Reconstruction efforts after the Russia-Ukraine war will be dominated by the heft of the membership of major nations across international organisations. India is hamstrung because it does not play host to any major global institution nor does it hold positions of significant influence in the ones in which it has membership. As a result, the world's sixth largest economy is obliged to follow the rules set by most of them.
The country's largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. LIC had fixed the issue price of its shares at Rs 949 apiece after a successful initial public offering, which fetched Rs 20,557 crore to the government.
As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private consumption and investment, according to a UN report. The UN Department of Economic and Social Affairs said in its World Economic Situation and Prospects (WESP) report released on Wednesday that the war in Ukraine has upended the fragile economic recovery from the pandemic, triggering a devastating humanitarian crisis in Europe, increasing food and commodity prices and globally exacerbating inflationary pressures. The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast released in January 2022.
The Chinese military on Thursday said it has conducted precision strikes over the Taiwan Strait and 'expected results' were achieved, in apparent retaliation to the United States House Speaker Nancy Pelosi's visit to Taipei disregarding Beijing's vociferous warnings.
As the kharif season is setting in, India is scrambling to source fertilisers from the international market. It is set to sign long-term contracts - especially with Morocco and Latin American countries - to ensure steady flow of supplies. "We have to source fertilisers wherever it is available because crops have to be secured.
The RBI's rate-setting panel MPC on Monday began its three-day deliberation amid expectations of another round of hike in benchmark interest rates to contain inflation that continues to remain above the central bank's upper tolerance level. RBI Governor Shaktikanta Das will announce the decision of the Monetary Policy Committee after deliberations on Wednesday. Das has already indicated that there may another hike in the repo rate, though he refrained from quantifying it.
Declassified US documents of the era indicate.
'We had not seen any fighting, but we could hear guns and bombs exploding.' A Ganesh Nadar/Rediff.com and Reuben N V/Rediff.com traveled to Kerala to meet some of the nurses who have returned from civil-war ravaged Libya.
The BJP wants to win a state where it has been out of power for 15 years. The Congress wants to make its mark in a state where it has been a bit player for nearly 30 years. And the BSP wants to recapture power it lost 5 years ago.
With his tearaway pace bowling and batting exploits down the order, West Indies all-rounder Odean Smith is hoping to land a handsome deal from one of the franchises during the upcoming IPL mega auction.
The extradition case of WikiLeaks founder Julian Assange, wanted in the US over the alleged leak of classified documents related to the wars in Iraq and Afghanistan, was sent to UK Home Secretary Priti Patel on Wednesday.
The National Medical Commission has allowed graduates back from Ukraine to complete internships in India, but more concessions to accommodate students will require tweaks in the NMC Act.
'No other military in the world could accomplish what we and our allies and partners did in such a short span of time. That is a testament not only to our forces' capabilities and courage but also to our relationships and the capabilities of our allies and partners,' Austin said in a statement at the conclusion of the American mission in Afghanistan.
However, till Monday evening he was still in prison as formalities for his release could not be completed.
Pakistan's new Prime Minister Shehbaz Sharif and Russian President Vladimir Putin have quietly exchanged letters to strengthen bilateral relations, a media report said on Sunday, amidst allegations by Imran Khan that his maiden visit to Moscow, much against Washington's wishes, led to his ouster.
The United States has begun a new diplomatic mission in Afghanistan, Secretary of State Antony Blinken said as the US withdrew its last troops from the country ending the 20-year war in the South Asian nation.
The first step to keeping your job safe, experts tell Rediff.com's Divya Nair, is understanding why layoffs happen.
The government has reconstituted a high level committee for the disposal of enemy properties that have been left behind by those who migrated and took up citizenship of Pakistan and China.
Key to China's decision regarding Taiwan will be its leadership's assessment whether the US will come to Taiwan's defence, explains Jayadeva Ranade, the former senior RA&W officer and China expert.
India's total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar said.
A senior White House official has said that she cannot 'predict' when President Joe Biden would make a call to Pakistan Prime Minister Imran Khan though there has been high-level engagements between the two countries.
Assistant Secretary of State for South and Central Asia, Donald Lu, was speaking to members of the Senate Foreign Relations Committee, just after India had abstained from a vote on the United Nations General Assembly resolution.
A new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace with effect from January 1, 2018. The funds held by Indians through fiduciaries alone used to be in billions till 2007 but began falling after that amid fears of regulatory crackdown. It is now at second-lowest level in 20 years.
The commander of United States forces in Afghanistan General Scott Miller returned from the country almost winding up the longest American war, even as Defence Secretary Lloyd Austin assured that America's Afghan mission is not yet over and that it would continue to support Kabul.
A plumbing company in the American state of Texas has sued a Ford dealership in Houston for over $1 million (Rs 1.68 crore) after Islamic State terrorists were seen using his old truck, thousands of kilometres away in strife-torn Syria.
A US drone killed al-Qaeda leader Ayman al-Zawahri at a house in Kabul, where he had been living with his family, on Saturday.
All equipment from the Army which were part of the Republic Day celebrations are made-in-India, Chief of Staff Delhi Area Maj Gen Bhavnish Kumar had earlier said.
As controversy grew, BJP leaders, actors also joined the discourse against him.
White House press secretary Jen Psaki warned of the potential use of chemical weapons in Ukraine after Moscow alleged the United States was housing biological weapons in Ukrainian territory.
The Madras high court on Wednesday set aside the proceedings of the Tamil Nadu revenue department locking and sealing the All India Anna Dravida Munnetra Kazhagam headquarters in Chennai following the July 11 violence, and directed that the keys of the office be handed over to party chief K Palaniswami.
India has abstained on yet another resolution involving Ukraine, this time a motion sponsored by Russia at the United Nations Security Council (UNSC) that sought to establish a commission to investigate claims by Moscow that the United States and Ukraine are carrying out 'military biological activities' in laboratories in Ukraine in violation of the biological weapons convention.
A special Indian Air Force repatriation flight ferrying 168 evacuees from Kabul landed at the Hindon air base in Ghaziabad on Sunday.
The government may have to rework the valuation of Life Insurance Corporation of India (LIC) for its initial public offering (IPO) if the listing is pushed beyond May, an official said. The current embedded value of LIC, pegged at Rs 5.4 trillion as of September 30 and for the six-month period ended September, will have to be re-evaluated if the issue is pushed beyond May 12, as approved by the Securities and Exchange Board of India (Sebi). This would impact the market value of LIC, that is currently being internally estimated at 3-4 times of the embedded value.
Malik has been the find of the season as he outsmarted the top batters of the world with his brutal pace.
The government will leave no stone unturned to bring the perpetrators of this heinous crime to justice, said Mann.
Soren also claimed that his Assam counterpart Himanta Biswa Sarma indulged in "purchase" of Jharkhand MLAs.
Charges were traded thick and fast; enquiries and investigations have been carried out by more than one agency. As a result, one former minister, one political heavyweight, and a handful of businessmen, bureaucrats and executives are in jail.
Pawar recorded his testimony before the commission in Mumbai in connection with the January 2018 violence at the Koregaon Bhima war memorial in Pune district of Maharashtra.
The defence minister's visit comes in the midst of an escalating border standoff between India and China, particularly after the killing of 20 Indian Army personnel by Chinese troops in eastern Ladakh's Galwan Valley on June 15.
'We must understand that the LAC is a political issue for China, so any action on the LAC will keep India focussed on the LAC which gives China the opportunity for any adventurism in the Indian Ocean.'
