Russia and Ukraine agreed last week to allow critical food supplies to flow to millions of impoverished people facing hunger worldwide.
Exporters are readying back-up routes to send their shipments to the nations belonging to the Commonwealth of Independent States (CIS), including Russia, as the war in Ukraine continues to intensify. Three routes are being explored. The first is the China route using Qingdao port. The second is the International North-South Transport Corridor (INSTC) route that connects Mumbai to Moscow via Iran and Azerbaijan.
RBI's projection of retail inflation at 6.8 per cent in the current fiscal is neither too high to deter private consumption, nor so low as to weaken inducement to invest, the Economic Survey said on Tuesday. However, entrenched inflation may prolong the tightening cycle and therefore, borrowing costs may stay 'higher for longer', it said. The Economic Survey 2022-23 was tabled in Parliament by Finance Minister Nirmala Sitharaman.
The enduring legacy of trade routes lies in shared stories and religious diversity. Can the India-Middle East-Europe Economic corridor harness this legacy to empower nations, asks Arundhuti Dasgupta.
The Ukrposhta, the Ukrainian Postal Service, released a postal stamp to commemorate the resistance of the Ukrainian soldier to surrender and the war cry 'Russian warship, go f*** yourself' that resonated on the Snake Island's Ukrainian military outpost on the Black Sea during the first day of the Russian invasion.
Ukraine's President Volodymyr Zelenskyy made his first trip to Ukraine's war-torn southern frontline cities, Mykolaiv and Odesa on Saturday, June 18, 2022.
If they can sit together and hammer out 'Black Sea Initiative' deal for much needed food shipments, surely, they should be able to address the madness of the larger military conflict?
The reaction came a day after India said at the United Nations Security Council that 'quiet and constructive diplomacy' is the need of the hour and that any step that could escalate the tension should be avoided.
Shipments of sunflower oil to India have started normalising after imports from war-torn Ukraine resumed beginning September after a gap of four months, leading to further normalisation of supplies. Ukraine has been the largest supplier of sunflower oil to India. However, after the Russia-Ukraine war broke out in February, supplies from Ukraine dwindled as Russia denied it access to the Black Sea ports.
'Units of the southern and western military districts, having completed their tasks, have already begun loading onto rail and road transport and will begin moving to their military garrisons today,' Russian Defence Ministry spokesman Igor Konashenkov said in his statement, reported The New York Times.
Prime Minister Narendra Modi arrived in Bali on Monday for the G20 Summit and bilateral meetings on its sidelines with key leaders attending this annual conference of the world's major economies.
Glimpses of the all around destruction caused by the Russian invasion of Ukraine, which began two months ago on February 24.
The symbolism of the sinking of a major naval ship is deeply complex and military history is replete with tales of how the loss of a single high value war ship perhaps impacted the larger war that the nation in question was engaged in, points out Commodore Venugopal Menon (retd).
India does not have any immediate plan to evacuate its citizens from Ukraine and its focus has been on ensuring their safety rather than on anything "larger", the ministry of external affairs said on Thursday.
For the past four months, 92-year-old Maria Nikolaevna has lived underground with her daughter, son-in-law and the family cat.
'In view of the continued high levels of tensions and uncertainties with respect to the situation in Ukraine, all Indian nationals whose stay is not deemed essential and all Indian students, are advised to leave Ukraine temporarily,' the embassy said.
The jewel-encrusted Topkapi dagger and the enormous Spoonmaker's Diamond set amongst two more rows of diamonds were truly gape-worthy!, Letika Saran tells us after a fascinating encounter with Istanbul.
India's exports may have touched an all-time high of $422 billion in 2021-22 but recession in key western markets and geo-political crisis due to the Russia-Ukraine war are expected to impact the growth of the country's outbound shipments in 2023. All the global trade promoting factors like political stability, movement of goods, adequate availability of containers and shipping lines, demand, stable currency and smooth banking systems are in disarray. Adding to the woes, COVID cases have again started rising in countries like China, Japan, South Korea and the US.
