'It is imprudent on the part of Indian insurance companies to invest out of the shareholders' fund in a private limited company.'
The Budget assumes significance as it comes on the back of lower-than-expected growth numbers during the second quarter and geopolitical uncertainty.
The reaffirmation from the US comes in the backdrop of the maiden India US Strategic and Commercial Dialogue which was held on Tuesday.
India on Thursday (local time) wrapped up its December Presidency of the United Nations Security Council with a special focus on terrorism, Global South and maritime security.
T Nanda Kumar, former food and agriculture secretary, shared his memories of working with former prime minister Manmohan Singh during some of India's most challenging times, highlighting Singh's compassionate leadership and commitment to ensuring food security for all Indians. Kumar recalled Singh's steadfast support during the 2008 global food crisis, where he championed a ban on non-basmati rice exports to secure domestic supplies. Singh's leadership, characterized by intellect and humility, left a lasting impression on Kumar, who considered him a mentor and guiding light.
India will participate in a debate on reform and expansion of United Nations Security Council to be held at the world body on December 11, government told the Lok Sabha on Wednesday.
New India Assurance and Niva Bupa have invested in the Bima Sugam India Federation.
In his address to the high-level UN General Assembly session, Jaishankar said those who politicise the UNSC 1267 Sanctions regime, sometimes even to the extent of defending proclaimed terrorists, do so at their own peril.
China on Wednesday said it doesn't have a policy to oppose India's claim for permanent seat in the United Nations Security Council.
India will push hard for an early implementation of comprehensive reform of the United Nations Security Council and expansion in its membership when inter-governmental negotiations on the issue begin in New York on Thursday.
The United Kingdom, France and Nepal have supported India's candidature as a permanent member of a reformed United Nations Security Council as member nations expressed frustration at the lack of progress on long-pending reforms in the powerful UN body.
Russian Foreign Minister Sergey Lavrov said Moscow sees the prospect of making the Security Council more democratic, exclusively, through broadening the representation of countries from Africa, Asia and Latin America.
Delivering a thinly veiled message to Pakistan from its soil, External Affairs Minister S Jaishankar on Wednesday said activities across borders characterised by the 'three evils' of terrorism, extremism and separatism are unlikely to encourage trade, energy flows and connectivity.
Libyan leader Muammar Gadhafi has opposed the expansion of the United Nations Security Council by including countries like India which would spur a 'competition' with nations like Pakistan wanting to get in.
'As the global economy undergoes significant transformations in 2025, India's ability to navigate the complexities of trade wars, financial realignments, and emerging blocs will be pivotal,' explain Harsh V Pant and Soumya Bhowmik.
'...to bring the Global South and others to the negotiating table on the basis of Gandhi's non-violence so that we can leave a safer world for our children.'
Ukraine President Volodymyr Zelenskyy told the UN Security Council on Tuesday that the atrocities committed by Russian troops are no different from terrorists like the Islamic State extremists as he demanded immediate action to bring the Kremlin's forces to justice for "war crimes".
Earlier, China had extended the "technical hold" on India's move to get Azhar designated as a terrorist by the UN.
Biden has reiterated America's support for India's permanent membership on a reformed UNSC and its entry into the NSG during his first in-person bilateral meeting with Modi at the White House.
Shringla said India will continue to work towards the reformed United Nations during its stint as a non-permanent member of the UN Security Council.
'We have been one of the most frequent countries to be on the Council. We have contributed so much to the maintenance of international peace and security,' India's Permanent Representative to the UN Asoke Mukerji tells Rediff.com's Suman Guha Mozumder.
'By his words, actions, and body language during their joint press appearance wanted to convey his personal respect and, more broadly, his desire to work closely with India.'
Senior Bharatiya Janata Party leader L K Advani has made a strong case for reform of the United Nations Security Council, emphasising that it should be expanded to include nations willing to share responsibility of combating global threats like terrorism and piracy and help in maintaining security.
The external affairs minister also recalled how Pandit Nehru was hesitant in taking assistance from the United States following the 1962 war with China as he was unsure how it would be seen.
A statement issued by the Pakistan mission claimed that Lodhi last week "exposed" the G-4 position on Security Council expansion.
Just a week after President Barack Obama's endorsement for India's permanent membership in the UN Security Council, the US has said no breakthrough is expected "anytime soon" on the UNSC reforms.
Four out of five permanent members of the UN Security Council (UNSC) have supported India's candidature for a permanent seat in the top world body, the government told the Lok Sabha on Friday.
'The future of BRICS is under stress as Chinese attempts to expand the platform are being resisted by India and Brazil.' 'Beijing is focused on a quick expansion with the aim of giving the platform a distinctly anti-Western orientation, which New Delhi and Brasilia seem to have no interest in,' notes Harsh V Pant.
External Affairs Minister S Jaishankar has met United States Defence Secretary Lloyd Austin and held a productive conversation with him on deepening bilateral defence cooperation, including in the co-production of defence articles, and exchanged perspectives on a variety of security issues.
Real negotiations to reform the United Nations Security Council, for which India, Japan, Germany and Brazil have been pressing for a long time, may begin this year to meet demands to enlarge the top world body and include these countries as permanent members.
Pressing for "actual negotiations" on the issue of UN Security Council expansion, India has asked the General Assembly for discussions to be held in an interactive format, as representatives of the world body met in New York to launch parleys on reforms.
India has been at the forefront of efforts at the UN to push for urgent long-pending reform of the Security Council, emphasising that it rightly deserves a place at the UN high table as a permanent member.
Determined to continue their efforts for reforms in the United Nations, India, Brazil and South Africa have called for "immediate, element-based and result-oriented" inter-governmental negotiations for the expansion of Security Council.
Prime Minister Narendra Modi on Friday met United Nations chief Ban Ki-moon who said he "counted on India's leadership" in South Asia, at the Sustainable Development Goals summit in New York marking the world body's landmark 70th anniversary session.
India and other G4 countries have expressed their common vision for a reformed UN Security Council, seeking a concise working document which will serve as a basis for further negotiations on expansion in permanent and non-permanent categories.
Criticising the G-4 proposals, Pakistani UN Ambassador Munir Akram said a vote on it should be avoided as it would 'divide the membership and raise tensions in different parts of the world'.
'This victory would mean a huge inspiration for the next generation who can say that coming from India I can be anybody I want to be if I work hard and acquire the right skills.' 'They could be the next President, members of the Senate, or another Sundar Pichai.'
India will sit in the 15-nation United Nations Security Council (UNSC) for the 2021-22 term as a non-permanent member - the eighth time that the country has had a seat on the powerful horseshoe table.
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