Author: Esahaque Eswaramangalam
Esahaque Eswaramangalam
Known as EM, he is a media activist and social entrepreneur from Kerala, India. He is the founder and CEO of WellMade Network, showcasing his marketing and event management skills. EM is also a founding member of the Ethnic Arts Council of India and the World NRI Council. He has received multiple awards for his work as an entrepreneur, journalist, and social activist, always striving to provide unbiased and transparent content. Readers are advised to verify facts independently and consult professionals before making decisions based on this content.
Solar power is the cheapest source of energy, according to a report by the International Energy Agency (IEA), despite objections from critics who claim hidden costs and infrastructure limitations are being overlooked. The IEA report has concluded that new solar projects are more cost-efficient than traditional fossil fuel-based energy production methods, including oil, gas, and coal, even when considering the associated intermittency costs. This is despite a common objection to renewable energy technologies such as solar and wind, which is the need for significant energy storage solutions to offset their non-continuous energy generation. Solar power’s leading position was determined based…
A recent study by the University of Houston (UH) has introduced several digital tools designed to augment the productivity of energy sector processes. These include three state-of-the-art online calculators, freely available to industry professionals, the latest of which is the UH Hydrocarbon Gas Minimum Miscibility Pressure (MMP) Calculator. Published in the journal ‘Geoenergy Science and Engineering’, the study illustrates how the novel calculators for hydrocarbon MMP, carbon dioxide MMP, and viscosity can streamline operations and yield considerable savings in time, resources, and money for field engineers. With the energy industry shifting focus to carbon capture, utilization, and storage (CCUS) and…
Prime Minister Narendra Modi of India culminated his 3-nation visit with a bilateral meeting with Australian Prime Minister Anthony Albanese, further emphasizing the strengthening relations between the two nations. With China perceived as a common strategic challenge, the focus was on enhancing two-way trade and addressing socio-political issues. The bilateral meeting signalled the maturity of the India-Australia relationship, with discussions centring around a variety of subjects including trade, temple vandalism, and Khalistan separatist activities. Advancing Economic Ties A prominent outcome of the meeting was the advancement of the Comprehensive Economic Cooperation Agreement (CECA). PM Albanese expressed a shared ambition for…
As global cross-border e-commerce exports are projected to reach $2 trillion by 2025, India’s e-commerce sector is poised for significant growth. Current estimates suggest India’s annual e-commerce export potential could fall between $200 billion to $300 billion by 2030, according to the foreign trade policy. Aiming to level the playing field, the Ministry of Commerce is reportedly in discussions with various regulators and departments to align tax refunds for e-commerce exports with those for traditional channels. Santosh Kumar Sarangi, Director General of Foreign Trade (DGFT), stated on Tuesday that adjustments to policy and regulation were essential, given the shift from…
The European Union has taken a decisive step towards sustainability in fashion by imposing a ban on the destruction of unsold clothing, targeting the fast-fashion industry’s infamous waste generation. EU competition ministers gathered in Brussels on Monday (May 22) to endorse a plan that had been proposed by the European Commission in the previous year. The aim is to prohibit the disposal of textiles, footwear, and other unsold consumer items, a move signaling the EU’s commitment to reducing the environmental impact of manufactured products that remain unused. In the context of a world increasingly shaped by online retail, the European…
The success and longevity of businesses might be less about adapting to changing market conditions and more about the conditions under which they were founded, suggests a new study published in the Strategic Entrepreneurship Journal. The U.S. Bureau of Labour and Statistics data shows a staggering reality: only 25% of new enterprises continue to operate after 15 years. Despite evolving economic climates, this statistic has remained consistent over the past three decades. Offering a refreshing perspective, D. Carrington Motley, a Carnegie Mellon University lecturer and co-author of the study, elucidates, “The performance of a venture following environmental change is deeply…
In a significant development, the United States and Taiwan have successfully inked an initial agreement under the ambitious US-Taiwan Initiative on 21st Century Trade. This initial pact, marking a milestone in US-Taiwan relations, comes amidst heightened Washington-Beijing tensions. Katherine Tai, US Trade Representative, announced the achievement on Thursday, underlining the deal’s pivotal role in strengthening the economic bond between the United States and Taiwan. The agreement focuses primarily on regulatory practices, customs and border procedures, and small businesses, as outlined in a Sputnik report. According to Tai, the newly formed agreement will grant American enterprises enhanced opportunities to access Taiwan’s…
EU Crypto Assets Regulation: On Tuesday, the European Union (EU) took a significant step towards establishing a more regulated crypto industry. The EU’s Council, representing 27 member states, unanimously gave final approval to the landmark Markets in Crypto Assets regulation (MiCA) and agreed on new anti-money laundering measures for crypto funds transfers. This move places the EU as the first major global jurisdiction with a crypto licensing framework. MiCA will mandate crypto entities, including wallet providers and exchanges, to acquire a license for operating across the bloc. The law also requires issuers of stablecoins to maintain adequate reserves. Although the…
In a groundbreaking development, MIT-World Peace University (MIT-WPU), an Indian educational institution, has inaugurated Asia’s first-ever Subsea Research Lab. This pioneering venture, undertaken with Aker Solutions, signifies a major leap in the energy sector education and research, fortifying India’s position as a hub for subsea engineering knowledge and expertise. MIT-WPU’s Department of Petroleum Engineering (PE), one of India’s oldest and most established in the field, was instrumental in the creation of this advanced laboratory. The lab represents a functional prototype of deep-water offshore petroleum operations, set to reshape the training landscape for the energy sector’s future professionals. The Subsea Research…
Piyush Goyal, commenced a series of pivotal meetings in Brussels on Sunday, engaging in a dialogue with the European Free Trade Association (EFTA) ministerial delegation. This meeting, led by Swiss Federal Councillor Guy Parmelin, focused on advancing trade and mutual growth across key sectors. Goyal shared on Twitter that both parties explored avenues for deeper cooperation, showcasing a united front for mutual growth and prosperity. This interaction lays the groundwork for a more integrated trade relationship between India and the EFTA member states, which could potentially reshape existing market dynamics. The Indian Minister’s agenda in Brussels goes beyond this meeting.…