Page 168 - India

Why FATF removing Pakistan from 'grey list' has miffed India so much

FATF started out with 16 developed countries as members and added 12 by 1992. It has since expanded to the current list of 39 members

India's inflation numbers may be lower than official data suggests: Report

India's inflation numbers might be better than official data suggests once the massive impact of a government food program is factored in, according to a report released Monday

Enemies trying to break India's unity, we need to stand firm: PM Modi

Prime Minister Narendra Modi on Monday said said that enemies were trying to break India's unity and the country should stand firm against any such attempts. After paying tributes to Sardar Vallabhbhai Patel at Kevadia in Gujarat on his birth anniversary, Modi remembered those who died in Sunday's Morbi bridge collapse incident and got emotional. I am in Kevadia, but my heart goes out to those who died in the Morbi Bridge collapse tragedy, he said. At least 132 people died after the suspension bridge collapsed in Gujarat's Morbi city on Sunday evening. Patel's birth anniversary is observed as the Rashtriya Ekta Diwas or National Unity Day. Modi said for India, its unity has never been a necessity, but has been its uniqueness. This unity of our country has been eyesore for our enemies. Not just today, but from thousands of years and even during the period of our slavery, all foreign attackers did whatever they wanted to do to break this unity, he said. "The poison that was spread

Expanding India's global stamp: FTAs are the way to go if gaps are plugged

The complexities of rule of origins may end up distorting trade instead of fostering it

India likely to start free trade pact negotiations with GCC next month

India and the Gulf Cooperation Council (GCC) member countries are expected to start negotiations for a free trade agreement next month with an aim to boost economic ties between the two regions, an official said. GCC is a union of six countries in the Gulf region -- Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain. "Terms of reference for the agreement are being finalised and we expect to launch the negotiations next month," the official said. India has already implemented a free trade pact with the UAE in May this year. According to experts, the GCC region holds huge trade potential and a trade agreement would help in further boosting India's exports to that market. Rakesh Mohan Joshi, Director, Indian Institute of Plantation Management, Bangalore, said the GCC market is unexploited by domestic exporters and it holds huge potential. "GCC is a major import dependent region. We can increase our exports of food items, clothing and several other goods. Duty concessions under a tra

India condemns Somalia bombings, asks world to unite against terrorism

India on Sunday strongly condemned the terrorist attacks in Somalia's capital Mogadishu that left at least 100 people dead and urged the international community to stand united and resolute in combating terrorism in all forms and manifestations. "India strongly condemns the terrorist attacks in Mogadishu on October 29 that have claimed many innocent lives," an External Affairs Ministry statement said. "We extend our heartfelt condolences to the families of the victims and wish speedy recovery to those injured in the twin blasts," it said. "This attack again reminds the international community to stand united and resolute in combating terrorism in all its forms and manifestations, as it remains one of the gravest threats to international peace and security," the statement said. At least 100 people were killed in Saturday's two car bombings at a busy junction in Mogadishu, Somalia's President Hassan Sheikh Mohamud said, expressing fear that the toll could rise. Somalia's government

Key Indian auto executives don't understand compliance obligations: Report

Key management personnel in Indian automobile companies have a poor understanding of compliance obligations that can range from several hundred acts to thousands of rules depending on the size of the business, according to a report by TeamLease Regtech. A small automobile manufacturing company operating in a single state in India deals with at least 900 one-time and ongoing compliances in a year. As the company grows its geographical footprint, the number of compliances multiply. In its report 'Simplifying compliance management for automobile industry', TeamLease RegTech, a regulatory technology solutions firm, said with applicability of compliances changing based on location of manufacturing units, use of specific equipment and end-products, most organisations in India find it really challenging to track adherence to the mandatory requirements. "...it was discovered that the KMPs (key management personnel) in Indian automobile companies have a poor understanding of compliance ...

