South Asian Countries

Imran Khan admits Pak faces massive inflation, attempts to link it as global phenomenon

Islamabad [Pakistan] (ANI): Pakistan Prime Minister Imran Khan has admitted that the people in the country are facing massive inflation as prices of commodities and fuel have surged in the nation and stated that the inflation issue keeps him awake at night, a media report said.Answering a question about skyrocketing inflation during a general public live on-air program on Saturday, Imran Khan said that it was the only problem that “kept [him] awake at night”, reported Dawn. But Imran Khan also said that the current inflation was a “global phenomenon”.The Prime Minister also noted that when the Pakistan Tehreek-i-Insaf led government came into power, they had to deal with a massive account deficit which led to a surge in the price of imports.Imran Khan also noted that multiple countries are currently facing a supply shortage issue due to the COVID-19 pandemic.Stating that the US…

New Products Technology

OnePlus 9RT to soon go global

Shenzhen [China]: OnePlus had launched its 9RT smartphone in China back in October, and now there is finally a confirmation that the gadget would soon be going global.The brand’s Indian division shared a morse code on Twitter with the message, “Get ready to decode greatness. Coming soon!” and after quick decryption, the code simply said “OnePlus 9RT”. According to GSM Arena, the OnePlus 9RT is a Snapdragon 888-powered device and comes with fancy cooling. The display is 6.62″ AMOLED with all the fancy bells and whistles such as HDR10+ support, sRGB and DCI-P3 support, 120 Hz refresh rate, 600 Hz touch sampling rate.The trio of cameras on the back hold some flagship potential with a 50 MP main shooter and a Sony IMX766 sensor behind, but the second cam is a 16 MP ultra-wide-angle, while the third is a classic macro lens, no portrait…

Business Economy

42 per cent of Indian Startups Plan to Go Global in 2022: TurningIdeas Survey

New Delhi [India]: Today, TurningIdeas Ventures shared the results of its recent survey on Indian startups looking to go global in 2022.The survey covered around 100+ startups across different domains and at different stages from ideation to scale-ups. Considering India is now becoming a hub of globally relevant products, startups are now looking to go global. The survey revealed that over 42% of startups are looking to expand and tap into global markets in 2022 and over 64% of these startups are in the enterprise SaaS space.The survey results were announced during a networking event with Business Finland for the Indian startup ecosystem today. Business Finland serves as a platform for Indian startups to collaborate with Finnish partners and explore market potential and growth in Finland, and also to support Finnish startups to set up and scale in India.Business Finland, in partnership with TurningIdeas Ventures , organized the networking dinner…

Politics State's Latest

Centre approves plan to manufacture 5 lakh AK-203 rifles in UP’s Amethi

Amethi (Uttar Pradesh) [India] : The Centre has approved the production of over five lakh AK-203 assault rifles at Korwa in Uttar Pradesh’s Amethi to boost the self-reliance in defence manufacturing, the Government of India sources said.According to sources, this endeavour will be done in partnership with Russia and reflects the deepening partnership between the two countries in the defence sector. It reflects the ever-increasing paradigm shift in defence acquisition from buy global to Make in India. The project will provide business opportunities to various MSMEs and other defence industries for the supply of raw materials and components, which will lead to the generation of new employment opportunities. The project marks a significant stride towards making Uttar Pradesh a key contributor to the ascendant defence manufacturing prowess of India, sources said.The 7.62 X 39mm caliber AK-203 Rifles will replace in-service INSAS Rifle inducted over…

Business

IFFCO ranks first among top 300 cooperatives globally

New Delhi [India]: The Indian Farmers Fertiliser Cooperative Limited (IFFCO) has been ranked ‘number one Cooperative’ among the top 300 cooperatives in the world, withholding its position from last year, informed an official statement on Thursday.According to the statement, the ranking is based on the ratio of turnover over the gross domestic product (GDP) per capita. It signifies that IFFCO is contributing significantly to the GDP and economic growth of the nation. It also relates the turnover of the enterprise to the wealth of the country according to the 2021 edition of the 10th Annual World Cooperative Monitor (WCM) report published by the International Cooperative Alliance (ICA). IFFCO has also stepped up to 60th Position in overall Turnover ranking from 65th position in last financial year, the statement said.Dr U S Awasthi, MD, IFFCO said, “It is a proud moment for IFFCO and Indian…

