'The Modi visit will prove to be the watershed where India and the United States commenced technology trade and transfer.'
A depreciating rupee, which briefly hit 80 to the dollar on Tuesday, may boost India's exports but price-inelastic imports of crude oil and gold would mean limited relief on the trade deficit, which clocked a record $26.2 billion in June. Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against most currencies, including the rupee. And, with other currencies depreciating, India's comparative advantage in this respect may be limited.
Citing sources within the Federal Investigation Authority (FIA), the Geo News reported that the names of the PTI leaders and its party chief have been added for their involvement in the May 9 violence and desecration of martyrs' monuments.
Four years after it broke many hearts, Indian Space Research Organisation's Chandrayaan is all set to soar towards the moon in its third expedition on Friday in an attempt to put the country in an elite club of nations that accomplished lunar missions with a soft landing.
The Reserve Bank on Wednesday projected inflation to come down below the upper threshold level of 6 per cent by March quarter of the current fiscal. RBI Governor Shaktikanta Das said the central bank will keep 'Arjuna's eye' (focus) on the evolving inflation dynamics and will remain 'nimble and flexible' to deal with the price situation. Global commodity prices, including crude oil, have undergone some downward correction, but uncertainty continues to surround the near-term outlook in view of the prolonging geo-political hostilities. Moreover, the resurgence in domestic services sector activity could also lead to price increases, especially as firms pass on input costs.
A video shows that Shehbaz was asking an aide for help, however even after the aide's assistance, his headphones dropped once again.
Dulat, however, pointedly said engagement with Pakistan has always been "influenced by domestic politics".
India's economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on Wednesday.
The results of the global 2012 National Geographic photography contest are out. The magazine received thousands of entries from across the world in three categories -- people, place and nature. Rediff.com presents the winning photographs. Enjoy!
Earnings growth, attractive valuations and change in FPI flows from negative to positive over the next 12 months are some of the key triggers for an upside. "A poor monsoon, high inflation and further rate hike are some of the key risks
A red-faced Pakistan International Airlines (PIA) was forced to issue a clarification on Friday after the State-owned carrier received much flak for its bizarre dress code for its cabin crew, instructing them that wearing undergarments underneath the uniform was a must.
The US will find it difficult to maintain the sinews of the forces that have held the global order together.
Mutual funds' average cash holdings in equity schemes topped 6 per cent in February as fund managers went slow on deployment of new inflows on expectations of better buying opportunities amid uncertainties in the market.
A prominent Pakistani journalist, who was taken off air indefinitely for making hard-hitting remarks against the country's powerful military establishment in the wake of an attack on a fellow scribe, has apologised and said he had no intention to defame the Army.
The best, wisest, and fairest next step in strengthening our own cause is to restore statehood to Jammu & Kashmir and allow the resumption of robust political activity. That's a box that remains unchecked on the Modi government's report card as we approach the fourth anniversary of Kashmir's Constitutional shift, notes Shekhar Gupta.
When one thinks of cities, one doesn't usually think of beauty and marvellous sights! However, this incredible collection of entries from this year's National Geographic Travel Photographer of the Year contest prove beauty can be found in even the busiest of places.
External Affairs Minister S Jaishankar is set to hold separate bilateral talks with his Chinese counterpart Qin Gang and Russia's Sergey Lavrov at a beach resort in Goa on Thursday on the sidelines of a conclave of the Shanghai Cooperation Organisation (SCO) amid rapidly evolving regional security situation.
The story of Iceland is the story of life, notes Payal Singh Mohanka after a recent journey to that fascinating land.
Lt Gen Abbas -- commissioned in 1987 by Pakistan Military Academy (PMA) in the 41 Baloch Regiment -- has formerly served as the personal secretary to the chief of former army chief Gen Raheel Sharif.
'India's manufacturing will take 10-15 years to catch up with China.'
Indian policymakers are almost alone, alongside the United States, in seeking a hard and multi-sectoral global decoupling from China in the expectation that it will boost their economies, observes Mihir S Sharma.
The world is in a state of crisis and it is difficult to predict how long this state of instability will last, Prime Minister Narendra Modi said on Thursday referring to various global challenges arising out of conflict, war and terrorism among others. In his opening remarks at the Voice of Global South virtual summit, Modi flagged concerns over rising prices of food, fuel and fertilisers, economic impact of the COVID-19 pandemic as well as natural disasters driven by climate change. "We are meeting as a new year dawns and brings new hopes and new energy," Modi said.