India has more unemployed and also world's richest people:Rahul Gandhi

India has the rare distinction of having the highest number of unemployed people and also world's richest persons, Congress leader Rahul Gandhi said on Saturday. Addressing a gathering in Mahabubnagar District as part of his 'Bharat Jodo Yatra' at Jadcherla, Gandhi said if Congress comes to power in Telangana, whatever GST being paid by the weavers on handloom products will be reimbursed. Today in India there are the highest number of unemployed people compared to the last 35 years. Also India has the world's richest people. Whatever they (Rich people) want they can do. Here the chief minister ( K Chandrasekhar Rao) and there ( Prime Minister Narendra Modi) Modi fully support them. These are not political parties but businesses, Gandhi said. He said he met a mechanical engineering student during his march who now became a delivery boy as the Telangana government allegedly did not reimburse his college fee. Slamming BJP at the Centre and TRS in the State, he alleged that whate

Translucia, Sunovatech India partners to build metaverse, talent ecosystem

Translucia, the metaverse developer subsidiary of T&B Media Global (Thailand), and Sunovatech India, an immersive and extended reality company, on Friday announced a series of initiatives to build a metaverse and talent ecosystem.

Xiaomi shuts financial services in India to focus on core business services

Xiaomi India said it will continue to bring the latest technology and innovation for all with "our products and services in the future"

Some Indians hail Elon Musk's Twitter takeover; others sound caution

With billionaire Elon Musk closing the deal to buy Twitter and firing the social media firm's four top executives, twitterati in India on Friday seemed divided with many who were vocal against content moderation on the platform hailing the development while others sounding a note of caution. Musk has completed his USD 44 billion (one billion=100 crore) takeover of Twitter and fired the social media company's four top executives, including CEO Parag Agrawal and legal executive Vijaya Gadde, according to the New York Times. Musk singled out Gadde, 48, criticising her for her role in content moderation decisions at the company, the report said. "The bird is freed," Musk, 51, tweeted after closing the deal. Reacting to the development, filmmaker Ashoke Pandit tweeted, "While wickets are falling in Twitter after Elon Musk takes over Urban Naxals in India must be worried." Another filmmaker Vivek Agnihotri posted a picture of Gadde with Twitter's ex-CEO Jack Dorsey, holding a placard sa

Three students from India killed in road accident in Massachusetts

In a tragic incident, three students from India died in a road accident after the car they were travelling in collided with another vehicle in western Massachusetts. Prem Kumar Reddy Goda, 27, Pavani Gullapally 22 and Sai Narasimha Patamsetti 22, died on scene of the collision, Berkshire District Attorney's Office said in a statement on Thursday. Massachusetts state and local police are investigating the two-vehicle motor vehicle collision that killed the three students and hospitalised five other people. At approximately 5:30 am, a northbound car and a southbound vehicle collided. Four other occupants in the car 23-year-old Manoj Reddy Donda, 22-year-old Sridhar Reddy Chinthakunta, 23-year-old Vijith Reddy Gummala, and 22-year-old Hima Ishwarya Siddireddy, were transported to Berkshire Medical Center for treatment. Law enforcement authorities identified the occupants of the car as international college students, six studying at the University of New Haven and one at Sacred Heart .

Commonwealth Secretary General welcomes India's offer to share UPI tech

Commonwealth Secretary General Patricia Scotland has welcomed India's offer to share its path-breaking Unified Payments Interface (UPI) technology with other members of the Commonwealth of Nations, hailing the move as potentially transformational. UPI is an instant real-time payment system which facilitates inter-bank peer-to-peer (P2P) transactions. The transaction is done through mobile in easy steps. Besides, there are no charges applicable for the UPI transaction so far. Moreover, it has played a key role in the country making a transition to a cashless economy. The inexpensive medium for cashless transactions has been gaining traction month-on-month basis. Payment through UPI has crossed a milestone of Rs 11 lakh crore in September, as per the data released by National Payments Corporation of India. An offer was made by India at the Commonwealth Bank of Governors meeting on October 12. This generosity is very welcome, Scotland told PTI in an interview. India's willingness t