South Asian Countries

China will successfully hold 2022 Beijing Olympics despite Omicron concerns

Beijing [China] : China will successfully hold the 2022 Beijing Winter Olympic Games on schedule, despite the worldwide spread of the new Omicron coronavirus strain, Chinese foreign ministry spokesman Zhao Lijian said on Tuesday.“Regarding the impact of the Omicron strain on the Winter Olympics, I think it will definitely bring some prevention and control challenges, but thanks to China’s experience in preventing the spread of and combating COVID-19, I am fully confident that the Winter Olympics the games will be successfully held in accordance with the schedule,” Sputnik quoted Zhao as saying. The Games are scheduled for February 4-20, 2022.The WHO, on November 27, named the new COVID-19 variant B.1.1.529, which has been detected in South Africa, as ‘Omicron’.The World Health Organization has warned the Omicron variant, which has already been confirmed in Europe, Canada, Israel and Hong Kong, maybe more transmissible or evade…

International US News

US calls for greater cooperation with its allies to counter Chinese threat in Indo-Pacific region

Washington [US] : In a bid to promote peace in the Indo-Pacific region, the US on Monday (local time) called for additional cooperation with its allies to deter potential military aggression by China.The statement came from the US Department of Defence (DOD) while summing up the conclusions of ‘Global Posture Review’, initiated by Secretary of Defense Lloyd Austin in March. “In the Indo-Pacific, the review directs additional cooperation with allies and partners to advance initiatives that contribute to regional stability and deter potential Chinese military aggression and threats from North Korea,” the DOD said.These initiatives include seeking greater regional access for military partnership activities; enhancing infrastructure in Australia and the Pacific Islands; and planning rotational aircraft deployments in Australia, as announced in September.The review also informed Secretary Austin’s approval of the permanent stationing of a previously-rotational attack helicopter squadron and artillery division headquarters in…

State's Latest

Rajasthan set to witness line of festivals starting with Kumbhalgarh festival

Jaipur (Rajasthan) [India] : Rajasthan will be witnessing a line of festivals for tourists visiting the desert state in winters, starting from the Kumbhalgarh festival from December 1.As per the state tourism department, “the Ranakpur Jawai Bandh Utsav to commence from December 22 in Pali district and Sharad Utsav of Mount Abu on December 30-31 will mark the last of official tourism event of the year 2021. However, more such events stand to entice visitors in the months to follow.” “These festivities reflect upon the rich cultural heritage of Rajasthan… The tourists too continue to express immense enthusiasm for the events and the same was witnessed in the recently concluded festivals, the Bundi Utsav of Bundi and Matsay Utsav in Alwar district,” said the official release.“Rajasthan is a land of all seasons and pulsates with festivities all year long. In winters the vast expanses…

South Asian Countries

Food insecurity increases Pakistan’s woes

Islamabad, [Pakistan] : Pakistan has failed to lift itself out of poverty with the Global Hunger Index (GHI) ranking it 92nd out of 116 nations and with a score of 24.7. The country’s level of hunger is categorised as ‘serious’.According to Dawn, Pakistan has been able to bring the proportion of the undernourished population down to 12.9 per cent from 21.1 per cent in 2000 but still faces problems related to malnourishment. The Global Hunger Index comprises four indicators including undernourishment, child wasting, child stunting and under-five mortality rate.The report, jointly published by Concern Worldwide and Welthungerhilfe on global hunger, mentions: “As the year 2030 draws closer, achievement of the world’s commitment to Zero Hunger is tragically distant”.Further, over the last three years, Pakistan’s double-digit food price inflation, along with dwindling income, has left more Pakistanis food insecure, according to Dawn.On the other hand,…

