However, as of now, container availability has not been seen as an issue as adequate empties are available. The Red Sea strait is vital for 30 per cent of global container traffic and 12 per cent of global trade.
The strong message from the prime minister is of continuity of policies he considers right with strong emphasis on execution, points out T N C Rajagopalan.
Taipei on Friday termed China's military exercises around the island nation 'highly provocative' after some Chinese aircraft and warships crossed the median line of the Taiwan Strait.
'We are in a position to start due diligence and private data room access shortly.'
Union Home Minister Amit Shah said on Friday security in the ocean needs to be strengthened as most of the narcotic drugs are shipped in Pakistan and go via Iran to Sri Lanka and Africa.
The Indian crew onboard a crippled container vessel that collided against a key bridge in Baltimore last week is healthy , according to a nonprofit organisation that has been in touch with the personnel.
The Pakistan Army chief arrived in Washington last week on his first official visit to the US.
The defence ministry said the test-flight was carried out on Wednesday evening and it met all the trial objectives, validating the reliable performance, as confirmed from the data captured by a number of range sensors deployed at different locations.
Foreign minister Ali Sabry told the cabinet that the Chinese vessel had only asked for a refuelling visit.
Signalling both change and continuity, India's new government, headed by Prime Minister Narendra Modi for a third consecutive term, got into work gear on Tuesday with cabinet ministers and ministers of state filing into their respective offices to assume charge.
The Philippines Navy this month alleged that the Chinese ships used water cannons to attack its ships.
Prices may go up because of higher energy costs, caused by the rise in shipping charges, with commercial vessels taking a longer route to avoid the troubled Red Sea region, the finance ministry said on Monday. Iran-backed Houthi rebels of Yemen are repeatedly attacking ships in the Red Sea. While the global economy is grappling with challenges such as sticky inflation, sluggish growth, and mounting fiscal pressure, India's external sector could face "potential risks" due to the ongoing geopolitical tensions, according to the finance ministry's report on the review of the Indian economy.
The government is planning to tweak its procurement policy to give a fillip to domestic manufacturing. The industry department has floated a proposal to raise the minimum local content requirement for public procurement for Class-I and -II suppliers from 50 per cent currently to 70 per cent, and 20 per cent as of now to 50 per cent, respectively.
On the night of July 5, the Tigers launched their first kamikaze operation. Miller took the wheels of the explosive-packed truck, smiled at everyone as he turned the ignition key and drove it slowly towards the Sri Lankan military camp. A few moments later all of Jaffna heard a thunderous explosion that brought the complex crashing down in clouds of dust. Miller had given birth to a deadly tactic that Prabhakaran would employ time and again with devastating consequences to Sri Lanka -- and India. A fascinating excerpt from M R Narayan Swamy's must read new book, The Rout Of Prabhakaran.
To boost domestic manufacturing under the Make in India initiative and reduce dependency on imports, the government is expected to announce in the Budget an increase in the minimum local content requirement for public procurement, with certain sectors being granted exceptions. Currently, firms producing goods, services, or works with at least 50 per cent local content are classified as Class-I local suppliers and are preferred the most in government procurement.
Riled by Sri Lanka's request to defer the planned docking of a high-tech Chinese research vessel at the strategic Hambantota Port, China on Monday took a dig at India, saying it was "senseless to pressure" Colombo by citing the issue of security concerns.
Gadkari is credited with the construction of more than 90,000 km of national highways and 30,000 km of new roads in the country in the last 10 years.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
Currently, India recycles around 300 of the 1,000 ships which are demolished per annum globally. However, countries like Japan, Europe and the US were not sending their ships for recycling to India in the absence of ratification of a global convention. That scenario is set to change with the Recycling of Ships Act, 2019.
On January 31, the Indian Army intercepted a Maldivian fishing boat engaged in fishing activities within the Maldives' Special Economic Zone (EEZ), located 72 nautical miles northeast of Dhidhdhoo, Haa Alifu Atoll, the Maldives' defence ministry claimed in a statement on Friday.
The contracts for the procurement of the platforms and weapons systems were signed in the presence of Defence Minister Rajnath Singh and defence secretary Giridhar Aramane, under whose guidance these deals fructified, an official readout said.
In a joint statement, they noted that while the incident highlights the prevailing "apathy, misgovernance and lack of accountability" in Kolkata, the capital of West Bengal, the state government's "apparent inclination" to shield perpetrators rather than protect victims is a "grave miscarriage of justice".
There was no immediate confirmation from India's defence ministry on the withdrawal of the first batch of Indian military personnel from the Maldives as reported by the media in Maldives.
Any government support or incentive to help exporters deal with high freight and insurance costs is unlikely.
The Indian Navy has deployed task groups comprising frontline destroyers and frigates in the central and north Arabian Sea and augmented its force levels in the region to undertake maritime security operations in view of recent attacks on commercial vessels in key shipping lanes.
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
Prime Minister Narendra Modi has said that the Quad is not against anyone, but for a rules-based international order and respect for sovereignty, in a veiled reference to China.
India on Sunday said it is seriously concerned over escalating hostilities between Israel and Iran, and called for immediate de-escalation of the situation.
Minister of State for Defence Ajay Bhatt said in Lok Sabha the Navy deployed its units in the Gulf of Aden and East coast of Africa towards anti-piracy patrols since 2008 and a total of 3,440 ships and over 25,000 seafarers have been "safely escorted".
The defence ministry said 98 per cent of the total procurement worth Rs 2.23 lakh crore will be sourced from the domestic industries.
Prime Minister Narendra Modi on Friday held bilateral talks with Italian counterpart Giorgia Meloni in Bari during which they discussed defence and security cooperation and hoped for further enhancing the defence industrial collaboration.
The World Championship trials are expected to be held by August 10, giving the wrestlers, who competed in Asian Games selection competition, just about 17 days to be ready for another gruelling contest.
Cruise ship Diamond Princess, carrying 3,711 people, arrived at the Japanese coast early last week and was quarantined after a passenger who de-boarded last month in Hong Kong was found to be the carrier of the novel virus on the ship. Around 60 people tested positive of the virus on Monday, taking the total number of those infected on the ship to 130.
The plan to relieve NSG from VIP security tasks has been in the making since 2012 when NSG commanders foresaw an event where simultaneous terror attacks could be witnessed at one time on multiple centres in the country and the commandos will have to be rushed in different directions.
The protocol is being maintained with all help in case of fever or sickness to those on board.
The proposals cleared by the DAC include new-generation anti-tank mines, air defence tactical control radar, heavy-weight torpedoes, medium-range maritime reconnaissance and multi-mission maritime aircraft, flight refueller aircraft and software-defined radios.
The Diamond Princess cruise ship arrived in Yokohama, near Tokyo, on February 3 with 3,711 passengers and crew on board, 621 people were found to be infected with the deadly coronavirus after it was diagnosed in a man who disembarked last month in Hong Kong.
There are 88 military personnel manning the three Indian platforms that have been providing humanitarian and medical evacuation services to the people of the Maldives for the last few years using two helicopters and a Dornier aircraft.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Apart from the senior competition, the U-17 and U-23 Asian Championships are set to return to Bishkek, Kyrgyzstan for a second straight year. The tournament will take place from June 10 to 18.
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