India Urges Balanced Approach to Future Global Stocktake Under Paris pact

16 Oct 2025 CW Team

At the breakout session on the Global Stocktake (GST) during the Pre-CoP30 meetings in Brasilia on 13 October, Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav, congratulated the world on successfully concluding the first GST, describing it as a strong affirmation of earnest implementation of the Paris Agreement.

He explained that GST is a five-year cycle to assess collective progress against the Paris goals. It is intended to bolster ambition by enabling Parties to evaluate shared advances, identify remaining gaps, and guide enhanced action at national and international levels.

In his address, Shri Yadav characterised the GST as a key driver of the Paris framework—fostering political momentum and sustaining dynamic efforts toward higher ambition. He urged that ongoing dialogues should incorporate the GST’s insights to catalyse cooperation and climate action.

Looking ahead, the Minister cautioned against rushing to embed scientific assessments without careful deliberation of their global relevance. He emphasised that science must be pursued with rigour, accuracy and robustness, drawing on all pertinent sources.

“We must now shift our emphasis to implementing ambitious climate measures, and above all, address the critical lack of resources for developing countries to deliver adaptation and mitigation,” he asserted. “Dialogue is important, but action is imperative.”

Real Estate

07 May 2026

Wadhwa, Arisinfra Tie Up for Panvel Township

The Wadhwa Group has entered into a strategic partnership with ArisUnitern RE Solutions Pvt. Ltd. (Unitern), a subsidiary of Arisinfra Solutions Limited, to drive growth at Wadhwa Wise City (WWC), its flagship integrated township in Panvel, Maharashtra.The alliance will focus on providing solutions to monetise inventory worth approximately Rs 6.5 billion, with plans to release additional inventory valued at Rs 4–4.5 billion.Structured as an eight-month engagement, the partnership combines Wadhwa Group’s real estate expertise with ARIS’ Developer-as-a-Service (DaaS) platform to create a p..

Maharashtra Plans ₹600 Crore Skill Centres For Construction Workers

CREDAI Pune hosted its annual Construction Safety Awards in Pune, where Maharashtra Labour Minister Akash Pandurang Fundkar announced plans to invest nearly ₹600 crore in modern skill development centres for construction workers across the state.The event, held at Sheraton Grand Pune, was attended by more than 300 CREDAI members and representatives from the construction sector. The proposed centres are planned for locations including Mumbai and Nagpur and will focus on advanced technologies, modern equipment and workforce training aligned with evolving industry requirements.Fundkar called fo..

NCLAT Quashes Insolvency Proceedings Against Embassy Developments

Embassy Developments Limited has announced that the Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi, has set aside the earlier National Company Law Tribunal (NCLT) order admitting insolvency proceedings against the company, thereby quashing the Corporate Insolvency Resolution Process (CIRP).The appellate tribunal’s order overturns the NCLT ruling dated December 9, 2025, under which CIRP proceedings had been initiated against the company. With the latest ruling, all directions arising from the earlier NCLT order stand terminated and the insolvency proceedings against Emba..