'Investors with foreign currency-denominated goals, such as foreign education or foreign travel, should go for US equity funds.'
In his opening remarks at the G20 Leaders' Summit at the Bharat Mandapam in New Delhi, Modi said the 21st century is a time of giving new direction to the world.
US President Joe Biden, who arrived in a surprise visit to Kyiv on Monday, reaffirmed America's unwavering commitment to Ukraine's democracy, sovereignty, and territorial integrity.
The silver lining for India's presidency is likely to be the support by almost all G20 countries to its proposal to include the African Union as a permanent member of the bloc that has emerged as perhaps the most influential multilateral forum after the United Nations.
In his meeting with Putin, Modi said "today's era is not of war" and nudged him to end the conflict.
In days of smart, networked technology and no shame over collateral damage, what will blow up next -- cars, mobile phones, TV sets, refrigerators? And where?, asks Shyam G Menon.
In a tweet, Zelenskyy said he counted on New Delhi's support for the implementation of his "peace formula", which he had proposed during a virtual address at the recent G20 summit in Bali.
The talks between the two leaders covered the entire gamut of bilateral ties as well as key regional and global issues, including the Ukraine conflict.
The advisory comes hours after Russia carried out strikes against multiple Ukrainian cities, including Kyiv.
US envoy Eric Garcetti on Thursday said he respects that India likes its "strategic autonomy", but in times of conflict, there is no such thing as strategic autonomy, even as he pitched for forging a stronger partnership between New Delhi and Washington.
Swiss foreign minister Ignazio Cassis said Russia would be asked to join the peace plan discussions at some point in time but to bring Russia on the table would require mediation by some countries.
On the Ukraine conflict, Modi said, "Some people say that we are neutral. But we are not neutral. We are on the side of peace." "All countries should respect international law and the sovereignty of countries," he said.
Earlier on Sunday, Macron spoke with Biden and Putin on the Ukraine situation.
The people will view it from their viewpoint, their immediate interest, historical experiences, their insecurities, he said.
The talks took place on the sidelines of the G-20 foreign ministers' meeting in the Indonesian city of Bali.
India is keen to strengthen its partnership with Russia on Arctic subjects and there is immense scope for cooperation in the field of energy as well, Prime Minister Narendra Modi said.
Jaishankar described as a "reasonable supposition" to expect some improvement in the relations between India and China following the last round of disengagement but hesitated to say that there could be a reset of the ties.
"No one has ever accused India of supporting what is going on in Ukraine. What India seems to be doing is trying to operate within the policy outlined by Nehru 65 years back," said a source.
The ongoing Hamas-Israel conflict has disrupted India's efforts to gain from a recent fall in crude oil prices. Since Hamas' invasion of southern Israel on October 7, petroleum has become costlier by around $5 per barrel, threatening to stoke prices and impact growth. Brent crude was trading at $89.8 per barrel on October 9 (9.15 pm IST), up over 4 per cent, thwarting India's anticipation of a period of declining oil prices - after the leading global petroleum benchmark declined by around 11 per cent last week.
Of the 18,000 medical students who returned to India last year, 5,000-7,000 have either shifted to universities in Georgia, Russia, Serbia, Uzbekistan, Kyrgyzstan, Kazakhstan and Moldova or are in the process of seeking a transfer to those.
Modi also invoked Mahatma Gandhi and Buddha to urge the delegates to draw inspiration from India's civilisational ethos and "focus not on what divides us, but on what unites us."
The country's imports from Russia almost doubled to $25.69 billion during the April-August period this fiscal due to increasing inbound shipments of crude oil and fertiliser, according to the commerce ministry data. With this, Russia has become India's second-largest import source during the first five months of this fiscal. The imports were $13.77 billion during April-August 2022.
Global head of equity strategy at Jefferies, Christopher Wood, has cut his exposure to Indian equities by one percentage point in the Asia-Pacific ex-Japan relative-return portfolio, and Australia and Malaysia by half a percentage point each in favour of China, which has seen a hike in exposure by two percentage points. The rally in China has been fast-forwarded by the approach of a seven-day holiday with the CSI 300 Index up 8.5 per cent on Monday, and 25.1 per cent in five trading days, he said.
Emphasising the importance of sustaining food and energy security, the G20 leaders called for the "cessation of military destruction or other attacks on relevant infrastructure".
Russian forces have made minimal progress on land, sea or air in recent days and they continue to suffer heavy losses, the UK's ministry of defence said on Thursday.
The biggest question looming over the summit is whether there will be a joint leaders' declaration in view of the sharp differences between the West and the Russia-China combine on the text to describe the Ukraine conflict in the document.
Leaders at the G20 summit on Wednesday called for an immediate end to the Ukraine conflict, holding that "today's era must not be of war", a formulation that echoed Prime Minister Narendra Modi's message to Russian President Vladimir Putin in September.
At the PMO, policies are framed by factoring in analytical perspectives, implications, sustainability, and other dimensions.
'With profound sorrow we confirm that an Indian student lost his life in shelling in Kharkiv this morning,' the MEA tweeted.
'The cooperation in technology is one of the most important aspects of the visit.' 'It will have a long-lasting impact because it will shift the entire paradigm in the context of artificial intelligence and emerging technologies.'
We have already suffered considerable collateral damage as a result of the war, and its continuance will continue to dampen our prospects for faster economic growth. We have a direct and legitimate interest in its early cessation, counsels former foreign secretary Shyam Saran.
Ukraine's First Deputy Foreign Minister Emine Dzhaparova will pay a four-day visit to India from Sunday, the first official visit from the East European country since the Russian invasion began last year.
In an interview with The Wall Street Journal ahead of his first state visit to the United States, Modi also talked about the Ukraine conflict, saying some people say that India is neutral but it is on the side of peace.
'There is a solution only for the organisation of humanitarian corridors,' Advisor to the Head of the President's Office of Ukraine Mykhailo Podoliak said on Twitter.
India's imports from Russia rose 64 per cent to $36.27 billion during the April-October period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data. With this, Russia has become India's second-largest import source during the first seven months of this fiscal. The imports were $22.13 billion during April-October 2022.
Prime Minister Narendra Modi and US President Joe Biden will have a substantive engagement on the sidelines of the Quad summit on Saturday, and the two sides will sign at least two agreements following the talks.
Ukraine and Russia need to engage with each other to find a solution to the ongoing conflict between them, India said on Friday after Prime Minister Narendra Modi held wide-ranging talks with President Volodymyr Zelenskyy in Kyiv under the shadow of the raging war.
India on Saturday pulled off a big diplomatic win after the G20 summit adopted a consensus declaration overcoming major differences on the Russia-Ukraine war, as Prime Minister Narendra Modi called for ending "global trust deficit".
Wang said that the situation in Ukraine has changed rapidly and that China laments the outbreak of the conflict between Ukraine and Russia and is 'extremely concerned' with the harm to civilians, China's state-run Xinhua news agency reported.
India's GDP is estimated to grow at 7.4 per cent in the financial year 2022-23 with rising prices triggered by the Russia-Ukraine conflict posing as the biggest challenge to the global economic recovery, Ficci's Economic Outlook Survey released on Sunday said. According to the survey, the Reserve Bank of India (RBI) is likely to start a rate hike cycle in the second half of 2022, while a repo rate hike of 50-75 bps is expected by the end of the current fiscal. The RBI is expected to continue supporting the ongoing economic recovery by keeping the repo rate unchanged in its April policy review, the survey said.
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