himalayas, The Western Ghats, and Northeast will go, and it will take hundreds of years to replenish,” he reveals. Someone has to address it and I think literature can do that by telling a story.Amitav GhoshAnd despite the President of the United States of America, Donald Trump, terming climate change a hoax, it is real and more pressing than ever, especially for India. But the report is very clear that every country in the world must start moving their economy to low-carbon, India included,” he says. According to Dr. 

Inspired by the teenage Swedish climate change activist Greta Thunberg, Garima is joined by thousands of other school children and teenagers across the world in an international campaign called ‘Fridays for Future’.. "Our house is on fire,” she said, and just like that a 16-year-old dictated the manifesto for this century’s biggest concern: Climate Change. So any disaster on land will affect too many people in India,” he highlights. Whether it is in the deluge caused by melting glaciers in The Day after Tomorrow (2004), or the astronauts’ search for an alternative home in Interstellar (2014), imaginations have taken flight at how the ‘end of the world’ would be like. Poorer a country, the more vulnerable it is to the impact of climate change,” says Bhushan.Fight goes onDespite the encouraging changes, the fight for climate change still needs to gain momentum.Additionally, the other significant contributing factors are the socio-economic conditions. "Leaders have to take initiatives to implement many radical policies because climate change will worsen otherwise and reach an irreversible stage in ten years. "It is important to understand that we get most of our rainfall in about 100 hours. 

A 14-year-old girl, her hair tied in a loose ponytail and a stern look on her face, is likely to be standing on the footpath, holding a cardboard banner that reads ‘Climate Strike’.5 degrees Celsius. 

So when we were introduced to the effects of global warming, its gravity would elude most. Now, there is a delay in the arrival of the monsoon and hence there is a delay in sowing grains and vegetables. And there are droughts in between. It is the most urgent threat facing our entire species and we need to work collectively together and stop procrastinating. In practice, the campaign calls on the governments to let go off a laissez-faire attitude towards climate change, but in spirit, it’s a collective plea for a fighting chance by the generation most susceptible to its consequences. All those things have been written about, but they have not consciously been thrust forward. TS Panwar, Director of Climate Change and Energy at WWF India, there’s a need for manifold actions at "multiple fronts related to policy, technology, finance, capacity building as well as a change in individual lifestyle choices. These observations gave me an insight into how cinema can play a big role in telling such stories. "Compared to all other countries except for Bangladesh, the population density is the highest. The week after, Mumbai received two days of heavy rainfall resulting in the city getting half-submerged in water. I see myself, my children and grandchildren facing the consequences of the government’s inaction.A still from Nila Madhab Panda’s climate change drama Kadvi Hawa (2017)Hence, in the contemporary batch of writers, Amitav Ghosh is among those who have consciously written about the cultural impacts of climate change. Tamil writer Ashokamitran’s Thanneer (Water) (1973) could be read as a forewarning in the writer’s exploration of the first water crisis caused in Chennai in the ’60s. From the Jnanpith award winner’s non-fiction seminal work The Great Derangement (2016) to his fictional novels The Hungry Tide (2004) and Gun Island (2019), Ghosh has been successfully capturing the cultural annihilation caused by the irreversible phenomenon.Not All is LostAs the IPCC indicated, the world today has 12 years before the fight becomes one-sided.Cause for alarmProf.” Hence, farmers are unable to make decisions on which crops to grow, when to sow and harvest, because of the unpredictability of rainfall. But according to Dr.In recent years, all the major natural disasters – the floods in Uttarakhand, Assam, Odisha, Kerala, Bihar, and other states, perennial droughts in parts of Maharashtra, Karnataka, Andhra Pradesh, Gujarat and Rajasthan, the killer heat waves in the north, the ravaging cyclones on the east and the west coast of the subcontinent and increased instances of water shortages across the major metropolitan cities of the country — can all be attributed to climate change. India currently is undergoing this transition. One such revolutionary movie, and what is India’s first feature film on climate change is Kadvi Hawa (2017). "Forest impact is very slowly demonstrated, unlike crops. Revealing observations from his research on the ground-level impact on the farmers, the first respondents to climate change, he says, "We used to get rainfall at the right time in June, July, August, September, and then get a full crop. Wetlands are also critical for groundwater recharge as well as hydrology of our rivers,” warns Babu. Every one has to come together if we want to solve this crisis,” he concludes. Any disturbance in the temperature gradient has huge implications on the monsoon. It’s like a basic maths lesson; more people, more damage.Greta ThunbergUntil now, the discourse about climate change was limited to the orbit of scientists, activists, and international diplomatic conferences, with only our science textbooks giving a slight peek into the phenomenon. Professor N. However, if you are driving along the road on a Friday, you will be met with an unusual sight.’ To prevent this, global carbon emissions have to be cut down by 45 percent by 2030.Of course, in recent times, Sir David Attenborough’s gut-wrenching documentary series Our Planet (2019) is responsible for introducing this crisis as a topic on dinner tables across the globe, Indian filmmakers are also waking up to the reality of the challenges posed by it. When thousands of drought-hit farmers and agricultural labourers demanded the government alleviate their poverty, a direct relationship between poverty and climate change got solidified in the public conscience. Global Wetland Outlook published in 2018, stated that we are losing our wetlands three times faster than forests and that 35 percent of wetlands globally have been lost since 1970. "The Composite Water Management Index Report released by the NITI Aayog in June 2018, suggested that 600 million people in India face high to extreme water stress. This, in fact, is a recent phenomenon,” enlightens Sivaramakrishnan.”Now, what aggrieves this already fragile climatic system is the emission of greenhouse gases and its core component CO. Although, last year, the Intergovernmental Panel on Climate Change (IPCC)’s special report on the effect of the Paris Agreement painted a grim image.

