Prime Minister Narendra Modi on Sunday called for a global framework for ethical use of Artificial Intelligence (AI) as he flagged concerns surrounding bias in such modern technologies and their impact on the society. Days ahead of the G20 Summit, the prime minister also made a strong case for developing an integrated approach to deal with issues concerning cryptocurrencies. Modi, addressing B20 Summit India 2023 organised by CII, said India is preparing a global framework for Green Credit and urged industry leaders to adopt life and businesses with emphasis on planet positive actions.
'The group commands 85 per cent of the global GDP, and if you are able to convey your point of view effectively to this group then you have reached more or less all the important players that matter.'
India's unabated tryst with Russian crude oil is slowly coming to an end. The time has come for Indian refiners to navigate, creatively, the choppy waters of the post-honeymoon period, and for Indian policymakers to take cognisance of the broader impact on India from the spillover of the Russian crisis - after Washington's warning to transgressors last week. Shipments from Russia to India have averaged over 1.8 million barrels a day since February, according to data from Paris-based market analytics firm Kpler. But much of the crude shipped to India was non-sanctioned because it traded below a price cap set by the US led G-7 nations in December.
Morocco change the mood for African football with exploits in Qatar
Power crisis has deepened in Uttar Pradesh with closure of one more unit of Anpara thermal power project due to a technical snag, prompting Chief Secretary Alok Ranjan to ask officials to find a solution to meet electricity shortage in the state.
Modi called business communities and governments to work together to ensure usage of ethical AI as "we have to sense the potential disruptions in different sectors. This problem has to be solved under the global framework."
India believes in sabka saath, sabka vikas, sabka vishwas, sabka prayaas and walks ahead with it, Modi said.
China has signalled that it will prevent India from assuming leadership of the Global South, observes Ambassador T P Sreenivasan.
Blinken will also attend a meeting of the foreign ministers of the Quad grouping and will hold bilateral talks with his Indian counterpart S Jaishankar in Delhi.
A pregnant Sri Lankan woman, who had been in a queue for two days to obtain a passport to leave the crisis-hit country for employment overseas, went into labour while waiting for her turn on Thursday and delivered a baby girl.
Aziz said the comprehensive dialogue in January between Pakistan and India will focus on all outstanding issues, including Kashmir.
Raking up the border issue, Congress leader Rahul Gandhi on Friday said every individual in Ladakh knows that China has "taken away our land" and claimed that Prime Minister Narendra Modi's assertion that not an inch of land was taken away was "absolutely false".
Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
As Prime Minister Narendra Modi embarks on a tour of three European nations, India on Sunday once again called for the cessation of hostilities in Ukraine and resolution of the conflict through dialogue and diplomacy, noting that was an appreciation of its position on the crisis by its partner countries.
'In terms of semiconductors, challenges do remain in the pan industry, but I think we are much better than where we were a year or so back.'
India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for engagement.
The external environment has worsened further. While the Finnish economy entered into a recession, Swedish economic growth also dipped. The Finnish gross domestic product (GDP) dropped 0.6 per cent in October-December, 2022. It was the second quarter of negative growth, which is a technical definition of recession.
Leaders at the G20 summit on Wednesday called for an immediate end to the Ukraine conflict, holding that "today's era must not be of war", a formulation that echoed Prime Minister Narendra Modi's message to Russian President Vladimir Putin in September.
Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).
India is also likely to push for a Free Trade Agreement with the Eurasian Economic Zone and is sharing details of the study it conducted in this regard.
Prime Minister Narendra Modi on Friday pushed Russian President Vladimir Putin to end the conflict in Ukraine, saying 'today's era is not of war' even as he called for finding ways to address the global food and energy security crisis.
In his meeting with Putin, Modi said "today's era is not of war" and nudged him to end the conflict.
The talks took place on the sidelines of the G-20 foreign ministers' meeting in the Indonesian city of Bali.
During a crisis situation, effective communication both internally and externally is one of the most important measures.
On Pakistan, the publication quoted him as saying that India wants "normal and neighborly relations."
In a tweet, Zelenskyy said he counted on New Delhi's support for the implementation of his "peace formula", which he had proposed during a virtual address at the recent G20 summit in Bali.
This year's edition, three years lost to the pandemic and scheduling, wore a distinctive shade of green, and, as would befit an era of technology shift from internal combustion engines to electric motors, had a clutch of high-technology exhibits and concepts. But the excitement of the expo's heyday was missing.
Pointing at regulation of environment sector as a case in point, Goyal said the sector suffered due to "over regulation as regulators are not able to justify many decisions"
From Jammu and Kashmir to Andhra Pradesh, consumers are facing power cuts ranging from 2 hours to 8 hours.
'India matters significantly to President Biden and to this administration, and not just in South Asia or the Indo-Pacific region, but truly globally.'
Sukanya Verma gives us a lowdown on all those wonderful movies she saw and movies you need to see as and when they arrive to a screen or streaming space near you.
Not so hatke after all, but no reason to stay bachke either, notes Sukanya Verma.
Jaishankar said he apprised Prime Minister Shmyhal of "India's principled position that emphasises cessation of all hostilities and return to dialogue and diplomacy."
'At the heart of the strategic relationship between our countries are economic ties.'
Prime Minister Narendra Modi spoke with Ukrainian President Volodymyr Zelenskyy on Tuesday and asserted that there can be no military solution to the Ukraine conflict, while also underlining that endangerment of nuclear facilities could have catastrophic consequences.
A massive power failure hit Pakistan after midnight as authorities struggled on Sunday to restore electricity supply in the country which has been plagued by a crippling energy crisis.
The rouble has fallen about 45 per cent against the dollar this year.
'Investors should continue to invest because you are looking at the long-term; in the next four to five years, we are bound to outperform (the rest of the world equity markets).'
Diversified entity ITC Ltd on Thursday reported a 22.66 per cent rise in consolidated net profit at Rs 5,225.02 crore in the fourth quarter ended March 2023, led by a strong growth momentum across operating segments. The company had posted a net profit of Rs 4,259.68 crore a year ago, ITC Ltd said in a regulatory filing. Its revenue from operations increased 7 per cent to Rs 18,799.18 crore in the period under review against Rs 17,754.02 crore in the year-ago period.
The two leaders discussed the Ukraine crisis and several regional and global issues including increasing trade relations and cooperation in the field of mitigating the impact of climate change during their bilateral talks at the Danish Prime Minister's official residence in Mareinborg near Copenhagen.
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