INDIAN FOREIGN SERVICE
Indians up their game on foreign vacations with luxury hotels, formula 1 drives and epic train rides
Indians are driving luxury travel in the Asia-Pacific region, with 89% of them planning to spend more in the next 12 months. This is according to a report released Monday by Marriott International on high networth travellers in the Asia Pacific.
Why Indian IT companies are moving into New Jersey
Top Indian IT companies are zeroing in on New Jersey as its hub, with their top executives and a majority of Indian-origin engineers who work in the US making the city their base. India is New Jersey’s second-largest foreign direct investor and a majority of New Jersey’s immigrant population hails from India.
Deputy NSA Vikram Misri named next Foreign Secretary
Vikram Misri, a 1989 IFS batch officer, appointed as Foreign Secretary from July 15, succeeding Vinay Mohan Kwatra. The Personnel Ministry, Appointments Committee of the Cabinet, and National Security Council Secretariat approved his appointment, following Vinay Mohan Kwatra's extension.
Rupee closes higher, outperforms most Asian peers in first half of 2024
RBI interventions and global economic factors propelled the rupee's resilience. The JPMorgan index inclusion and current account surplus contributed to the rupee's strength against the dollar amidst changing global market dynamics.
Gilts to shine brighter from tomorrow
JP Morgan will include 27 fully accessible Indian government bonds in its GBI-EM global index suite starting June 28, allowing global investors to deploy funds in these bonds.
Derivative products on Indian bonds see strong global demand
Overseas investors are flocking to Indian assets through a derivative product ahead of government bond inclusion in the JPMorgan index, accounting for 30% of $10 billion flows into local debt in nine months.
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UPSC CSE 2024: Exam day arrives for lakhs of aspiring officers; Here's all you need to know
The Union Public Service Commission (UPSC) will conduct the Civil Services (Preliminary) Examination 2024 on June 16 across various exam centres in India. This exam is the first of three stages in the selection process for officers of the Indian Administrative Service (IAS), Indian Foreign Service (IFS), Indian Police Service (IPS), among others. Several arrangements have been made for the smooth travel of candidates to exam centres, including special train and bus services. Candidates must follow key instructions, such as entering exam halls on time and using only a black ballpoint pen to fill the answer key.
As external affairs minister, Jaishankar crafted an assertive foreign policy approach
The 69-year-old Jaishankar, whose illustrious diplomatic career spanned four decades, on Sunday took oath as a member of Prime Minister Narendra Modi's Cabinet.
Hardeep Singh Puri, face of India's oil diplomacy, takes oath
Born in Delhi, the 1974 batch Indian Foreign Service (IFS) officer, Puri claims to be affiliated to ABVP - the students' body aligned to BJP, during his student days at Hindu College of the Delhi University (DU), where he received his bachelor and master's degrees in history.
FPIs take out Rs 14,800cr from equities in Jun on poll results, attractive Chinese stock valuations
Foreign investors withdrew nearly Rs 14,800 crore from domestic stocks in the first week of this month, influenced by India's Lok Sabha election results and attractive valuations of Chinese stocks.
FPIs net sellers of Indian equities at Rs 14,794 crore in June so far
Foreign portfolio investors were as unenthusiastic in June so far, as they were in April and May when they offloaded shares worth Rs 38,158 crore. Domestic institutional investors, however, continued to repose their faith in D-Street and remained on the buying side.
India's helicopters being flown with Maldives defence personnel onboard: media report
Weeks after India withdrew its military personnel from the Maldives, the two helicopters gifted by New Delhi are still operational, flown with a Maldives National Defence Force (MNDF) soldier on board. President Mohamed Muizzu, who pledged to remove Indian military presence, saw the repatriation of the last personnel by May 10. India replaced its military staff with civilians to continue operating the donated helicopters and Dornier aircraft, used for medical evacuations and humanitarian missions, maintaining defense ties despite local political changes.
FPIs take out Rs 25,586 cr from equities in May on poll jitters, attractive valuations in China
GDP growth numbers released on Friday painted a very optimistic picture. Q4FY24 GDP growth came in at 7.8 per cent surpassing the 6.7 per cent expectation, while the full-year FY24 growth stood at 8.2 per cent
India's Permanent Rep to UN Ruchira Kamboj signs off after almost four decades of service
Ruchira Kamboj, India's Permanent Representative to the United Nations, retired after a 35-year career. She was the first woman diplomat to hold this position and had a distinguished tenure in the Indian Foreign Service.
