Topic: Carmichael 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.
The $16 billion Carmichael coal mine project in Queensland has been surrounded by controversies since its inception due to regulatory and environmental issues.
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.
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?
Lenders from Goldman Sachs Group Inc. to three of China’s largest banks have ruled out providing loans for the project.
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.
The S&P BSE Sensex Index has fallen more than 15% from its October high, nearing the 20% loss that denotes a bear market.
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.
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.