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."
China on Wednesday said it was opposed to the joint Indo-US military exercises being held near the Line of Actual Control (LAC), asserting that it violates the spirit of the two border agreements signed between New Delhi and Beijing.
The report said that Indian officials believe China is trying to contain India by forcing it to divert more resources into defending simultaneously both its western border with Pakistan and eastern flank with China and by weakening its willingness and ability to challenge Chinese ambitions to dominate the region.
In his opening remarks at the virtual summit of the Shanghai Cooperation Organisation (SCO), Modi also said that some countries use cross-border terrorism as an instrument of their policy and the grouping must not hesitate to criticise them.
The court asked the UP govt to get examined the disputed premises by a five-member team of the ASI at its expense.
Chief Justice of India (CJI) D Y Chandrachud on Tuesday said the greatest challenge before the Indian judiciary is to eliminate barriers to accessing justice and make sure that the judiciary is inclusive and accessible to the last person in the line.
The Supreme Court ordered on Monday that no invasive work would be undertaken by the Archaeological Survey of India (ASI) to determine if the Gyanvapi mosque located next to the Kashi Vishwanath temple in Varanasi was built upon a temple and agreed to hear a plea moved by the mosque committee during the day.
We must heed what the CJI has said. Challenging every judgment of the central government is inviting chaos, asserts Shreekant Sambrani.
Several former colleagues say Kejriwal is undemocratic. But his loyalists stand stoutly behind him
According to media reports in Kathmandu, China has allegedly constructed 11 buildings on the Nepalese territory in the Humla district bordering Tibet. The disputed area lies in Lampcha village of Namkha Rural Municipality in Humla district.
The first three killings came in a space of 72 hours earlier in the week, while the fourth victim, from Bhopal, fell prey a few hours before Dhurve was arrested.
Keen to settle the India-Pakistan dispute 'once and for all,' HD Deve Gowda spoke to his then counterpart Nawaz Sharif over the phone and the two hit it off quite well but his government fell before they could meet, says a recent biography of the former Indian prime minister.
The submission was made before Justice Yashwant Varma who was hearing a batch of petitions concerning the suspension and deletion of accounts of several social media users, including Twitter users.
'We will stand with friends, partners and allies to advance our shared prosperity, security and values in the Indo-Pacific region'
India's trade with the Gulf-Arab region stands at $180 billion. India needs the Gulf region more in terms of trade, investments and employment than the other way round. When it comes to faith, the Gulf-Arab nations have not been found wanting at any point in time, points out N Sathiya Moorthy.
So far, most of those horrified by the dramatic evidence that surfaced last week of Telecom Minister A Raja's largesse on 2G spectrum costing the nation $10bn (that on 3G will probably cost another $5bn) have comforted themselves with one thought: maybe the Telecom Dispute Settlement and Appellate Tribunal, which is hearing the case, will conclude the policy changes were illegal and smacked of favouritism.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
.jpg)
SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
Though another 75 candidates are in the fray, the Elangovan-Thennaruasu fight has become a prestige battle for the DMK and AIADMK, points out N Sathiya Moorthy.
A 5-judge Constitution Bench headed by Chief Justice Ranjan Gogoi, in its historic verdict delivered on a court holiday, held that the lawsuit of the deity was "within the period of limitation" and granted the title decree in its favour.
'A participant in many rounds of the border talks with China once told me that China seemed not interested in resolving the border issue as it wanted to keep it as a ready excuse to intervene in the sub-continent,' says Colonel (retd) Anil A Athale.
Alonso said he had huge respect for Hamilton and had no problems with him.
'China would want to take a tougher stance against India forming those strategic partnerships and prevent Quad from becoming a military alliance.'
Any settlement with Pakistan won't last unless it comes with big power guarantees, says Shekhar Gupta.
US Vice President Kamala Harris would host a separate meeting with the prime ministers of three Quad countries -- India, Australia and Japan -- at the White House to discuss with them the important factors for democracies to go forward, officials said.
'God has given me everything -- wealth, success, a good wife and good friends. I wish He gives me good health.'
The bench questioned as to how the belief of Hindu worshippers can be challenged with regard to existence of 'janmasthan' and said the "sanctity of belief" that Lord Ram took birth there and whether it was genuine or "frivolous" can only be tested under Hinduism.
The life insurance kind of 'statutory nomination', which confers final ownership on the nominee, is the need of the hour for all assets, suggests Harsh Roongta.
Russian President Vladimir Putin arrived in Beijing on Friday for the 2022 Winter Olympics and a meeting with Chinese President Xi Jinping, bringing with him a deal to increase natural gas supplies to China amid rising tension with the West.
The bench on October 16 had reserved the judgment after marathon hearing of 40 days.
A five-judge Constitution bench headed by Chief Justice of India Ranjan Gogoi, which started the day-to-day proceedings on August 6 after mediation proceedings failed to find an amicable solution to the vexatious dispute, has revised the deadline for wrapping up the proceedings and has fixed it on October 17.
Nepal said it was confident that both its "friendly neighbours" India and China will resolve their border stand-off at the Line of Actual Control through peaceful means.
The bill to nullify retrospective taxation offers a fair solution within the framework of Indian law and Parliamentary sovereignty to companies which have been subjected to such demands, Finance Secretary T V Somanathan said on Thursday. Finance Minister Nirmala Sitharaman introduced 'The Taxation Laws (Amendment) Bill, 2021' in the Lok Sabha that seeks to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets. The Bill provides for the withdrawal of tax demand made on "indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012 (i.e. the day the retrospective tax legislation came into being)."
'It may be prudent not to plunge into a new online tax appeals system in one go, which could only create more disputes and increase the embarrassingly high tax arrears of the government,' warns A K Bhattacharya.
highlights of the Supreme Court judgment in which it unanimously granted the entire 2.77 acre of the disputed Ram Janambhoomi-Babri masjid land in Ayodhya to deity Ram Lalla.
The case has been brought by Srichand Parmanand Hinduja, 84, described as the "patriarch" of the family, against brothers G P Hinduja, 80, P P Hinduja, 75, and A P Hinduja, 69, and revolves around the "validity and effect" of a letter dated July 2, 2014. The letter includes statements to the effect that the brothers appoint each other as their executors, and that assets held in any single brother's name belong to all four. A related second letter, dated July 1, 2014, is also linked to the dispute.
The protracted disagreement between Cardiff City chairman Vincent Tan and manager Malky Mackay reached its inevitable conclusion on Friday when the Scot was sacked seven months after winning promotion to the Premier League.
A resolution to this effect was passed at the party's general body meeting in Hyderabad, party sources said.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
