India's Navy has commissioned its new Russian-made guided missile frigate, INS Tushil, in the Russian coastal city of Kaliningrad. The ship, part of a $2.5 billion deal for four stealth frigates, is expected to significantly enhance the Indian Navy's capabilities in the Indian Ocean. The commissioning ceremony was attended by Defence Minister Rajnath Singh, Chief of Naval Staff Admiral Dinesh K Tripathi, and other senior Indian officials. Singh described the commissioning as a testament to India's growing maritime strength and a milestone in its long-standing ties with Russia. The INS Tushil, an upgraded Krivak III class frigate of Project 1135.6, boasts advanced stealth features and stability characteristics, and incorporates 26% indigenous content thanks to collaboration with Indian naval specialists and Severnoye Design Bureau.
Divith's journey to the top was a rollercoaster ride, showcasing resilience and tactical brilliance.
However, copious oil supplies amid growing global output and slowing Chinese oil consumption will put India in a better bargaining position with Gulf suppliers.
'80% of start ups fail because they don't have a support system to help them in the very early phase.' 'It's not just an idea that takes an entrepreneur through the initial three years of journey.' 'What plays a definitive role in making a start-up successful is idea+team+capital+mentors+access to a larger ecosystem.'
'With India's growing capabilities in the space sector, this creates promising opportunities for enhanced collaboration and market access.'
Intern-Zip will teach 'technical savviness', soft skills and professional development. It would skill individuals in Microsoft Office and ChatGPT. It will include communication, problem-solving, time management, professional grooming, and networking.
With over 80 million Unified Payments Interface (UPI) users, Amazon Pay, the payments business of e-commerce giant Amazon, has been growing at 40-50 per cent year-on-year (Y-o-Y), said Mahendra Nerurkar, chief executive officer (CEO) and vice-president (V-P), Amazon Pay India. "Leveraging just the micro peer-to-peer (P2P) transactions on UPI is not a business model. "While we have enabled those features, we do not chase monthly active users based on this.
'Women are taking on key roles in warehouses, such as picking and packing, as well as in our last-mile operations across India.'
Prime Minister Narendra Modi urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around $3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years.
With 7 per cent economic growth, India is not creating enough jobs as reflected by the number of applicants for vacant posts in some states, Reserve Bank's former governor Raghuram Rajan said and suggested the government needs to focus on promoting labour-intensive industries to generate employment. Rajan further said some Indians, especially those at upper level, are comfortable and have high incomes, but consumption growth from the lower half of the country has still not recovered to pre-pandemic level.
Ambani won unanimously with 100 per cent of vote at the 142nd IOC session in Paris.
Some elements are creating obstacles in the path of India's development and are fearful of its rise on the global stage, but they will not succeed, he asserted.
Many big countries are facing difficulties in doing so for their citizens, Modi said.
It seems in the geopolitics of the 21st century, we can see the subcontinent acting as one geopolitical entity to secure its economic interests. Key to this transformation is a strong India that is pre-eminent but not dominant, notes Colonel Anil A Athale (retd).
Net direct tax collection grew 21 per cent to over Rs 4.62 lakh crore so far this fiscal, on higher advance tax payment by corporates.
Addressing the 76th United Nations General Assembly session here, Prime Minister Modi said that today, every sixth person in the world is an Indian.
Aishwarya Rai Bachchan was spotted at Mumbai airport as she left for Cannes.
'We are sure FY25 is going to be better...But to call out that all problems are behind us is a bit early.' 'The underlying business sentiment has not changed significantly.'
Moody's Ratings on Tuesday said India's growing water shortage can disrupt farm and industry sectors and is detrimental to the credit health of the sovereign as rising food inflation and decline in income may spark social unrest. It said decreases in water supply can disrupt agricultural production and industrial operations, resulting in inflation in food prices and hence can be detrimental to credit health of sectors that heavily consume water, such as coal power generators and steel-makers.
Severe skilled, unskilled shortage threatens to pull emergency brakes on India's industrial engine.
If that happens, India's economic size will be just shy of $20 trillion and its annual per capita income will be about $10,000, when the country celebrates its centenary of independence.
