Global Hydrogen Price Index: A Plan to Boost Transparency and Confidence in Green Hydrogen Industry

India’s increasing Foreign Exchange Reserve (Forex) plays a crucial role in supporting the nation’s robust economic growth in a sluggish world economic scenario. In recent years, the country has made a remarkable history by touching the highest point of Forex reserve.  It has sufficient Forex accumulation to support the projected imports of the country for 11 months as per RBI. Source: https://www.msn.com/en-in/money/markets/indias-market-cap-crosses-5-trillion-milestone/ar-BB1mWZng The Forex reserve witnessed a total accumulation of US$ 651.5 billion as of 31 st   May 2024, the highest so far ever.  As per RBI’s recent Balance of Payment (BOP) data, India has gained US$ 63.7 Billion in Foreign exchange Kitty in 2023-24 .  India in terms of total reserves in the past few years is substantially driven by diverse components where the external industry has shown tremendous growth prospects. These accumulated reserves act as a cushion against the volatile curre...

G7 , a group of major IMF-advanced global economies, are uniting for the safe future of mankind.  They have set a clear and encouraging roadmap to achieve a net zero target globally by 2050 . They have accepted the Comprehensive Roadmap prescribed by the International Energy Agency (IEA) for the global energy sector. The leaders of G7 ( the United Kingdom, the United States, Canada, Italy, France, Japan, and Germany ) reiterated their commitment to intensify the battle against Climate Change to achieve the common goal. Source: https://www.iea.org/reports/net-zero-by-2050 They have shown their full commitment towards the critical and formidable goal set in IEA’s Summit.  Strong policy actions have been taken to move forward on this difficult but achievable route to answer the energy security paradigm. These economies have also committed to further increase their clean energy financing share to developing economies of the world. This will help developing economies to take effe...

India home to diverse terrains and multiple cuisines welcomes the world with an open heart and a deep belief in the spirit of  “Athiti Devo Bhava” . Over the years, substantial policy reforms have showcased India is growing as a popular destination with an extensive array of tourism and hospitality products for its domestic as well as international tourists and travelers.  Source: https://www.newsonair.gov.in/india-climbs-to-39th-position-in-world-economic-forums-travel-tourism-development-index/  With such a positive vibe, India has secured the 39th position in the Global Tourism Index 2024 by the World Economic Forum (WEF).  With an overall score of 4.25 out of 7, India has secured the highest position in the index among lower middle-income group economies . Earlier,  in 2021 India was ranked at the fifty-fourth position . The improved ranking is testimony to India’s comeback with an ability to be a preferred tourist destination for a range of hospita...

Currently, the world is progressing towards clean and green energy sources to strongly uphold the unfailing commitment to limit greenhouse gas emissions. India’s commitment to delivering climate change efforts is an inspiration for countries worldwide. In such a scenario the initiative to establish the Global HydrogenPrice Index (GHPI) must prove to be a boon in the country’s effort to transition to green hydrogen. It will also help in establishing India as the global hub of production, usage, and trade of green hydrogen. Source: https://egov.eletsonline.com/2024/01/gift-city-takes-the-lead-in-crafting-mechanism-for-global-hydrogen-trading It will boost the growth of the hydrogen economy in India and help to extend its presence globally by boosting investor’s confidence through a fair price discovery mechanism. For the same , an MoU by the International Financial Services Centre (IFSC) has been announced between Gujarat State Petroleum Corporation (GSPC) and Indian Gas Exchange (IGX)...

  Source:  https://apacnewsnetwork.com/2024/02/upi-payments-introduced-in-france-by-npci-international-and-lyra/ In the present digital world, India is revolutionizing the global fintech market with its Unified Payment Interface (UPI) system. After successful implementation domestically and introduction in many other countries of the world such as UAE, now India officially launched the UPI system in a popular global tourist location Eiffel Tower in Paris, France . It has been a contemporary example of bridging technology and culture in one place.   India’s UPI was formally launched in France on the occasion of India’s Republic Day reception  with the announcement of its commencement at the iconic Eiffel Tower. It is the first tourist destination in Europe to accept UPI payments marking its grand global launch. The Prime Minister of India during his visit to France last year in July 2023, disclosed the alliance between the countries to use UPI. For its implementation...