China on Friday hiked its defence budget to $209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021.
India witnessed a 12 per cent year-on-year (YoY) jump in total household wealth last year, at $14,225 billion, according to the Global Wealth Report 2022 by Credit Suisse. The report also forecasts the number of millionaires in the country to more than double from 796,000 in 2021 to 1.6 million in 2026. According to the report, which is based on data for the wealth holdings of 5.3 billion adults across nearly 200 countries, global household wealth rose 9.8 per cent in 2021 to $463.6 trillion, driven by widespread gains in share prices and a favourable environment created by central bank policies in 2020 to lower interest rates but at the cost of inflationary pressure.
Delhi Police's Special Cell Tuesday morning conducted raids at 30 premises connected with online portal NewsClick as well as its journalists' houses, triggering outrage against the action among scribes.
China on Monday expressed the hope that the Taliban will stand by its commitment of establishing an "open and inclusive" Islamic government in Afghanistan and will ensure a peaceful transition of power without violence and terrorism.
'Shark fins are the most sought-after shark product.'
Accusing United States Secretary of State Mike Pompeo of fabricating lies over the involvement of the virology lab in Wuhan, Chinese foreign ministry spokesperson Hua Chunying sought to deflect criticism over its role by highlighting its French connection.
Some may see China's decision to antagonise India as strategically unwise. But China believes its prestige demands standing up to India, whatever the cost.
By Thursday, 830 confirmed cases of pneumonia, caused by the novel coronavirus (2019-nCoV), had been reported in 29 provincial-level regions in the country.
There is growing alarm at the inexorable rise of China, both of its military prowess and its aggressive bullying of other countries plus its subjugation of whole portions of its own population.
Harris, in a major foreign policy speech as part of her three-day visit to Singapore, said America's vision includes the freedom of navigation which is vital to all.
India on Friday said the onus is on China to address the remaining unresolved issues relating to the eastern Ladakh row and that peace and tranquillity along the frontier were key for the restoration of normal relations between the two sides.
In a significant policy statement on the Taliban which is making big gains in its offensive in Afghanistan, China has asked it to make a "clean break" from all terrorist forces, especially the Al Qaida-backed Uyghur Muslim militant group ETIM fighting for the volatile Xinjiang province's independence.
The overall confirmed cases on the mainland have reached 81,518 as of Monday, which included 3,305 people who died of the of disease.
Deloitte India on Friday said it estimates India's GDP growth at 6.6 per cent in the current fiscal helped by consumption expenditure, exports rebound and capital flows. In its India's economic outlook report, Deloitte said the rapid growth of the middle-income class has led to rising purchasing power and even created demand for premium luxury products and services. With the expectation that the number of middle-to-high-income segments will be one in two households by 2030/31, up from one in four currently, we believe this trend will likely become further amplified, driving overall private consumer expenditure growth, it said.
Despite the relaxation of the one-child policy in 2016, the number of live births per 1,000 people fell to a record low of 10.48 in 2019, down from 10.94 in 2018.
'Both sides have agreed that the overall situation should be handled in a responsible manner'
'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'
The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.
National Security Advisor Ajit Doval held a meeting with top Chinese diplomat Wang Yi during which he emphasised the need for continuing efforts to restore peace and tranquillity in the border areas to remove the 'impediments' to normalcy in bilateral relations.
'Problems will keep recurring unless China vows to resolve all outstanding issues between the two sides,' says Sana Hashmi.
Capital expenditure by Indian companies is likely to see an uptick in the upcoming quarters as capacity utilisation has surpassed the critical threshold of 75 per cent, and numerous companies have deleveraged their balance sheets, according to analysts. The first quarter of the current financial year has shown improved profitability, driven by a decrease in input prices. This, according to analysts at Care Ratings, should stimulate a revival in the private capex cycle.
The "unknown pneumonia in Kazakhstan caused 1,772 deaths in the first six months of the year, including 628 people in June alone", the Chinese embassy in the central Asian country said in a statement.
