Saturday, 25 June, 2022
TopicCarmichael project

Topic: Carmichael project

Why SBI is dragging its feet on lending $1 billion to Adani’s Australian coal mine project

SBI drafted in-principle agreement with Adani in 2014 for $1bn facility & brought in several banks for funding as part of consortium. The plan has had several iterations since then.

Adani Mining claims Australian coal mine project created 1,500 jobs & gave $1.09 bn in contracts

The $16 billion Carmichael coal mine project in Queensland has been surrounded by controversies since its inception due to regulatory and environmental issues.

‘No going back’ — Australia says Adani’s $16bn coal mine project set to be operational

Outgoing Australian High Commissioner to India Harinder Sidhu says work on Adani’s Carmichael coal mine project has started, also asks India to reconsider RCEP.

The economics of Adani’s Australian coal mine project just doesn’t add up

Adani will lose around $220 million a year if the Carmichael coal project goes through. Which raises the question, why is everyone adamant that it goes ahead?

Adani abandons 2020 target date to begin mining coal in Australia

Lenders from Goldman Sachs Group Inc. to three of China’s largest banks have ruled out providing loans for the project.

On Camera

YourTurn

Bucket hat meet feather boa Photographer: Kevin Winter/Getty Images North America

1990s house music and fashion are back — unfortunately, so is a 1970s economy

It may be fear of recession that’s driving today’s obsession with all things early ‘90s. The period was characterised by a dismal economy and large-scale unemployment.
Bombay Stock Exchange in Mumbai | Bloomberg File Photo

Three charts show trouble for Indian stocks and why its unlikely to end anytime soon

The S&P BSE Sensex Index has fallen more than 15% from its October high, nearing the 20% loss that denotes a bear market.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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