Business
Mukesh Ambani joins President’s Advisory Committee COP28

Mukesh Ambani, Chairman and Managing Director, Reliance Industries, has been appointed as the member of Advisory Committee to the President of the 28th Session of the Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC).
Mukesh Ambani joined other important global leaders on the COP28 Advisory Council such as Larry Fink, Chairman and CEO of BlackRock, Olafur Grimsson, Chairman of Arctic Circle (Former President of Iceland), Laurent Fabius, President of COP21 / Paris Agreement, Former Prime Minister of France, Francesco La Camera, Director General, International Renewable Energy Agency (IRENA), Bob Dudley, Chair of the Oil & Gas Climate Initiative (OGCI), former CEO of BP.
Mukesh Ambani is the only Indian, other than Sunita Narain, Director General, Centre for Science and Environment, on the Advisory Committee to the President of COP28.
COP28
The COP28 UAE Advisory Committee brings together the climate expertise of thought leaders from countries across six continents. Representing policy, industry, energy, finance, civil society, youth, and humanitarian action, the 31 members of the Committee, of which 65 per cent are from the Global South, will provide guidance and counsel to the COP Presidency in the run up to COP28 and beyond.
The UNFCCC Secretariat announced in January 2023 appointed Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and UAE Special Envoy for Climate Change, as COP 28 President-Designate.
UAE has been chosen to host the 28th session of the Conference of Parties (COP 28) to the UNFCCC (United Nations Framework Convention on Climate Change) from November 30, 2023 to December 12, 2023. It will be held at Dubai Expo City.
International
Iran Hangs 3 Men Accused For Spying For Israel

Iran said Wednesday that it executed three men accused of spying for Israel, the day after a truce between the two countries came into effect.
“Idris Ali, Azad Shojai and Rasoul Ahmad Rasoul, who attempted to import equipment into the country to carry out assassinations, were arrested and tried for… cooperation favouring the Zionist regime,” the judiciary said, referring to Israel.
“The sentence was carried out this morning… and they were hanged.”
The executions took place in Urmia, a northwestern city near the border with Turkey, the judiciary said, sharing photos of the three men in blue prison uniforms.
Tehran regularly announces the arrest and execution of agents suspected of working for foreign intelligence services, including its arch-foe Israel.
After the Iran-Israel war erupted on June 13, Tehran vowed swift trials for people arrested on suspicion of collaborating with its arch-foe.
It carried out executions of men accused of being Mossad agents on both Sunday and Monday.
Iran is the world’s second-most prolific executioner after China, according to human rights groups, including Amnesty International.
Business
India on track to become $5 trillion economy in next 3 years: Piyush Goyal

New Delhi, June 25: India is well on track to achieve a $5 trillion economy and the expectation is to reach this milestone within the next three years, Commerce and Industry Minister Piyush Goyal has stressed.
By 2027, “we hope to become the third largest economy in the world,” he said, adding that all stakeholders — government, business community, industry, trade, and 140 crore Indians — are deeply aligned with the Prime Minister’s vision for ‘Viksit Bharat 2047’.
The minister stated that the government, under Prime Minister Narendra Modi, has focused on quantum change, not incremental progress and it focused not only on growth, but on inclusive, sustainable and honest growth.
He was speaking at a webinar hosted by the Merchants’ Chamber of Commerce and Industry (MCCI) on ‘India’s March Towards a $5 Trillion Economy: Navigating Global Challenges’.
On India’s economic strength, Goyal stated that the country has moved from being part of the fragile five to becoming one of the top five economies in the world.
“We have a strong macroeconomic foundation. Our banking system is strong and robust, with high ability to lend. Our inflation is among the lowest India has ever seen — down to 3 per cent again,” he said.
The minister further said that the government has focused on achieving growth that is calibrated for the Indian story and that believes in ‘Seva, Sushasan and Navachar; — Service, Good Governance and Innovation.
He highlighted that MCCI will continue to play a very important role during Amrit Kaal in achieving this goal. Such dialogues help the government better understand what needs to be done to support industries, even in the face of global volatility, turbulence, and uncertainty.
“History reminds us that great economies are not built in calm waters. Great economies are built in turbulent seas,” Goyal emphasised, adding that this is India’s time to seize the moment and that the opportunity must not be missed.
He praised MCCI’s 124-year journey, calling it a bridge between the government, stakeholders, and industries. “MCCI can be called as Mobilizing Commerce and Connecting Industries, because that is exactly what MCCI does,” Goyal added.
National
Maharashtra Cabinet clears 802 km Shaktipeeth Expressway

Mumbai, June 24: The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, on Tuesday approved the much-debated 802-km six-lane Shaktipeeth Expressway connecting 18 pilgrimage sites, including three and a half Shaktipeeths, two Jyotirlingas and Pandharpur Ambajogai in the state.
The project cost is estimated at Rs 86,300 crore and will pass through 12 districts.
The state-run Maharashtra State Road Development Corporation is the nodal agency for its development.
The cabinet cleared a provision of Rs 20,000 crore for the project design and land acquisition.
The expressway has been proposed from Pawanar in Wardha district to Patradevi in Sindhudurg district. This will reduce the travel time from the present 18 to 20 hours to just 8-10 hours.
According to the government sources, it aims to boost tourism, regional development, and provide easier access to spiritual sites. The expressway will pass through three Shakti Peethas of Mahalaxmi (Kolhapur), Tulja Bhawani (Dharashiv) and Patradevi (Goa), two Jyotirlingas of Aundha Nagnath (Hingoli) and Parli Vaijnath (Beed), historic town of Pandharpur, which houses the Shri Vitthal-Rukmini Mandir.
Last week, Chief Minister Fadnavis had directed the Finance Department to allocate Rs 12,000 crore required in connection with land acquisition for the proposed Shaktipeeth Expressway.
“Delays in projects lead to major cost escalations. All agencies concerned have been assigned specific timelines, and strict adherence to these is necessary. The land acquisition process must be treated with seriousness and executed in mission mode,” he said.
CM Fadnavis, who has been a strong advocate of the Shaktipeeth Expressway, claimed the project will open up new opportunities and transform the state.
He clarified that the government will not force the project on anyone, saying that the government will sit and understand the issues of farmers. While a section of farmers is protesting, another lot has plans to have gatherings to show their support for the project, he noted.
Today’s Cabinet approval comes amid strong protests by opposition parties, farmers and villagers who claimed that the proposed highway will damage their irrigated farmlands and is being planned for the benefit of contractors.
The Maha Vikas Aghadi has been opposing the project, claiming that it will affect farmers badly and benefit contractors.
The opposition parties are expected to take up the issue during the upcoming Monsoon Session of the state legislature, starting June 30 in Mumbai.
The Mahayuti government, ahead of state Assembly elections last year, had put on hold the land acquisition for the expressway in the wake of strong protests, especially from Kolhapur district. The Mahayuti partners BJP, Shiv Sena and NCP, had feared an electoral loss if the land acquisition had been carried out. However, the government has revived it now.
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