The Tu-154 model plane, which belonged to the Russian defence ministry, crashed shortly after take-off from the southern city of Adler.
The Russian warship Moskva, laden with long-range guided missiles, is a formidable symbol of Russian naval might in the fight against the Islamic State.
The United Kingdom government on Tuesday imposed tough sanctions against five Russian banks and three super-rich oligarchs from the country over President Vladimir Putin's aggressive action on the Ukraine border.
White House Principal Deputy Press Secretary Karine Jean-Pierre told reporters on Monday that the United States is actively working to reach a diplomatic solution to de-escalate the crisis.
Taking advantage of a Russian offer to sell its crude oil cheap and bear the cost of insurance and transportation, India may import as much as 2 million tonnes (mt), or roughly 15 million barrels of crude, from the sanctioned nation in 2022, Business Standard has learnt. This comes after reports that Indian Oil Corporation (IOC) bought 3 million barrels of Russian Urals from trader Vitol for May delivery. This will be on cost, insurance and freight (CIF) model, where the seller incurs the costs and pays the freight, including insurance charges.
'It makes no sense at all to leave because I have my whole family with me.' 'My wife and children are citizens here.'
Putin is looking beyond the current regime in Kyiv. Of course, if the Western military assistance to Kyiv continues in any form, Washington knows that Russia will regard it as a hostile act and there will be severe consequences, predicts Ambassador M K Bhadrakumar.
'When the war against Ukraine that Putin started is not going the way he was expecting it to and his military options are getting onerous, a bit of nuclear sabre rattling is what he hopes will turn things around for him and Russia.'
'If I had to describe my experience of the people in one word, it would be 'warmth'.' 'They opened their hearts and homes for us.'
Tirumurti said India 'has been in touch with all concerned parties. It is our considered view that the issue can only be resolved through diplomatic dialogue.'
A convoy with military equipment of the Russian southern military district units crossed the Crimean bridge on the way to the places of permanent deployment following the planned drills in Crimea, the Russian defence ministry said on Wednesday.
Huge demand for dry bulk commodities such as iron ore, coal, and grain has helped the Index touch a five year high recently.
Indian Oil Corporation (IOC), the nation's largest oil firm, has renewed a deal to buy up to 2 million tonnes of crude oil in 2022 from Russia's Rosneft, the Russian oil producer said. IOC had in February 2020 signed a deal with Rosneft Oil Company to import up to 2 million tonnes of oil via the port of Novorossiysk. In 2021, the deal envisaged supply of up to 1.7 million tonnes of crude oil but IOC bought just on parcel or shipload as the cost of transporting the oil made it uneconomical, when compared to alternatives. For 2022, the deal is for the supply of up to 2 million tonnes of oil from the Black Sea port of Novorossiysk.
The 66-year-old helped his side to an emphatic 14-7 win in the Night Hockey League.
The world is weird and we have the images to prove it!
We have not suffered such huge price shocks across so many basic commodities, at the same time, in decades. Has the inflationary impact of all this been factored into stock prices as yet, asks Debashis Basu.
It's that time of the year when the FIFA lovers will be in full cheer to support their favorite teams in the World Cup 2018.
Vladimir Putin climbed into a three-seat submersible craft on Tuesday to check out an ancient sunken ship found recently in the Black Sea off the coast of Crimea.
'If the Russian forces do capture Kyiv and set up some sort of provisional government, they might run into an insurgency, for which the geography is just right, it could prove costly for them.' 'In that event, the whole exercise could turn out to be counter-productive -- and costly in both foreign policy and domestic terms.'
Gastronomic tourism is the act of travelling for a taste of the place, in order to get a sense of the place.
'India enjoys the maneuverability of a coming big power.' 'It is this possibility that has persuaded Moscow to humour India and stayed Washington from getting punitive about India's neutrality on the Ukraine issue.'
The Americans have expended a lot of diplomatic energy to coax India into toeing their line but India has refused to buckle under pressure. As Foreign Minister Subrahmanyam Jaishankar said, India has not taken anyone's side but its own side, points out Virendra Kapoor.
