Page 29 - India

US, India play down Sikh murder plot with wider Asia strategy at risk

The US sees India as key to its strategy of countering China's growing assertiveness in Asia, one of its top global priorities

Top UN leaders, envoys hail India as champion of South-South cooperation

Top UN leaders and envoys have lauded India's "exemplary leadership" in addressing global challenges and for being a champion of South-South cooperation, as they highlighted the country's G20 Presidency and termed the enduring" partnership between India and the United Nations as a guidelight within the Global South. India assumed the year-long G20 Presidency in December last year and is all set to hand over the baton to Brazil. The Permanent Mission of India to the UN and the UN Office for South-South Cooperation (UNOSSC) organised a special event at the world body's headquarters here Wednesday to commemorate six years of collaborative partnership of the India-UN Development Partnership Fund. India has long been a champion of South-South cooperation and the global pursuit of the SDGs, bringing to life its philosophy of 'Vasudhaiva Kutumbakam' - the world as one interconnected family, UN Deputy Secretary-General Amina Mohammed said in her remarks at the event. Mohammed underscored t

Nestle says India, China are 'big focus' for growth of coffee market

"China is really a big focus, and India is a big focus," Navratil said

Walmart turns to India from China for cheaper imports as it cut costs

Only 60% of its shipments came from China during the same period, down from 80% in 2018, the same data shows. To be sure, China is still Walmart's biggest country for importing goods

India saw extreme weather events almost every day in 1st 9 months in 2023

India experienced extreme weather events almost every day in the first nine months of this year which led to nearly 3,000 deaths, according to a report released on Wednesday. Published by independent think tank Centre for Science and Environment (CSE), the report said the climate-vulnerable country had extreme weather on 86 per cent of days from January to September. The CSE said 2,923 people died, almost two million hectares of crops were ruined, 80,000 homes were destroyed and more than 92,000 animals were killed. But these numbers might be even higher because not all the data is collected, it said. "'India 2023: An assessment of extreme weather events' attempts to build an evidence base on the frequency and expanding geography of extreme weather events in the country. As this assessment clearly shows, what the country has witnessed so far in 2023 is the new 'abnormal' in a warming world," said the CSE director general Sunita Narain. Research indicates that extreme weather events

Zero-tolerance approach to terrorism: Kamboj reaffirms ties with Palestine

Kamboj further condemned the deaths of civilians and emphasised that that is clearly unacceptable

India to add $5 bn aircraft carrier to counter China's naval presence

The new carrier, which can hold at least 28 fighter jets and helicopters and displaces 45,000 tons of water - a measure of size for ships, will be flying the French Rafale jets

India's position on Gaza crisis 'remarkable' from day one: Israeli envoy

Israeli defence forces have completely destroyed Hamas's infrastructure in northern Gaza except the underground tunnels and the focus at the end of the current pause in fighting will be to clean up the southern part of the strip, Israeli Ambassador Naor Gilon said on Tuesday. In an interaction with a group of journalists, the envoy also described India's position on the Gaza crisis as "remarkable" from the day one and especially mentioned Prime Minister Narendra Modi's strong denunciation of Hamas's unprecedented terror attack on Israeli cities on October 7. Gilon said Israel banning Lashkar-e-Taiba as a terror group around 15 years after the Mumbai terror attack was a "gesture", asserting that both sides have been expanding anti-terror cooperation in the last few years. The Israeli ambassador said he was hopeful that India will designate Hamas as a terrorist entity and that his government has already provided New Delhi all the required information against the group. Days after the

'China slows, India grows': S&P pegs 7% GDP growth for India by 2026

India's GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China, S&P Global Ratings said on Tuesday. In a report titled 'China Slows India Grows', S&P said it expects Asia-Pacific's growth engine to shift from China to South and Southeast Asia. We project China's GDP growth to slow to 4.6 per cent in 2024 (2023: 5.4 per cent), edge up to 4.8 per cent in 2025, and return to 4.6 per cent in 2026. We see India reaching 7.0 per cent in 2026; Vietnam, 6.8 per cent (4.9 per cent); Philippines, 6.4 per cent (5.4 per cent); and Indonesia remaining steady at 5 per cent, S&P said. The US-based rating agency on Monday projected India's GDP to expand at 6.4 per cent in the current fiscal year and in the next. For 2025 it projected growth rate to rise to 6.9 per cent, followed by 7 per cent in 2026. S&P said with Asia-Pacific's central banks likely to keep interest rates high, the region's borrowers will see costlier debt servicing. Concurrently, a ...

Assets of those named by UNSC for terror funding to be frozen within 24 hrs

Financial sanctions against entities named by the United Nations Security Council (UNSC) for their links to terrorism and terror financing should be imposed "without delay" and within 24 hours under the UAPA and a law against use of weapons of mass destruction, the government has directed regulatory and probe agencies. The Financial Intelligence Unit (FIU), the federal agency tasked to detect money laundering and black money in the country's economic channels, has been made the nodal agency for identifying, notifying and initiating legal action against such entities under section 12A of The Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005, also known as the WMD Act. India, as per official records, enacted the law as per its commitment to the country specific efforts under UNSC resolution 1718 (2006) and 2231 (2015), and their successor resolutions, as mandated under section 2 of United Nations (Security Council) Act, 1947. The ...

