The annual threat assessment of the US Intelligence Community released by the Office of Director of National Intelligence (ODNI) also said that the 'expanded military posture by both India and China along the disputed border elevates the risk of armed confrontation between two nuclear powers that might involve direct threats to US persons and interests and calls for US intervention'.
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.
Consumption of gold is the highest among middle-income households - those with annual income between Rs 2 lakh and Rs 10 lakh - who account for an average of 56 per cent of gold sales over the last five years, according to a nationwide survey conducted by India Gold Policy Centre (IGPC) at the Indian Institute of Management, Ahmedabad (IIM-A). "Per capita consumption is highest among the rich, but total volume still rests with the middle-income group. "With increasing income, there is an increasing propensity to consume gold, although the share of gold in the portfolio does not increase with the same proportion of income," the survey report says.
After three consecutive years of infusing huge funds, foreign portfolio investors retreated from the Indian equity markets in a big way in 2022 with the highest-ever yearly net outflow of nearly Rs 1.21 lakh crore. The huge outflow, which surpasses by a big margin the previous record of Rs 53,000 crore net withdrawal in 2008, came amid aggressive rate hikes by central banks globally but 2023 is expected to be better on positivity about overall macroeconomic trends in India, experts said. Apart from global monetary tightening, volatile crude, rising commodity prices along with Russia and Ukraine conflict led to an exodus of foreign money in 2022.
Mahinda Rajapaksa is a democratically elected leader who received a massive mandate of 71% of votes, and he owes nothing to Delhi or Washington for staging his political comeback, observes Ambassador M K Bhadrakumar.
'Under National Security Advisor Ajit Kumar Doval and now Chief of Defence Staff General Bipin Rawat, India began to actively work on Pakistani internal faultlines with a possibility of the break-up of Pakistan as the only solution,' observes Colonel Anil A Athale (retd).
The domestic aviation industry is expected to report a net loss of Rs 25,000-26,000 crore this fiscal with elevated jet fuel prices and fare caps continuing to pose a major challenge for the airlines' profitability, domestic rating agency ICRA Ltd said on Thursday. The domestic airlines, however, are likely to post a reduced net loss of Rs 14,000-16,000 crore in the next financial year on the back of a "notable recovery" in air passenger traffic and lower level of debt, ICRA said. The ratings agency also estimates that the industry will require an additional funding in the range of Rs 20,000-22,000 crore during FY22-FY24.
One has to wonder what is so wrong with the European Union.
Retail inflation hit an eight-month high of 6.07 per cent in February, remaining above the RBI's comfort level for the second month in a row, while wholesale price-based inflation soared to 13.11 per cent on account of hardening of crude oil and non-food item prices, government data showed on Monday. The previous high for retail inflation was 6.26 per cent in June 2021. The consumer price index (CPI) based retail inflation, which is taken into account by the Reserve Bank of India (RBI) while deciding its monetary policy, rose mainly because of costlier food items, as per the data released by the National Statistical Office (NSO).
The alacrity with which regional States responded to Delhi's invite signals that expectations are high regarding an Indian role in the efforts to stabilise the situation in Afghanistan, observes Ambassador M K Bhadrakumar.
It stands to reason that at the meeting on Friday, Pope Francis conveyed to the Kremlin, some message in regard of the developments in Ukraine. The long duration of the meeting in the Russian embassy flags that it was substantive. Indeed, it took place even as the first Russian tank column was sighted on the outskirts of Kyiv, notes Ambassador M K Bhadrakumar.
After his wide-ranging talks with Modi on the second and final day of his India visit, Johnson said the new defence and security partnership will enable India to strengthen its domestic defence industry as well as help the two countries protect vital shared interests in the Indo-Pacific.
The IAF chief also said Pakistan has become a pawn of Chinese policy and its dependence on China would increase further in future. He said India needs to understand the interplay of some major events in its vicinity that would impact the security scenario of the region.
'India finds itself in an unenviable situation today with its prospects diminished by acutely polarised domestic politics and the setbacks suffered during the pandemic,' notes Ambassador Shyam Saran, the former foreign secretary.
International oil prices retreated from an over seven-year high but was still above $100 a barrel and continue to pose threat to India's inflation rate and current account deficit. While there are no supply concerns as the oil route remained open, consumers will feel the pinch when PSU oil firms start passing on the increase in international rates through a revision in petrol and diesel prices, which have been on a pause for over three-and-a-half-months in view of elections in Uttar Pradesh and four other states. The government is "closely monitoring the situation" and will "take appropriate steps as and when required", a top official said. Brent crude oil surged past $105 per barrel on Thursday for the first time since August 2014, following Russia's invasion of Ukraine.
