India is taking notable steps to establish a new SCO Development Bank, with member nations moving towards finalizing the foundational documents for this crucial financial entity. Both Russia and Kazakhstan have shown interest in hosting the headquarters. The bank aims to finance collaborative economic projects while enhancing trade partnerships, marking a significant push for financial…
In a significant move, India and the US have vowed to bolster their bilateral relationship, particularly in critical minerals supply chains. U.S. Treasury Secretary Scott Bessent praised India’s involvement in G7 discussions. Finance Minister Nirmala Sitharaman invited him to visit New Delhi, marking a pivotal moment. Furthermore, the US will take center stage by hosting…
As India prepares for the Brics Summit less than two weeks away, relations with China are warming up. On July 22, Indian External Affairs Minister Subrahmanyam Jaishankar met his Chinese counterpart Wang Yi during the East Asia Summit; five days later, Foreign Secretary Vikram Misri visited China. Last week, Indian National Security Adviser Ajit Doval…
India and China are exploring new frameworks for business exchanges and investments. Beijing may unveil an investment package for India during President Xi Jinping’s visit. This includes a special economic zone with easier sea route access. Efforts are underway to ease approval processes for Chinese investments in non-strategic sectors. Both nations aim to improve overall…
The United States has sanctioned four India-based companies over their alleged involvement in Iran-related petroleum and petrochemical trade and procurement networks, according to a release by the US State Department Source: THE ECONOMIC TIMES Read More…
India’s affluent consumer base is projected to grow more than fourfold over the next decade, potentially overtaking China by 2036 as the country adds millions of consumers with higher spending power. According to the latest report by NielsenIQ (NIQ) AND World Data Lab, India is estimated to have around 2.6 crore affluent consumers in 2026.…
The Indian Navy received ‘Mangrol’, the third Anti-Submarine Warfare Shallow Water Craft built by Cochin Shipyard Limited, Kochi. With over 80% indigenous content, the vessel is equipped for underwater surveillance, anti-submarine warfare, mine warfare and low-intensity maritime operations. Its delivery strengthens India’s indigenous shipbuilding capabilities and Aatmanirbhar Bharat vision. Source: PIB Press Release Read More…
India’s foreign exchange reserves jumped $9.905 billion to $716.90 billion in the wee ended August 14, RBI data showed. Reserves had risen $14.1 billion to $707 billion a week earlier, marking the highest level in the current fiscal year. The latest increase came as FCNR(B) scheme inflows started reflecting. Source: THE ECONOMIC TIMES Read More…
China’s top diplomat Wang Yi wrapped up his South Korea trip without giving Seoul what it really wanted: backing for peace talks with the North. Both sides insisted relations were “fully recovered,” but Wang’s real message was blunt—stop leaning on the US, and start acting with genuine strategic autonomy instead. Source: South China Morning Post…
Raksha Mantri Shri Rajnath Singh and Japanese Defence Minister Shinjiro Koizumi held a bilateral meeting in New Delhi on 20 August 2026. The two sides discussed strengthening defence cooperation, enhancing strategic partnerships, and advancing collaboration in areas of mutual interest, reaffirming India and Japan’s commitment to regional peace, stability, and security. Source: PIB Press Release…