Fake job offers in India or abroad: How to spot a fraudulent job offer, know the full list of authorised agents for foreign jobs
Fake job offers: India is such a country where millions of young people reside and many of them are searching for a job either within India or abroad. Younger people have aspirations and enthusiasm which fraudsters are using to dupe them with fake job offers. In the recent past many young Indians were taken abroad to work in scam jobs, etc.
Chinese "allegedly invaded" India in 1962: Mani Shankar Aiyar triggers fresh row
Former Union Minister MShankar Aiyar shared a personal anecdote about the Indian Foreign Service exams and his rejection due to suspicions of communist affiliations and ties to China.
FPIs net sellers of Indian equities at Rs 22,046 crore in May so far
The trend started in April when FPIs offloaded shares worth Rs 8,671 crore though domestic institutional investors showed keenness on remaining buyers. On Friday, FIIs were net sellers of Indian equities at Rs 944.83 crore versus Rs 2,320.32 buying by the DIIs.
GST relief for foreign airlines in the offing
India may exempt GST on services between foreign airline operators' head offices and local entities. The fitment committee is reviewing for a final tax exemption decision, considering maintenance services, rental costs, and hotel accommodation.
Financial services, IT top on FPI selloff list in May
The construction sector witnessed foreign selling worth ₹3,811 crore in the first half of May after they bought shares worth ₹280 crore in April. Oil & gas and fast-moving consumer goods (FMCG) also saw foreign selling worth ₹2,808 crore and ₹1,158 crore respectively.
The small-cap landscape, while being challenging, looks somewhat better: Chirag Setalvad
Valuations have moved up but they have to be viewed in the context of the overall growth environment. Large-cap share valuations are at a relatively modest 10-15% premium to their historical averages.
Forex settlement next step by GIFT to onshore what's offshore
GIFT City to launch foreign currency settlement system chaired by K Rajaraman, IFSCA, supported by RBI and Clearing Corporation of India. System to settle US dollar transactions between IBUs in real-time. CCIL subsidiary to operate FCSS, aiming for operation by October 2024. Other currencies may be added later
FPIs aggressively selling India stocks, offloaded over Rs 28,000 crore with 10 days to go in May
The selling spree in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, partly attributable to a strong US dollar, sticky inflation particularly in the food segment, and poll outcome-related anxieties.
Exports may rise 12-15 pc to cross USD 500 bn this fiscal: FIEO
In New Delhi, on Thursday, FIEO President Ashwini Kumar projects India's merchandise exports to reach USD 500-510 billion by 2024-25, with services exports expected to be around USD 390-400 billion this fiscal, driven by traditional markets like the US and Europe.
Risk-off sentiment brings big selloff in FPI-heavy counters
Foreign portfolio investors (FPIs) have sold shares worth over ₹22,000 crore this month after pulling ₹21,524 crore out of Dalal Street in April. More than 100 stocks where FPIs hold over 5% stake as of March 31, 2024, have declined between 10% and 30% in last one month, compared to a 1.7% fall in benchmark Nifty.
US satisfied so far with India's probe on alleged plot to kill Pannun, but stresses 'red line'
Eric Garcetti was asked at a U.S. think tank event what effect the recent discovery of assassination plots against Sikh nationalists in Canada and the United States could have on Washington's relations with New Delhi.
Suspect in Hardeep Nijjar killing reveals he entered Canada using 'study permit'
A suspect in the murder of Sikh separatist leader Hardeep Singh Nijjar disclosed in a social media video that he entered Canada on a 'study permit,' obtained within days. The accused, Karan Brar, shared this information in a video posted online in 2019, revealing details about his visa application through EthicWorks Immigration Services in Bathinda, Punjab. The revelation comes amid ongoing legal proceedings, as the accused appeared in court in Surrey, British Columbia, facing charges of murder and conspiracy.
NDA is already near 200 seats, on track to get past 400: Amit Shah
Union Home Minister Amit Shah is confident that the BJP will achieve its 400-paar figure this election and says the party would win up to 200 of the 283 seats in the first three phases alone. In an interview with Rahul Tripathi and Pranab Dhal Samanta, he says that elections will be held in Jammu & Kashmir ‘according to court dates’ and opposes any reservation based on religion. Excerpts:
Need to reform and reinvent civil services: Former RBI Governor Duvvuri Subbarao
Former RBI Governor Subbarao calls for reforming and reinventing Indian civil services, highlighting the need to restore integrity and professionalism. He emphasizes the significance of political neutrality and a cooling-off period for officials entering politics to uphold democracy.
India can't, in the name of open economy, open up its national security to work with China: S Jaishankar
From the big shifts in foreign policy under the Modi government, the China challenge to CAA and the heat and dust of electoral politics, External Affairs Minister S Jaishankar touched on a range of topics in a freewheeling discussion at the ET Roundtable.
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