North Korea warns the US that it will soon 'suffer the greatest pain it ever experienced in its history'. Rajaram Panda looks at the latest twist in the North Korean crisis.
India remains North Korea's 2nd-largest import source after China, according to several estimates by multilateral bodies, says Subhayan Chakraborty.
India owes Iran around $8.8 billion primarily on account of crude oil imports.
The broader Nifty closed at 11,993.05, falling by 233.60 points, or 1.91 per cent. On the Sensex chart, Bajaj Finance was the top loser, dropping 4.63 per cent, followed by SBI, IndusInd Bank, Maruti, HDFC, Hero MotoCorp, Axis Bank, ICICI Bank and RIL
The International Monetary Fund (IMF), in its latest World Economic Outlook report, has slashed its forecast for India's FY23 gross domestic product growth to 8.2 per cent from 9 per cent, saying that higher commodity prices will weigh on private consumption and investment. This was one of the steepest cuts for emerging economies compared to the IMF's January WEO forecasts. Saying that global economic prospects have worsened significantly due to commodity price volatility and disruption of supply chains caused by the war in Europe, IMF cut its global growth outlook for calendar year 2022 to 3.6 per cent from 4.4 per cent, and said both Russia and Ukraine could experience large GDP contractions.
Like China, India too should connect the dots and move ahead with a long-term perspective in Afghanistan, advises Ambassador M K Bhadrakumar.
'The selling in India may emerge as soon as the RBI reverses its interest rate stance.'
Sources also said that India meets the criteria for a US sanctions waiver for procuring S-400 missile defence systems from Russia and the Trump administration has 'enough flexibility' on the issue.
'China is a friendly country and we welcome it for reconstruction and developing Afghanistan'
'The clean break between Russia and Europe that this foolish attack is creating may actually last long.' 'It will undermine Europe and benefit the US and China.'
Twitter can probably afford to wait it out. But would it have the moral courage to do so? asks Devangshu Datta.
The US side is yet to respond to the invitation but initial indication has been positive, it is learnt.
The LCH can provide our soldiers fire support in 15,000-16,000 feet-high contested areas like Depsang, Galwan and the heights north and south of the Pangong Tso, where Indian soldiers are facing off against Chinese intruders.
Trump called on Iran to "work together" to eliminate the Islamic State, saying the killing of ISIS chief Abu Bakr al-Baghdadi was "good" for Iran.
External Affairs Minister Salman Khurshid on Wednesday left for Iraq on a two-day visit aimed at deepening India's ties with the oil-rich Arab country.Khurshid, the first Indian external affairs minister to visit Iraq in last 23 years, will hold talks with his Iraqi counterpart Hoshiyar Zebari and discuss bilateral, regional and international issues of mutual interest.
The Central government is stuck between the devil and the deep blue sea as far as the runaway fuel prices are concerned.
'The prospects for both India and the global economy is that we are headed towards a very difficult time.' 'I see very uncertain at least 8-10 months for both India and the rest of the world.'
India will have to show more willingness to import, and since Biden will not encourage sale of oil and gas to bridge the gap, it means there has to be more meaningful duty reduction in other areas even if Delhi baulks at a Free Trade Agreement so soon after walking out of RCEP.
'The big power struggle in faraway Europe erupted at a most critical juncture when India has been increasingly sceptical about American policies and statesmanship,' argues Ambassador M K Bhadrakumar.
Diesel in Mumbai costs Rs 79.72 per litre at IOC outlets and Rs 79.79 at BPCL outlets.
The reserves in Farzad-B are almost thrice the largest gas field in India.
In his address, 69-year-old Khan also expressed disappointment over the Supreme Court's verdict on the National Assembly deputy speaker's controversial decision on the rejection of no-trust motion against him.
With two of its clusters - R-Series and Satellite Series - likely to start production in the next two years, the company looks to turn around production from this business.
India and China have already rejected the US' sanctions move.
BWith a distracted president brooding in the White House, Pompeo seems to think his day has come. He seems to be pushing a personal agenda before a target audience in America, observes Ambassador M K Bhadrakumar.
The Modi government caved in under American pressure without even token resistance. Two countries similarly placed as India with high dependence on Iranian oil -- China and Turkey -- have shown the grit to stand up to Washington, says Ambassador M K Bhadrakumar.
In a late-night tweet in capital letters, he said Iran must 'never, ever threaten the United States again'.
India has long been a leader in non-proliferation, stood side by side with all of us in the international community to say that Iran should not acquire a nuclear weapon," US Under Secretary of State for Political Affairs Wendy Sherman told reporters in New Delhi.
Politicians, bureaucrats hold different opinions about the delaying of the 2+2 summit.
The cycle of violence resulting from the increasing criminalisation of politics cannot stop, will not stop, unless there is a wider political consensus against relying on criminal mafias for electoral purposes, argues Virendra Kapoor.
Two projects in Iran, which India is to execute involving major financial commitments on its part, are of particular significance for Indian steel.
Congress chief spokesperson Randeep Surjewala wondered why Prime Minister Modi was 'silent' on his 'India First' policy as President Trump talked of 'America First'.
Iran's decision to keep India out and welcome China to the scene is a huge strategic setback for India, observes Dr Rajaram Panda.
"Under different scenarios, we see the impact of higher crude prices ranging from $25 billion to a maximum of $50 billion on the oil import bill. The increase in the oil import bill will also affect the current account deficit," economic affairs secretary S C Garg said in a conference on Friday.
A 2019 investigation of Bombay Dyeing by market regulator Sebi has put a brake on the initial public offering process of sister company Go Air. The Wadia group-owned low cost airline had earlier planned to launch the IPO to raise Rs 3,600 crore by August, but may be forced to postpone it by a month or two as Sebi completes its investigation.
After 20 months of hectic negotiations, Iran and six major powers have reached a historic deal to limit Teheran's nuclear programme in return for lifting of sanctions. Let's understand closely what the deal is all about.
India has experienced hands and will emerge with flying colours, declares Inspector General Gurdip Singh Uban (retd).
A US president graced the Republic Day parade in the first year of the Modi regime. Will another American prez turn up in the final year of the first Modi Sarkar?
OPEC agrees to keep pumping as oil glut fears persist.
