Asian Development Bank (ADB) on Friday warned that India's limited crude oil reserves of about 100 million barrels - sufficient for only 40-45 days of consumption - leave the country particularly vulnerable to supply disruptions through the Strait of Hormuz amid the ongoing war in West Asia.
India is well-stocked with inventories of crude oil and key petroleum products, including petrol, diesel, and aviation turbine fuel (ATF), to deal with short-term disruptions as the war intensifies in West Asia, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday.
Following the BNP's victory in recent elections, Bangladesh is seeking to reset its relationship with India, emphasizing mutual benefit and a recognition of the changed political landscape.
'The BNP's election manifesto lists grievances against India, mirroring the attitude of past BNP governments.' 'Political parties have been careful not to say bad things about China.'
The Indian economy is likely to grow at 7.4 per cent in 2025-26, up from 6.5 per cent in the previous fiscal, mainly on account of better performance of manufacturing and services sectors, as per the government data released on Wednesday.
Moody's Ratings on Tuesday said tax cuts in the current fiscal has dented India's revenue growth, leaving less scope for fiscal policy support for the economy.
Deloitte India on Thursday projected India's economy to grow 6.7-6.9 per cent in the current fiscal amid buoyant demand and policy reforms. Indian economy grew 7.8 per cent in the April-June quarter of current fiscal.
Fuel loading at India's first prototype fast-breeder reactor in Kalpakkam is expected to start next week, marking a significant step in the country's nuclear program.
Fitch Ratings on Wednesday raised India's GDP growth forecast to 6.9 per cent for current fiscal year, from 6.5 per cent earlier, citing strong June quarter growth and domestic consumption-led demand.
The proposal, expected to be worth over Rs 2 lakh crore, including the indigenous content of more than 60 percent, is expected to be taken up for discussion by the Defence Procurement Board headed by the defence secretary in the next few weeks.
'Employers increasingly want candidates who can take AI pilots from proof-of-concept to production-ready systems.' 'That requires governance, monitoring, and ROI measurement -- skills that go beyond coding and into business impact.'
The final approval for the acquisition of 97 LCA Mark 1A fighters was given by a high-level meeting on Tuesday and will pave the way for Hindustan Aeronautics Limited to produce the aircraft, defence sources told ANI.
'One Chinese interlocutor said India should realise that "China can do without India, but India could not do without China", pointing to its inability to do without Chinese intermediates and components,' former foreign secretary Shyam Saran discovers on a visit to China.
Bandyopadhyay told PTI that he received a call from Parliamentary Affairs Minister Kiren Rijiju and the external affairs ministry, and was asked to go to the US but he informed them that he would not be able to go due to health reasons.
Tharoor also said he is honoured by the invitation of the government to lead an all-party delegation to five key capitals to present the nation's point of view on recent events.
A statement issued by the parliamentary affairs ministry earlier on Saturday said the all-party delegations will project India's national consensus and resolute approach to combating terrorism in all forms and manifestations.
This came after Pakistan People's Party chairman Bilawal Bhutto Zardari on Saturday stated that Pakistan's Prime Minister Shehbaz Sharif had tasked him to lead a delegation to present Pakistan's case on the recent escalations of tensions between the two nations.
Congress MP Shashi Tharoor on Saturday (local time) highlighted how India responded in a measured and calibrated manner towards terror bases and headquarters in Pakistan, following the dastardly Pahalgam terror attack in which 26 people were killed.
S&P Global Ratings on Thursday said the hostilities between India and Pakistan heighten risks to the credit metrics of both countries, and any escalation in clashes would put downward pressure on sovereign credit support.
The government will send seven all-party delegations to key partner countries, including members of the United Nations Security Council, later this month to convey India's message of zero tolerance against terrorism following the Pahalgam terror attack and Operation Sindoor.
The opposition party's attack came after Shashi Tharoor, not part of the four leaders nominated by the Congress, was named as the head of a delegation to key partner countries to convey India's message of zero tolerance against terrorism following Operation Sindoor.
'...by saying since you have come say everything against your party.'
It is important for India to pay close attention to both the tone and substance of authoritative remarks coming out of Pakistan, explains former foreign secretary Shyam Saran.
