INDIA AS A COUNTRY
India's goal to become high-income country by 2047 unlikely to be achieved: Financial Times expert
At the CUTS event, Martin Wolf indicated PM Modi's goal of India becoming a high-income economy by 2047 is unlikely, but it can achieve upper middle-income status. Amid a fragile world, India, a developing nation, could become a superpower by leveraging global opportunities, enhancing HDI, attracting foreign direct investment, and positioning as a 'China plus one' alternative, he said.
India among most active countries for Meta's Threads
Meta's Threads boasts 175 million users, with India leading. Mark Zuckerberg highlights its impact. Cricket, like IPL, T20 World Cup, is popular, with 200 creators and players such as Rishabh Pant, Ravindra Jadeja, and Suresh Raina. Launched in July 2023, it gained 100 million sign-ups in a week. Other topics include film, TV, and OTT.
Aerospike appoints Venkatesh Guntur as country manager for Southeast Asia
California-based Aerospike has appointed Venkatesh Guntur as its new country manager for Southeast Asia. Guntur, with over 25 years in enterprise IT sales, will lead the firm's growth and expansion in the ASEAN region, focusing on enhancing its presence in AI-centric business applications.
India in talks with African and Latin American countries for critical mineral blocks, says official
"We are having lots of discussions with many other resource-rich countries both in Africa as well as in Latin America for getting a block on a G2G basis or on a priority basis", the joint secretary said.
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.
- Go To Page 1
MNCs in India fret as US yet to ratify global tax deal
Tax experts say the international tax treaty, which Republicans strongly oppose and requires a two-thirds majority in the US Senate to pass, faces significant challenges. Without US ratification, meeting the OECD tax deal's implementation conditions to reshape the global tax system becomes extremely difficult. The international tax treaty's implementation needs acceptance by 30 jurisdictions and the inclusion of the headquarters jurisdictions of at least 60% of the most profitable multinationals; given that many of these businesses are located in the United States, US participation is critical to attaining this level.
India's monsoon overcomes delay, set to cover country on time
Summer rains, critical for economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8, allowing farmers to plant crops such as rice, cotton, soybeans, and sugarcane.
India to enter into bilateral Rupee swap agreements with SAARC countries: RBI
The Reserve Bank of India, in collaboration with the Indian government, has unveiled a revised framework on currency swap arrangements with South Asian Association for Regional Cooperation (SAARC) countries for the period spanning 2024 to 2027.SAARC comprises Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
Who owns Alexander the Great? It's a diplomatic minefield.
Skopje, the capital of North Macedonia, is embroiled in controversies over statues of historical figures like Alexander the Great. The city's attempts to build a national identity through history have faced backlash from neighboring countries, highlighting the complexities of its historical connections.
How the Gulf became integral part of India's 'extended neighbourhood' under PM Modi
Earlier, the relationship was focused only on energy, trade and Indian expatriates. That relationship has now evolved into a new framework encompassing political relations, investment, and defence and security cooperation.
Plan to double market share in country: Volvo CE India MD
Volvo CE India aims to double its market share in India's CE sector, currently at 6.5%. Managing Director Dimitrov Krishnan plans to achieve this growth by leveraging the fast-growing infrastructure development in the country.
Air India to start own flying school, in a first in country
In preparation for an anticipated pilot shortage, Air India plans to establish a school in Amravati, Maharashtra, aimed at training up to 180 pilots annually. Prospective pilots without prior flying experience can enroll in the full-time academy, offering them a clear path to eventually join Air India's cockpit upon completing subsequent stages of training.
India becomes the biggest source country for doctors in the US
India is the top source of immigrant doctors and the second-largest source of registered nurses in the US, as per a report by Remitly. Immigrants make up 18% of the US healthcare workforce, with Indians constituting 7%.
Hyundai unit files for India IPO that could be country's biggest
India's second-biggest car maker behind Maruti Suzuki, Hyundai will not issue new shares in the IPO which will involve its South Korean parent selling part of its stake in the wholly owned unit to retail and other investors via a so-called "offer for sale" route.
Suspected PFI members conspired to transform India into Islamic country: HC while denying bail
The bench said the accused persons participated in spreading hatred against the state and pushing anti-national agenda through various means of propaganda. The accused persons shared a document on social media groups titled 'Vision - 2047', it noted.
