China’s underperforming reopening is dragging down the global economic recovery, the IMF said on Tuesday, despite keeping its forecast for China’s growth unchanged. Maintaining its forecast of 5.2 per cent economic growth for China this year came in contrast to the International Monetary Fund’s upward revision on both India and...
Tenzing Yangki from Arunachal Pradesh, who racked the UPSC Civil Services Examination-2022 by securing 545th rank, has been alloted IPS to become the first female IPS officer of the state, but her cadre is not known yet. Yangki had earlier cleared the Arunachal Pradesh Public Service Commission (APPSC) exam...
As per reports, NPCI International Payments Ltd (NIPL), the international arm of the National Payments Corporation of India (NPCI), revealed that it has successfully issued over 10,000 RuPay cards in Bhutan. RuPay is a global card payment network from India that aims to promote low-cost digital payment solutions and...
Pakistan's plan to import future shipments of Russian crude oil under a government-to-government (G2G) mechanism has hit a roadblock as Moscow is frustrated with the delay by Islamabad in setting up a Special Purpose Vehicle (SPV) to handle the payments and shipments. A Russian delegation visited Karachi last week to...
Ministry of External Affairs Secretary Sanjay Verma called on the Foreign Minister of Maldives, Abdulla Shahid and both the leaders discussed the steps that need to be taken to combat terrorism Taking to Twitter, the Ministry of Foreign Affairs of Maldives wrote, “Secretary, H.E. @SanjayVermalFS calls on Foreign Minister...
On 20 July, a BRICS currency would not be on the agenda of the bloc’s 15th summit, which is going to be held in Johannesburg this August. Earlier, External Affairs Minister S Jaishankar had said that the currencies would very much remain a national issue for a long time...
Sri Lankan President Ranil Wickremesinghe’s visit to India last week concluded with the unveiling of an ambitious new economic partnership aimed at firming up trade, energy and physical connectivity between the two countries and simultaneously helping the island nation overcome its continuing balance of payments crisis. Some measures included in...
India has blocked a $1bn (7.19bn yuan) bid by Chinese carmaker BYD to set up an electric vehicle factory in partnership with a local company. The Indian Government dismissed the plan from BYD and Hyderabad-based Megha Engineering and Infrastructures, citing national security concerns. The move comes three days after the Australian Government also blocked...
There was a time when Sri Lanka was viewed as a neighbour of India that was rapidly moving out of New Delhi’s orbit. Despite protestations to the contrary by Sri Lankan policymakers, it was quite evident that the tilt in favour of China was getting more pronounced with Chinese...
Words — from both Beijing and corporations — sound sweet, but reality is less encouraging. Beijing says that it is open for business and that it welcomes foreign investment but has made doing business in China more difficult than ever. Corporate executives speak of engaging China and then send...