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Monthly Archives: June 2024

Denmark Set to Impose World’s First Carbon Tax on Gassy Cattle

Denmark Set to Impose World’s First Carbon Tax on Gassy Cattle

Denmark plans to implement a tax on livestock farmers starting in 2030, making it the first nation to do so. This initiative targets methane emissions from cows, sheep, and pigs, which are significant contributors to global warming. The goal is to achieve a 70 per cent reduction in Danish greenhouse gas emissions from 1990 levels by …

Mindspace Becomes First Indian REIT to Issue Sustainability-Linked Bonds

Mindspace Becomes First Indian REIT to Issue Sustainability-Linked Bonds

Mindspace Business Parks REIT, the owner and developer of quality Grade A office portfolio, has announced its ₹650 crore Sustainability Linked Bond issuance placed with the International Finance Corporation (IFC). The coupon of the bond is linked to Mindspace’s commitment to achieve certain ESG targets towards building a greener eco-system. Sponsored by the K Raheja …

Tata Sons to Build ₹650 Crore 'Museum of Temples' in Ayodhya

Tata Sons to Build ₹650 Crore ‘Museum of Temples’ in Ayodhya

The Uttar Pradesh Cabinet approved Tata Sons’ proposal to build a ‘museum of temples’ in Ayodhya, a project worth Rs 650 crore to be funded through Tata’s corporate social responsibility fund. Additionally, the state cabinet has also sanctioned Rs 100 crore for further development works in Ayodhya and endorsed the initiation of helicopter services in …

Arundhati Roy Honored with Prestigious Pen Pinter Prize 2024

Arundhati Roy Honored with Prestigious Pen Pinter Prize 2024

In a significant recognition of her literary contributions, Booker Prize-winning author Arundhati Roy has been awarded the esteemed Pen Pinter Prize for 2024. This honour comes at a time when Roy faces potential legal challenges, highlighting the importance of her work and the ongoing struggle for freedom of expression. The Pen Pinter Prize: A Symbol …

NASA, SpaceX Launches Game-Changing Weather Satellite GOES-U

NASA, SpaceX Launches Game-Changing Weather Satellite GOES-U

SpaceX has launched NASA’s final satellite for the NOAA program, enhancing continuous weather monitoring across the Western Hemisphere. This launch improves the US ability to monitor solar flares from eight-hour intervals to every 30 minutes. Launch and Deployment of GOES-U GOES-U lifted off from NASA’s Kennedy Space Center in Florida aboard a SpaceX Falcon Heavy …

Major Coal Producing District in Uttar Pradesh

Major Coal Producing District in Uttar Pradesh

Coal is a sedimentary deposit composed predominantly of carbon that is readily combustible. Coal is black or brownish-black, and has a composition that (including inherent moisture) consists of more than 50 percent by weight and more than 70 percent by volume of carbonaceous material. It is formed from plant remains that have been compacted, hardened, chemically altered, …

RBI Reports Decline in Short-Term Debt's Share of India's External Debt

India’s External Debt Reaches $663.8 Billion by End-March 2024

India’s external debt increased by $39.7 billion to $663.8 billion at end-March 2024, according to the Reserve Bank of India (RBI). Despite the rise, the external debt to GDP ratio fell to 18.7% from 19.0% at end-March 2023. Excluding the valuation effect caused by the appreciation of the US dollar against the Indian rupee and …

Government Employees to Receive Extended Maternity and Child Care Leave for Surrogacy

Government Employees to Receive Extended Maternity and Child Care Leave for Surrogacy

In a significant amendment to the Central Civil Services (Leave) Rules, 1972, commissioning mothers opting for surrogacy will now be entitled to 180 days of maternity leave. This revision extends childcare leave to commissioning mothers with fewer than two surviving children, marking a departure from the previous 50-year-old regulation. Commissioning fathers are also granted 15 …

Mark Rutte Appointed as Next Secretary General of NATO

Mark Rutte Appointed as Next Secretary General of NATO

In a significant development for global security, NATO (North Atlantic Treaty Organization) has announced the appointment of Mark Rutte, the outgoing Dutch Prime Minister, as its next Secretary General. This decision marks an important milestone for the 75-year-old alliance as it faces critical challenges in the coming years. Who is Mark Rutte? Background and Experience …