TIE
India-Russia summit in Moscow to focus on payment system for trade
Prime Minister Narendra Modi and President Vladimir Putin are set to focus on enhancing financial transactions between India and Russia during their annual summit in Moscow. With Russia facing SWIFT restrictions, both leaders aim to establish quicker and more efficient payment mechanisms. Plans include enabling the use of national currencies for tourists and students, involving RuPay and MiR cards.
India-UK ties to grow incrementally with a fair share of challenges
Labour Party secures a significant win in UK elections, raising questions about Brexit's impact and future policies. Indian diaspora gains prominence in UK politics. Both India and UK aim to enhance cooperation on trade, technology, and security while addressing challenges in bilateral relations and global issues.
Ready to conclude India-UK FTA: Keir Starmer tells PM Modi in first call as UK PM
Prime Minister Narendra Modi on Saturday spoke to newly elected British Prime Minister Keir Starmer as the two leaders agreed to work towards an early conclusion of a mutually beneficial India-UK free trade agreement, a statement said. Modi congratulated him on assuming charge and a remarkable victory of his Labour Party in the election.
India-Russia summit: Issues of regional, global interest to figure in talks between Modi, Putin
Prime Minister Narendra Modi is scheduled to visit Russia for an upcoming summit, where regional and global issues will be discussed with President Vladimir Putin, according to Foreign Secretary Vinay Kwatra. Kwatra highlighted the importance of the annual India-Russia Summit, saying, "We attach great importance to it."
Prioritising India-UK ties, FTA in focus under new PM Keir Starmer
The India-UK FTA talks began in January 2022 but were stalled in the 14th round as both countries stepped into their general election cycles this year. India saw the new government in the first week and on Friday, it was the UK's. "There is no question in my mind that India will continue to be important for the new Labour government," said Rahul Roy-Chaudhury, Senior Fellow at the International Institute for Strategic Studies (IISS).
Kremlin says 'not optimistic' on UK-Russia ties after Labour win
The Kremlin expressed a lack of optimism on Friday regarding any potential improvement in the strained relations between Britain and Russia following Labour's victory in the UK general election.
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What Labour victory means for India-UK ties & markets? Arnab Das explains
There is a disconnect where the geopolitical and geoeconomic tensions are high. Still, the reality of the macro on the ground is that the integration continues. So, there is not going to be any big rupture in Asia, but there is going to be a continuing integration or continuing alignment of India and other countries in Asia with the West including the UK, Invesco’s Arnab Das.
Indian Navy chief meets newly-appointed Bangladesh Army chief; discusses new avenues for cooperation
Indian Navy chief Admiral Dinesh K Tripathi visited Bangladesh to bolster defense ties, meeting with Army Chief General Waker-Uz-Zaman and Air Force Chief Air Marshal Hasan Mahmood. Discussions included enhancing cooperation in training, joint exercises, and interoperability. Tripathi also met with Navy Chief Admiral M Nazmul Hassan, emphasizing the strong naval cooperation between India and Bangladesh. The visit aimed to strengthen bonds and explore new avenues for collaboration.
Germany stops planned sale of Volkswagen's gas turbine business to China
Germany's cabinet blocked the sale of MAN Energy Solutions' gas turbine business to a Chinese company for security reasons amid EU-China trade tensions. Concerns over national security implications led to the decision, with fears that China could use the turbines for military purposes. Both Germany and the EU aim to reduce risks from economic ties with Beijing. China opposes the politicization of business cooperation and hopes for a fair business environment.
Jaishankar raises safety of Indian nationals in meeting with Russian counterpart Sergey Lavrov
External Affairs Minister S. Jaishankar met with Russian Foreign Minister Sergey Lavrov in Astana during the Shanghai Cooperation Organisation (SCO) summit. They discussed bilateral relations, noting progress since their last meeting. Jaishankar raised concerns about Indian nationals in conflict zones, urging their safe return. The meeting precedes Prime Minister Narendra Modi's upcoming visit to Moscow.
India, Belarus hold first-ever consular dialogue in Minsk
India and Belarus conducted their inaugural Consular Dialogue in Minsk, addressing a wide range of consular issues including the welfare of Indian students in Belarus and boosting tourism between the two nations. The Indian delegation, led by Aman Puri, Joint Secretary (Consular, Passport and Visa Division), engaged with Belarusian counterparts headed by Andrei Kozhan, Head of General Directorate for Consular Affairs at Belarus' Ministry of Foreign Affairs.
Deepening ties with India in several areas: US
State Department Deputy Spokesperson Vedant Patel made the remarks on Monday at his daily news conference in response to a question on US-India relations and the recent conversation between President Joe Biden and Prime Minister Narendra Modi on the sidelines of the recent G7 Summit in Italy.
US deepening its relationship with India in several areas, says official
Patel said that he imagines there will be a number of additional areas where the two countries could continue to deepen cooperation. "National Security Adviser Sullivan just had a visit to Delhi a number of weeks ago as well," he said.
Modi-Putin phone calls shaped Indian PM’s decision to visit Moscow for annual summit
Narendra Modi's upcoming visit to Moscow for the annual summit stems from two phone calls between him and President Vladimir Putin. They first spoke after Putin's election victory in March and again following Modi's re-election in June. The visit aims to boost the strategic partnership amid global scrutiny and discussions on the Ukraine conflict. India's strategic autonomy and historical ties with Russia play a crucial role, emphasizing cooperation in defense, energy, and geopolitical support, including Soviet backing during the 1971 war and the Kashmir issue.
