Credit The India Wire The United States has recently sent a delegation of top energy officials to India following the discovery of a major lithium deposit in the country. This is a significant step towards strengthening the bilateral relationship between the two nations and establishing India as a major player in the global lithium market. The discovery of this lithium deposit has the potential to revolutionize the energy sector, as lithium is a key component in the production of batteries used in electric vehicles and renewable energy storage systems. The increasing demand for clean energy and electric vehicles has created a high demand for lithium, making it a crucial commodity in the energy sector. The Importance of Lithium in the Energy Sector Lithium is a soft, silvery-white metal that is highly reactive and flammable. It is widely used in the production of batteries for portable electronics and electric vehicles, as well as in the manufacture of ceramics, glass, and pharmaceutica
The Panama Papers scandal, which broke in April 2016, sent shockwaves through the political and financial worlds by revealing the vast network of offshore tax havens used by some of the world's wealthiest and most powerful individuals and organizations. The leak of more than 11 million confidential documents from Panamanian law firm Mossack Fonseca provided a glimpse into the secretive world of offshore finance and the ways in which it can be used to evade taxes, launder money, and influence politics. credits icij.org One of the key takeaways from the Panama Papers scandal is the extent to which offshore tax havens are used to influence politics. The leaked documents revealed that many of the individuals and organizations using Mossack Fonseca's services were involved in politics, including heads of state, politicians, and political parties. In some cases, the offshore companies and trusts set up by these individuals were used to channel money into political campaigns and lobby