Biden's proposal also sets aside USD 20 billion for a national vaccination programme and USD 50 billion to scale up coronavirus testing.
Citing India's commitment to deep economic reforms and ease of doing business, Prime Minister Narendra Modi asserted on Monday that this is the best time to invest in the country as policy-making is focussed on the needs for the next 25 years for a 'clean and green' as well as 'sustainable and reliable' growth period. In his special address to the World Economic Forum's online Davos Agenda 2022 summit, Modi underlined a host of reform measures undertaken by his government to stress that it has worked to reduce the administration's interference in business by deregulating many sectors and to clear the way for free trade agreements with different countries. India was once associated with "license raaj", he noted and highlighted the measures, including reduction of corporate tax to boost business and doing away with over 25,000 compliance requirements.
Tirumurti said India continues to remain deeply concerned at the worsening situation and reiterates its call for immediate cessation of violence and end to hostilities.
United Nations Secretary-General Antonio Guterres said on Monday that he has been in 'very close contact' with India and other countries on mediation efforts towards bringing an end to the war in Ukraine.
It is important for working professionals to not get attached to a designation or title or brand or a company name, asserts Aditya Malik, MD & CEO, Talentedge.
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.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
Traders who pay in rupees generate over Rs 50 crore in daily cryptocurrency volumes. Indians actually invest a great deal more in forex-denominated trades, observes Devangshu Dutta, explaining why it is impossible to ban cryptocurrency.
Heading G20 will give India a foreign affairs year like it has never had in history. You can trust Narendra Modi to exploit this to India's benefit. And, of course, to his own in his election year, explains Shekhar Gupta.
Paula Badosa survived a stiff challenge from Victoria Azarenka in the Indian Wells final, while Cameron Norrie battled back to defeat Nikoloz Basilashvili.
Investors took the Yes Bank event negatively because it raises a question on the stability of the overall Indian financial system.
'From the very start, PM Modi was insistent that visiting foreign leaders should be exposed to an India beyond its capital.' 'Through these experiences, he felt that the full Indian narrative would be much better understood across the world,' explains External Affairs Minister S Jaishankar. A riveting excerpt from Bluekraft Digital Foundation's Modi@20: Dreams Meet Delivery.
Former environment minister Jairam Ramesh on Thursday virtually backed the non-governmental organisation Greenpeace in the backdrop of an Intelligence Bureau report warning that the NGO is a threat to the country's economic growth.
The UN Conference on Trade and Development (UNCTAD) said in a report on Monday that a lower but positive economic growth in India in the post-Covid-19 pandemic period and India's large market will continue to attract market-seeking investments to the country. The World Investment Report 2020 by UNCTAD said that India was the 9th largest recipient of FDI in 2019, with 51 billion dollars of inflows during the year, an increase from the 42 billion dollars of FDI received in 2018, when India ranked 12 among the top 20 host economies in the world.
Underlining that years of economic stagnation have given way to a "roaring geyser of opportunity", Trump said, "I knew that if we unleashed the potential of our people, cut taxes, slashed regulation, fixed broken trade deals and fully tapped American energy that prosperity would come thundering back ... and that is exactly what happened."
Singh highlighted eight specific areas for cooperation between India and China.
FutureBrand, which is a global brand transformation company, said part of Reliance's success could be attributed to Mukesh Ambani's recasting of the firm as a one-stop-shop for Indians.
Meanwhile, investors pulled out a record $14.45 billion out of bond funds tracked by EPFR Global, as fears that US monetary policy will tighten in the second half of the year prompted more investors to head for the exits.
Russia and China have a broad consensus today on almost all core issues related to global strategic stability, which is unprecedented in modern history, observes Ambassador M K Bhadrakumar.
I look forward to many years of success and friendship, working together to solve not only our problems, but world problems and problems of great danger and security, says President Trump in Beijing.
Prime Minister Dr Manmohan Singh on Tuesday left for Italy to attend the G-8 summit in L'Aquila.Before his departure, Dr Singh said he would project India's views on major global issues related to the world economic and financial crisis."During my visit, I will discuss several issues relating to the world economic and financial crisis and its impact on development, food and energy security, climate change, international trade negotiations and reform with G-8 leaders," he said
Axis Bank was the top gainer in the Sensex pack, surging over 13 per cent, followed by ICICI Bank, IndusInd Bank, Maruti, TCS, Kotak Bank and Reliance Industries. On the other hand, Nestle India, HUL, Tech Mahindra and Sun Pharma ended in the red. NSE Nifty zoomed 273.95 points, or 3.03 per cent, to finish at 9,266.75.
However, the growth during the next financial year would be higher at 8.1 per cent in case of a second wave of the coronavirus and bit slower at 7.9 per cent if the virus recedes and remains under control.
The consortium of UAE-based businessman Murari Lal Jalan and London's Kalrock Capital -- which has won the bid to revive Jet Airways -- on Monday said it expects to start operating the airline by the summer of 2021.
'The term 'pro-growth' must be qualified somewhat because, while a rising tide will lift all boats, it will not necessarily do so equally.'
During the meeting with President Barack Obama, Singh said, there was a need to "rewrite" the architecture of global economic system in which the G-20 could play an important role.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
ONGC was the top loser in the Sensex pack, cracking over 16 per cent, followed by Reliance Industries, IndusInd Bank, Tata Steel, TCS, SBI, ICICI Bank and Bajaj Auto.
The world economy will consume in the next five years far less oil than previously assumed, the western countries' energy watchdog said on Friday in a further sign of the impact of the global economic crisis on commodities markets.
Prime Minister Narendra Modi has met his Australian counterpart Scott Morrison in Washington, DC, ahead of the first in-person Quad meeting to be hosted by US President Joe Biden and discussed a broad range of issues of bilateral, regional and global importance, including the Indo-Pacific.
This analysis is based on the quarterly earnings for 724 companies.
Though a weak dollar will lend some support to revenues and margins in FY21, the demand environment will outweigh any gain.
The oil crisis could not have come at a worse time for the Modi government as its tax collection has fallen short of its 2020-2021 target by Rs 5.2 lakh crore.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
L&T was the top loser in the Sensex pack, dropping 4.99 per cent, after the engineering major posted a 45 per cent decline in consolidated net profit for the September quarter. Titan, ONGC, Axis Bank, HUL, NTPC, M&M and HDFC were the other major laggards, shedding up to 3.32 per cent. NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
After two decades, the SCO appears to be at a cross-roads with the US withdrawal from Afghanistan, asserts Srikanth Kondapalli, the leading China expert.
Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot.
The new IIP series based on the new base year, is expected to lead to better capturing of ground data
'... as has been happening in the last three weeks, then the foreign exchange reserves will not be comfortable to ensure that the rupee does not fall drastically.'
The host country has been pressing for a discussion at the 10th G20 Summit on the conflicts in Syria and the worst migrant crisis since World War II.