South Asian Countries

Pakistan records 303 cases, 5 deaths amid ‘Omicron’ threat

Islamabad, [Pakistan] : Amid the global threat of a new COVID variant ‘Omnicron’, Pakistan has reported over 303 COVID-19 cases and five more people have succumbed to the infection in the last 24 hours on Sunday, taking the death toll to 28,709.According to Pakistan’s National Command and Operation Centre (NCOC), coronavirus has claimed five more lives in the country during the last 24 hours, taking the death toll to 28,709. “Statistics 28 Nov 21: Total Tests in Last 24 Hours: 36,979 Positive Cases: 303 Positivity %: 0.81% Deaths : 5 Patients on Critical Care: 946,” NCOC tweeted.A total of 36,979 samples were tested in the last 24 hours, out of which 303 turned out to be positive, showing an infection rate of 0.81 per cent.At present, 946 critical patients have been admitted to hospitals across the country, the NCOC said.On Saturday, Federal Planning Minister…

International UK News

UK to increase global military presence under ‘Future Soldier’ plan

London [UK]: The United Kingdom is determined to step up its military presence in the world, according to a plan, released by the UK defence ministry on Thursday.“More of the Army will be deployed across the globe, more of the time. Greater forward deployment will improve our ability to anticipate crises and be ready to compete beneath the threshold of open conflict. It will prevent conflict by reassuring allies and partners and deterring adversaries,” the “Future Soldier” modernization plan read. The UK defence ministry also announced an additional investment in military equipment, worth 8.6 billion pounds (USD 11.46 billion), during the next decade. This will raise the total investment to 41.3 billion pounds for the same period.UK Defence Secretary Ben Wallace said: “Future Soldier is reinforced by the ambition outlined in the Defence Command Paper to transform the Army into a more agile, integrated,…

TOP NEWS UPDATES

UNESCO member states adopt first global agreement on AI ethics

Paris [France]: The first ever global standard on the ethics of artificial intelligence (AI) was presented by Audrey Azoulay, director-general of the United Nations Educational, Scientific and Cultural Organization (UNESCO), on Thursday.The agreement was adopted by the member states of UNESCO at its General Conference on Tuesday. “AI has the potential to benefit societies and economies in many ways, but it also presents risks and challenges,” UNESCO said in a press release.The Recommendation on the Ethics of Artificial Intelligence sets out common values and principles to assist in the creation of the legal infrastructure required to ensure the healthy development of AI.“The world needs rules for artificial intelligence to benefit humanity. The Recommendation on the ethics of AI is a major answer,” Azoulay told the press conference in Paris.The Recommendation has three main parts: values, principles and strategic areas.The main contents of the Recommendation…

Business Economy TOP NEWS UPDATES

India To Release 5 Million Barrels Crude With US, Japan To reduce Prices

New Delhi [India] : India has decided to release five million barrels of crude oil from its strategic petroleum reserves (SPRs) simultaneously with countries like the US, Japan, China and Republic of Korea. In an official statement, the petroleum ministry said that the crude oil release will take place in consultation with these countries, which are also major global energy consumers. The decision has come amid reports that the US has urged these nations to release crude oil from their respective reserves. The move is being considered to bring down global prices of the commodity. India holds about 26.5 million barrels of oil in is reserves. “India strongly believes that the pricing of liquid hydrocarbons should be reasonable, responsible and be determined by market forces. India has repeatedly expressed concern at supply of oil being artificially adjusted below demand levels by oil producing countries, leading to…

PMO

PM Modi to lay foundation stone of Noida International Airport

New Delhi [India] : Prime Minister Narendra Modi will lay the foundation stone of the Noida International Airport (NIA) in Jewar, Gautam Buddha Nagar, Uttar Pradesh on November 25 at 1 pm.According to Prime Minister’s Office (PMO), Uttar Pradesh will become the only state in India to have five international airports. The development of the airport is in line with the vision of the Prime Minister towards boosting connectivity and creating a future-ready aviation sector.“A special focus of this grand vision has been on the state of Uttar Pradesh that is witnessing the development of multiple new international airports including the recently inaugurated Kushinagar airport and the under-construction international airport at Ayodhya,” it said.This airport will be the second international airport to come up in Delhi NCR. It will help decongest the Indira Gandhi International (IGI) Airport.As per PMO, the airport is strategically located…

International UK News

Britain invites ASEAN to G-7 meeting, signifies ‘growing Indo-Pacific tilt’

