Ministry of Earth Sciences underscores critical role of India's vast marine resources
The report underscores the critical role of India's vast marine resources, including its extensive coastline and Exclusive Economic Zone, as a vital engine for national progress. It highlights the collaborative efforts of 25 ministries, alongside coastal state and union territory initiatives, in driving sustainable growth across various ocean-related sectors. The report builds upon India's G20 Presidency commitments and the Chennai High-Level Principles for a Sustainable and Resilient Blue Economy, further solidifying its importance within the Viksit Bharat vision for 2047.
While acknowledging significant sectoral progress, the white paper emphasises the need for a unified and coordinated approach to overcome existing challenges. It identifies key impediments to growth, limited data sharing, low private investment, and technology gaps, particularly in emerging areas like offshore wind and deep-sea exploration. It highlights pragmatic interventions and highlights scalable and replicable models from across India, including women-led seaweed farming, smart port development, and green ship recycling, demonstrating the potential for achieving both economic growth and environmental sustainability.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
3 hours ago
- NDTV
"Pragmatism": Foreign Ministry Report 2024 Highlights Key Diplomatic Achievements
New Delhi: The Ministry of External Affairs (MEA) has released its annual report for 2024, highlighting India's key diplomatic engagements and achievements. According to the report, India's foreign policy demonstrated "vibrancy and pragmatism" in advancing national interests amid a rapidly evolving global landscape. In the year 2024, India engaged actively with the world in advancing its national interests amid a rapidly evolving global landscape. Indian foreign policy demonstrated vibrancy and pragmatism, yielding significant achievements that also enhanced India's global stature and goodwill, the Ministry of External Affairs wrote in its annual report 2024 on Friday. Bilateral engagements with like-minded partners were complemented by India's proactive initiatives and leadership in plurilateral and multilateral platforms. The Ministry of External Affairs (MEA) played a pivotal role in steering India's foreign policy and global diplomacy towards pragmatic goals, it added. India remained steadfast in expanding its strategic autonomy, championing meaningful reforms of multilateral institutions, addressing the priorities of the Global South, and safeguarding its security within the framework of the rules-based international order. These efforts underscored India's commitment to shaping a more equitable and inclusive global governance framework. The year witnessed continuing economic fluctuations, climate change impacts, geopolitical tensions, and social disruptions, with persistent challenges on global health and environmental fronts. India remained actively engaged on the global stage, addressing major global challenges through high-level discussions and collaborations. This included strengthening partnerships bilaterally and active participation in notable regional and global groupings such as the UN, G20, G7, Quad, SCO, and BRICS. By virtue of being the preceding G20 President, India continued to work with Brazil under the Troika grouping (India, Brazil, and South Africa). Building on the work done during India's G20 Presidency, Brazil identified three priorities for 2024, which broadly involved social inclusion, energy transition, and the reform of multilateral governance institutions. The report notes that India remained actively engaged on the global stage, addressing major global challenges through high-level discussions and collaborations. The MEA report highlighted PM Modi's participation in the 19th G20 Summit in Rio de Janeiro on 18-19 November. Prime Minister's interventions were widely appreciated across the spectrum of developed and developing countries for being human-centric, constructive, and development-oriented. This was also the first G20 Summit in which the African Union participated as a permanent member, following its inclusion at the New Delhi G20 Summit in September 2023. In August, India hosted the 3rd edition of the Voice of Global South Summit in virtual format under the overarching theme 'An Empowered Global South for a Sustainable Future,' MEA stated. India also hosted the 3rd edition of the Voice of Global South Summit, which saw the participation of 173 dignitaries from 123 Global South countries. During the summit, PM Modi proposed a "global development compact" to promote sustainable development in the Global South--the compact focuses on trade, capacity building, technology sharing, and financial support. The report highlights India's commitment to combating terrorism, with the country collaborating actively with the global community to counter terrorism in all its forms and manifestations. India also reinforced its credentials as a reliable "first responder" in crises, undertaking three major Humanitarian Assistance and Disaster Relief (HADR) operations during the year. Earlier in June, the Prime Minister participated in the Outreach Session of the G7 Summit in Italy, where he engaged with global leaders on key global challenges. At the summit, PM Modi emphasised that technology must be guided by a