Editorial Analysis

The 29th Conference of Parties (COP29) under the United Nations Framework Convention on Climate Change (UNFCCC) has underscored the centrality of climate finance in achieving global climate goals.

The recent imposition of the Net Borrowing Ceiling (NBC) by the central government has sparked significant debate and controversy, particularly in the context of federalism and fiscal autonomy in India. 

As the world’s largest democracy, India stands at a pivotal moment where the inclusion of women in political spheres is not just a matter of representation but a necessity for holistic development and true democracy.

Despite the noble objectives of the Public Distribution System (PDS), it has been plagued by significant leakages and corruption, undermining its effectiveness and the food security of millions of Indians.

As the world shifts towards a low-carbon energy landscape, India’s focus on Small Modular Reactor (SMR) signals a transformative approach to nuclear energy that aligns well with its broader vision for sustainable energy security.

In a rapidly warming world, the need for effective cooling solutions has become more critical than ever. International cooperation on clean energy and cooling solutions is essential to address the dual challenges of climate change and energy efficiency.

Recent geopolitical and environmental changes have prompted calls for Indus Waters Treaty (IWT)’s modification and exploring the complexities and challenges involved in renegotiating the IWT, considering the perspectives of both nations.

With Donald Trump securing a second term as President of the United States ‘Trump 2.0’, the dynamics of US-India trade relations are poised for significant shifts with renewed focus on his ‘America First’ policies, which are expected to impact various sectors of the Indian economy.

On the sidelines of the 16th BRICS Summit, held in Kazan, Russia, India and Iran held a crucial bilateral meeting, highlighting the untapped potential in their partnership, which have been historically rich but faced stagnation in recent years.

Recently, India along with other IPEF nations welcomed the upcoming entry into force of the Clean Economy Agreement, Fair Economy Agreement, and the Overarching Agreement on IPEF, and emphasised the significant opportunities to further deepen economic cooperation and deliver concrete benefits through ongoing collaboration.