Results for: India

JPMorgan Chase CEO Jamie Dimon heaped praise on Prime Minister Narendra Modi’s leadership, commending his reforms and tough stance in addressing India’s challenges. Dimon highlighted the success of India’s financial inclusion initiatives, infrastructure development, and education system, attributing these achievements to Modi’s decisive approach. He also emphasized the need for similar leadership in the United States, where bureaucratic systems and political polarization hinder progress. While acknowledging the criticism Modi faces from the media, Dimon asserted that his policies have lifted 400 million people out of poverty.

External Affairs Minister S Jaishankar has criticized Western media for their tendency to criticize India’s democracy, suggesting that they do so because they perceive themselves as political actors in Indian elections rather than objective observers.

External affairs minister S Jaishankar has accused Western media of criticizing India’s democracy with the intention of influencing elections. He stated that their criticism is not due to a lack of information but rather from a sense of political entitlement.

The Indian Space Research Organisation (ISRO) is gearing up for its first integrated air-drop test of the Gaganyaan crew module. This significant step marks a major milestone in India’s ambitious human spaceflight program. The Gaganyaan project aims to launch a three-member crew into a 400-kilometer orbit for a three-day mission. The crew will then return safely to Earth, landing in Indian sea waters. The air-drop test will validate critical technologies for the human spaceflight mission, including the crew module’s performance in various conditions. Additionally, ISRO has made a breakthrough in rocket engine technology with the development of a lightweight Carbon-Carbon (C-C) nozzle. This innovation will enhance the payload capacity of launch vehicles, further boosting India’s space exploration capabilities.

The entry of Tesla Motors into India’s EV market has been welcomed by MG Motor India. India’s electric vehicle sector lacks competition, but the entry of Tesla and other international automakers will level the playing field. The Indian government aims to achieve 30% EV sales by 2030, but this goal may be difficult to achieve without more government policies attracting foreign automakers. Tesla CEO Elon Musk postponed a scheduled trip to India this week where he was to meet Prime Minister Narendra Modi, citing “heavy Tesla obligations.”India has announced that import tariffs on certain EVs will be cut to 15% if the carmakers meet certain requirements. Domestic carmakers such as Tata Motors, Mahindra and Mahindra, as well as Maruti Suzuki, have reportedly expressed concerns about the new policy. Tesla CEO Elon Musk has previously said he was “incredibly excited about the future of India,” adding it has “more promise than any large country in the world.” However, investments into India may not be Tesla’s priority right now. Tesla has also already started looking for showroom space in New Delhi and Mumbai, according to Reuters. The Indian Prime Minister Narendra Modi earlier met with Elon Musk in the U.S. on June 20, 2023. EV demand in India could remain weak as confidence to switch to EVs is curtailed by insufficient charging infrastructure.

JPMorgan Chase & Co. CEO Jamie Dimon lauded Prime Minister Narendra Modi’s leadership in India, highlighting his reforms such as providing bank accounts for 700 million people and simplifying the indirect tax regime. Dimon emphasized the need for collaboration between the U.S. and India, calling for more inclusive economic growth and a harmonious relationship between lenders and regulators. He also addressed concerns about the U.S. national debt, inflation, and geopolitical conflicts, urging practitioners to return to government service to contribute to the nation’s economic performance.

The UFC’s ‘Road to UFC’ tournament returns in 2024, providing a platform for emerging fighters in the Southeast Asian region, including India. The third season of the tournament will feature 32 participants, with four Indians competing in the flyweight and women’s flyweight divisions. This initiative aims to develop India’s MMA scene and identify potential superstars.

ISRO Chairman S. Somanath announced that the Indian Space Research Organisation (ISRO) will carry out the second test flight of its uncrewed Gaganyaan mission on April 24th, marking a significant milestone in India’s space exploration journey. The Gaganyaan project aims to demonstrate India’s human spaceflight capabilities by sending a three-person crew into orbit for a three-day mission, followed by a safe return to Earth in the Indian Ocean. Upon successful completion, India will join the US, Russia, and China as nations with active human spaceflight programs.

India’s External Affairs Minister, Dr. S. Jaishankar, addressed the forum titled ‘Foreign Policy The India Way: From Diffidence To Confidence’ in Hyderabad. He highlighted the impact of the attack on Pakistan’s terror outfit on India’s foreign policy. Following the Uri and Balakot operations, India began to press Pakistan on terrorism, marking a shift from diffidence to confidence in its foreign policy.

India, as the world’s leading producer, consumer, and exporter of spices, has requested information from food safety regulators in Singapore and Korea regarding the ban imposed on specific spices from Indian brands MDH and Everest due to quality concerns. The commerce ministry has instructed Indian embassies in both countries to submit detailed reports on the matter. Additionally, the ministry is seeking clarification from MDH and Everest regarding the alleged presence of pesticide ‘ethylene oxide’ beyond permissible limits in their banned products.