human-centric approach, highlighting India's success in leveraging digital advancements for public service delivery. He underscored India's commitment to "AI for All," advocating for AI's role in fostering global progress and well-being. He also stressed the importance of prioritising the concerns of the Global South, particularly Africa, recalling India's role in securing the African Union's permanent membership in the G20, as per the report. PM Modi also held discussions with the Prime Minister of Italy, Giorgia Meloni on further strengthening the India-Italy Strategic Partnership. Throughout the year, India collaborated actively with the global community to combat terrorism in all its forms and manifestations and worked with partner countries towards capacity-building, best practices exchange, and information sharing in the counter-terrorism domain. During the year, India participated in various Counterterrorism Working Groups, engaging with its partners on combating the menace of terrorism, including within the Quad grouping and with France, Kazakhstan, and Australia. The FATF (Financial Action Task Force) Mutual Evaluation of India culminated with the FATF Plenary at Singapore in June, wherein India's report was finalised, and the FATF Plenary concluded that India had reached a high level of technical compliance with the FATF requirements. This indicated that India's anti-money laundering, counter terror financing, and Counter Proliferation Financing (CPF) regime was achieving effective results. India reinforced its credentials as a reliable 'first responder' in crises, both in its neighbourhood and beyond, by undertaking three major Humanitarian Assistance and Disaster Relief (HADR) operations during the year. These operations included Operation Indravati in Haiti, a special Humanitarian Airlift Operation in Kuwait, and Operation Sadbhav in Myanmar. Apart from these operations, India provided HADR assistance to more than 20 countries during the year. The report further emphasised that Operation Indravati, which was launched in March to evacuate Indian nationals from Haiti amidst civil unrest. In June, a special Humanitarian Airlift Operation was conducted in Kuwait to repatriate the bodies of 45 Indian nationals. In September, Operation Sadbhav was launched to extend emergency humanitarian assistance in the wake of the floods caused by Typhoon Yagi in Myanmar. Apart from these operations, India provided HADR assistance to more than 20 countries during the year. In 2024, India also continued to provide its humanitarian assistance to conflict zones in West Asia. India supplied anti-cancer medicines to Syria and coordinated with the United Nations Relief and Works Agency (UNRWA) to supply 30 tons of humanitarian aid and essential life-saving drugs for the people of Palestine. In July, India rescued nine crew, including eight Indians, in a joint search and rescue operation with the Omani authorities from MT Prestige Falcon, a Comoros-flagged vessel that capsized off the coast of Oman. During the year, India also marked several significant diplomatic milestones, celebrating decades of ties with partner countries. These milestones reflected India's continued commitment to nurturing historic and evolving partnerships. Overall, the MEA report highlights India's growing global stature and goodwill, with the country's diplomatic efforts yielding significant achievements in advancing national interests and promoting global cooperation.
India Gazette
5 hours ago
- India Gazette
MEA report 2024 highlights India's key diplomatic engagements, achievements
New Delhi [India], July 12 (ANI): The Ministry of External Affairs (MEA) has released its annual report for 2024, highlighting India's key diplomatic engagements and achievements. According to the report, India's foreign policy demonstrated 'vibrancy and pragmatism' in advancing national interests amid a rapidly evolving global landscape. In the year 2024, India engaged actively with the world in advancing its national interests amid a rapidly evolving global landscape. Indian foreign policy demonstrated vibrancy and pragmatism, yielding significant achievements that also enhanced India's global stature and goodwill, the Ministry of External Affairs wrote in its annual report 2024 on Friday. Bilateral engagements with like-minded partners were complemented by India's proactive initiatives and leadership in plurilateral and multilateral platforms. The Ministry of External Affairs (MEA) played a pivotal role in steering India's foreign policy and global diplomacy towards pragmatic goals, it added. India remained steadfast in expanding its strategic autonomy, championing meaningful reforms of multilateral institutions, addressing the priorities of the Global South, and safeguarding its security within the framework of the rules-based international order. These efforts underscored India's commitment to shaping a more equitable and inclusive global governance framework. The year witnessed continuing economic fluctuations, climate change impacts, geopolitical tensions, and social disruptions, with persistent challenges on global health and environmental fronts. India remained actively engaged on the global stage, addressing major global challenges through high-level discussions and collaborations. This included strengthening partnerships bilaterally and active participation in notable regional and global groupings such as the