London [UK] : Ministers from the Group of Seven (G-7) industrialised nations are set to participate in a meeting that will take place in Britain’s Liverpool next month.The G-7 meet, under the presidency of Britain, will commence from December 10 and will continue for three days, stated the UK government. Britain will be hosting this year’s G-7 meet and has for the first time invited the 10-member Association of Southeast Asian Nations (ASEAN), signifying a “growing Indo-Pacific tilt”, reported Kyodo News, citing UK government sources.Japan’s Chief Cabinet Secretary Hirokazu Matsuno addressing a press conference in Tokyo on Monday stated that the invitation to ASEAN nations portrays UK’s “willingness to strengthen its involvement in the Indo-Pacific region.”The British Foreign, Commonwealth and Development Office mentioned that G-7 will look into global issues, including economic resilience in the post-COVID times, global health and human rights, reported Kyodo…

South Asian Countries

UAE firm files lawsuit against State Bank of Pakistan

Islamabad [Pakistan] : An United Arab Emirates-based trading and investment firm has filed a lawsuit worth around Rs 74 billion against the State Bank of Pakistan (SBP) and a private bank, local media reported.According to The Express Tribune, Energy Global International FZE filed the damages suit against the central bank on account of “unlawful” action of freezing the bank accounts and illegally converting the foreign currency account into a rupee account in December 2012. A private commercial bank has also been made party to the suit, filed in the Sindh High Court (SHC), for not releasing the funds, according to the court application, reported The Express Tribune.According to the publication, SHC has summoned representatives of the SBP and BankIslami to appear before the additional registrar of the court on February 15 next year to respond to the damages claim, showed the court documents.In December…

South Asian Countries

Afghan heroin flooding global markets, motivating narco-terrorism

Amsterdam [Netherlands]: After the Taliban assumed power in Kabul, a fresh threat has emerged and that is heroin from Afghanistan, which has started flooding global markets and motivating narco-terrorism, making a severe threat to peace, a report said.Afghanistan is the world’s largest opium producer, accounting for about 87 per cent of the global production despite a USD 9 billion effort over a two-decade period by the United States (US) to deter illegal production in the country, European Foundation for South Asian Studies (EFSAS) said in a report. Soon after coming to power on August 15, Taliban spokesman Zabiullah Mujahid had said that “Afghanistan will not be a country of cultivation of opium anymore. However, he added that “it is only possible when the whole world helps us in empowering the farmers and providing them with an alternative to earn their livelihood”, according to the…

TOP NEWS UPDATES

Global trust earned by our healthcare sector has led to India being called ‘pharmacy of the world’, says PM Modi

New Delhi [India]: Prime Minister Narendra Modi on Thursday lauded the healthcare sector in the country and said that global trust earned by the Indian healthcare sector has led to India being called the “pharmacy of the world”.Prime Minister Narendra Modi inaugurated the First Global Innovation Summit of the Pharmaceuticals sector today via video conferencing. Speaking at the summit, PM Modi said, “Whether it is lifestyle, or medicines, or medical technology, or vaccines, every aspect of healthcare has received global attention over the last two years.”“In this context, the Indian pharmaceutical industry has also risen to the challenge. The global trust earned by the Indian healthcare sector has led to India being called the ‘pharmacy of the world’ in recent times,” PM said.The Prime Minister said that India also exported more than 65 million doses of Covid vaccines to nearly 100 countries this year“Our…

TOP NEWS UPDATES

US becomes 101st member of International Solar Alliance

New Delhi [India]: The United States on Wednesday became the 101st member country of the International Solar Alliance (ISA) to catalyze global energy transition through a solar-led approach.“In a big boost to accelerate global adoption of solar energy, John Kerry, US Special Presidential Envoy for Climate announced at the UNFCCC COP26 that the United States of America (USA) has joined the International Solar Alliance (ISA) as a member country,” read Ministry of Environment, Forest and Climate Change release. “We are happy to join the International Solar Alliance, which Prime Minister Narendra Modi took the lead in making,” said Kerry.Union Minister for Environment, Forest and Climate Change, Bhupender Yadav said, that this move will “strengthen the ISA and propel future action on providing a clean source of energy to the world.”“Happy that now the USA is formally a part of the ISA, a visionary initiative…

