Nirmala Sitharaman, India’s finance minister, met with officials from the US semiconductor sector and asked them to invest more in India. The Finance Minister discussed prospects for enterprises in Silicon Valley, as well as the government of India’s resolve to be a reliable partner in the whole semiconductor value chain, with the Indian Semiconductor Mission
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In the fiscal year that ended on March 31, India’s crude oil import bill then doubled to $119 billion, as global energy prices skyrocketed following the restoration of demand and the crisis in Ukraine. According to data from the energy ministry’s Petroleum Planning & Analysis Cell, India, the world’s third-largest oil consumption and importing nation,
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On Thursday, Prime Minister Narendra Modi addressed the nation from the Red Fort, declaring that India has never posed a danger to any country or society and that the country upholds the ideals of Sikh gurus. In 1675, the Mughal monarch Aurangzeb assassinated Guru Tegh Bahadur, the ninth Sikh Guru. “This sacred Gurudwara reminds us
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India will provide an additional $500 million in financial assistance to Sri Lanka for it to buy fuel, Sri Lanka’s foreign minister told reporters on Wednesday, adding Bangladesh was also willing to postpone a $450 million in swap repayments. “Assistance by the IMF will take about six months to come to us and it will come in
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Regulating crypto assets along with digital currency, addressing the remaining regulatory concerns in the banking sector, and integrating with the global economy are among the few mid-term structural issues for India, a top official from the International Monetary Fund has said. Overall, the IMF is looking at India in “a very positive fashion,” Tobias Adrian,
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Air India has canceled flights to Hong Kong between April 18-April 23, 2022, due to ‘restrictions imposed by the Hong Kong authorities and limited demand on the sector, as per an update shared by the airline on Twitter. Earlier, Hong Kong had banned Air India services till April 24 after three passengers on one of its
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