UN, G20, G7, Quad, SCO, and BRICS. By virtue of being the preceding G20 President, India continued to work with Brazil under the Troika grouping (India, Brazil, and South Africa). Building on the work done during India's G20 Presidency, Brazil identified three priorities for 2024, which broadly involved social inclusion, energy transition, and the reform of multilateral governance institutions. The report notes that India remained actively engaged on the global stage, addressing major global challenges through high-level discussions and collaborations. The MEA report highlighted PM Modi's participation in the 19th G20 Summit in Rio de Janeiro on 18-19 November. Prime Minister's interventions were widely appreciated across the spectrum of developed and developing countries for being human-centric, constructive, and development-oriented. This was also the first G20 Summit in which the African Union participated as a permanent member, following its inclusion at the New Delhi G20 Summit in September 2023. In August, India hosted the 3rd edition of the Voice of Global South Summit in virtual format under the overarching theme 'An Empowered Global South for a Sustainable Future,' MEA stated. India also hosted the 3rd edition of the Voice of Global South Summit, which saw the participation of 173 dignitaries from 123 Global South countries. During the summit, PM Modi proposed a 'global development compact' to promote sustainable development in the Global South--the compact focuses on trade, capacity building, technology sharing, and financial support. The report highlights India's commitment to combating terrorism, with the country collaborating actively with the global community to counter terrorism in all its forms and manifestations. India also reinforced its credentials as a reliable 'first responder' in crises, undertaking three major Humanitarian Assistance and Disaster Relief (HADR) operations during the year. Earlier in June, the Prime Minister participated in the Outreach Session of the G7 Summit in Italy, where he engaged with global leaders on key global challenges. At the summit, PM Modi emphasised that technology must be guided by a human-centric approach, highlighting India's success in leveraging digital advancements for public service delivery. He underscored India's commitment to 'AI for All,' advocating for AI's role in fostering global progress and well-being. He also stressed the importance of prioritising the concerns of the Global South, particularly Africa, recalling India's role in securing the African Union's permanent membership in the G20, as per the report. PM Modi also held discussions with the Prime Minister of Italy, Giorgia Meloni on further strengthening the India-Italy Strategic Partnership. Throughout the year, India collaborated actively with the global community to combat terrorism in all its forms and manifestations and worked with partner countries towards capacity-building, best practices exchange, and information sharing in the counter-terrorism domain. During the year, India participated in various Counterterrorism Working Groups, engaging with its partners on combating the menace of terrorism, including within the Quad grouping and with France, Kazakhstan, and Australia. The FATF (Financial Action Task Force) Mutual Evaluation of India culminated with the FATF Plenary at Singapore in June, wherein India's report was finalised, and the FATF Plenary concluded that India had reached a high level of technical compliance with the FATF requirements. This indicated that India's anti-money laundering, counter terror financing, and Counter Proliferation Financing (CPF) regime was achieving effective results. India reinforced its credentials as a reliable 'first responder' in crises, both in its neighbourhood and beyond, by undertaking three major Humanitarian Assistance and Disaster Relief (HADR) operations during the year. These operations included Operation Indravati in Haiti, a special Humanitarian Airlift Operation in Kuwait, and Operation Sadbhav in Myanmar. Apart from these operations, India provided HADR assistance to more than 20 countries during the year. The report further emphasised that Operation Indravati, which was launched in March to evacuate Indian nationals from Haiti amidst civil unrest. In June, a special Humanitarian Airlift Operation was conducted in Kuwait to repatriate the mortal remains of 45 deceased Indian nationals. In September, Operation Sadbhav was launched to extend emergency humanitarian assistance in the wake of the floods caused by Typhoon Yagi in Myanmar. Apart from these operations, India provided HADR assistance to more than 20 countries during the year. In 2024, India also continued to provide its humanitarian assistance to conflict zones in West Asia. India supplied anti-cancer medicines to Syria and coordinated with the United Nations Relief and Works Agency (UNRWA) to supply 30 tons of humanitarian aid and essential life-saving drugs for the people of Palestine. In July, India rescued nine crew, including eight Indians, in a joint search and rescue operation with the Omani authorities from MT Prestige Falcon, a Comoros-flagged vessel that capsized off the coast of Oman. During the year, India also marked several significant diplomatic milestones, celebrating decades of ties with partner countries. These milestones reflected India's continued commitment to nurturing historic and evolving partnerships. Overall, the MEA report highlights India's growing global stature and goodwill, with the country's diplomatic efforts yielding significant achievements in advancing national interests and promoting global cooperation. (ANI)