The World Bank on Wednesday lowered India's growth forecast for the current fiscal by 4 percentage points to 6.3 per cent amid global economic weakness and policy uncertainty. In its previous estimate, the World Bank had projected India's growth at 6.7 per cent for the fiscal year 2025-26.
It involves India spending an estimated Rs 40,000 crores to Rs 50,000 crores and will take 10 to 15 years to develop.
'Binary fission will happen -- startups will lead to more startups.'
It will be the second Budget of the Modi 3.0 government and eighth straight Budget for Nirmala Sitharaman, rare in Indian polity.
Four big global companies - Bayer, GenZero (a wholly-owned arm of financial major Temasek), Shell and Mitsubishi - have decided to scale up their carbon credit programme in nine states to empower farmers. The credits are generated through the adoption of smart agriculture practices - Alternate Wetting and Drying (AWD) and Direct Seeded Rice (DSR). Since over a year, the project, which was being run on a pilot basis, has positively impacted 10,000 farmers, covering more than 25,000 hectares.
'Will President Dissanayake calibrate his foreign policy taking into account India's immediate security concerns? We need to watch.'
Projecting India as the land of biggest opportunities globally, Prime Minister Narendra Modi on Saturday promised the business sector facilitation, reforms, a stable policy regime and high growth. Addressing the ET World Leaders Forum, Modi, in turn, asked investors to commit to innovation, performance, positive disruption and high-quality products, as he stressed that the country respects wealth creators.
Households are likely to remain the primary net lenders to the economy in the coming decades.
The BJP-led National Democratic Alliance's (NDA) slim majority in Lok Sabha may delay more far-reaching economic and fiscal reforms that could impede progress on fiscal consolidation, Moody's Ratings said on Wednesday. NDA securing a majority in the general elections will give a historic third term for Narendra Modi as Prime Minister of India. "We expect policy continuity, especially with regards to budgetary emphasis on infrastructure spending and boosting domestic manufacturing, to support robust economic growth.
Adani Green Energy Limited is developing 30 GW renewable energy plant on barren land at Khavda in Kutch of Gujarat over area of 538 sq km after which the project would be the planet's largest power plant.
'The primary set took over three months to build with 14,000-15,000 workers employed at a time.'
'We ensured that Mallikajaan's Shahi Mahal lived up to its name.' 'One zardosi panel cost around Rs 4 lakh; the one with the kalpavriksh was around Rs 5 lakh.'
'China is struggling to get out of its property bubble.' 'Japan took 35 years to walk out of its equity bubble.' 'Bubbles can be difficult to forecast.'
Crisil Ratings on Wednesday projected India's GDP growth at 6.8 per cent in the next fiscal and said the country will become an upper middle-income nation by 2031 with the economy doubling to $7 trillion. In its India Outlook report, Crisil said the Indian economy will take support from domestic structural reforms and cyclical levers and can retain -- perhaps even improve -- its growth prospects to become the third largest economy by 2031. "After a better-than-expected 7.6 per cent this fiscal, India's real GDP growth will likely moderate to 6.8 per cent in fiscal 2025," said the Crisil India Outlook report.
On Thursday, in his first interview with the local media since assuming office, Muizzu said India was instrumental in providing aid to the Maldives and has implemented the "greatest number" of projects.
India's GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China, S&P Global Ratings said on Tuesday. In a report titled 'China Slows India Grows', S&P said it expects Asia-Pacific's growth engine to shift from China to South and Southeast Asia. "We project China's GDP growth to slow to 4.6 per cent in 2024 (2023: 5.4 per cent), edge up to 4.8 per cent in 2025, and return to 4.6 per cent in 2026.
'We are cautious only on sub-sectors that have seen massive melt-up during the past six months.'
The Interim Budget for 2024-25 (FY25) to be presented on February 1 is likely to assume 10-10.5 per cent nominal gross domestic product (GDP) growth against 8.9 per cent estimated for FY24 by the National Statistical Office (NSO). "We were waiting for the First Advance Estimates GDP numbers for FY24. "We will finalise the nominal GDP growth assumption for FY25 Interim Budget in a couple of days.
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