Prime Minister Modi on Saturday left for Egypt after concluding his state visit during which he held wide-ranging talks with President Joe Biden and addressed the joint session of the US Congress.
On December 10, Kissinger began to encourage the Chinese to take action against India: 'If the People's Republic were to consider the situation on the Indian subcontinent a threat to security, and if it took measures to protect its security, the US would oppose efforts of others to interfere with the People's Republic.' On the 50th anniversary of India's greatest military victory, Claude Arpi recalls how the US suggested that China intervene militarily on Pakistan's side.
Twenty personnel of the India-China LAC guarding Indo-Tibetan Border Police (ITBP) force, who displayed bravery during the violent clashes and ongoing military standoff between the two countries in the eastern Ladakh region in May-June 2020, were on Sunday decorated with police gallantry medals.
Gilgit Baltistan's large frontage with Kashmir and Ladakh across Kargil and the Siachen Glacier gives Pakistan and China the perceived scope for conduct of collusive operations against India and wrest control of the major course of the Indus and Shyok, observes Lieutenant General Syed Ata Hasnain (retd).
A new analysis of genetic samples collected from a seafood market in central China's Wuhan city shows the presence of the SARS-CoV-2 virus in raccoon dogs sold at the venue, strengthening the case for the natural origin of the Covid-19 pandemic, according to a team of international experts.
Indian economy grew at 7.9 per cent in fourth quarter of 2015-16.
Statements emanating from the recent Chinese Communist party congress suggest potentially increasing pressure on India with regard to the Dalai Lama and the Central Tibetan Administration in Dharamsala, notes former RAW officer Jayadeva Ranade.
'I have nostalgia for Ladakhi culture, which is common to both Muslims and Buddhists.' 'It is kind of a Buddhist way of life. You are compassionate and nice to each other.' 'You are good human beings.'
The Chinese Embassy in London and the Chinese ambassador to the UK issued strong statements condemning the UK's move as a disregard for its representations and 'blatant' interference in its internal affairs.
The new law, effective from January 1, weakens the role of the State Council, China's Cabinet headed by Premier Li Keqiang, in formulating military policy, handing decision-making powers to the Central Military Commission (CMC), the overall high-command of the two million-strong People's Liberation Army (PLA) headed by Xi, Hong Kong-based South China Morning Post reported on Sunday.
India's gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India's gold demand in value terms rose 20 per cent on an annual basis to Rs 75,470 crore during the January-March period of this year on volume growth as well as a rise in quarterly average prices by 11 per cent.
China has given conditional approval for a single dose COVID-19 vaccine, touted to be a rival to Johnson & Johnson's one-jab shot cleared by the United States drug regulator on Sunday.
India decisively withstood global headwinds in 2023 and is likely to remain as the world's fastest-growing major economy on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange reserves. Despite widespread pessimism witnessed among the developed nations and the worsening geopolitical situation, India recorded a gross domestic product (GDP) expansion of 6.1 per cent in the March quarter. The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter. For the first six months of this fiscal, the growth was 7.7 per cent.
Besides the 27 asymptomatic patients, 10 new confirmed COVID-19 cases, including six from Chinese returning from abroad, were reported in the country on Wednesday.
More than half (56 per cent) of chief economists expect the global economy to weaken in 2024, with most saying the pace of geo-economic fragmentation will accelerate, according to the latest "Chief Economists Outlook" released on Monday at the World Economic Forum (WEF). The report indicates that the global economic prospects remain subdued and uncertain. Challenges include tight financial conditions, geopolitical rifts, and the rapid development of generative artificial intelligence (AI).
Industrial metals (ferrous and non-ferrous) suffered great volatility once the Ukraine War began in February 2022. First, there was a sharp price rise due to fears of supply disruption, followed by weak global demand. China's weakness and rolling lockdowns have hit production and demand.
'If the central government does not give rights to the people of Ladakh, then it won't be good for our country.'
Justice Subramonium Prasad issued notice to the Centre seeking its stand on the former MP's petition for a direction to the authorities to give an "effective response" to his query.