Leaders from Maldives, Mauritius, Sri Lanka and more arrive in Delhi for Modi's oath ceremony; Check full list
Dignitaries from various neighbouring nations have converged in Delhi to witness the swearing-in ceremony of Prime Minister-designate Narendra Modi. Among them are prominent figures like Maldives President Mohamed Muizzu, Mauritius Prime Minister Pravind Kumar Jugnauth, and Sri Lankan President Ranil Wickremesinghe, signalling the regional significance of the event.
Will keep working as BJP worker: Outgoing Union minister Anurag Thakur
Outgoing Union Minister Anurag Thakur, not included in the new BJP-led NDA government's ministerial list, vowed to continue working as a BJP member and support PM Modi's vision for India's development. Reelected to the Lok Sabha from Hamirpur, Thakur expressed confidence in Modi's leadership to drive India's progress.
I have not been invited to the swearing-in, so I'll be watching the India vs Pakistan match: Shashi Tharoor
Congress leader Shashi Tharoor mentioned that he had not been invited for Narendra Modi's swearing-in ceremony on June 9. He said that he had opted to watch the India vs Pakistan match instead. Tharoor approved of the tradition of inviting neighboring countries but highlighted the absence of an invitation to the Pakistan's prime minister. He also discussed Maldives President Mohamed Muizzu's attendance, hoping for productive discussions during the event to address mutual interests.
From Sheikh Hasina to Wickremesingh: Check full list of global leaders that will attend Modi's oath ceremony
Narendra Modi Oath Ceremony: The people cited above said top leaders of Bangladesh, Sri Lanka, Bhutan, Nepal and Mauritius are likely to be among the foreign leaders to be invited for Modi's oath-taking ceremony. The media division of Sri Lankan President Ranil Wickremesinghe's office said Modi invited him to the swearing-in ceremony. It said Wickremesinghe accepted the invite.
India to drag Australia to WTO arbitration on services trade commitments
India has taken Australia to arbitration at the WTO over changes to services commitments, impacting trade. The new regulations aim to lower global trade costs by $125 billion.
EU carbon tariff: India preps for a fight at WTO
India is considering challenging the European Union's Carbon Border Adjustment Mechanism (CBAM) at the World Trade Organization, which mandates non-EU steel producers to report emissions, impacting sectors like iron and steel, cement, and more.
National Strategic Policy doesn't have to be written down: CDS Gen Chauhan
Chief of Defence Staff General Anil Chauhan argued that India lacks a written national strategic policy, stating that it consists of policy, processes, and practices to succeed. He cited the successful combating of COVID-19 in a country of 1.4 billion people as evidence. Chauhan argued that a written document is not enough to achieve goals, and compared the situation to Israel, which has a policy and follows it.
WIPO treaty a big win for India & global south: Commerce ministry
India and the Global South celebrate a significant win with the WIPO treaty on intellectual property, genetic resources, and traditional knowledge. The treaty introduces a new disclosure requirement for patent applicants based on genetic resources, providing added protection to Indian resources and knowledge in countries without disclosure obligations.
Infrastructural projects helping improve India's relationship with Africa: Indian corporate executive
Indian infrastructure projects in Africa have significantly enhanced ties between the two regions, according to S Kuppuswamy, a senior executive from the Shapoorji Pallonji group. He emphasized the importance of collaboration between Indian and US development finance institutions to ensure the swift execution of such projects and to counter China's influence in the region. Kuppuswamy highlighted the pride African nations take in Indian-built infrastructure, citing examples like Ghana's presidential palace.
With the inauguration of a state-of-the-art kitchen facility in Hyderabad, we aim to be one of the biggest pure food services players in the country, shares Rohit Sawhney, CEO, Elior India
Elior Group, led by CEO Daniel Derichebourg and Elior India CEO Rohit Sawhney, inaugurates a new kitchen facility in Hyderabad, focusing on growth and innovation in the Indian market.
Over a fifth of excess deaths linked to heatwaves over past 30 years occurred in India: Study
Heatwaves cause 1.53 lakh annual global deaths, impacting India, China, and Russia. The study emphasizes education, community engagement, and public health services to combat heatwave effects.
'400 paar' is becoming a reality and not just a mere slogan, says PM Modi
PM Modi prioritizes voter participation in Lok Sabha elections, highlighting key constituencies, countering opposition claims, and expressing confidence in surpassing 400 seats despite challenging conditions.
Nearly 75% of Indians believe that global corporations are a threat to democracy: Report
India is also ranked top among countries fearing that big tech companies like Google, Amazon and Meta threaten democracy.
Load More