Politics State's Latest

Telangana: Bathukamma Festival

Hyderabad (Telangana) [India]: Bathukamma, the floral festival of Telangana went global on Saturday as the world’s tallest building Burj Khalifa was lit up in colours depicting the festival.Located in Dubai, Burj Khalifa witnessed a unique show of lights. The visual feast was attributed to the efforts of Nizamabad MLC Kalvakuntla Kavitha who led Telangana Jagruthi to showcase states’ Bathukamma culture and take the festival celebrations global by featuring its depiction on the worlds’ largest screen.Kavitha, who is the former Member of Parliament and daughter of Telangana Chief Minister K Chandrashekar Rao, led Telangana Jagruthi, a cultural and literary organization that was formed during the statehood movement for Telangana in India and has been working to preserve and celebrate the cultural heritage of Telangana.Kavitha took Twitter to share glimpses of the show with netizens.This year’s Bathukamma edition of Telangana Jagruthi was quite unique. The organization…

National News Politics

India amongst top defence exporters

Bengaluru (Karnataka) [India] : Defence Minister Rajnath Singh on Thursday said that India is among the top 25 defence products exporting nations, according to the Stockholm International Peace Research Institute 2020 report.“I am happy to inform you that as per Stockholm International Peace Research Institute 2020 report, for the first time India is among the top 25 defence products exporting countries list,” Singh said. Singh made the comments while attending an event of Defence Public Sector Undertakings (DPSU).He said defence exports meant an increase in our capability, calibre and standard. “To promote export of defence items and to make India part of the global defence supply chain, we have set a target of Rs 35,000 crore export in aerospace and defence good-services by 2024-25,” he further said.He is on a two-day visit to Bengaluru, where he will be attending meetings and visiting the DPSU…

PMO TOP NEWS UPDATES

PM Modi interacts with CEOs, experts of global oil and gas sector

New Delhi [India]: Prime Minister Narendra Modi interacted with chief executive officers (CEO) and experts of the global oil and gas sector on Wednesday through video conference.The interaction was attended by Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, Dr Igor Sechin, Chairman and CEO, Rosneft, Russia and Amin Nasser, President and CEO, Saudi Aramco among others. The broad theme of the interaction is the promotion of clean growth and sustainability.This is the sixth such annual interaction which began in 2016 and marks the participation of global leaders in the oil and gas sector, who deliberate upon key issues of the sector and explore potential areas of collaboration and investment with India.The interaction focused on areas like encouraging exploration and production in the hydrocarbon sector in India, energy independence, gas-based economy, emission reduction through clean and energy-efficient solutions, green hydrogen economy, enhancement of…

Technology

Instagram says things have been fixed after global outage

Washington [US]: Photo and video sharing social networking platform Instagram on Friday (local time) said that the global outages which have been reported have been fixed and everything should be back to normal now.“Things have been fixed, and everything should be back to normal now. thank you for bearing with us (and for all the memes this week),” Instagram said in a tweet. Social media platforms including Instagram, Facebook and WhatsApp faced an outage for the second time this week. Downdetector, a site that monitors reports of outages across the internet, said these app outages were reported for some global users.Social media giant Facebook said that it was aware of reports of users having trouble accessing their apps and products and is working to restore service in the second outage for the platform this week.Taking to Twitter, the company said: “We’re aware that some…

Business Economy

Major hub for India’s global economic engagement: ASEAN

New Delhi [India] :External Affairs Minister (EAM) S Jaishankar on Thursday, ASEAN is one of the major hubs for India’s global economic engagement and New Delhi would like to re-visit the level of ambition that it has set for the partnership with the South East Asian bloc.EAM Jaishankar during the INDO-ASEAN business summit noted that India’s ties with the ASEAN are rooted in history, geography and culture. “What has energised them in recent years is a growing awareness of the potential they hold for our mutual interests and development. As our cooperation grew in the course of the last 25 years, new facets and domains emerged for collaboration.”The minister said that the COVID-19 pandemic has provided the backdrop for how most countries approach both their economic policies and have even shaped our way of life.“From the prolonged crisis of the last two years, four…

