LIVE news: India's capacity to absorb shocks strong amid global shifts, says FM Sitharaman

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Finance Minister Nirmala Sitharaman on Friday said India’s ability to withstand external shocks remains strong even as the global economy undergoes a structural transformation. She noted that nations today face the dual challenge of managing uncertainty and tackling trade, financial and energy imbalances.

  Russian President Vladimir Putin on Thursday directed his government to devise steps to narrow the trade imbalance with India, largely stemming from New Delhi’s heavy import of Russian crude oil.

 

Addressing the Valdai Discussion Club — an international security and geopolitical forum in the Black Sea resort of Sochi — Putin said he looked forward to his early December visit to India. He underlined the enduring warmth in bilateral ties, stressing that Moscow and New Delhi have always respected each other’s sensitivities.

 

“We have never had any problems or interstate tensions with India. Never,” he said.

 

‘Special’ ties since Soviet era

 

Putin recalled the “special” nature of India-Russia relations dating back to the Soviet era, when Moscow supported India’s independence struggle.

 

“In India, they remember this, they know it, and they value it. We appreciate that India has not forgotten it,” he noted.

 

Referring to Prime Minister Narendra Modi as his “friend”, Putin described their exchanges as “trustworthy” and “comfortable”. He praised India’s nationalist government, calling Modi a “balanced, wise” and “nationally oriented” leader.

 

Praise for India’s stance on Russian oil

 

Putin commended New Delhi’s decision to continue oil imports from Russia despite pressure from Washington.

 

“Everyone in India knows this well,” he remarked, adding that India’s losses from US punitive tariffs would be offset by Russian crude imports while also boosting its stature as a sovereign nation.

India's capacity to absorb shocks strong amid global structural shifts: FM Sitharaman

 

2:59 PM

Modi govt worked on marketing of khadi, Cong forgot about it after Independence: Shah

Union Home and Cooperation Minister Amit Shah on Friday said the Congress forgot khadi after Independence while his government revived it, noting that the turnover of the Khadi and Village Industries Commission has increased to Rs 1.70 lakh crore now from Rs 33,000 crore in 2014-15. Many companies in the country do not have such a big turnover, he said during the 'Khadi Karigar Mahotsav' event.

2:55 PM

PM Modi to unveil initiatives worth more than Rs 62,000 cr for youth, Bihar in focus

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2:40 PM

India stands out as an anchor of stability in a volatile world: RBI Governor Sanjay Malhotra

"Indian economy seems well settled into an equilibrium of resilient growth despite recent odds," says RBI Governor Sanjay Malhotra.

2:25 PM

Luxembourg's grand duke abdicates after 25 years, passing throne to son

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2:03 PM

Maharashtra gets Rs 6,418 crore advance instalment of tax devolution from Centre

Maharashtra has received an advance instalment of Rs 6,418 crore from the Central government, as part of tax devolution ahead of the festive season, Deputy Chief Minister Ajit Pawar has said. The Centre on Wednesday said it has released an additional instalment of tax devolution of Rs 1,01,603 crore to state governments to enable them to accelerate capital spending and finance their development/welfare-related expenditure.

1:31 PM

NIRF to introduce negative marking for retracted papers, poor quality research

The National Institutional Ranking Framework (NIRF) will soon introduce negative marking for several parameters, including retracted research papers and citation of tainted papers, according to officials. The tenth edition of the NIRF was announced by Union Education Minister Dharmendra Pradhan. Since its inception, the NIRF has never had negative weightage.

1:01 PM

Under White Revolution 2.0, over 75,000 dairy cooperatives will be set up: Amit Shah

Dairy is one of the fastest growing sectors in world, says Amit Shah in Rohtak.

12:47 PM

India's dairy sector grew by 70 pc in past 11 yrs, says Amit Shah in Rohtak

"In past 11 years, many changes took place in dairy sector, because of which our farmers have been empowered," says Amit Shah.

12:01 PM

BJP appoints Aditya Sahu its Jharkhand working president

The BJP on Friday appointed Rajya Sabha MP Aditya Sahu as working president of its Jharkhand state unit. A party statement said its national president J P Nadda has made the appointment, and Sahu will replace Ravindra Kumar Ray, a former MP who was given the charge in October last year ahead of the assembly polls in the state.

11:17 AM

Bomb threat email prompts overnight security sweep at Chennai airport

An anonymous email threatening a bomb blast reached the Chennai Airport Manager’s Office around midnight on Thursday. The message claimed that powerful explosives had been planted in garbage bins across the airport and would detonate. Alarmed by the threat, airport officials promptly informed the Chennai Airport Director, triggering an extensive overnight security sweep.

11:07 AM

Kolkata Police arrests 127 people, book 1,993 for traffic violations

Kolkata Police arrested 127 people for defying the law during the Durga Puja festivities, an officer said. A total of 127 people were arrested on Maha Nabami or Wednesday night for indecent behaviour, driving after consuming alcohol, reckless driving, the officer said on Thursday. Kolkata Police also booked 1,993 people for various traffic violations, such as riding without helmet, triple riding, he said.

10:56 AM

Karnataka govt's five guarantees delivered impactful, measurable change: Cong

Citing a study, the Congress on Friday said its government's five guarantees implemented in Karnataka over the past two years have delivered impactful change with families making long-term investments in their health and education as well as local economies becoming stronger. Congress General Secretary In-Charge Communications Jairam Ramesh also said that due to the guarantees of the Karnataka government women are healthier, more mobile, and empowered in the family and in society.

10:50 AM

India's capacity to absorb external shocks is strong: Finance Minister Nirmala Sitharaman

"The task before us is not only to manage global uncertainties, but also to confront trade and energy imbalances," says FM Sitharaman at the Kautilya Economic Conclave.

10:01 AM

Sonam Wangchuk's wife moves Supreme Court seeking release

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9:02 AM

Rajnath Singh to address Jain trade organisation meet in Hyderabad

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