The Trade Promotion Council of India (TPCI) and the World Furniture Confederation (WFC) have signed an MoU to create furniture industrial clusters in India. The agreement was made during the WFC's Annual General Meeting in Dongguan, China, attended by over 500 global business leaders.

In an exclusive interview with Moneycontrol, Prime Minister Narendra Modi highlighted India's commitment to advancing the interests of the developing world within the G20 framework. CNBC-TV18 spoke to Indranil Pan, chief economist at Yes Bank and Abheek Barua, chief economist at HDFC Bank on what they make of the comments made by PM Modi with respect to India's macro environment.

Advocating for increased efforts on climate-related issues and improved preparedness within the sugar industry, he emphasised that the sector must be responsive to the challenges posed by El Nino in light of unusual weather patterns such as snow on the tips of volcanoes in Guatemala and extreme heat in London, juxtaposed with cold conditions in Spain.

According to an official order, Navin, a 1993-batch IRS officer, will hold the charge till the appointment of a regular director or until further orders. Navin is currently the ED’s special director.