China's size and ambition have enabled it to successfully penetrate every sector of the UK's economy, an influential parliamentary panel has said, warning that Beijing's national imperative continues to become a technological and economic superpower on which other countries are reliant, which represents the "greatest risk" to the UK.
The government has brought back the windfall profit tax on domestically produced crude oil after international prices firmed up while the levy on export of diesel has been cut to nil, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) is now Rs 6,400 per tonne with effect from Wednesday, the order dated April 18 said. At the last revision on April 4, windfall tax on domestically produced crude oil was cut to nil as international oil prices dipped below $75 per barrel.
As the kharif season is setting in, India is scrambling to source fertilisers from the international market. It is set to sign long-term contracts - especially with Morocco and Latin American countries - to ensure steady flow of supplies. "We have to source fertilisers wherever it is available because crops have to be secured.
India has substantially increased its crude oil imports from the US, with the country's share in India's crude basket hitting a record 14.3 per cent in December, commerce ministry data showed.
"You have gone through extraordinary pain, and we don't want others to go through the kind of pain that you've gone through. Wouldn't be right," said the president.
The toy panda cub dressed in a suit of ice has flown off the shelves
Argentina are odds-on favourites to win the Copa America for the first time since 1993 by beating Chile in Saturday's final.
Over a million officials are said to have been punished in Xi's anti-corruption campaign according to the official media accounts. The intensity of the campaign also attracted criticism that Xi made effective use of it to silence his critics and rivals within the party.
Apple Inc has requested the ministry of electronics and information technology (MeitY) to give it 18 to 24 months' exemption to comply with the European Union (EU) regulation of putting an USB charging port in all its older smartphones, mainly iPhone 13 and iPhone 14, which are assembled, exported and also sold in the domestic market. Apple's stance is different from that of Samsung, which has been pushing for an immediate implementation of the EU regulation. All smartphones by the South Korean giant already comply with the EU rules.
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China on Friday announced plans to boost space cooperation with Pakistan, including the development of a space centre and launching of more satellites for its all-weather ally.
A stronger dollar makes oil more expensive because it raises the cost for imports for most of the world's countries
Beijing reported 53 new COVID-19 cases in the last 24 hours, taking the total to over 500 cases as the capital continues enforcing strict anti-virus measures and postponed school reopening for a week as a precautionary measure.
India is deeply concerned over the spike in the price of oil due to the Russia-Ukraine conflict and it is "breaking our back," External Affairs Minister S Jaishankar has said. Addressing a joint press conference with US Secretary of State Antony Blinken after holding bilateral talks, Jaishankar on Tuesday said there is a very deep concern among developing countries about how their energy needs are addressed. Speaking about the Ukraine war, he said: "We have taken the position privately, publicly, confidentially and consistently that this conflict is not in anybody's interest."
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In a move that may boost the Indian hydrocarbon industry and bring more investments into the sector, the Union Cabinet on Wednesday decided to give marketing freedom to domestic crude oil producers, allowing them to sell petroleum to any company in the local market. The move is set to be beneficial for major crude oil producers, such as state-run Oil and Natural Gas Corporation (ONGC) and Oil India, and private sector majors like Vedanta's Cairn Oil and Gas and Reliance Industries. As of May 31, India was dependent on imports for 86 per cent of its crude oil consumption; domestic production sufficed the remaining 14 per cent demand.
Iranian cyclist Sarafraz Bahman Golbarnezhad has died after crashing in the C4-5 event at the Rio de Janeiro Paralympics, the first such death at the Games since they began in 1960, the International Paralympic Committee (IPC) has said.
The possibility that the data storage unit of the cockpit voice recorder was damaged cannot be ruled out at present.
The stock of India's largest agrochemical player - UPL (formerly United Phosphorus) - fell 2.8 per cent in trade. It was among the top losers in the BSE 100 on Tuesday. Weak 2022-23 (FY23) January-March quarter (fourth quarter, or Q4) performance and muted near-term outlook led to the decline. The company reported lacklustre growth in revenue of 4 per cent on the back of a price reduction of 3 per cent and volume growth of 1 per cent.