India's subsidies may cost the govt Rs 50,000 cr more than its FY24 Budget

The subsidy outgo for FY24 was planned at Rs 4.03 trillion, but it could rise up to Rs 4.53 trillion

Sembcorp Industries to acquire 428 MW wind assets in India, China

Sembcorp Industries on Monday announced that it has signed two separate agreements to acquire 428 MW of wind power assets in China and India for 200 million Singaporean dollar (about Rs 1,247 crore). The Singaporean energy company, backed by state-owned investor Temasek Holdings Pte, will acquire 228 MW of operational wind power assets of Leap Green Energy Pvt Ltd for 70 million Singaporean dollar and 200 MW of Qinzhou Yuanneng for 130 million Singaporean dollar, the firm said in a statement. Sembcorp has been operating in India for more than 12 years, with a presence across 18 states. With this acquisition, the company now has a balanced portfolio of 3.7 GW of renewable assets, comprising 2.25 GW of wind and 1.45 GW of solar assets. Last year, it announced the acquisition of Vector Green to add 583 MW of renewable assets in India. "Sembcorp's wholly-owned subsidiary, Sembcorp Energy (Shanghai) Holding Co Ltd has signed an agreement with Envision Energy Co Ltd to acquire 100 per cen

India faces queries from WTO on PMGKAY extension and rice export ban

Countries, including the United States, European Union, Canada, Australia, Switzerland, and New Zealand, are seeking clarity on the expiry dates of India's export restrictions and duties

Vishwaguru in search of disciples

In trying to please everyone, India is seen as neither fish nor fowl. India must rethink whether it can claim leadership of Global South by supporting a perspective not very different from the West

Drug manufacturers in India benefit from Big Pharma interest beyond China

China has for nearly 20 years been the preferred location for a range of pharmaceutical research and manufacturing services due to the low cost and speed offered by contract drugmakers there

Indian exporters cautiously watching respiratory illness in China

Expressing concern over the current influenza situation in China, domestic exporters on Sunday said that they are cautiously watching the situation as any spread of the disease may again hurt global supply chains and impact world trade. They said that the present situation is not alarming but if the illness spreads to other parts of the globe, it will have an impact on world trade as China is a hub of global manufacturing and exports. The government on November 24 stated that India is prepared for any kind of exigency that may emerge from the current influenza situation in China and it is monitoring the outbreak of H9N2 and clusters of respiratory illness in children in that country. There is a low risk to India from the avian influenza, H9N2, cases reported in China as well as the clusters of respiratory illness, the Union health ministry has said. Some media reports indicated a clustering of cases of respiratory illness in children in northern China for which the World Health ...

India's space economy set to reach $40 bn by 2040, says Jitendra Singh

India's space economy is poised to reach USD 40 billion by 2040, and scientists will also enjoy a better working environment, Union Minister Jitendra Singh said here. The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even go up to USD 100 billion by 2040. "At present, our space economy is not very impressive, as we have just about USD 8 million. But we are moving in quantum jumps, and in the foreign satellite launch alone, we have earned about EUR 230240 million for launching European satellites and about USD 170-180 million for launching American satellites," Singh said. He was speaking to PTI after inaugurating the 60th-anniversary celebrations of ISRO's rocket launch here on Saturday. Singh said that with the establishment of the National Research Foundation, Anu Sandhan, a better model of similar foundations existing in US, a significant industry ...

Why Afghanistan has permanently shut its embassy in India

In a significant diplomatic development, the Embassy of Afghanistan in New Delhi announced the cessation of its operations, effective from 23rd November, 2023. Watch the video to know why Afghanistan

Qatar accepts India's appeal against death sentence to ex Navy officers

A Qatar court on Friday accepted the appeal filed by the Indian government against the death sentence given to eight former Indian Navy personnel last month. Watch the video to learn more.

India to assume chairmanship of global sugar industry body ISO for 2024

India will assume the chairmanship of the International Sugar Organisation (ISO), an apex body for sugar and related products, for 2024, the government said on Friday. India is the largest consumer and second largest producer of sugar in the world. "In its 63rd council meeting, ISO, headquartered in London, has announced India to be the chair of the organisation for 2024. This is a huge achievement for the country to lead the global sugar sector and is a reflection of growing stature of the country in this domain," the food ministry said in a statement. While attending the ISO Council Meeting, Union Food Secretary Sanjeev Chopra sought support and cooperation from all member countries during its period of chairmanship of ISO in 2024. The focus would be on bringing together all member countries to adopt more sustainable practices in sugarcane cultivation, sugar and ethanol production and better utilisation of by-products, he said. "With about 15 per cent share in global sugar ...