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TMSEp197: WTO Report Card, Ashish Khanna, Crypto Markets, RBI MPC

Was the WTO meeting a success for India? What does Tata Power’s Ashish Khanna say about our renewable energy goal? Will the Crypto Carnage Continue? How does MPC work and what is its mission? answers here

WTO India | Tata Power | cryptocurrencies

TeamTMS |
New Delhi

Nestled between Lake Geneva and the snow-capped Alps and Jura mountains, this tiny town in Switzerland offers global leaders a perfect setting to sit down and iron out differences. Like over 200 other organizations, Geneva is also the seat of the World Trade Organization or WTO. And their 12th ministerial conference ended on Friday – with some agreement and disagreement. Union Minister for Trade and Industry Piyush Goyal called it a “spectacular success” for India. But experts insist it was a mixed bag. What exactly happened this time in Geneva? Has India achieved what it wanted? About six months ago – and about 1,000 miles from the Swiss city of Geneva – Prime Minister Narendra Modi made a promise to the world. He had pledged to achieve net-zero carbon emissions in Glasgow by 2070. And PM’s further promise to produce 500 gigawatts (GW) of renewable energy by 2030 was a step in that direction.

But the government cannot achieve this goal alone. Tata Power Renewables stands ready to help the country achieve this ambitious goal. In conversation with business standard‘s S Dinakar, whose President Ashish Khanna, how the company – which aims to grow fivefold over the next five years – is preparing for this challenge and what the industry expects from the government.

After renewable energy, let’s move on to the world of cryptocurrencies. Despite the rebound of modest losses following the US Federal Reserve’s hawkish stance, cryptocurrency markets remain in the shadow of uncertainty. They are down about 70% from their all-time highs set in November 2021. Find out if the crypto party is over and what’s next. It’s the same story everywhere. Countries reel from high inflation, their central banks raise lending rates to tame them, while helpless investors count their losses in market crashes. Also in India, the RBI’s Monetary Policy Committee raised the repo rate by 50 basis points earlier in the month. But have you ever wondered who all are part of this committee and what is its mandate? Let’s find out in this episode of the podcast.

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Initial publication: Mon 20 Jun 2022. 08:00 IST

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