India and Bangladesh strengthened defence ties with new naval contracts
India and Bangladesh have strengthened their defence ties through a new deal signed after Bangladesh PM Sheikh Hasina's visit to India. The Bangladesh Navy contracted India's Garden Reach Shipbuilding and Engineers (GRSE) for an 800-tonne oceangoing tug, funded by Indian credit. GRSE also recently signed a deal for a dredger. The tug will aid in towing, berthing, and rescue operations, and can handle harsh sea conditions. The nations also agreed on further cooperation in maritime security, space, and counterterrorism.
Largest exercise of democracy in history of world: US lauds India's Lok Sabha elections
US State Department spokesperson Matthew Miller praised India's Lok Sabha elections as the "largest exercise of democracy in the history of the world," emphasising the US government's celebration of this achievement. Miller highlighted that the US takes no side on the election outcome and respects the decision of the Indian people. Prime Minister Narendra Modi secured a third term, with the BJP winning 240 seats, while the Congress made significant gains with 99 seats. US President Joe Biden had congratulated Modi and the NDA coalition on their victory.
US-India held frank talks on Delhi's defence tech ties with Russia, says US Dy Secy of State Campbell
US Deputy Secretary of State Kurt Campbell emphasized the importance of frank dialogue with India regarding New Delhi's ties with Russia, particularly in the technology sector, including defense. Despite US concerns about potential technology leakage to Russia due to India's use of Russian defense equipment, Campbell expressed trust and confidence in India's capabilities. He noted that while there are disagreements, both countries maintain respectful discussions. Campbell also highlighted discussions on the Quad initiative during recent meetings between US National Security Advisor Jake Sullivan and India's NSA Ajit Doval, affirming strong commitment to hold the Quad summit by year-end.
Moscow expects to sign new co-operation pact with Iran in 'very near future', RIA reports
Deputy Russian Foreign Minister Andrei Rudenko stated that a new comprehensive cooperation agreement with Iran is close to completion and expected to be signed shortly. The agreement aims to replace a 20-year strategic pact signed in 2001, focusing on security, energy, industry, and technology. Details of the new agreement remain undisclosed, but the two countries have strengthened ties, particularly in investment, military, and energy sectors, following Russia's invasion of Ukraine and subsequent sanctions.
Unfortunate that acts glorifying terrorism allowed in Canada routinely: Indian High Commission
India has strongly condemned the frequent glorification of terrorism in Canada, particularly on the anniversary of the 1985 Air India Kanishka bombing, which killed 329 people. The Indian High Commission emphasised the need for all peace-loving nations to denounce such acts and called for action against those promoting violence. India urged for collective international efforts to combat terrorism, stating that terrorism recognizes no borders, nationality, or race.
Pakistan: Human smuggler arrested in Lahore; fake passports, IDs seized
One individual was arrested in Lahore on charges of smuggling people out of the country, as reported by ARY News. The Federal Investigation Agency (FIA) Anti-Human Trafficking Circle conducted the arrest of Azhar on Sunday and recovered seven Pakistani passports, six Computerised National Identity Cards (CNIC), and counterfeit stamps from him. Legal proceedings have commenced against the suspect.
EAM S Jaishankar holds 'productive & deep' talks with UAE counterpart Al Nahyan
External Affairs Minister S Jaishankar held "productive and deep" discussions with UAE counterpart Abdullah bin Zayed Al Nahyan on India and UAE's "ever-growing" strategic ties. They discussed regional and global issues, emphasizing the significance of their Comprehensive Strategic Partnership. Jaishankar visited the BAPS Hindu Mandir in Abu Dhabi, calling it a symbol of India-UAE friendship, and participated in the 10th International Yoga Day celebrations at the Louvre Abu Dhabi museum.
Explained: What happens next in the EU investigation into Chinese EVs?
China and the European Commission plan talks to address proposed tariffs on Chinese-made electric vehicles entering the EU, potentially easing tensions. The EU intends to impose provisional duties on these vehicles, ranging from 17.4% to 38.1%, with the deadline set for July 4. Negotiations between the EU and China are expected, with stakeholders having until July 18 to provide feedback. The Commission will publish its findings by July 4, and decisions on provisional duties will follow.
CII calls for review of trade ties with China
The CII called for a review of trade ties with China due to the country's reliance on electronics components imports, posing a risk to domestic manufacturing sustainability.
China wants EU to scrap EV tariffs on EVs by July 4
Beijing urges the European Union to revoke its preliminary tariffs on Chinese electric vehicles (EVs) by July 4, as reported by China's state-controlled Global Times. The EU plans to impose provisional duties of up to 38.1% on Chinese-made EVs while investigating alleged excessive and unfair subsidies to Chinese EV makers. China is willing to negotiate to avoid another tariff war, reminiscent of U.S. tariffs imposed during the Trump administration, but will protect its firms if necessary.
US, India must remain at forefront of technology: NSA Ajit Doval
National Security Advisor Ajit Doval emphasized the crucial role of India and the US in leading technological advancements to safeguard their respective values and strategic interests. His remarks came during the iCET (India-US initiative on Critical and Emerging Technology) industry roundtable, where he highlighted the progress and significance of collaboration under iCET. Doval's comments followed recent initiatives unveiled with US counterpart Jake Sullivan to deepen cooperation in artificial intelligence, semiconductors, critical minerals, telecommunications, and defence space.
TiE Delhi-NCR announces leadership changes, appoints new Director General & Executive Director
TiE Delhi-NCR announced leadership changes with Geetika Dayal as Director General and Upasana Sharma as Executive Director.
Normalisation of our ties with China must be based on mutual respect, mutual interest, mutual sensitivity: India
India has expressed gratitude to China for congratulating Prime Minister Narendra Modi on his election victory and pledged to continue efforts towards normalizing bilateral ties based on mutual respect, mutual interest, and mutual sensitivity. The External Affairs Ministry spokesperson, Randhir Jaiswal, stated that peace and tranquillity along the Line of Actual Control (LAC) are key for normalizing overall ties.
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