MUMBAI: India’s foreign exchange reserves extended their winning run for a fourth straight week to hit a record high of $689.24 billion as of Sept. 6, data from the central bank showed on Friday. The reserves rose by $5.3 billion in the reporting week, after having risen by a total of $13.9 billion in the … Read more
NEW DELHI: A top political opponent of Indian Prime Minister Narendra Modi was granted bail on Friday after months behind bars on accusations his party took kickbacks in exchange for liquor licences. Arvind Kejriwal, chief minister of the capital Delhi and a key leader in an opposition alliance that battled Modi in national elections earlier … Read more
Arvind Kejriwal, the head of the Aam Aadmi (Common Man) Party (AAP), which briefly controlled the state government in Delhi, looks out from inside his car as he arrives at a court in New Delhi May 21, 2014. — Reuters Kejriwal, AAP deny allegations, say cases are “politically motivated”. Modi’s opponent expected to campaign in … Read more
NEW DELHI: India’s August retail inflation remained below the central bank’s target of 4% for the second consecutive month, but vegetable prices continued to soar, dampening hopes of a dovish stance in the next monetary policy meeting. Annual retail inflation was at 3.65% in August, higher than the revised 3.60% in July and economists’ forecast of 3.5%. India’s … Read more
India’s push to become a factory titan has hit a snag: to become a credible alternative to China for global firms, it first needs to warm up to its long-time rival. Ties between the world’s two most populous countries had been strained since a deadly Himalayan border clash in 2020, slowing the exchange of capital, … Read more
NEW DELHI: India’s strife-torn northeastern state of Manipur ordered an internet blackout on Tuesday, after imposing a curfew following days of deadly ethnic violence and clashes between protesters and police. Manipur has been rocked by periodic clashes for more than a year between the predominantly Hindu Meitei majority and the mainly Christian Kuki community, dividing … Read more
Muslims pray for peace ahead of verdict on a disputed religious site in Ayodhya, inside a mosque premises in Ahmedabad, India, November 8, 2019. — Reuters HARIDWAR: A year after extremists forced Muslim neighbours from their homes in India, victims live in despair as their tormentors seek to drive the minority community from what they … Read more
A year after extremists forced Muslim neighbours from their homes in India, victims live in despair as their tormentors seek to drive Islam from what they consider a Hindu “holy land”. Mohammad Salim shudders when he remembers the campaign that erupted in May 2023 against his Muslim minority community in Purola, a seemingly sleepy town … Read more
NEW DELHI: The Indian economy continues to grow at a healthy pace despite challenging global conditions, according to the World Bank’s latest India Development Update: India’s Trade Opportunities in a Changing Global Context. But to reach its $1 trillion merchandise exports goal by 2030, India needs to diversify its export basket and leverage global value … Read more
In response to recent comments by India’s Minister for External Affairs, S Jaishankar, on Jammu and Kashmir, Pakistan’s Foreign Office Spokesperson Mumtaz Zahra Baloch reiterated that the Kashmir dispute is internationally recognised and must be resolved according to United Nations Security Council (UNSC) resolutions and the wishes of the Kashmiri people. “The Jammu and Kashmir … Read more