Hindustan Times
19 hours ago
- Hindustan Times
Take Five: Duck and swerve
July 11 - Take Five: Duck and swerve Tariff curve balls lobbed at economies and markets around the world by U.S. President Donald Trump will punctuate a week of inflation data from the U.S. and Britain as well as growth and retail sales numbers from China. Meanwhile, earnings season is getting under way on both sides of the Atlantic and G20 finance officials are preparing to meet in South Africa. Here's a look at the week ahead from Colleen Goko in Johannesburg, Kevin Buckland in Singapore, Lewis Krauskopf in New York and Lucy Raitano and Amanda Cooper in London. 1/TARIFF TEST FOR U.S. INC A crucial U.S. inflation reading will offer Wall Street clues on when the Federal Reserve may next cut interest rates, as second-quarter earnings roll in. June's consumer price index, due Tuesday, is expected to show a monthly rise of 0.3%, according to a Reuters poll. Recent minutes from the Fed's June meeting showed only "a couple" of officials said they felt interest rates could be reduced as soon as this month, with most remaining worried about inflationary pressure they expect from Trump's tariffs. Fed fund futures indicate a slim chance of a rate cut at the end-July meeting, but suggest easing in September is likely. The impact from Trump's trade tantrums will share the stage with corporate reports - the first earnings quarter under these tariff wars. Major banks also report in the coming week, including JPMorgan Chase, Bank of America and Wells Fargo while results are due from Netflix, Johnson & Johnson and 3M. 2/AND IN EUROPE Second-quarter earnings also kick off in Europe, and paint a glum picture. In the U.S., it is already not looking pretty: earnings are expected to post their weakest growth in two years. Corporate profits at S&P 500 companies are seen increasing 5.8% year-on-year, according to LSEG I/B/E/S - a marked slowdown from the first quarter's near-14% rate. In Europe, STOXX 600 earnings are expected to fall 0.2% after last quarter's 2.2% growth. Forward guidance will be key to understanding the fallout from this era of tariffs and fears of more levies. It's not obvious in the market's performance though, where the S&P 500 is scaling new record highs, while bourses in Europe including Frankfurt and London are hovering near previous peaks, shrugging off high uncertainty and moderating earnings growth rates. 3/STIMULATING SPENDING Trump's rekindled fragile bromance with Chinese leader Xi Jinping must have come as a great relief to Beijing policymakers, allowing them to focus on tackling deep-rooted economic problems at home. GDP figures due on Tuesday are tipped to show the economy still chugging along above the government's soft target of 5%-ish growth. But same-day retail sales numbers should reinforce that consumers are still saving instead of spending, frustrating government efforts to gear the economy towards consumption. On Wednesday, Beijing unveiled new measures to stabilise employment, including more social insurance subsidies, special loans and targeted support for young job seekers. With the politburo due to meet around the end of the month, hopes are high - as evidenced by soaring stocks - for more stimulus to come. Any data weakness is only likely to fan that speculation. 4/ A STICKY SITUATION At 3.4%, Britain has the highest inflation among the G7 - and CPI numbers due on Wednesday will spell out just how sticky price pressures are. A deal on U.S. tariffs that was less grim than feared, and a stronger pound, may help the UK to absorb any inflationary impact. In terms of the British consumer, regular pay growth has run above 5% for the better part of five years. So far, so good. But the tax burden is the highest since the 1940s and growth in real wages - adjusted for inflation - is slowing, having risen just 1.5%, their lowest rate in almost two years. Friday's data showed the economy shrank for a second straight month in May - not great news for finance minister Rachel Reeves, who delivers her annual Mansion House speech along with Bank of England governor Andrew Bailey on July 15, or for UK households and businesses. 5/A TEST OF RELEVANCE G20 finance ministers and central bankers gather in Durban from Thursday under South Africa's presidency amid growing questions over the group's effectiveness on stalled progress on debt relief, climate finance and access to capital for developing nations. South Africa's priority areas have seen glacial progress. The Cost of Capital Commission lacks formal support and the Just Energy Transition Partnership - a collaboration between richer nations to help developing countries transition to cleaner energy - is limping along. U.S. Treasury Secretary Scott Bessent will skip the meeting altogether - the second time he has opted out of a South Africa G20 event - to attend Japan's World Expo 2025 instead. The BRICS group of developing nations, along with other alternative forums, is trying to fill some of the void, though the U.S. has criticised its initiatives involving local currency payments as being "anti-American." This article was generated from an automated news agency feed without modifications to text.
