CROSS COUNTRY
India's telecom equipment manufacturing sales cross Rs 50,000 cr under PLI scheme
Under the Production Linked Incentive (PLI) scheme, India's telecom equipment sales have surpassed Rs 50,000 crore, reflecting successful government efforts to boost domestic manufacturing and reduce import dependency. This achievement has created over 17,800 direct jobs and positioned India as a global hub for telecom equipment production, driving economic growth and self-reliance.
Don't slip up on oil payment imbalance
To address the trade imbalance from India's Ural crude purchases, they consider local currency, yuan, and cross-border investments. Western sanctions, tighter ties with Moscow, and Beijing's concerns complicate matters. Europe reducing Russian gas imports offers India leverage for overland trade via Iran and maritime routes through Chinese ports, advancing its strategic interests.
EAM Jaishankar on Astana declaration: SCO’s tough terror stance a win for India
During the New Delhi SCO summit last year, one of the two joint statements adopted had been on Countering Radicalisation leading to Terrorism, Separatism and Extremism. Kazakhstan, during its chairmanship, carried forward the spirit of that statement, said Jaishankar, who was on a three-day visit to the Central Asian country.
RBI, ASEAN countries to create instant cross-border retail payments platform
The Reserve Bank of India and ASEAN nations are collaborating on "Project Nexus," aimed at establishing a platform for instant cross-border retail payments by linking fast payment systems. India joins Malaysia, Philippines, Singapore, and Thailand as founding members, with plans to expand globally by 2026, enhancing efficiency and reducing costs in international transactions.
India, four SE Asia countries plan instant retail cross-border payments
Five central banks from India, Malaysia, Thailand, Singapore, and the Philippines collaborate on Project Nexus, a cross-border retail payments platform set to launch by 2026, facilitated by the Bank for International Settlements (BIS). Nexus will integrate digital payment systems like India’s UPI and Singapore’s PayNow, potentially linking 1.7 billion people globally.
Over 13000 Afghani migrants return from Pakistan, Iraq
Some deported migrants alleged that despite possessing valid residency documents, they were detained by police and were forcibly returned to Afghanistan. Many Afghan migrants have documented instances of mistreatment by Iranian police in their camps.
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Avalara's strategy to expand in India aligns well with the country's export ambitions: Anil Paranjape
By leveraging technology, Avalara says businesses can focus on their core operations without being bogged down by the complexities of cross-border tax compliance.
Bangladesh PM Hasina plans 2nd India trip this month before PM's Dhaka visit
Bangladesh Prime Minister Sheikh Hasina is set to visit New Delhi for a summit meeting with Prime Minister Narendra Modi on June 21-22. The meeting is expected to focus on defence partnership, with both sides prioritizing cross-border connectivity initiatives, Indian investments in the Teesta special economic zone, Mongla port management, power trade, and a trade pact.
More than 180 terrorists killed in Pakistan special ops since April
Pakistan Security Forces have conducted over 7,500 operations since April, resulting in the elimination of 181 terrorists, including key commanders linked to banned outfits. These operations, spanning provinces like Khyber Pakhtunkhwa, Balochistan, and Sindh, have also thwarted Tehreek-e-Taliban Pakistan's (TTP) attempts to carry out subversive activities in urban areas. The report highlights successful operations in KPK, Balochistan, and Sindh, with specific mentions of 2,701 operations in KPK resulting in 61 terrorists killed, 4,902 operations in Balochistan with 12 terrorists eliminated, and 142 operations in Sindh province against militants.
Focus will be to resolve remaining issues along border: Jaishankar on India-China ties
After resuming his role as India's External Affairs Minister, S. Jaishankar emphasized the country's focus on resolving remaining border disputes with China amid ongoing tensions in eastern Ladakh. He also reiterated efforts to address cross-border terrorism from Pakistan. Jaishankar outlined "Bharat First" and "Vasudhaiva Kutumbakam" as core principles guiding India's foreign policy under the new administration.
Mizoram-Myanmar cross-border trade stopped after bridge destroyed by Myanmar Army
Border trade between Mizoram and Myanmar's Sagaing division is halted due to the destruction of a bridge over the Run River in the Teddim township area by the Myanmar Army personnel. The bridge connected Mizoram to Tahan town in Myanmar's Sagaing division.
Pakistan PM Shehbaz Sharif congratulates PM Modi on third term
Pakistan Prime Minister Shehbaz Sharif congratulated Prime Minister Narendra Modi on his oath-taking. This is Pakistan's first response to NDA's Lok Sabha election victory. Sharif's social media post extended felicitations to Modi for becoming Prime Minister of India. Modi, who secured a third consecutive term as Prime Minister, formed a government with the support of NDA.
New study warns of rising invasive alien species threat, urges immediate action
A recent study published in the journal Nature Ecology and Evolution has highlighted the urgent need to address the growing threat posed by invasive alien species (IAS) to global biodiversity. Led by researchers representing 101 organizations from 47 countries, the study emphasizes the increasing number of IAS introductions worldwide and their negative impacts on ecosystems.
RBI to boost rupee's internationalisation, liberalise norms for non-residents
The Reserve Bank of India (RBI) is intensifying efforts to internationalize the Indian Rupee (INR) by making regulatory changes for non-residents and enhancing the appeal of the GIFT City as an international financial center. The RBI plans to liberalize regulations related to INR accounts for non-residents and allow them to open rupee accounts outside India.
