The United States and China have agreed to expand military exchanges and exercises as part of efforts to build more stable bilateral ties amid tensions over cyber security.
Modi attended the 20th ASEAN-India Summit in Jakarta. Secretary-General of ASEAN Dr Kao Kim Hourn also attended the summit.
Joe Biden has been POTUS since January 20, 2021, but Monday, November 14, 2022, was the first time that he met Xi Jinping -- supreme leader of the United States' biggest rival -- in person since he moved to the White House.
India is now on the Moon and the success of the lunar mission has sounded the bugle for the emergence of a developed nation, Prime Minister Narendra Modi said on Wednesday as Chandrayaan-3 landed successfully on the lunar surface.
Two of Xi Jinping's chosen officials have disappeared from view, an indication of turmoil in Xi's government, months after he installed a collection of loyalist leaders in his cabinet, observes Dr Rajaram Panda.
He said that US intelligence shows that Chinese President Xi Jinping has instructed his nation's military to 'be ready by 2027' to invade Taiwan.
Without Google's Android operating system, Huawei may have to put off new launches.
India needs to make use of this opportunity to significantly enhance its exports especially in information and communications technology and the automotive sector.
Prime Minister Narendra Modi on Sunday made a fresh push for reforms in global institutions, including the United Nations, asserting that the world's 'new realities' should be reflected in 'new global structure' as it is nature's law that those who don't change with times lose their relevance.
'It is commendable that India is able to persuade all sides.' 'It shows that India counts and finally, we are reaching a position where we can find a place in the sun at the global level.'
'To get a 100 per cent consensus document without any reservation, any bracket, any chair summary is unprecedented in the history of multilateral forums.'
Lander Module of Chandrayaan-3 spacecraft comprising the lander and rover has successfully separated from the Propulsion Module, Indian Space Research Organisation said on Thursday.
From The New York Times to BBC and The Guardian to The Washington Post, the historic event in India's space programme on Wednesday made headlines across the globe.
Here's a pick of what Warrenn Buffett had to say over the weekend, and his annual 'Woodstock for Capitalists'.
But Down Under is a tough call due to shipment time and quality control issues.
China is on the lookout for investment pastures where its money is welcome, safe and earns a decent return. India also needs vast investment - about $1 trillion over the next 10-15 years - in infrastructure, green energy, transportation and heavy industry, says Ravi Bhoothalingam.
In the Sensex pack, Yes Bank, Tata Motors, Bajaj Finance, Tata Steel, HDFC twins, IndusInd Bank, RIL, Asian Paints, Hero MotoCorp, Axis Bank, M&M, HUL, Bajaj Auto, NTPC, HCL Tech, Kotak Bank and Infosys fell up to 5.30 per cent.
The 50-share NSE Nifty plunged 98.65 points, or 0.87 per cent, to end at 11,278.90.
Trump is demanding China to reduce the $375 billion trade deficit and protection of Intellectual Property Rights, technology transfer and more access to American goods to Chinese markets.
The Chinese army's Eastern Theatre Command stated in a terse statement that it had conducted 'combined combat readiness patrols and joint firepower strike drills' surrounding Taiwan.
The entire process being autonomous when the lander has to fire its engines at the right times and altitudes, use the right amount of fuel, and scan of the lunar surface for any obstacles or hills or craters before finally touching down.
The differences between the US and China over rival free trade agreements being floated by them threatened to derail the APEC Summit which got off to a colourful start in Beijing China on Monday.
Chandrayaan 3 follows the Chandrayaan 2 mission which did not achieve the desired soft landing on the surface of the moon in 2019, disappointing the scientists.
The first five months of 2023 have witnessed at least six major events/trends that augur badly for global economic and socio-political prospects, points out Shankar Acharya, former chief economic adviser to the Government of India.
A day ahead of a crucial G20 meeting, External Affairs Minister S Jaishankar on Wednesday evening hosted a welcome dinner for the foreign ministers attending the deliberations but the reception was missed by his counterparts from the US, China, Germany and France.
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
At a time when the overall narrative is around India being an attractive investment destination, the two American multinationals are more specific in projecting India as their centrepiece.
A decline in demand from six of India's top 10 import partners -- China, Saudi Arabia, Iraq, South Korea, Australia, and Singapore -- resulted in India's imports hitting a 17-month low of $50.6 billion in January, showed the data compiled by the department of commerce. Shipments from South Korea, Australia, and Singapore declined by 14.1 per cent, 26.7 per cent, and 9.8 per cent, respectively. Among the 10, growth in inbound shipment was seen only in the case of the United Arab Emirates (12.1 per cent), the US (27.4 per cent), Russia (297.4 per cent), and Indonesia (22.9 per cent).
'India's specific concerns about whether Russia will be a reliable defense supplier and diplomatic partner in the event of heightened hostilities with China has undoubtedly accelerated the process of US-India defense and intelligence cooperation intended to support Indian military positions along the Line of Actual Control.'
India is in a much better position to deal with the challenges related to growth and inflation, said Sanjiv Bajaj, president of industry body CII. According to official figures, India's retail inflation continues to remain above the Reserve Bank's tolerance level of 6 per cent since January, while the economic growth in the first quarter of the fiscal was 13.5 per cent, lower than the central bank's estimate of 16.2 per cent. "I don't want to say we don't have our own challenges with growth, with inflation but we are in a much better position and credit must go to everybody including the central and state governments.
'...The more the Pakistan army becomes weaker, then there is every possibility that terrorist groups may create more anarchy in Pakistan.'
Qin, who is visiting New Delhi to attend the G20 Foreign Ministers meeting on Thursday, is expected to meet Jaishankar on its sidelines though the foreign ministry here is tight-lipped about it.
He claimed China has a policy of keeping "hot spots like Taiwan, South China Sea and Tawang burning" in order to divert attention to its own failings.
Move 10 per cent of your portfolio to the yellow metal.
Equity benchmarks snapped their six-session rally to close marginally lower on Thursday amid profit booking in banking and energy counters. Investors also stayed on the sidelines ahead of the RBI's policy meet outcome on Friday. In choppy trade, the 30-share BSE Sensex ended 51.73 points or 0.09 per cent lower at 58,298.80. During the day, it hit a low of 57,577.05 and a high of 58,712.66.
'India will want a lot of help from the US, but it's not going to want US troops.'
India's goods and services exports have already crossed $675 billion in last fiscal year and the country is now aspiring to take international trade to $2 trillion by 2030, Commerce and Industry Minister Piyush Goyal has said. Interacting with faculty, researchers, and students at the Stanford University here, Goyal also said by the time India would celebrate the 100th anniversary of its independence, it would be a $30 trillion economy. "...by 2047-2050 period, when India would be completing 100 years of Independence, we will be at least a $30 trillion economy on a business as usual scenario and possibly a $35-45 trillion economy if some of the aggressive plans that the government is putting together work well.
The war of words between China and the US heated up on Tuesday with an American Admiral defending last week's US naval ship's foray near Chinese-made artificial islands in the area while Beijing blasted the move as a "blatant provocation".
'Amongst all the Southeast Asian countries, 2011 has witnessed one of the greatest changes in Myanmar. A military dictatorial regime in power for decades made way for an elected government; albeit not as per democracy's definition by the book, but, at least a transition towards a freer nation.'
Dubbed as "Jobs Governor", Haley turned South Carolina's economy around during her tenure as governor and transforming the state into a manufacturing powerhouse. She cut taxes, repealed burdensome regulations, and turned South Carolina into "the Beast of the Southeast". Under her leadership, figures note, the state's unemployment rate hit a 15-year low, and when she left office, South Carolina was at full employment.
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