KOCHI: India’s Rs 30,000-crore non-tyre rubber industry is headed for a crisis with acute shortage and spiralling prices of carbon black, a key ingredient in the manufacture of rubber products. “The domestic prices of carbon black have risen nearly 60% in the last six months, with 30% increase coming in the last three months,’’ said Vikram Makar, senior vice president of All India Rubber Industries Association. The prices range from Rs 105-130 per kg now. The association estimates the total production in the country at 9.5 lakh tonnes while the demand is around 12.85 lakh tonnes. Lack of further capacity addition and closure of a major manufacturer in Delhi have worsened the situation. Nearly 70% of the carbon black production is mopped up by the tyre industry. But the absorption by the tyre sector has gone up due to a spurt in domestic tyre production after the imposition of anti-dumping duty on tyre imports from China. “Consequently only 10% of … [Read more...] about Carbon black shortage puts rubber industry in crisis
Editor's note: Huang Yongfu is a senior fellow at the International Cooperation Center of the National Development and Reform Commission of China. The article reflects the author's opinions and not necessarily the views of NDRC or CGTN. The annual UN climate change conference, so-called COP25, is taking place in Madrid from December 2 to 13, with the convergence of nearly 200 countries. Climate change is again taking a prominent place in the global and national public debates. However, the negotiation to reboot a global system for tackling climate change has been unnerved and stymied by US' withdrawal from the Paris Accord on Climate Change, which is already the largest emitter in per capita in the world. The US is starkly free-riding on the efforts of the rest of the world or taking advantage of them. How to protect the interests of signatories to the Paris Accord or prevent the Accord from being picked apart or the world from being tipped into fiery catastrophe? What about the 'net … [Read more...] about How to protect the interests of signatories to the Paris Accord?
Nitin Gadkari, Minister for Road Transport and Highways reiterates the need of increasing the indigenising production of alternative fuels- ethanol, methanol and biofuel and use as an alternative to petrol and diesel."At present India is spending close to Rs 7 lakh crore (20 per cent of the overall budget) on the import of crude oil that pose a monetary as well as a strategic burden on the Indian economy. This needs an imminent solution and its high time that our country should develop and import substitute, cost-effective, pollution-free and indigenous fuel option," Gadkari said while addressing the inaugural session of ETAuto Natural Vehicle Conclave.He further highlighted that with the increased production of ethanol, the government is aiming to cut down Rs 1 lakh crore in crude imports and invest in agriculture to create jobs.About 22 per cent of ethanol can be blended with petrol which currently at 7 per cent. Similar to Toyota and Hyundai’s flexible engines in Brazil, … [Read more...] about ETAuto NGVC: Gadkari reiterates indigenisation of alternate fuel to reduce import burden
New Delhi: Prime Minister Narendra Modi on Tuesday held telephonic conversation with British Prime Minister Boris Johnson and emphasized on the need to ward off threat posed by radicaliaation, violence and intolerance in context of the terror organisations like ISIS. PM raised the issue of violence against Indians participating in Independence Day celebrations outside Indian mission in London, a statement issued by the Prime Minister’s Office read. Prime Minister Modi pointed out that terrorism had plagued all parts of the world, including India and Europe. He stressed the importance of effective steps to ward off the threats posed by radicalisation, violence and intolerance, particularly in the context of the expanding footprint of terrorist organisations such as ISIS. He also drew attention to the challenges posed by vested interests pursuing their motivated agenda, including by violent means. In this context he referred to the violence and vandalism perpetrated by a … [Read more...] about PM Modi Holds Telephonic Conversation With UK PM Johnson; Emphasises Need To Counter Terrorism
London: British Prime Minister Boris Johnson has made clear to Prime Minister Narendra Modi that Kashmir remains a bilateral matter between India and Pakistan as far as the UK's view is concerned, during a telephone call between the two leaders. The conversation, part of a series of similar telephone calls being undertaken by Johnson with world leaders since he took charge at Downing Street last month, covered the current situation in Kashmir alongside a discussion on the importance of the India-UK partnership. "The Prime Minister and Prime Minister Modi discussed the current situation in Kashmir, a Downing Street spokesperson said in an official readout of the phone call on Tuesday. "The Prime Minister made clear that the UK views the issue of Kashmir as one for India and Pakistan to resolve bilaterally. He underlined the importance of resolving issues through dialogue," the spokesperson said. The conversation came against the backdrop of the Indian government revoking the special … [Read more...] about UK PM Boris Johnson Tells Modi Kashmir A Bilateral Issue, Calls For India-Pakistan Dialogue