Rs 5250 cr pledged under Indo-German development cooperation

By India News Stream staff

August 1, 2018

New Delhi: India and Germany today signed two agreements on financial and technical cooperation involving Rupees 5250 crore, with focus on sustainable urban development.

These resources were pledged, within the framework of sixty year old Indo-German development cooperation, significant additional resources have been pledged for the energy sector.

Addressing media after signing the agreement, German ambassador Dr. Martin Ney said his country’s priority was on renewable and green energy.

“Why we invest so much in this form of energy is because these have tranformative effect as they will help India in fulfiling its commitment under the Paris climate deal and meeting UN sustainable development goals”, he said.

The German ambassador urged the Indian government to see that things are expedited under the various developmental project. This was not a criticism but it would be in India’s own interest that things moved faster, he added.

Dr. Ney pointed out that last year in Berlin, the two countries had signed agreements for sustainable urban development, sanitation, water and solid waste management, urban mobility, automation of urban transport and Ganga rejenuation.

In 2017 Germany pledged to provide India upto one billion euros over five years.

German financing know-how will lead to reductions in CO2 emmissions of about 1.3 million tones per annum and contribute to India’s goal of generating upto 100 Gigawatt solar energy by 2020.

On behalf of India, the agreement was inked by Sameer Kumar, Joint Secretary in the Deparment for economic affairs, Ministry of Finance.

100 activists in Goa resolve to fight against Mhadei water diversion

Panaji: About a hundred activists from across Goa on Tuesday held a meeting over the issue of coal transportation and Mhadei river water diversion, and resolved to mobilise people to...

Over 3,700 landslides in 7 years; experts question environment impact assessments

New Delhi: Amid the reports of major land subsidence in Joshimath in Uttarakhand causing massive damage, government data has disclosed that a total 3782 instances of major landslides occurred in...

Jammu-Srinagar Highway remains blocked

Jammu : The Jammu-Srinagar National Highway remained blocked for a second day on Saturday due to snow accumulation in Banihal and shooting stones and mudslides at Ramban and Panthiyal, officials...

Shimla gets season’s first snowfall

Shimla: After much delay, the Himachal Pradesh capital on Friday experienced the season's first snowfall, leading to a surge of tourists to enjoy the snow-covered landscape. The snowfall has also...

Upcoming spell of cold wave extreme, never seen temperature go this low: Expert

New Delhi: The national capital and the adjoining NCR have reeled under a cold wave over the past week with temperatures dipping to as low as 1.9 degree Celsius. The...

Bangladesh declared free from toxic DDT pesticide

Dhaka: Bangladesh has been declared free from dangerous Dichlorodiphenyltrichloroethane pesticide, commonly known as DDT pesticide. Bangladeshi Environment, Forest and Climate Change Minister, Md. Shahab Uddin made the announcement at a...

Air quality in Delhi-NCR at severe level, govt reimposes ban on construction

New Delhi: With temperatures falling down, the air quality in Delhi-NCR has reached the severe category, forcing the government to reimpose the Stage-III of GRAP (Graded Response Action Plan) and...

Delhi shivers at 2 degrees, fog delays flights at IGI airport

New Delhi:  Residents of Delhi woke up to cold morning on Saturday with the minimum temperature plunging to 2 degrees Celsius, while dense fog delayed flights at the Indira Gandhi...

At 2.2, Delhi records coldest day of season

  New Delhi:  Delhiites woke up to the coldest morning of the season on Thursday with mercury plummeting to 2.2 degree Celsius. The weather stations at Lodhi Road, Ayanagar and...

12 with respiratory issues die in Dhanbad in 2 days as air quality worsens

Dhanbad: At least 12 people with respiratory issues who were undergoing treatment have died in the last 48 hours here, as the air quality declined to "alarming" levels, officials said...

European nations report record high temperatures in Jan

London:European nations have reported record high temperatures for the month of January leading to balmy weather in many places at the start of this year. Temperatures in the Netherlands, Liechtenstein,...

Amid the chilly weather, the air quality in the national capital dipped to very poor quality as the overall

New Delhi: Amid the chilly weather, the air quality in the national capital dipped to very poor quality as the overall Air Quality Index (AQI) of the city reached 311...

Read Previous

World– Russia-Japan ‘2+2’ Dialogue focuses on security cooperation

Read Next

RBI hikes repo twice in succession to bring it to 6.5%

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By :