India can accelerate green investments to $12.1 trillion by 2050

India can accelerate green investments to USD 12.1 trillion by 2050 and reap a host of benefits, a consultancy firm said on Thursday. With the ongoing rate, India's net Green House Gas (GHG) emissions will rise to 11.8 gigatons of carbon dioxide equivalent by 2070 from the 2.9 gigatons in 2019, Mckinsey & Co said in a report. However, India has the potential to create 287 gigatons of carbon space for the world if it accelerates its efforts to fight climate change, the report said, adding that this amounts to almost half of the global carbon budget for an even chance at limiting warming to 1.5 degree celsius. "India's decarbonisation will require an estimated USD 12.1 trillion (5.9 per cent of GDP) of green investments until 2050 for the 'accelerated' scenario," it said. India has committed to net zero emissions by 2070. As per earlier estimates, the shift to net zero by 2070 will require USD 10 trillion worth investments. Mckinsey said there are tailwinds which would be of help to

Shiprocket becomes first inter-city logistics provider to join ONDC network

Company will enable sellers to select delivery partners to ship products across India

India likely to see biggest jump in energy demand globally, says IEA

India is likely to see the world's biggest rise in energy demand this decade, with demand climbing 3 per cent annually due to urbanisation and industrialisation, the International Energy Agency (IEA) said in its World Energy Outlook released on Thursday. While the push for renewable energy will see it meeting as much as 60 per cent of the growth in demand for power, coal will continue to meet a third of overall energy demand by 2030 and another quarter will be met by oil. "India becomes the world's most populous country by 2025 and, combined with the twin forces of urbanisation and industrialisation, this underpins rapid growth in energy demand, which rises by more than 3 per cent per year in the Stated Policies Scenario (STEPS) from 2021 to 2030," IEA said. "It sees the largest increase in energy demand of any country." Even though India continues to make great strides with renewables deployment and efficiency policies, the sheer scale of its development means that the combined ...

Need for Indian model of localisation to achieve SDGs 2030: NITI Aayog V-C

NITI Aayog Vice-chairman Suman Bery emphasised the need for the Indian model of localisation to achieve Social Development Goals (SDGs) 2030 set by the United Nations. No poverty, zero hunger, good health and well-being, quality education, gender equality, clean water and sanitation and affordable and clean energy are among the 17 SDGs. Bery said the Indian model of SDG localisation has four pillars: creating institutional ownership, establishing a robust review and monitoring system, developing capacities for integrating SDGs in planning and monitoring and promoting a "whole society approach". Speaking at the ninth Dr Verghese Kurien Memorial Oration at XLRI, Jamshedpur, he said, "In 2015, before the world became divided as it is now due to the Russia-Ukraine war, the world community came together to formulate a shared view of the future of our planet to make it a better place to live in." SDGs were formulated in 2015. Hailing students as the future leaders of India, he asked the

Satellite communications to play key role in India's tech ambitions: MoS IT

Satellite communications is emerging as an important part of India's ambitions to scale up quality internet access across the country, Minister of State for IT Rajeev Chandrasekhar said on Thursday. For the digital economy and India's growing clout in global technology landscape, satellite communications holds significant relevance, the minister said speaking at India Space Congress 2022. "Our goal...is by 2025-26 to have 1.2 billion Indians have the ability to connect to the internet directly through their device, and...role of satellite communications and space segment is an inherent part of this," Chandrasekhar said. At times, wireless technology may have limitations and "satellite is clearly emerging as an important part of the blueprint of delivering quality internet to all citizens and enterprises of India," he said. Satellite and space, therefore, will be important in the overall mission to ensure delivery of internet and goal of connecting people to the digital ...

Facebook announces 2022 Community Accelerator participants in India

Four-month programme provides selected community leaders of Facebook groups with training, mentorship and funding

Turkey assisted Pakistan in setting up secret cyber-army against US, India

Turkey has secretly helped Pakistan in setting up a cyber-army camouflaged under the bilateral agreement which was used for domestic political goals as well as directed to attack the US and India