With these savings rate and investment rates, we can sustain a growth rate of nine per cent without difficulty.
As the Soviet achievements keeping the Russian economy afloat are waning, President Dmitry Medvedev, on Thursday, sought an urgent modernisation of the country, insisting that it should happen "through democratic values and institutions".
Union Defence Minister A K Antony arrived in Moscow on Tuesday for a crucial meeting of a key joint defence commission as the two countries are poised to finalise new co-ventures in strategic weapons, including investment and technical parameters of 5th generation fighters.
As part of the nation's ambitious programme of manned space flights, Indian Space Research Organisation is seeking a Russian spaceship for sending "space tourists" in orbit, an official said.
India has paid another staggering US $ 102 million to Russia, to speed up refit work on the aircraft carrier Admiral Gorshkov, pending a final agreement on a huge price hike of almost USD 2 billion demanded by Moscow.
Describing the second world war as the 'greatest tragedy' of the 20th century, Russian President Dmitry Medvedev on Sunday slammed attempts to equate United Soviet Socialist Republic and Nazi Germany as its initiators.
At least 20 people, including policemen, were killed and over 60 injured when a suicide bomber on Monday rammed an explosive-laden truck into the gates of a police station in a southern Russian city in the restive Ingushetia region, neighbouring Chechnya. "At about 09:08 am Moscow time (10.38 am IST), a yellow Gazelle truck broke through a gate at a check point near the building. A powerful explosion followed shortly after that," a local investigator was quoted as saying.
"At several occasions our leadership has given public statements on the issue. Each and every step in the process of the refit of the aircraft carrier is monitored by Indian navy's technical team and they have never raised objections," Vyacheslav Davidenko, the official spokesman for the Rosoboronexport state corporation, told PTI in Moscow.
On a landmark visit to Russia to 'reset' ties between the two Cold War foes, United States President Barack Obama on Tuesday sought Moscow's cooperation in defeating terrorism, as he declared that neither America nor Russia has an interest in an Afghanistan or Pakistan governed by the Taliban. He expressed happiness over Russia agreeing to allow the US to send supplies to the coalition forces in Afghanistan through its territory.
United States President Barack Obama and his Russian counterpart Dmitry Medvedev on Monday signed a landmark deal in Moscow committing the two Cold War rivals to a new, legally binding arms-control treaty and resume military cooperation, as they promised to "reset" their damaged bilateral ties.
US President Barack Obama arrived in Moscow on Monday on a maiden visit to Russia to 'reset' the damaged bilateral ties and sign new accords, including a landmark arms reduction treaty to replace a Cold War era nuclear pact. He is accompanied by First Lady Michelle Obama and daughters Sasha and Malia.
BRIC nations will become the "locomotive" to pull the global economy out of the current crisis as two major countries of the bloc -- India and China -- have suffered least from the downturn, Russian Deputy Prime Minister Sergei Ivanov has said.
"New Delhi has agreed to allocate extra funds for the carrier which would be delivered to the Indian Navy in 2012, four years behind schedule," Russian officials said following what they said "successful" negotiations to break the prolonged deadlock between the two sides over multi-billion dollar cost escalation.
Indian Naval Ship Beas, India's indigenously built Brahmaputra class missile frigate, armed with state-of- the-art weapons, including the Barak anti-missile battery will hold joint naval exercises with the Russian navy.
Presenting his first budget policy before the government of Prime Minister Vladimir Putin, Medvedev said for the first time in a decade Russia would be spending more than its revenue.
At their Kremlin summit, leaders of the Collective Security Treaty Organisation (CSTO) -- comprising Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan -- signed an agreement for the creation of RAF under a joint command.
Russia has said the maiden flight of the fifth generation fighter aircraft (FGFA), being developed by its Sukhoi design bureau in tie-up with Indian aerospace and defence major Hindustan Aeronautics Ltd (HAL), will be made by the end of the year.
The Moscow and All-Russia patriarch has died at the age of 79, an official church announcement said. A senior church official quoted by RIA Novsoti said heart failure was believed to be the cause of the death.
An Indian Navy delegation travelled to Moscow on a fact-finding mission following an accident onboard a Russian nuclear submarine that was to be leased to it, even as shipbuilders blamed the inherent flaws of central control panel of the vessel for the mishap. They also said "serious work" was required to make its fire-extinguishing system "foolproof".
Imperial Energy, which operates in Siberia's Tomsk region and far eastern Kamchatka, has no strategic fields and deposits under its control, business channel RBC TV reported quoting sources in the natural resources and environment ministry. The London-based oil company owns a number of licences and hopes to produce 35,000 barrels per day (bpd) by the end of 2009 and 80,000 bpd by 2011, which could be directly exported to energy-hungry India.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances