Page 72 - India

Delhi Metro services to start early on I-Day, no parking at stations

Delhi Metro services will begin early on August 15 to facilitate passengers attending the Independence Day celebrations at the Red Fort, officials said on Saturday. Besides, parking facilities will not be available at all the Delhi Metro stations from 6 am on Monday till 2 pm on Tuesday in view of the security measures taken for the 77th Independence Day celebrations, the Delhi Metro Rail Corporation (DMRC) said in a statement. However, the Metro train services will run as per the normal schedule on Monday, the DMRC officials said. "To facilitate the passengers to attend the Independence Day ceremony on 15th August, the Delhi Metro train services on all Lines will start from 5 am from all terminal stations," the DMRC statement said. The trains will run with a frequency of 30 minutes on all the metro lines till 6 am, after which the trains will run as per the normal timetable throughout the day, it added. The Lal Quila metro station is located on the Violet Line of the Delhi Metro,

India stands at cusp of a maritime revolution, says Sarbananda Sonowal

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal has stressed unlocking the vast potential of India's maritime sector, saying the country's strategic location and commitment to sustainable practices present unparalleled opportunities. Hosting foreign heads of missions and officials here on Friday evening, Sonowal underlined that India stands at the cusp of a maritime revolution. The event was organised ahead of the Global Maritime India Summit 2023, scheduled to be held in Delhi on October 17-19. Sonowal stressed unlocking investment opportunities in India's maritime sector. "India stands at the cusp of a maritime revolution. Our strategic location, technological advancements and commitment to sustainable practices present unparalleled opportunities. Countries partnering with India in this sector will contribute to global growth and be part of a responsible and progressive maritime future," he said. The minister also shared his vision for environment-friendly ...

Vital medicines' import from India allowed: Pak's drug regulatory authority

Cash-strapped Pakistan's drugs regulatory watchdog has said that hospitals and common citizens can import vital medicines, including anti-cancer drugs and vaccines, from India for their use, a media report said on Friday. The Drug Regulatory Authority of Pakistan (DRAP) said on Thursday that there was no restriction on hospitals or the common man on importing vital medicines (anti-cancer drugs and vaccines) from India for their own use under the Import Policy Order 2022 after obtaining no objection certificate (NOC) from the authority, The News International newspaper reported. The statement of the DRAP officials came during a session of the Senate Standing Committee on Health when Senator Professor Mehr Taj Roghani raised the issue of the unavailability of several essential medicines in the country amidst a financial crisis. In view of (the) unavailability of some essential medicines in Pakistan, common people and hospitals can apply for a NOC to directly import medicines from Indi

World Bank mulling local currency lending in countries like India: Official

The World Bank is mulling local currency lending in countries like India to help borrowers save on costs, a senior official said on Friday. "How do we do local currency lending for a country like India is also something we are trying to think of at a price which is advantageous to this country," Anshula Kant, the Managing Director and Chief Financial Officer of the World Bank, said. Speaking at the event on global economy organised by the Ministry of Finance and the Reserve Bank of India (RBI) as part of India's G-20 presidency, Kant said the Indian government has a "huge advantage" in local currency borrowing as compared to the World Bank, even though the Washington DC-based multilateral bank is rated AAA. In some countries like the ones in Africa, which do not possess market infrastructure from where the bank can borrow, the bank may not adopt the local currency lending strategy, Kant said. At the event, Chief Economic Advisor to the Government of India V Anantha Nageswaran said

India seeks consensus in G20 for faster extradition of economic offenders

India is seeking a consensus among G20 nations against fugitive economic offenders to ensure their faster extradition and asset recovery, Union Minister Jitendra Singh said here on Friday. Ahead of the crucial G20 anti-corruption ministerial meeting in Kolkata on Saturday, he said economic offences have been a problem faced by many, especially when offenders flee the country's jurisdiction. "All countries are on the same page as far extradition of fugitive economic offenders and recovery of assets are concerned. But different laws of the member states pose a problem in this regard," said Singh, the Union Minister of State for Personnel. He said a consensus is already in the offing for collective and joint action to deal with this menace and deployment of sophisticated technologies is also being explored. "India is seeking consensus among G20 nations against fugitive economic offenders to ensure faster extradition of fugitive economic offenders and recovery of assets, both domestica

Improved capacity, reduced turnaround time: India's ports mean business

Major ports have added more than 100 million tonnes in additional traffic since 2014-15

GBA: India reaching out to non-G20 members before September summit

Russia, Saudi Arabia and China not convinced about joining multilateral initiative

