China and India have also stepped up purchases from Tanzania, which was largely been absent from the global seaborne coal trade map until Russia's war on Ukraine in 2022.
CAG had in 2018 report pointed to ‘excess payments of 813 cr’ by TANGEDCO to coal suppliers & alleged irregularities in imported coal procured by PSU between 2013 and 2016.
Shipping experts & economists say impact on coal-importing countries is likely to be negligible, and India could potentially gain from this disruption if it's agile enough.
Financial Times report says Adani Group paid extra for coal imports to benefit companies linked to its owners. Adani Group preemptively denied all allegations days before report was made public.
India earlier said these plants were to operate at full capacity till 15 June, as the Centre looked to maximise output ahead of an expected record surge in power usage during the summer.
While many leaders in the region have condemned the U.S. military's intervention in Venezuela, it is unclear if countries in the region will be willing or able to truly push back.
Govt think tank flags India’s skewed auto export mix, warns domestic focus and high tariffs are limiting its global footprint; also highlights how auto components are a bright spot.
Venezuela also boasts of a diverse portfolio of unmanned aerial vehicles capable of carrying out surveillance, reconnaissance and being employed for kinetic purposes as well.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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