Israeli tanks advance into Rafah's centre despite global outcry
Israeli tanks advance to Rafah city centre, continuing the ground offensive in southern Gaza against Hamas militants, causing civilian casualties and global condemnation.
NIA conducts raids in multiple states, 5 held for human trafficking, cyber fraud
The NIA arrested five individuals in a human trafficking and cyber fraud syndicate after conducting extensive searches across Maharashtra, Uttar Pradesh, Bihar, Gujarat, Delhi, Haryana, Punjab, and Chandigarh. The accused were involved in luring and trafficking Indian youth to foreign countries under false promises of employment. Documents, digital devices, passports, and other incriminating materials were seized.
Lok Sabha elections: Border villages enjoy peaceful voting without fear of cross-border shelling
Voters near the Line of Control (LoC) in Jammu and Kashmir participate in Lok Sabha elections at Sehar and Makri polling stations without fear of cross-border shelling.
'He never used to talk about his Victoria Cross': Lt Gen Bhagat's daughter recalls his rich legacy
Lt Gen P S Bhagat, the first Indian officer to win the Victoria Cross, was remembered by Ashali Varma on his 49th death anniversary. Varma shared personal anecdotes of Bhagat as a loving father figure who downplayed his military achievements.
On National Day, Israel Prez Isaac Herzog commends PM Modi's support after Hamas attacks
Israeli President Isaac Herzog praised Prime Minister Narendra Modi for his support following the October 7 Hamas attacks. Speaking during Israel's National Day celebrations in New Delhi, Herzog highlighted the strong democratic values and robust bilateral ties between Israel and India. Modi's quick condemnation of the attacks was noted as standing "on the right side of history." Foreign Secretary Vinay Kwatra reaffirmed India's zero-tolerance approach to terrorism and celebrated the growing India-Israel partnership, emphasizing collaboration in various sectors and the enduring bond between the two nations.
'Mongoose': Filming begins. Know about release date, star cast, storyline of Liam Neeson starrer
'Mongoose' is all about a thrilling car chase between the police and an extraordinary Liam Neeson who plays the role of a former Special Forces soldier.
Israel tries to contain the fallout after some allies support ICC prosecutor's request for warrants
The International Criminal Court seeks arrest warrants for Israeli Prime Minister Benjamin Netanyahu, Defense Minister Yoav Gallant, and Hamas leaders Yahya Sinwar, Mohammed Deif, and Ismail Haniyeh, supported by France, Belgium, and Slovenia for alleged war crimes and crimes against humanity in Gaza and Israel.
Airstrike kills 27 in central Gaza and fighting rages as Israel's leaders are increasingly divided
Prime Minister Benjamin Netanyahu faces criticism from the two other members of his War Cabinet, with his main political rival, Benny Gantz, threatening to leave the government if a plan is not created by June 8 that includes an international administration for postwar Gaza.
"People will treat them like normal if..." S Jaishankar condemns Pakistan's terror industry
External Affairs Minister S Jaishankar criticized Pakistan for its persistent sponsorship of terrorism, asserting that normal relations would ensue if Pakistan ceased its support for terrorism. He highlighted India's firm stance against cross-border terrorism since 2014, emphasizing a low tolerance for such activities and the consequences faced by perpetrators. Jaishankar also discussed India's strained relations with Pakistan post-2019 and the complexities of dealing with China, particularly concerning border disturbances.
Israel's Rafah offensive heightens strain on Egypt ties
Egypt has formally accused Israel of genocide and hardened its stance over the Gaza conflict, reflecting public anger. Both countries blamed each other for the closure of the crucial Rafah border crossing. Despite harsh rhetoric, analysts see no threat to the 1979 peace treaty between the U.S. allies. Egypt's support for an international case against Israel marks a significant shift, although largely symbolic, aimed at addressing domestic discontent. Diplomatic relations remain tense but stable.
As Israel pushes deeper into Rafah, Hamas regroups elsewhere in ungoverned Gaza
Israeli forces battle Palestinian militants in Gaza, risking Egypt peace treaty. Heavy bombardment reported in Jabaliya and Zeitoun. Civilians flee to Khan Younis and Mawasi. Lack of a postwar governance plan in Gaza.
India offers support for Bangladesh's Teesta reservoir project: Foreign Minister Hassan Mahmud
India has offered its support to construct a reservoir on the cross-border Teesta River in Bangladesh, Foreign Minister Hassan Mahmud said on Thursday, after visiting Foreign Secretary Vinay Mohan Kwatra met him and called on Prime Minister Sheikh Hasina.
Brazilian payment company Ebanx set to start India operations with Yes Bank
Ebanx helps nearly 300 brands process payments in multiple countries across Latin America and Africa. It now wants to enter India, which will be its first market in Asia. It will offer payments infrastructure for global brands looking to sell to Indian consumers, who can use Ebanx to pay through the local currency and by using local payment methods.
Five of six missing skiers found dead in Switzerland, police say
The skiers, five of them members of the same family, went missing around Tete Blanche mountain on Saturday on the Zermatt-Arolla path, near the Matterhorn mountain that straddles the border between Switzerland and Italy.
Bangladesh, Nepal, Lanka back India call to reduce cost of remittances
Negotiations to arrive at a package at the ongoing 13th ministerial conference of the WTO entered the fourth day. "There is widespread agreement for our proposal. Only the EU and US are blocking it," said an official.This assumes significance as the global average cost for digital remittances at 4.84% is significantly lower than the cost for non-digital remittances and that out of total remittances of $860 billion in 2023, around 78% or $669 billion went to low and middle income countries.
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