INDIA AS A COUNTRY
Country not satisfied with lackadaisical approach, demands pro-activeness: Modi to trainee officers
Prime Minister Modi urged 2022 IAS officers to enhance governance and improve quality of life. Mentioning schemes like 'Lakhpati Didi', 'Drone Didi', and 'PM Awas Yojana', he emphasized a 'Nation First' approach. Modi advised focusing on the future, considering past accolades. During the interaction, officers shared experiences, focusing on social justice and reaching beneficiaries.
Software solutions provider Nemetschek Group eyes M&A opportunities in India
Nemetschek targets India to boost Asia-Pacific revenue (currently 10%), tackling digitisation issues with mergers. Key projects including NIP and the real estate market will utilize BIM tools. With 7 million users, MDAX listing, EUR 851.6 million revenue, and EUR 257.7 million EBITDA. Plans include 2025 market growth, local and educational collaborations, sustainability, project management, and startup investments.
Mashreq appoints HDFC Bank's Tushar Vikram as country head and CEO of India operations
Mashreq, the oldest publicly listed bank in the UAE, has appointed Tushar Vikram as its new country head and CEO of India, starting June 2024. Vikram will lead the bank’s operations in India, focusing on strategic growth. He previously served as the group head of investment banking for HDFC Bank and spent 27 years with Citibank in various roles. Tarek El Nahas, group head of international banking at Mashreq, highlighted Vikram's extensive experience and successful track record in financial management.
Indian medical students now prefer Russia over China and Ukraine
Indian medical students prefer Russia over China and Ukraine for security, visa ease, and English studies. Dr. Ashok Patel notes student satisfaction. Ambassador Alipov seeks mutual degree recognition. PM Modi's July 8-9 annual summits with President Putin aim to improve trade and relations, impacting future prospects.
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.
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.
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.
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.
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.
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.
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