TOP NEWS UPDATES

UN agency warns of looming global water crisis

Geneva [Switzerland]: The World Meteorological Organization (WMO), a specialised agency of the United Nations (UN), warned on Tuesday that climate change increases the global risk of water-related hazards like floods and droughts, and the number of people affected by water scarcity is also expected to soar.In its new report entitled “The State of Climate Services 2021: Water,” the WMO says that 3.6 billion people globally had inadequate access to water at least one month per year in 2018, and by 2050 this number is expected to exceed five billion. “The situation is worsening by the fact that only 0.5 per cent of water on Earth is useable and available freshwater,” the report said.The WMO’s data show that water-related hazards have increased in frequency over the past 20 years. Since 2000, flood-related disasters have risen by 134 per cent compared with the two previous decades,…

National News Politics

“India to become global drone hub by 2030”

New Delhi [India]: The aim of the government is to make India a global drone hub by 2030, said Union Civil Aviation Minister Jyotiraditya Scindia on Thursday, adding that drone application will be ensured in transportation, logistic, defence, mining, infrastructure sectors and more, which will generate job opportunities.“We are going to ensure drone application in transportation, logistic, defence, mining, infrastructure sectors and more. It will provide more jobs. Our aim is to make India a global drone hub by 2030,” he said while speaking about the new Drone Rules 2021. Scindia today chaired a press conference to discuss the benefits and applications of the new Drone Rules 2021. Senior officials from the Ministry of Civil Aviation (MoCA) and the Airports Authority of India along with other important stakeholders were also present during the event.Centre on Thursday issued fresh norms for drones usage in the…

Business

India is going to be a global flying training hub soon: Pradeep Singh Kharola

Hyderabad/Gulbarga, Aug 15: Union Civil Aviation Secretary Pradeep Singh Kharola on Sunday said that the endeavor to stop the mass exodus to abroad for pilot training and make India a hub for pilot training shortly. India has 32 FTO (Flight Training Organization) but they were not doing well for various reasons, said Mr Kharola told reporters on the sidelines of laying foundation stone for Asia Pacific Flight Training Academy Limited (APFTAL) at Kalaburagi Airport in Gulbarga about 240 Kms from Hyderabad on Sunday, the Independence day. Eight more training organisations have been permitted by DGCA recently and this initiative will help the Indian flying training sector in becoming more self-sustaining, he said. Of these eight, two are coming up at Kalaburagi Airport and one of them is APFTAL for which he laid the foundation stone today, he said. Earlier, our boys and girls were…

Business Markets

Equity Benchmarks Sensex And Nifty On A Slow Start Amid Weak Global Cues

Equity benchmarks Sensex and Nifty started on a choppy note on Thursday amid a negative trend in Asian peers. The 30-share BSE index was trading 3.34 points or 0.01 per cent higher at 53,058.10 in initial deals, while the broader NSE Nifty inched 8.95 points or 0.06 per cent lower to 15,870.70. Bajaj Auto was the top gainer in the Sensex pack, rising nearly 2 per cent, followed by Tech Mahindra, NTPC, IndusInd Bank, PowerGrid, M&M and HCL Tech. On the other hand, UltraTech Cement, HUL, Sun Pharma and Nestle India were among the laggards. In the previous session, Sensex climbed 193.58 points or 0.37 per cent to close at its fresh lifetime high of 53,054.76, and Nifty rose 61.40 points or 0.39 per cent to its record 15,879.65. Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs…

International US News

US Is The Top Threat To Global Cybersecurity: Wang Wenbin

Amid strained ties between Washington and Beijing, Chinese Foreign Ministry spokesperson Wang Wenbin on Monday said that the United States is “the top threat to global cybersecurity.”  “As facts have proven time and again, it is the US that has been forcing companies to install backdoors and obtaining user data in violation of relevant rules. The US itself is the top threat to global cybersecurity,” Wenbin said during a press briefing. Wenbin stated that the US has long been taking advantage of its advanced tech capacity to run invasive surveillance on people at home and abroad, steal various types of data and violate all kinds of privacy. “The Patriot Act adopted after 9/11 requires cyber companies to offer regular updates on user information. This move has drawn much attention from around the world. France’s CNIL decided in December last year that the French websites…