Singh also said that Indian troops are standing firm braving extreme weather and hostile forces to defend the country's territorial integrity.
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.
"The target is 2022. It is absolutely on target. I mentioned earlier. Except for one or two aircraft, minor delays because of COVID related issues, but, in fact, some deliveries have been ahead of time. So, broadly, we are absolutely on target on the Rafale induction plan," he said.
"Militants operating out of Pakistan and Afghanistan continue to threaten Afghan stability as well as stoke tensions between Pakistan and India," Gen Votel said.
A quintessential military commander, Gen Bipin Rawat possessed an uncanny understanding of geopolitical upheavals, calibrated a tri-services military doctrine to make India face myriad security challenges, and is largely credited with bringing down militancy in the Northeast and Jammu and Kashmir.
The Chinese coercion and aggression spans the globe, but it is most acute in the Indo-Pacific, it said.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business. The oil-to-retail-to-telecom conglomerate's consolidated net profit rose to Rs 16,203 crore in the quarter ended March 31, 2022 from Rs 13,227 crore, the firm said in a statement. Net profit, however, fell 12.6 per cent sequentially -- breaking a six-quarter chain of quarter-on-quarter improvement.
'Terrorists are killing ordinary citizens, huge crowds brave a pandemic to attend militant funerals, and artillery is booming on the LoC.' 'This April seems like a run-of-the-terror-mill Kashmiri spring: Violence is emerging like a prickly new bud,' warns David Devadas.
The broadcaster's live streaming platform Hotstar saw 100 million daily active users during the India-Pakistan match, making it the highest-ever single day reach for the platform.
Stocks of Indian companies with exposure to Europe fell on Tuesday amid concerns about the impact on their sales in case the Russia-Ukraine crisis worsens and the US and its allies impose economic sanctions on Russia. While top conglomerates, including Reliance Industries, the Tata group, and Aditya Birla Group, said they did not have any significant exposure to Russia, executives of some of the oil and gas, pharmaceutical, and tea companies said they were monitoring the situation closely as they earned substantial income from the region. Russian President Vladimir Putin on Monday ordered troops into two breakaway regions of eastern Ukraine after announcing that Russia would recognise their independence.
Akshay Kumar leads the show in a manner only he can. There is the right swag coming into the picture, but more important it is his deadpan style that works in favour of the character he is playing, applauds Joginder Tuteja.
The simultaneous rise of China and India is phenomenal, but serious concerns also arise on the bilateral relationship. After all, the lingering border dispute, geopolitical mismatches, inevitable conflict of interests, and a huge trust deficit between the two nations could all trigger tensions and even confrontation, bringing about disastrous consequences to both countries and the entire region.
'The Chinese fault lines are tremendous and we need to exploit them.'
Economics may be shifting power from the West to the East but the US would remain on top.
'India has to ensure its borders are properly sealed and there is no infiltration from PoK.
C Raja Mohan, Strategic Affairs Editor with the Indian Express, analyses the unfolding geopolitical change in the Indian Ocean and dwells at some length on the challenges that it poses for India's foreign and security policies.
Mandatory hallmarking of gold would be a positive in making the gold market more organised. Mandatory hallmarking would come into effect from January 15, 2020, with a one-year transition period for trade to sell existing inventories. Experts also expect more policy measures next year to bring in more transparency in terms of gold as an asset class.
Colonel Anil A Athale (retired) examines the geopolitics of the regions and explains ways in which India and step into the power vacuum that exists there.
He suggested that the new structures will emerge within one year's time.
'India knows very well that China will not be at a disadvantage in any China-India military operations along the border area'
Cricket matches between the two countries are among the most intense rivalries in global sport.
The festering dispute over the accession of Jammu and Kashmir stands out as one of the world's most volatile fault lines that divides regions, countries, societies, communities and ethnic groups, notes Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs, on Sheikh Abdullah's 39th death anniversary.
Gandhi has attacked the prime minister and the government over the India-China border conflict in Ladakh in the past as well and alleged their "failure" in handling the issue.
The entire gamut of China's activities is aimed at keeping India on tenterhooks, cause fatigue to its troops and keeping its security system unstable, so that it cannot play a meaningful role in international geopolitics as an effective partner of the US and Japan, observes Lieutenant General Syed Ata Hasnain (retd).
According to the report, Russia tops the table with 6,375 warheads, followed by the United States with 5,800, and the United Kingdom with 215 warheads.
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