India

• [New] Aimed at enhancing the Ease of Doing Business in India, the IIG serves as a platform to connect potential investors to project promoters through a dynamic interactive platform.
• [New] Work is expected to begin in 2021 on what would be the world's longest electrically heated pipeline, which will move crude oil from fields near Lake Albert in western Uganda 900 miles to Tanzania's Indian Ocean seaport of Tanga.
• [New] The decrease of 46 full-time equivalents from 2020-21 to 2021-22 mainly reflects the sunset of time-limited funding to continue Canada's legal obligations under the Indian Residential Schools Settlement Agreement, as it is anticipated to be completed in 2020-21.
• [New] People migrate because of poverty and lack of opportunities and India is one of the major labour migration destinations for Nepali workers.
• [New] Gold buying by central banks and consumers in India and China is stirring hopes for a recovery in the market, which has been hit by a wave of selling in 2021 driven by large exchange traded fund outflows.
• [New] State officials acknowledge that losing Indian Point will be a step in the wrong direction, but say that it will be made up by a leap forward in clean energy sources, like wind and solar.
• [New] The US must proclaim to the entire Indian Ocean region including Pakistan - and to European capitals alike - that India's vaulting ambitions will not go unchecked.
• [New] While there are still plenty of reasons to be bullish, market players have become more cautious as infections have surged in Europe, India and some emerging markets, while vaccine rollouts have proved slower than anticipated.
• [New] Others, such as the short video app Moj, filled the vacuum left by the banning of Chinese-owned TikTok India and could potentially take hold elsewhere, including the United States, which have lingering concerns about TikTok and data security.
• [New] Skoda Auto Vollkswagen India will look to export the Kushaq and Taigun SUVs, while catering to the domestic market and Renault India is already getting a good export feeling from the Triber and the Kiger SUVs.
• [New] Of adults in Saudi Arabia, Russia, India, and China, 70% predicted a return to normal over the next 12 months.
• [New] India has overtaken Brazil as the second worst-infected country behind the United States after Covid-19 cases continued to surge across India where a double-mutant variant researchers say could be more contagious has emerged and is rapidly spreading.
• [New] Global trade flows will be self-adjusting with Australian coal flowing to Indian and European markets and South African and Colombian sources coming into China.
• [New] Urea markets internationally are taking a breather, which is putting pressure on prices in the short-term, but India are still expected to publish a new tender at the end of April early May.
• [New] Amid scrutiny of Chinese capital, Indian startups which have raised funds from Chinese investors in the past are now tapping new investors that do not pose immediate geo-political risks.
• [New] India's emissions could rise as much as 50% by 2040-the largest of any country, in which case India would trail behind only China in terms carbon dioxide emissions.
• [New] Pakistan was expected to import sugar, cotton and cotton yarn from India in order to bridge the shortfall in domestic market.
• [New] Fresh lockdowns and curfews have been imposed on tens of millions of people from India to Argentina as COVID-19 infections surged again and vaccine rollouts were hampered by shortages and fears of side effects.
• [New] Delays in COVAX shipments are expected to continue this month unfortunately, as India is fighting a severe second wave of COVID-19 and has temporarily banned vaccine exports.
• [New] At the current rate, it will take India 2.4 years to cover 75% of its population.
• [New] The greatest increases in consumption, emissions, and social impacts in the coming decades will occur in China, India, and Africa.
• The Indian Budget has proposed to clarify that the minimum alternative tax will not apply to foreign investors receiving dividend income from Indian companies.
• National climate plans from the US, India and China, expected in the coming months, will play a crucial role in COP26's success or failure.

Last updated: 18 April 2021