Leading economists have pencilled in a high 13-15.7 per cent uptick in the economy in the first quarter of 2022-23 with an upward bias. Soumya Kanti Ghosh, the group chief economic adviser at State Bank of India, on Tuesday said he expects the GDP to clip past 15.7 per cent in the first quarter with more chances of the final numbers printing in higher, while Aditi Nayar, the chief economist at the rating agency Icra, said the economy will grow much lower at 13 per cent in the June quarter. The national statistical office will announce the first quarter GDP numbers later next week.
Politics is not on the radar of 18 to 21-year-old Indians, reveals Rama Bijapurkar.
Prime Minister Narendra Modi on Monday congratulated Defence Research and Development Organisation (DRDO) scientists over the first flight test of indigenously developed Agni-5 missile, capable of deploying multiple warheads.
Indian coffee shops market over the next four-five years will grow between 6 and 18 per cent CAGR, all due to the growing coffee culture among the youth, increasing urbanisation, rising disposable income levels and changing eating and drinking preferences, says Atanu Biswas.
The Indian Navy, which was earlier looking towards the US for design expertise, technical know-how and operational practices, is now considering the advantages of working with the Royal Navy.
The Indian contingent has surpassed its previous record from the 2018 Asian Para Games in Hangzhou, China, with a total of 73 medals in the current edition.
The World Bank on Tuesday projected India's economy to grow at 8.3 per cent in 2021 and 7.5 per cent in 2022, even as its recovery is being hampered by an unprecedented second wave of the COVID-19, the largest outbreak in the world since the beginning of the deadly pandemic. The Washington-based global lender, in its latest issue of Global Economic Prospects released here, noted that in India, an enormous second COVID-19 wave is undermining the sharper-than-expected rebound in activity seen during the second half of Fiscal Year 2020/21, especially in services.
It is the first warship to have been named after a city from the Northeastern region, the approval for which was accorded by the President in April 2019.
Singh said India has intensified patrolling of the seas after the recent attacks on merchant navy ships.
'In Eastern Ladakh the Chinese attempted salami slicing.' 'Our response has been superb. Our military has responded magnificently.'
Prime Minister Narendra Modi on Monday expressed confidence that the NDA will get more than 400 seats and the BJP will win at least 370 seats in the Lok Sabha elections.
The US on Tuesday said it was "deeply concerned" about the allegations made by Canadian Prime Minister Justin Trudeau on India's involvement in the killing of a Sikh separatist leader in Surrey, and urged New Delhi to "cooperate" with Ottawa in the investigation of the incident.
'A strong positive relationship with India is essential to achieving long-term US goals such as regional security and stability, reduced tensions with Pakistan, and wide-ranging cooperation to counter extremism,' Admiral Robert Willard, said in his confirmation hearing for Commander of US Pacific Command.
The country's economy will start witnessing a growth of 6.5 to 7 per cent from fiscal 2023 onwards, helped by various reforms undertaken by the government so far and also as COVID-19 vaccination drive progresses, Chief Economic Advisor Krishnamurthy Subramanian said. He said the second wave of COVID-19 is unlikely to have a very significant on the economy. The country's economy contracted by 7.3 per cent in fiscal 2020-21. "Together with the reforms and focus on vaccination, I expect growth to start hitting close 6.5 to 7 per cent from FY23 onwards and accelerate from there on," Subramanian said at a virtual event organised by Dun & Bradstreet.
'Until the situation changes, I expect Washington to continue to behave the same way.'
The first summit in South Asia, it will host the largest delegation of 43 heads of State and government as well as the heads of international organisations.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
India and the US agreed to continue their cooperation in the areas of defence, space and clean energy as External Affairs Minister S Jaishankar met Secretary of State Antony Blinken here, amid a simmering diplomatic row between India and Canada over the killing of a Khalistani separatist.
Union Home Minister Amit Shah on Saturday warned that Bihar's areas close to the borders (seemant) will become 'infested with infiltrators' if Prime Minister Narendra Modi was not voted back to power.
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