Audi India begins bookings for new Q8 e-tron, Q8 Sportback e-tron

German luxury carmaker Audi on Thursday said it has commenced bookings for the new Q8 e-tron and Q8 Sportback e-tron in India. The newest addition to the electric range, the Q8 e-tron and Q8 Sportback e-tron feature a new design language, features, increased battery capacity, driving range and improved driving dynamics. Available in two body types -- SUV and Sportback, the model comes with a range of up to 600kms on a single charge. "We are just a few days away from the launch of the Q8 e-tron and Q8 Sportback e-tron our newest electric vehicles. These cars were launched globally only a few months ago and we could not be more excited to bring these to India within the same global cycle," Audi India Head Balbir Singh Dhillon said in a statement. The company is bringing the very best for customers -- a new design, increased battery capacity, enhanced range that is best-in-segment and a lot more features, he added. The new Q8 e-tron and Q8 Sportback e-tron can be booked with an init

Manipur tribal students stage rally to observe 100 days of ethnic clashes

The Joint Students' Body comprising the Zomi Students' Federation (ZSF), Kuki Students' Organisation (KSO) and Hmar Students' Association (HSA) on Thursday organised a rally in Manipur's Churachandpur town to observe 100 days of ethnic strife in the state. Eyewitnesses said the students appreciated the resistance put up by the village defence guards to prevent violence. "The day was observed to pay tributes to the tribals who fought the attackers. The Kuki-Zo tribals will not rest till their demands are met and a separate administration formed, a member of the JSF said. He said the demand for separate administration dates back to the 1960s and the tribals "are not illegal immigrants as claimed by some politicians." The students' body said a one-minute silence was also observed as a mark of respect to the tribals who were killed in the ethnic strife. On July 27, the body had submitted a memorandum to Governor Anusuiya Uikey seeking necessary measures for Kuki-Zomi University studen

India extends support worth $246,852 to boost flood resilience in Suriname

The support extended by the India-UN Development Partnership Fund is in direct response to a request from the Government of Suriname, as part of their efforts to enhance resilience against flooding

Maruti to issue preferential equity shares to Suzuki to buy Gujarat plant

MSIL has a cash balance of about Rs 46,000 crore, so certain proxy advisory firms were expecting a cash deal instead of a share swap deal

India seen as bright spot as China's gloom weighs on steel demand

"India is, I think, the shining light on the horizon," Thompson said. That marks a contrast with China, where the impact of recent stimulus measures are struggling to gain traction, he said

License to lease: How WTO provision became tool for nations to curb imports

While a WTO challenge to India's import curbs on laptops, tablets and personal computers may not happen anytime soon, how it implements the notification will be under close scrutiny

Taiwan is and will be India's most trusted partner, says Foxconn CEO

The world's largest electronics maker is keen to show that its India plans are on track. That is understandable because Foxconn needs India as much as India needs Foxconn

Quest Global plans to double India headcount to 20,000 in next 3-5 years

Quest Global is also betting on semiconductor chip design and fabrication machinery

Canada to ensure safety of diplomats post threats to Indian officials: Govt

Canada's public safety department has said it is working to ensure the safety and security of all diplomatic representatives in the country following the circulation of an online video in connection with threats against Indian diplomats, underlining that there is no place in the country for the "incitement of violence." The statement by Public Safety Canada came nearly a month after the circulation of Khalistani posters online which named Indian officials. External Affairs Minister S Jaishankar had said India had asked its partner countries such as Canada, the UK and the US not to give space to "extremist Khalistani ideology" as it is "not good" for relations. "There is no place in Canada for the incitement of violence. Law enforcement has been engaged following the circulation of an online video in relation to threats against Indian diplomatic officials," Public Safety Canada said on platform X, formerly known as Twitter. "Canadian law enforcement and the Government continue to wor

Climate change could downgrade India's credit rating, study finds

India's sovereign credit rating could be downgraded due to the impact of climate change and the rise in temperature volatility by as early as the 2030s, according to a study. The team, led by researchers at the University of East Anglia (UEA) and the University of Cambridge, UK, found that deferring green investments will increase costs of borrowing for nations, which will translate into higher costs of corporate debt. The study, published on Monday in the journal Management Science, is the first to anchor climate science within real world financial indicators. It suggests that 59 nations will experience a drop in sovereign credit rating in the next decade without emissions reduction. Sovereign ratings assess the creditworthiness of countries and are a key gauge for investors. Covering more than USD 66 trillion in sovereign debt, the ratings and agencies behind them act as gatekeepers to global capital. The researchers used artificial intelligence (AI) to simulate the economic ..

Rajasthan cabinet approves creation of 19 new districts, three divisions

The Rajasthan government stated that smaller districts had better governance, service, and law & order

China or India? Where should investors put their money in coming Asia boom

Goldman Sachs Group Inc. analysts expect India's share of global equity market capitalisation to quadruple between now and 2075-reaching 12 per cent, when it will be neck and neck with China's

Statsguru: Six charts explain expansion in India's services trade

An analysis of global numbers suggests that other commercial services dominate services trade globally