The US dollar surged to fresh one-year high after the Fed chief's testimony to the US Senate on Wednesday bolstered the expectations of interest rate hikes, though gradually.
World leaders thanked India for its help and support in combating the coronavirus pandemic through "early and meaningful" shipments of COVID-19 vaccine doses, as they addressed the high-level UN General Assembly session this year.
Top commanders of the Indian Army on Monday carried out a comprehensive review of the country's security challenges, including in eastern Ladakh and other sensitive areas along the Line of Actual Control (LAC) with China, on the opening day of a four-day conference, people familiar with the developments said.
'For someone who wants to invest for the future or his family, diversification is necessary.' 'Diversify across asset classes -- equities, gold, real estate, fixed income, commodities, and even cryptocurrency.'
Modi is as divorced from reality as Manmohan Singh. He might want to sound expansive and visionary, but to be credible he must have his feet on the ground and know the reality around him. Instead of delivering irrelevant homilies to small and hence poor farmers, the prime minister should be thinking in terms of creating a huge demand for alternative employment, mainly in the construction sector, and his promised hundred new cities is a capital idea, says Mohan Guruswamy.
For several years the Chinese authorities have been taking steps to internationalise the use of the yuan.
There is mounting evidence that suggests that Omicron subvariants -BA.4 and BA.5 - are infecting people who have been vaccinated.
...but when they awaken, it's going to be overly optimistic to assume everybody will walk off the sleeping bed and come back to full life, Rajan noted.
Thirty-two of the 36 people killed in the New Year eve stampede at Shanghai's iconic waterfront area have been identified, authorities said on Friday, as Chinese media and public criticised the administration's failure to prevent the tragedy that marred the gleaming financial hub's image.
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
People familiar with the development said Chief of Army Staff General M M Naravane and the top commanders will review the country's combat readiness in eastern Ladakh where Indian and Chinese troops have been locked in a bitter standoff for 17 months.
Only West Asia and North Africa have a lower employment rate than India, points out Mahesh Vyas.
INS Vishakapatnam's ground attack and anti-ship capabilities are achieved through a bank of BrahMos cruise missiles that can be fired at targets up to 295 km away.
Thousands of Inter University Students' Federation (IUSF) students were seen sloganeering outside the Prime Minister's Residence in Wijerama Mawatha.
'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei
Indian equities are in a multi-year bull story with capex cycle recovery as the main driver.
The government has also relaxed certain rules to cut delays in military purchase like allowing the three services to procure required weapons and equipment from a single vendor, the sources said.
"Our country has never bowed down and will never bow down to any world power, and I am able to say this because of braves like you," Prime Minister Narendra Modi said on Friday while interacting with the soldiers, who were injured in the June 15 clash with the Chinese troops in eastern Ladakh's Galwan Valley.
The 60-metre bridge is around four kilometres east of the confluence of Shyok and Galwan rivers, and links the narrow mountainous region to the Shyok-Daulat Beg Oldi road.
The growth opportunity for a business, people running the business, governance structure at a company, technology adoption and the firm's belief in frugality are the list of priorities which should be considered before choosing a stock to invest in, Jhunjunwala said.
The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price. However, it is a boon for the exporters as they receive more rupees in exchange for dollars. The rupee depreciation has wiped away some of the gains that would have accrued to India from international oil and fuel prices dropping to pre-Ukraine war levels.
Chances of a sudden collapse in the Shanghai Composite are remote.
As Myanmar sets out on a new path after decades of military rule, India on Monday promised whole-hearted support to it in "every step" of its journey as the two countries resolved to deepen ties and actively cooperate to combat terrorism and insurgent activities in the region.
The Congress president alleged that the surgical strike was made public as the BJP was fighting elections in Uttar Pradesh.
'China wants to change the status quo of India's Northern Border and proves that it can do whatever it wants in what it perceives as its own territory,' states Claude Arpi.
India's economy has bounced back amazingly from the Covid-19 pandemic and nationwide lockdown over the last one year, but it is not out of the woods yet, according to the World Bank, which in its latest report has predicted that the country's real GDP growth for fiscal year 21/22 could range from 7.5 to 12.5 per cent.
When elected on July 18 -- which is almost a certainty, given the NDA's numbers in the electoral college -- Droupadi Murmu will be the first President born after Independence.
With its political colour dominated by less than democratic trends, BRICS currently leaves some of us wondering -- where in this grouping is there an assurance that human freedom will be respected unconditionally? It would be nice to see the new members of BRICS drawn from the ranks of countries wedded to preserving and guarding human freedom, observes Shyam G Menon.
Since October, FPIs have sold over $26 billion worth of stocks, which is the largest selling ever seen in India, observes Akash Prakash.
'In the business of money, where you are regulated, the liability lies on the head of the acquirer.' 'It is not a good thing when you cannot spot the risks.'
'To simply let the rupee depreciate to any level according to market forces will not be in the country's interests.'
Disgraced Chinese leader Bo Xilai's high-profile trial was abruptly adjourned after prosecutors produced more evidence to nail the former Communist strongman, who in turn described his ex-police chief and a key witness as a "liar with extremely bad character."
It said Naisar Kothari, a resident of Bhavnagar in Gujarat, was arrested under sections of the Prevention of Money Laundering Act (PMLA) and he has been sent to the ED custody till December 22 by a court.
Since 2014, many of Mohan Bhagwat's speeches have acted as cues for government policy.
'The military advantage the Indian Army had gained by the Special Frontier Force occupying the heights of the Rezang La-Rechin La ridge on the Kailash Range is lost without the PLA withdrawing to east of the Khurnak Fort line.'
The visit comes a week after 20 Indian Army personnel were killed in a brutal assault by the Chinese military in Galwan Valley which escalated the border tension.
Regional States will be worried that the US's nascent engagement with the Taliban behind the fig leaf of humanitarian aid enables the return of US intelligence personnel to Afghanistan, observes Ambassador M K Bhadrakumar.
United States Defence Secretary Lloyd J Austin arrived in India on Friday on a three-day visit, aimed at further boosting bilateral defence and security ties in the wake of China's growing military assertiveness in the region including the Indo-Pacific.
The future of cryptocurrencies in India appears uncertain but that has not deterred young Indians from embracing the so-called 'fourth industrial revolution' world, where interconnectivity and smart automation, much of it relying on blockchain technology, drive human civilisation. Reserve Bank of India (RBI) Governor Shaktikanta Das has repeatedly warned of macroeconomic instability and even "serious consequences" if cryptocurrencies turn mainstream. The country's monetary authority wants a China-like total ban on crypto, not even allowing these currencies to be treated as investments. Though Parliament's website had listed the Cryptocurrency and Regulation of Official Digital Currency Bill as one seeking a total ban of cryptocurrencies in the country, it was not presented in the Winter Session. India now has the highest number of cryptocurrency investors in the world.
As tension escalated at the Line of Actual Control (LAC), the sources said around 50-60 soldiers of Chinese People's Liberation Army (PLA) approached the Indian post in the southern bank of Pangon lake area at around 6 pm but the Indian Army personnel posted there strongly confronted them, forcing their retreat.
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