At COP29, the UN Climate Conference held in 2025, a new climate finance target has become the central focus of discussions. With the urgent need to address climate change, an Independent High-Level Expert Group has proposed a target of mobilizing $1 trillion annually by 2030 from public and private sources for climate investments in emerging markets and developing countries (EMDCs), excluding China. This ambitious financial mobilization is crucial for helping these countries transition to sustainable practices and support global climate goals, specifically the goals of the Paris Agreement. A Manageable Goal within the Global Economic Context While $1 trillion per…
Author: sakshi_kulthe
Mario Draghi calls for urgent EU economic reforms to boost investment and unity amid U.S. policy challenges. Image Source: European Parliament
Donald Trump’s victory speech after winning the recent US election has reignited speculation about Starlink’s potential launch in India. In his speech, Trump hailed Elon Musk, CEO of SpaceX and X, calling him an “amazing guy” and a “super genius.” Trump praised Musk’s contributions, particularly Starlink’s role in providing Internet connectivity in disaster-hit areas. The President-Elect specifically mentioned how Starlink proved essential following Hurricane Helene, bringing connectivity to hard-hit parts of the U.S. when it was most needed. With Trump’s strong endorsement of Musk and SpaceX, many are now asking: could this be the push Starlink needs to enter the…
The outcome of the upcoming U.S. elections will have a significant impact on the H-1B visa framework and other types of employment-based immigration for skilled workers. This possibility was highlighted in a recent report by JM Financial. Trump’s Re-Election and H-1B Visas According to the report, if Donald Trump is re-elected, his previous restrictive stance on H-1B and L-1 visas could return, potentially increasing scrutiny and denial rates for these visas. During Trump’s first term, H-1B visa denial rates rose from 4% to 17%, while L-1 visa denials increased from 12% to 28%. Such trends could re-emerge, particularly affecting IT…
With the US presidential elections just few days away, discussions regarding the potential impact of the outcomes on India are timely. Recently, the Republican candidate, Donald Trump, emphasized the importance of strengthening the “great partnership” that exists between the two nations. In the case of Donald Trump winning the mandate, what lies ahead for India remains to be seen. History of Modi-Trump Friendship In the past, Modi and Trump’s friendship has been a highlight of the India–USA relationship. In 2019, Prime Minister Modi visited Texas to attend the ‘Howdy Modi’ rally, which was also marked by the presence of then-US…
The process of military disengagement is set to begin across the Line of Actual Control (LAC) following a recent patrolling agreement signed between India and China. According to PTI, patrolling in certain areas will resume after troops on both sides dismantle temporary structures and complete disengagement. This disengagement will occur at Depsang and Demchok, two critical points in the Eastern Ladakh region. Following the Galwan clash of 2020, which resulted in several casualties on both sides, a military standoff ensued in the region. Background The timing of this agreement is notable, as Prime Minister Modi met Chinese President Xi Jinping…
PM Narendra Modi met the German Chancellor Olaf Scholz in New Delhi on Friday. Holding bilateral meetings, both the leaders discussed a range of issues and signed various agreements. Increased Visas In a move that reflects Germany’s trust in India’s skilled workforce, Scholz announces that Germany will increase the number of visas for skilled Indians, from 20,000 to 90,000 per year. This is expected to give a strong push to the German economy. Global Peace Resolution Conflict resolution remained the highlight of their discussions. They discussed the situation in Ukraine and West Asia. Scholz urged India to use its diplomatic…
With the conclusion of the BRICS 2024 summit, India reiterated its geopolitical stance with clarity in Kazan, Russia. While advocating for the swift restoration of peace between Russia and Ukraine, PM Modi also criticized powers that shelter nations harboring terror groups, calling it a “double standard.” Talks with China PM Modi held several high-profile discussions with global leaders on the sidelines of BRICS 2024. Of particular importance were his talks with Chinese President Xi Jinping, marking the first formal bilateral talks in five years. The timing was crucial as both countries’ military and diplomatic leaderships recently resolved a four-year military…
India and China have reached an agreement on patrolling arrangements along the Line of Actual Control (LAC) after a series of diplomatic and military-level discussions. The deliberations took place over the course of a week and primarily focused on critical points like Depsang, Demchok, and other border areas. These areas had previously been sources of contention. In 2020 these issues lead to a military standoff, and thereafter came to be known as legacy issues. After a series of meetings, both countries’ military and diplomatic leaderships have arrived at a consensus on patrolling in the two strategic areas. This comes as a…