According to Dr.”The flood affected villagers travel on a boat in Gagalmari, Assam.8 degree Celsius this year, it clearly indicates the drastic effects of climate change. So when Thunberg unabashedly addressed an audience of adult diplomats at the World Economic Forum in Davos earlier this year, a strange irony permeated the room.According to the report, governments across the world only have 12 years to meet their goal of net-zero carbon emissions (CO ) by 2050.Climate Change – Our cultural realityHistorically, the narratives of the time have held a mirror to its socio-political-economic realities.But what has made India so vulnerable in the last few years? Bhushan answers, "India’s vulnerability is rooted in its climatic system itself. The result is the decrease in rainfall and increase in its intensity. But in the last couple of years, the physical manifestation of what until now was a theory has become real. 

Suresh Babu, Director, Rivers, Wetland and Water Policy at WWF India, this view may soon be a reality for major cities in India.If one has to visit the city of Bhopal, a drive on the famous VIP road along the banks of Bada Talab (Upper Lake) is a must. They have recognised that moving to renewable power and electric mobility is good for the economy and the environment, ” says Bhushan. The report adds that 21 major cities in the country are expected to run out of groundwater in the next two years, affecting water access for 100 million people. (Photo: AP)The Official WarningBut before our cultural reckoning, there needs to be a scientific backing.For the past 20 weeks, Friday is the designated ‘Day of Revolution’ for Garima Thakur. We only have a few years to do something radical, and stop climate change,” says Thakur, whose City of Lakes has witnessed acute water shortages, depletion of green cover and a significant rise in temperature over a decade.But another observation in the report throws our nationalistic preoccupations outside the window.H Ravindranath from the Indian Institute of Science (IISc) also points at the population density. The water crisis would lead to a 6 percent loss in the country’s GDP by 2030,” he says. The case in point can probably be highlighted when earlier this month, the Mumbai Municipal Chief blamed climate change for the delay of monsoon by a month. In a photo posted on his Instagram account, sari-clad distraught women were trying to fetch water from an empty well in Chennai, which is experiencing the worst water crisis in its history.Their concern can be best highlighted in what Delhi-based 15-year-old activist Asheer Kandhari says, "The youth of my generation and the next are going to be affected the most. Vulnerability is directly linked to poverty. Climate change is too important to be left to the government. Ravindranath is also currently heading the first national study on the impact of climate change in the country. In the Paris Convention 2015, a central aim was cemented to keep the global temperature rise below two degrees Celsius above the pre-industrial levels in this century, and to further limit the temperature increase to 1. Any changes in the rainfall pattern has huge implications on our water systems and hence to our lives and livelihoods,” adds Bhushan.According to the report, governments across the world only have 12 years to meet their goal of net-zero carbon emissions (CO ) by 2050. "Ignorance towards wetlands is showing up on the vulnerability of our cities — Chennai, Bangalore, Gurugram are some recent examples.”While both Thakur and Kandhari, have written e-mails to various government bodies, the lack of accountability and transparency forced them to raise their voices.A farmer checks on his wheat crop after unseasonal rain in AmritsarIt’s clear that we are not living in the time when the effects of climate change are limited to the melting of glaciers in the remote Arctic. He, himself ascribes to the idea of literature holding a mirror to the society when he says, "Climate change is the case with the entire world. Delhi is a classic example of a city, which has forgotten its rich culture built around wetlands and has become dependent on neighbouring states for its drinking water

