Speaking on the occasion of the 57th Raising Day of the Border Security Force (BSF) in Jaisalmer, Shah said for the Modi government, border security is national security and it is committed to providing the best border guarding technologies in the world to the force.
India's current account slipped into a deficit of $9.6 billion or 1.3 per cent of GDP in the September quarter, the Reserve Bank said on Friday. The current account, which records the value of exports and imports of both goods and services along with international transfers of capital, was in a surplus mode both in the quarter-ago and year-ago periods. India's current account surplus had stood at $6.6 billion or 0.9 per cent of GDP in the April-June 2021 quarter, while in the year-ago period (Q2FY22), the surplus had stood at $15.3 billion or 2.4 per cent of the GDP, the data said.
Suspected Bangladeshi nationals attacked a border outpost in Meghalaya, assaulted 2 BSF jawans and snatched their weapons on Wednesday night. Another group from the neighbouring country barged into the house of a Meghalaya resident and looted money.
At least two people are being treated for gunshot wounds after a shootout in the library of the Florida State University in the United States.
In yet another ceasefire violation, Pakistani Rangers on Thursday night resorted to small arms firing on border out-posts along the international border in Jammu, prompting BSF to retaliate.
Violating the ceasefire, Pakistani troops on Sunday fired on border out posts along the International Border in Jammu district.
The BSF claimed to have foiled the plans of terrorists to disrupt the Amarnath Yatra.
Ekta Mohanani Kamra, travel enthusiast and founder, Hop & Bop, lists places and activities to add to your monsoon bucket list.
A senior Border Security Force official said that Pakistan Rangers had resorted to heavy firing using small arms and few mortar shells in the in the Kanachak and Pargwal sectors.
In continued ceasefire violations, Pakistani troops resorted to night-long firing and mortar shelling targeting six Border Out Posts along the Indo-Pak border in Jammu district, forcing the Border Security Force to retaliate effectively.
India's widening current account deficit (CAD), driven by the massive spike in commodity prices led by crude oil, is set to put pressure on the fragile recovery, warns a brokerage report that has revised upwards its CAD forecast to $45 billion or 1.4 per cent of GDP by March. According to a report by British brokerage Barclays, the worries arise from the fact that the trade deficit has been jumping continuously since July. From an average monthly trade deficit of $12 billion till June, it has jumped to $16.8 billion in July-October, with September showing the highest-ever trade deficit on record at $22.6 billion, the report said.
With expectations of a significant rise in savings rate and share of working population over next 50 years in India, the current phenomenon of overall surplus in balance of payments may not be a temporary one, RBI deputy governor Rakesh Mohan said.
Crisis of growth is worsened by the challenging global environment and policy missteps. Returning to 9 per cent growth trajectory will be a tall order.
The pledging of gold to tide over a balance of payments crisis in 1991 became an emotive national issue at the time.
After several years of downgrades to the country's medium-term growth outlook, the estimates are likely to be upgraded now, Credit Suisse said in a report. The country's economy is showing signs of bottoming out, it said. According to the report, the consensus forecasts of GDP growth for FY2022 over FY2020 stopped falling after October 2020 (currently at (-) 1 per cent). Analysts at Credit Suisse expect these estimates to be revised upwards.
10 per cent for those who earn up to Rs 30 lakh a year and 25 per cent for those who earn more, suggests T C A Srinivasa-Raghavan.
With the rupee fast losing value against the US dollar, Finance Minister Pranab Mukherjee on Friday blamed volatility in global commodity prices for currency depreciation and said deteriorating balance of payment (BoP) situation in several Asian countries also put stress on currencies.
Altogether 159 cows, which were kept in a cattle shelter (Gaushala) have died since May 14 last, the officials said.
Five other civilians injured as Pak troops shelled border out posts along the IB.
The Border Security Force on Tuesday lodged a strong protest with the Pak Rangers over its "unprovoked" cross-border firing which killed one civilian and injured 14 in Jammu and Kashmir over past few days and warned that such acts or any other misadventure will not be tolerated at any cost.
Singh addresses a first-ever meeting of chief ministers of five Himalayan states.
The event was given a miss as the relations between the two countries are strained at present.
The Assam-Mizoram violence is an outcome of BJP trying too hard to 'integrate' distinct northeastern states, explains Shekhar Gupta.
In yet another ceasefire violation, Pakistani Rangers on Sunday resorted to small arms firing on forward Border Outposts along the international border in Jammu district.
These fresh violations came after a gap of one month and four days along Indo-Pak border in Jammu and Kashmir.
The global brokerage firm further said that BoP would be INR-supportive.
The Centre has decided to construct 509 new Border Outposts (BOPs) and complete the unfinished barbed wire fencing along the Indo-Pakistan and Indo-Bangla international borders, a top official said on Tuesday.
Violating the ceasefire yet again, Pakistani Rangers resorted to firing of mortar bombs on border out posts along the International Border in Jammu district.
The widening of the CAD on a year-on-year basis was primarily on account of a higher trade deficit at $50 billion
Pakistan on Monday displayed white flags along the International Border in Samba sector possibly as a mark for having peace but it did not respond to calls for a flag meeting between border guards to de-escalate tensions.
Two Border Security Force jawans were on Friday injured when Pakistani troops opened fire at seven border out posts and civilian areas along the International Border in Jammu and Samba districts.
A Border Security Force jawan was injured on Monday when Pakistani troops again violated the ceasefire, opening fire on forward area along Indo-Pak border in Samba district of Jammu and Kashmir.
Stability in currency markets was only restored from September.
Pakistani Rangers on Thursday indulged in heavy firing and mortar shelling on five border outposts and some villages in Jammu district which left four persons injured, a day after a woman was killed in the ceasefire violations prompting India to lodge protest with Pakistan.
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The trade deficit makes up an important part of the current account deficit, which had touched an all-time high of 4.8 per cent in 2012-13.
Unrest in Bangladesh's Khagracherri district has led around 90 Bangladeshi families to cross the unfenced Indo-Bangla border and take shelter at Tuichakma in Tripura's Dhalai district, official sources said on Wednesday.
Violating the ceasefire for the 14th time in the past 12 days, Pakistani troops on Friday targeted two border out posts along the International Border in Jammu sector drawing retaliation from Indian troops.
Pakistan Rangers violated ceasefire again by firing on outposts along the International Border in Jammu district, prompting Indian troops to retaliate.
Pakistani troops shelled mortars and opened heavy fire on 10 Border Out Posts along the International Border in Jammu and Kashmir, leaving two security personnel injured.
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