Of the 4.10 crore to be shared through COVAX, 1.40 crore will go to Latin America and the Caribbean nations and 1.60 crore to Asia.
Backed by the China-plus-one policy, India's textile and apparel exports have seen a 53 per cent growth during the April-November period of the current fiscal year at around $26 billion. This compares to the figure of $17 billion during the same period in FY21. According to Wazir Textile Index, all major companies including Welspun, Vardhman, Trident, KPR Mills, Indo Count, RSWM, Filatex, Nahar Spg and Indorama have posted higher sales during the first half of the current fiscal year compared to the pre-pandemic year.
The government may tweak customs duties in the Budget next week on several goods, including furniture raw materials, copper scrap, certain chemicals, telecom equipment and rubber products, to promote domestic manufacturing and exports, sources said. They said that while import duties could be tweaked on over 20 products such as cut and polished diamonds, rubber goods, leather garments, telecom equipment and carpet, the customs duties could be removed on select raw materials (like wood in rough, swan wood and hard board) used for furniture manufacturing and copper concentrate.
US Defence Secretary Llyod Austin described China as a pacing challenge for the United States.
A dominant India claimed both the gold medals on offer by some distance in the men's and women's 10m air pistol team events on the third competition day of the ISSF World Cup Rifle/Pistol/Shotgun stage, in New Delhi, on Sunday.
Prime Minister Narendra Modi along with his counterparts from Australia and Japan on Friday attended the first in-person meeting of Quad leaders hosted by US President Joe Biden during which they plan to discuss issues like climate change, Covid-19 pandemic and challenges in the Indo Pacific, amidst China's growing military presence in the strategic region.
Corporate India lags the rest of its Western and Asian peers by a wide margin when it comes to the presence of women on their boards, with just 17.3 per cent of the large companies having them on their key decision making bodies, an international report said on Tuesday. However, this is a near 6 percentage points improvement between 2015 -- when it was only 11.4 per cent -- and 2021, Swiss brokerage Credit Suisse said in the report, which covered over 33,000 executives from more than 3,000 companies across 46 countries, including over 1,440 firms across 12 Asia-Pacific markets. Female representation on boards of large Indian companies has increased by 5.9 percentage points from 11.4 per cent in 2015 to 17.3 per cent in 2021.
Those in the soccer competition that started ahead of the main event beginning on Saturday have borne the brunt of the disruption.
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.
The two leaders met for a second summit in Vietnam's Hanoi and Trump made these comments during a dinner with Kim.
Pakistan on Monday banned travel from 15 countries, except under certain conditions, and tightened up travel restrictions on 13 other countries in wake of the threat of the new COVID-19 variant Omicorn.
"Relevant countries should abandon the obsolete Cold War mentality and narrow-minded geopolitical rivalry concept and view correctly and respect people's aspiration in the region and do more things conducive to regional solidarity and cooperation," Chinese foreign ministry spokesman Zhao Lijian said.
In the last five years of NDA rule, 2018-2019 was the worst for exporters.
The United States will continue to support India with equipment and other things it needs along the Line of Actual Control (LAC) with China, a top American admiral has told lawmakers, asserting that Washington and New Delhi share a 'tremendous partnership'.
Anybody who's plugged in to the modern, globalised world will understand why, says Kanika Datta.
'It is only when Beijing sees a country with an infirm political will such as India that it acts up as the PLA has done in eastern Ladakh.'
Yoga remains a ray of hope when world fights Covid pandemic, underscored Prime Minister Narendra Modi today on International Yoga Day. Here's how the world marked the special day.
As the economic crisis in Sri Lanka - the world's largest exporter of orthodox tea - continues to rage across the island nation, tea producers in India look to cash in on the opportunity to seize the market. The country's largest tea growing company, McLeod Russel India, expects orders to come in from July. "A huge opportunity is coming up for everyone in India. "McLeod Russel is well placed because we have the capacity for orthodox tea," said Azam Monem, director, McLeod Russel. About 10 per cent of McLeod's production is orthodox tea.
India has overtaken the United States (US) to become the second-most sought-after manufacturing destination globally, driven mainly by cost competitiveness, according to real estate consultant Cushman & Wakefield. China remains at number one position, the consultant said in its 2021 Global Manufacturing Risk Index, which assessed the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC). "India takes the second spot after China as the most sought-after manufacturing destination globally," Cushman and Wakefield said in a statement. The US is at third position, followed by Canada, Czech Republic, Indonesia, Lithuania, Thailand, Malaysia and Poland. In last year's report, the US was at second position while India ranked third.
In para taekwondo, India will be solely represented by 21-year-old Aruna Tanwar. The Haryana-based athlete, who will participate in the women's under 49kg K44 category, will be in action on September 2 from the round-of-16 rounds.
He said that "the state of the border will determine the state of the relationship, that's natural".
'The recent correction in indices has made the markets cheaper to invest for the long term.'
The winners of the Open category of the 2022 Sony World Photography Awards have been revealed.
WHO emergencies head Mike Ryan have urged countries to continue enforcing health measures such as mask-wearing, social distancing, hand-washing and testing.
The US "Indo-Pacific Strategy" is bound to be a failed strategy, Wang said in the comments posted by the Chinese foreign ministry on its website.
'Our record and our actions and stances is fairly clear and by criticising it repeatedly, it doesn't make us less credible'
Mbappe and Benzema inspire France to 2-0 win against Finland
India is pursuing sales to South East Asian countries that are wary of Chinese aggression, including Vietnam and the Philippines.
'The Chinese are retaining geostrategic pressure on India by keeping troops there and building infrastructure continually.'
With Scooters India shutting down, the brand that launched the PSU in India finally rides into the sunset.
Biden welcomed Prime Minister Modi at the Summit and said "it is wonderful to see you again in person".
India on Monday joined a US-led initiative to set up an Indo-Pacific Economic Framework to bind partner countries to achieve common goals, with Prime Minister Narendra Modi asserting that New Delhi will work with the stakeholders to make it an "inclusive and flexible" structure to pave the way for development, peace and prosperity in the region.
Harris, in a major foreign policy speech as part of her three-day visit to Singapore, said America's vision includes the freedom of navigation which is vital to all.
'You have to be a total anti-national bozo to shut down the Nokia plant in Sriperumbudur, which was the first large manufacturing plant for mobile phones in India.' 'Why was the unit shut down? Because of somebody's ego.'
The World Photography Organisation has announced the overall winners of the prestigious Sony World Photography Awards 2022.
The statement of Commander of US Indo-Pacific Command Admiral John Aquilino on Wednesday came ahead of the 15th round of high-level military talks between India and China on March 11.
The remarks of White House Press Secretary Jen Psaki came ahead of the 14th round of military-level talks between India and China on the 20-month row in eastern Ladakh.
Describing Lord Buddha as the inspiration for India's Constitution even today, Prime Minister Narendra Modi on Wednesday said Buddha resides in the soul of humanity and connects different cultures and countries.
Russia has informed the United Nations Security Council that Russian buses are ready at crossing points to go to the eastern Ukrainian cities of Kharkiv and Sumy to evacuate Indian students and other foreign nationals who are stranded there, amidst the raging conflict in the East European country.