"I would like to wish India all the best. I also know that tomorrow, my dear friend, you are about to celebrate your birthday. "As per the Russian tradition, we never offer Congratulations in advance. So, I cannot do that right now," Putin said.
Pakistan is bracing for another day of violence that broke out in many cities after the arrest of former prime minister Imran Khan for alleged corruption with the leaders of his party announcing a countrywide strike on Wednesday to protest against the fascist government.
Pakistan pacer Haris Rauf is banking on his knowledge gained from the Australian Big Bash League to outsmart Indian batters when the two arch-rivals clash in the T20 World Cup at the Melbourne Cricket Ground on October 23.
The winner will receive USD 50,000 in college scholarship and lifetime membership of the National Geographic Society.
Aided by the $57.8-billion merger of HDFC Bank and HDFC, India Inc reported its highest ever mergers and acquisitions in calendar 2022 at $171 billion as against deals worth $145 billion announced last year. The acquisition by the Adani group across cement, media and ports dominated the headlines with the conglomerate making its foray into the cement sector by buying Swiss materials firm Holcim's stake in Ambuja Cements for $6.5 billion. The Adani family's additional $4-billion open offer for Ambuja did not get a response because shareholders preferred to stay invested with the new owner.
Jain, who is still in eighth grade, won $25,000 and a lifetime membership to the National Geographic Society for his efforts.
In his address at the meeting of the foreign ministers of the Shanghai Cooperation Organisation in Benaulim, Goa, Jaishankar said the channel of finances for terror activities must be blocked without any distinction even as Bhutto Zardari raised the issue of "violation of international law" which was seen as an apparent reference to Kashmir.
The RBI's Monetary Policy Committee brainstormed the impact of any future shocks on the inflation trajectory and stressed monitoring the cumulative effect of monetary policy actions over the past one year, which is still unfolding, revealed minutes of the rate-setting panel released on Thursday. The minutes of the meeting of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Shaktikanta Das, also indicated it would be premature to declare an end to the monetary tightening cycle, which started in May 2022 to check high inflation following the outbreak of the Russia-Ukraine war. The central bank, which effected six back-to-back hikes in the key short-term lending rate (repo) since May 2022 to check high inflation, decided to take a pause early this month.
Imran Khan will remain in power for another 15 days, former interior minister Sheikh Rasheed said on Sunday, hours after the former cricketer-turned-politician, in a controversial move, got the National Assembly dissolved.
'Those who want stability in life have started looking at opportunities outside of the start-up ecosystem.'
Russia on Monday accused the US of "actively" exploiting the "contradictions" between India and China to its advantage and asserted Moscow and New Delhi accumulated mutual trust and confidence based on decades-old ties that would help the two sides to deal with the current geopolitical turbulence.
Reserve Bank of India (RBI) on Wednesday upped inflation projection for the current fiscal to 6.7 per cent from 5.7 per cent forecast in April. RBI Governor Shaktikanta Das said the upside risk to inflation persists and the recent spike in tomato prices would fuel food inflation. Also, high global crude oil prices would add to the upside pressure on inflation. The upward revision in inflation projection comes as domestic retail inflation has remained above RBI's comfort level of 6 per cent for four months in a row, mainly due to the Russia-Ukraine war which has impacted the prices of commodities across the globe.
The Indian economy recovered from the Covid-induced downturn during 2022 and is poised for further improvement in the coming quarters though downside risks emanating from geopolitical tensions, strengthening dollar and elevated inflation will continue. The positive trajectory in the growth trend and improved fundamentals will help the nation in neutralising the impact of global headwinds which are expected to have a bearing on the country's exports in the months to come. The challenges before the government and the Reserve Bank in the new year would be to arrest inflation, check declining value of rupee against US dollar and promote private investment and growth, with a view to ensure that the country remains one the fastest growing major economies of the world.
Pakistan's embattled Prime Minister Imran Khan on Wednesday summoned a special session of the federal cabinet amidst reports that two ministers belonging to the ruling coalition partner Muttahida Qaumi Movement-Pakistan have resigned after their party announced that it will support Opposition's no-confidence motion.
Speaking on condition of anonymity, the official asserted that it is known that China used these balloons for surveillance.
Pakistan's former prime minister Nawaz Sharif has been issued a passport to return to his home country from the UK where he was seeking treatment, a media report said on Monday.
The Opposition PPP on Thursday alleged that the PTI-led government was planning an assault on the Sindh House in the federal capital.
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