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October 11, 2019

We will achieve sustainable growth

We will achieve sustainable growth ,” he said..We have made a very ambitious target and all non-fossil fuel energy mix capacity will be increased up to 40 per cent. Earlier this month, 195 countries reached a deal to attempt to limit the rise in global temperatures to less than two degree celsius at the climate change summit in Paris.


The commitments made in the Paris climate summit will not have any adverse effect on the country’s development and India will be able to achieve sustainable growth while reducing its carbon emissions, The commitments made in the Paris climate summit will not have any adverse effect on the country’s development and India will be able to achieve sustainable growth while 10mm hex nuts Manufacturers reducing its carbon emissions, Union minister of state for environment, forests and climate change Prakash Javadekar assured Parliament on Tuesday..Elaborating on the outcome of the Paris climate talks, the environment minister said it has been decided that differentiated action would be taken by developed and developing countries with respect to reducing carbon emissions.".Mr Javadekar, while replying to a host of questions on India’s commitments in the recently-concluded Paris summit during the Question Hour session in the Lok Sabha, said that the outcome of the summit was a victory for the nation and the country would reduce its carbon emissions. A target has been set to create an additional carbon sink of 2. We will reduce our emission intensity but at the same time, we will not stop our growth path..5 to 3 billion tonnes of CO2 equivalent in forests, he added. We will be energy efficient. We will walk the talk..

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October 08, 2019

Six guiding principles contained in progress report lay foundation

It would accordingly be desirable that while making key recommendations, there is acknowledgement of WTO agreements, the statement said.The statement comes a few days after after the government promulgated an ordinance to bar wilful bank loan defaulters as well as those with NPA accounts from bidding in auctions being done to recover loans.


The draft report has indicated support only for the WTO agreement on subsidies and countervailing measures which is not sufficient as there is another support measure sought to be covered in the key recommendations in the progress report which finds mention elsewhere in WTO agreements.Investment also depends on the nature of the market based on present and future demand in the sector, he said adding the state-owned enterprises and private companies compete on equal footing in the steel sector in India.

Government&China wholesale heavy hex nut39;s policy approach for exit of financially stressed units certifies transparency in the process with the # possibility of takeover by alternate efficient management under the new bankruptcy law, Steel Minister Chaudhary Birender Singh said. Steel Minister Chaudhary Birender Singh.In order to take effective steps to address the challenges of excess steel capacity, members of the Global Forum agreed to share information, cooperate and develop concrete policy solutions.He was speaking at the Global Forum on excess steel capacity in Berlin on November 30."One such area of concern for India is regarding the basis of prescribing key recommendations.

On the basis of these principles, the Global Forum made few key recommendations. "While India agrees that the policy recommendations cover all market distorting subsidies and other types of support provided by government or government-related entities, there should be acknowledgement of existing WTO agreements," the statement said.."Steel being a deregulated sector in India, setting up of capacities is based on the investors own assessment of profitability in the sector," he said. While most of the key recommendations in the draft report generally have been agreed by all members, there are a few recommendations where some member countries have expressed caution, the statement said.

Six guiding principles contained in progress report lay foundation for taking tangible policy actions to reduce excess steel capacity."Steel companies have to sustain by being competitive and having a disciplined approach towards loan management," an official statement quoted the minister as saying. In view of the optimistic possibilities of the future of the steel sector, India is going to be a major destination for steel investors, he said."Six guiding principles contained in the progress report lay the foundation for taking tangible policy actions to reduce excess steel capacity," he said

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