Page 35 - India

India can tap Switzerland's innovation with FTA, says Ralf Heckner

The objective of the Swiss government when it comes to the Swiss financial centre is twofold - sustainability and that all countries should adhere to the same international standards

India overtakes Japan to take third spot among largest vehicle markets

According to Siam, 4.13 million vehicles - including passenger and commercial - were sold in the country between January and November 2022

India does not believe in hierarchical concept of world order: Rajnath

India's national efforts towards 'Make in India' are neither isolationist nor are they just meant for the country alone, Defence Minister Rajnath Singh said on Monday at a conclave of ambassadors. He also said that India does not believe in a hierarchical conception of a world order where a few countries are considered superior to others. "India's international relations are guided by the very essence of human equality and dignity," the minister said at the conclave to brief ambassadors about the upcoming Aero India, billed as Asia's biggest aerospace exhibition. It will be held in Bengaluru next month. "We do not believe in making or becoming a client or satellite state, and so, when we partner any nation, it is on the basis of sovereign equality and mutual respect," Singh added. The defence minister said India's self-reliance initiative is the beginning of a new paradigm of partnership with its partner countries. "Our national efforts towards 'Make in India' are neither ...

Credit worthiness of India, others in APAC to be stable, says Moody's

Most sovereigns have begun fiscal consolidation, but social pressures are slowing progress

India, Bangladesh unlikely to cut subsidy bill as elections near: Moody's

Average fiscal deficit to be 4% of GDP in 2023, says agency's Sovereigns--Asia-Pacific report

Energy of young minds motivates country to keep moving forward: Sitharaman

Finance Minister Nirmala Sitharaman on Sunday said it is the energy of the young minds which motivates the country to keep moving forward. She also said the country now has a leadership that is not corrupt and works for the good of the people. "It is so invigorating. I am so touched by the presence of such young brains. It does give a lot of motivation when you have such energy. It is that energy that keeps India going forward," Sitharaman said. She was addressing a 'Yuva Shakti Samvad' here. The finance minister urged the youths to remember those who fought for the country as well as the armed forces who are standing tall to thwart any outside aggression. To become a member in the league of developed nations, corruption-free leadership is important, she said.

Experts predict India's emergence as third pole despite GDP growth worries

If any major middle-income country is truly outperforming in the coming decades, it's the world's soon-to-be third largest economy (and its largest democracy), India, Eurasia Group said in a report

India to host virtual summit to flag global South concerns in January

India will host a virtual summit on January 12 and 13 to bring together countries of the global South and share their common concerns, interests and perspectives relating to various global challenges including food and energy security triggered by the Ukraine conflict. Foreign Secretary Vinay Mohan Kwatra said more than 120 countries are being invited for the 'Voice of Global South' summit whose theme would be 'Unity of Voice, Unity of Purpose'. At a media briefing, he said concerns and apprehensions of the developing countries often do not receive due attention at the global stage and the purpose of the summit would be to address these elements of "our concerns and priorities". Asked whether Pakistan, China and Ukraine have been invited, Kwatra did not give a direct reply and said names of the participating countries will be made public in due course. He cited food security, climate finance, fertiliser shortage, mounting debt and inflationary pressures as some of the burdens on th

India logs 228 new coronavirus infections, active cases decline to 2,503

India logged 228 new coronavirus infections, while the active cases declined to 2,503, according to the Union Health Ministry data updated on Friday. The Covid case tally was recorded at 4.46 crore (4,46,79,547). The death toll stands at 5,30,714, with four deaths. Two deaths were reconciled by Kerala while one death each was reported from Bihar and Uttarakhand in last 24 hours, the data updated at 8 am stated. The daily positivity was recorded at 0.11 per cent while the weekly positivity was pegged at 0.12 per cent. The active cases comprise 0.01 per cent of the total infections, while the national COVID-19 recovery rate has increased to 98.80 per cent, the ministry said. A decrease of 51 cases has been recorded in the active COVID-19 caseload in a span of 24 hours. The number of people who have recuperated from the disease surged to 4,41,46,330, while the case fatality rate was recorded at 1.19 per cent. According to the ministry's website, 220.12 crore doses of Covid vaccine

India-built public goods infra globally applicable: Satya Nadella

Microsoft chief praises country's digital public good infrastructure as 'great, important'

This is India's moment to shine, says Microsoft CEO Satya Nadella

I feel this is India's moment. India is taking the lead to contribute towards not just digital technology, but policy as well. I think that story needs to be written so that everyone else can benefit

