31 C The Times of India
Elections 2026Asia / The Times of India
An expert panel recommended green clearance for the Naying hydro-electric project. This project will be built across the Siyom river in Arunachal Pradesh. It will boost renewable energy generation and cost an estimated Rs 11,835 crore. The project proponent will provide compensation and rehabilitation for displaced families. Further forest clearance is now required for this significant development.
US senators unveiled a revised Russia sanctions bill targeting major energy buyers. This legislation seeks to pressure Moscow and its key oil and gas importers. The updated bill reduces previously proposed tariffs on top purchasers like China and India. It also targets Russia's shadow fleet and financial institutions involved in its war. This measure aims to secure broader political support and honor Senator Lindsey Graham's legacy.
India is among major economies that are stepping up purchases of gold, while trimming holdings of US Treasuries. Central banks have increasingly begun viewing gold not only as a hedge against inflation but also as a core store of value.