Page 32 - India

Debt-ridden Sri Lanka thanks India for backing its $2.9 bn bailout package

Debt-ridden Sri Lanka on Wednesday thanked India for issuing the necessary guarantees sought by the IMF that would help Colombo to unlock the USD 2.9 billion bailout package. India's ministry of finance recently issued a letter to the International Monetary Fund (IMF) to confirm its support to Sri Lanka on the issue of debt restructuring. Also, External Affairs Minister S Jaishankar during his recent visit to Colombo gave the required assurances to Sri Lanka's top leadership for the much-needed IMF bailout package, becoming the first major lender to publicly back the island nation's efforts to recover from its worst-ever economic crisis. In a statement on Wednesday, the Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe thanked India for issuing the necessary guarantees warranted by the IMF for unlocking the USD 2.9 billion bailout for the country. "India has clearly given financial assurances which are acceptable to the IMF..which has all the necessary assurances ..fir

India commits to help Sri Lanka on debt in prospective IMF program

India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday

Prepare now, India's population won't be a demographic dividend forever

India's average age is still around 28, compared to 38 in China or 47 in Germany. But, as we have seen with China, those numbers can change more rapidly than expected

Dialysis business in growth mode amid rising treatment demand in India

The industry estimates that there are some 20 million patients with chronic kidney disease in India, but only 20 per cent get dialysis treatment

India will have a unique place in the global economy: Kumar Mangalam Birla

In his annual note, Birla listed five trends that will have a multi-year impact on the world

India bluechips to shift to world's fastest settlement cycle T+1 this week

Starting Jan. 27, stocks from Reliance Industries Ltd. to Tata Consultancy Services Ltd. and Adani Enterprises Ltd will be settled on a 'trade-plus-one-day' timeline versus the earlier two-day process

US agriculture associations fear market loss to India's FTA partners

In June 2019, India hiked tariffs on 28 items exported by the US, including almonds, apples, walnuts

AMD launches Ryzen 7020 series, Athlon 7020 series chips in India

The new processors also come with a new modern platform and advanced technology support, including Modern Standby, Wake-on-Voice, and Fast Charging

US-India relations not a Bollywood movie, need more than just photo-ops

A new survey shows that Indians view the US as the biggest military threat to their country after China - and, even more shocking, put it ahead of Pakistan

Nod to Apple's Chinese suppliers may ring in jobs for Sriperumbudur

Among the 14 firms to have got initial go-ahead is Luxshare with a unit in the town near Chennai

India, Egypt carry maiden joint exercise among special forces in Rajasthan

The first-ever joint exercise between the special forces of the Indian Army and the Egyptian Army named "Exercise Cyclone-I" is underway in Rajasthan, according to an official statement. The exercise, which began on January 14, is aimed at bolstering defence cooperation between the two nations and focus on sharing professional skills and interoperability of the special forces in desert terrain while undertaking counter-terrorism, reconnaissance, raids and other special operations, the statement added. This is the first exercise of its kind bringing the special forces of both the nations on a common platform. "The 14-day exercise which is being carried out in the deserts of Rajasthan engages both the contingents to advance special forces skills such as sniping, combat free fall, reconnaissance, surveillance and target designation, sharing of information on weapons, equipment, innovations, tactics, techniques and procedures," the release said. The participants would also undertake jo

India considers full implementation of 13A in Sri Lanka 'critical': EAM

India considers the full implementation of the 13th Amendment in Sri Lanka "critical" for achieving reconciliation with the minority Tamil community, EAM S Jaishankar said

WHO hail India's G20 Presidency; say it should be a beacon for others

A WHO official termed India's presidency at the G20 Health Working Group meeting as an "exciting moment in history" and said it has bolstered the voice of the Global South

We'll work with Indian organisations on online safety: Julie Inman Grant

Other countries are looking to set up institutions like the Australian one dedicated to protect people from digital harm, says Julie Inman Grant

Facebook co-founder's investment fund closes third series at $2.1 bn

Firm will invest in financial services, healthcare tech, enterprise software space

What to watch for after India overtakes China as most-populous nation

The challenge for India, which is estimated to grow 7% in the year ending March, is to sustain that pace of expansion in the coming decades or end up with even higher unemployment rates

USTDA to fund study to take broadband connectivity to 30mn in rural India

United States Trade and Development Agency will provide a grant to an internet service provider to conduct a study to take broadband connectivity to over 30 mn people in rural and peri-urban India

World needs resilience and India can take lead: N Chandrasekaran

Tata Sons Chairman further said India produces the largest number of graduates, which is just one of the several factors putting the country in an advantageous position

Small farmers must get fertilisers, market at lower cost: R K Singh

Asked why India is continuing to import cheap Russian gas despite international opprobrium, Singh said India imports less gas from Russia in a month than Europe does in a day

India's response to Covid ensured moderate inflation, high growth: Vaishnaw

The minister said India's economy has been resilient and the policy framework has been for a sustained growth with a very moderate inflation