Paid most of $1 bn tax for PhonePe shifting base to India, confirms Walmart

The company said last month it had completed the separation of PhonePe from Flipkart, adding that it would remain a majority stakeholder in both the companies

We want to push India's $1 trillion digital economy dream: Satya Nadella

Nadella said that India's tax spend as a percentage of its GDP is becoming normalised when compared to the developed world, and is now among the top 10 countries

Satya Nadella checks right boxes talking about G20, Make in India and AI

Looking to help in "amplifying" the India story, Microsoft Executive Chairman and CEO Satya Nadella on Thursday said the country's technology story and the policies that helped it reach here is a tale that needs to be told to the world. Briefing the media after the Future Ready Technology summit in Bengaluru, Nadella said "India is taking the leap to contribute both in the digital technology as well as the soft side of it--the policy side of it, as to how this came about." "That story needs to be written about, talked about so that everyone else in the world can also benefit from it. I think India's leadership of the G20 is obviously a great moment for that. And we at Microsoft want to be as helpful as possible in amplifying what is essentially the output of India," he said. Emphasising often on the growth of digital public goods in India, Nadella said India has created a "virtuous cycle of digital public goods that raises the bar on private enterprises, increases competition, reduc

India records 188 new Covid-19 cases, 3 deaths; active tally drops to 2,554

India has recorded 188 new coronavirus infections, while the active cases have declined to 2,554, according to Union health ministry data updated on Thursday. The total tally of Covid cases has been recorded at 4,46,79,319 and the death toll stands at 5,30,710, with three deaths reconciled by Kerala, the data updated at 8 am stated. The daily positivity has been recorded at 0.10 per cent while the weekly positivity has been pegged at 0.12 per cent, the ministry said. The active cases comprise 0.01 per cent of the total infections, while the national recovery rate has increased to 98.80 per cent, according to the health ministry's website. There has been a decrease of 16 cases in the active Covid caseload in a span of 24 hours, it stated, and added that the number of people who have recuperated from the disease has increased to 4,41,46,055 while the case fatality rate has been recorded at 1.19 per cent. According to the ministry's website, 220.12 crore doses of Covid vaccine hav

Making every effort to reduce visa interview appointment time in India: US

The United States is making every effort to reduce the waiting time for visa interview appointment in India as soon as possible, a State Department spokesperson said Wednesday. "Visa processing is recovering faster than projected and over the coming year, we expect to reach pre-pandemic processing levels," State Department spokesperson Ned Price told reporters at his daily news conference. The US issued more student visas in fiscal year 2022 than in any year since 2016, he said, adding that its embassy and consulates in India in particular broke their all-time record for the number of student visas issued in a single fiscal year. "We issued nearly 1,25,000 student visas. We recognize that some applicants may still face extended visa wait times, and we're making every effort to further reduce visa interview appointment wait times as quickly as possible in India and around the world, including for first time tourist visa applicants," he said. Responding to a question, Price said he .

India tried to defuse Zaporizhzhia nuclear plant situation: Jaishankar

"India tried to defuse the situation around the Zaporizhia nuclear power plant. Points, we have already helped - very quietly on the grain deal," Jaishankar said

India helped in grain deal between Moscow and Kyiv, says EAM Jaishankar

India tried to defuse the situation around Ukraine's Zaporizhzhia nuclear power plant and quietly helped in the grain deal between Moscow and Kyiv, External Affairs Minister S Jaishankar has said even as he vehemently rejected charges of New Delhi being a war profiteer over its procurement of discounted Russian oil. The external affairs minister also described the cap on the price of Russian crude oil as a Western decision that was taken without any consultations with India, asserting that New Delhi will never automatically sign into what others have cooked up. In an interview to 'Die Press' newspaper of Austria, Jaishankar while replying to a question on the Ukraine conflict, indicated India's readiness to contribute towards defusing the situation. "If we can help, we stand ready. And we have already helped -- very quietly on the grain deal, for example. We also tried to defuse the situation around the Zaporizhzhia nuclear power plant," he said. Jaishankar was asked whether he see

India in the GVC diversification strategy: A reality check

For MNCs relocating from China, India needs substantial catching up relative to Vietnam to be considered a significant contender

Indian operations to play key role in Skoda Auto's entry into Vietnam

India is emerging as a key manufacturing hub for the Skoda Group that will venture into the Vietnamese market, the Skoda Auto Volkswagen India Private Ltd said on Wednesday.