The policy review observed that the moderation in inflation, excluding food and fuel, that was witnessed in the first quarter of 2017-18 has "by and large, reversed".
'Xi is keen that the remaining three territories still outside the Chinese ambit -- Taiwan, Arunachal Pradesh, and the Senkaku Islands in the East Sea -- be absorbed by the Communist regime by the time the centenary of the revolution rolls around in 2049.'
Starting Wednesday, Beijing halts return to campus, and resumes online courses for middle and primary school students, as well as suspends college students' return to campus, the reports said.
The government has revised its divestment target downwards from Rs 2.1 trillion, as its ambitious privatisation programme has been deferred to next year.
Hubei province, the epicentre of the outbreak, reported 5,806 confirmed cases, including 204 deaths, official media reported.
Three Chinese astronauts on Thursday entered the country's new space station after their spaceship successfully docked with it, just over seven hours after the launch from the Gobi Desert, in a major milestone for the Communist giant's space exploration plans and its bid to become a leading space power.
It will be interesting to see whether India-China border tensions figure during the deliberations of PLA deputies to the NPC and CPPCC, notes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
The "bumper" 40 per cent increase followed a number of sweeping reforms intended to transform the "bloated People's Liberation Army, into a more modern, nimble fighting force".
Only four teams are left in the Copa America and whichever lifts the trophy next weekend, one thing is guaranteed -- the winning coach will be an Argentine.
Russian oil supplies to India will continue to flow unhindered and suppliers will come up with ways to sidestep secondary sanctions, a Russian official told Business Standard.
Colombia have scored more goals than Argentina and notched as many as the highly-rated Brazilians
Miguel Herrera, Mexico's national soccer team coach, was fired on Tuesday, a day after he allegedly punched a reporter who had criticized his team's performance in the recent Copa America and Gold Cup tournaments.
Thiago Silva and Roberto Firmino scored either side of halftime to fire Brazil to a 2-1 win over Venezuela at the Copa America.
European champions Portugal came up against a superior version of themselves as they were knocked out of the World Cup by Uruguay on Saturday. Although Uruguay forward Edinson Cavani and Portugal's Cristiano Ronaldo will grab the headlines -- the former for his two brilliantly goals and the latter for what could well be his World Cup farewell -- Uruguay owed their 2-1 win to a superb all-round performance.
A stunning Andre Carrillo volley gave Peru their first World Cup goal in 36 years before captain Paolo Guerrero grabbed a second as the Andean nation condemned Australia to a 2-0 defeat in Sochi on Tuesday and an early exit from Russia.
It was perhaps fitting that the World Cup match between Senegal and Japan - whose fans have received international acclaim for their cleanliness in the stadium - ended in a thrilling 2-2 draw on Sunday in Yekaterinburg.
Japan twice came from behind to draw 2-2 with Senegal in their World Cup Group H encounter on Sunday.
China on Thursday declined to comment on reports that the debris of its Long March 5B rocket, which last week launched the core module of the country's space station, is set to re-enter the earth's atmosphere this weekend, amid concerns that it could cause damage if it crashes in civilian areas.
An exclusive white paper by the Jamestown Foundation claims that the powerful figures arraigned against the President include former Vice-President Zeng Qinghong and current Vice-President Wang Qishan, The Hong Kong Post reported.
India's fertiliser subsidy bill is likely to shoot up by 55 per cent to record Rs 2.5 lakh crore this fiscal as the government will provide additional funds to make up for the spike in cost from higher import price, top sources said on Thursday. The government will ensure that there is no shortage of fertilisers in the country during the kharif (summer-sown) and rabi (winter-sown) season and it is already in talks with major global producers to import key soil nutrients, they added. According to the sources, Union Chemicals and Fertilisers Minister Mansukh Mandaviya is likely to visit many countries, including Saudi Arabia, Oman and Morocco, soon to secure imports on both short and long term basis.
