Four US military officers promoted in Himalayas during Indo-US drills

In a first ceremony of such kind four US Army officers were handed promotions near Nada Devi, the second-highest peak in the Himalayas. The officers were part of 11th Airborne division of the US Army. Twitter handle of US Army’s Pacific division tweeted about this “In full view of Nanda Devi, the second-tallest mountain in […]

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Top 10 world news: Protests against Covid curbs in China, 56th PSLV flight of ISRO, and more

The people of China vented their anger against the strict Covid curbs through widespread protests, which some social media posts said hampered the rescue efforts. China’s extremely strict ‘Zero-Covid policy’ is increasingly resulting in public fatigue and anger. In other news, ISRO successfully launched nine satellites aboard its workhorse PSLV from the Satish Dhawan Space Centre. Click on the headlines […]

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United States: Airlines, including Air India, forced to pay $600 million in refunds

The US Department of Transportation said this week that the airlines have paid more than $600 million in refunds to hundreds of thousands of passengers for cancelled or changed flights since the start of the Covid-19 pandemic. The development comes as airlines continue to struggle to keep up with a rapid rise in demand for […]

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India removed from US Treasury’s Currency Monitoring List

After Treasury Secretary Janet Yellen spoke at a US-India Businesses and Investment Opportunities event in New Delhi on Friday, the US Department of Treasury withdrew India off its Currency Monitoring List. Along with India, the US also removed Italy, Mexico, Thailand, and Vietnam off its Currency Monitoring List. As per the Department of Treasury’s biannual […]

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Apple supplier Foxconn intends to quadruple staff at India plant

Foxconn, an Apple supplier, is set to quadruple its staff at its iPhone manufacturing units in India over the course of two years, indicating a production shift as it deals with interruptions in China. The supplier has been in news recently due to its rigorous virus restrictions at its Zhengzhou plant, the largest iPhone manufacturer in the world, which have disrupted […]

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India to use first green bonds to finance climate projects

India to use the domestic debt market to finance clean projects by launching first-ever green bonds that would prioritise funding solar power projects, followed by wind and small hydro projects.  The revenues from green bonds will not be used to finance hydropower plants larger than 25 MW, nuclear projects, or any biomass-based power generation using biomass sourced from […]

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PNB scam: Major setback for Nirav Modi as UK elevated Court orders his extradition to India

The United Kingdom elevated Court on Wednesday (November 9) ordered the extradition of Nirav Modi to India as the diamond merchant lost his appeal on mental health grounds. He is set to face fraud charges in the Punjab National Bank (PNB) scam.  The ruling noted that his “risk of suicide” is not such that it […]

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India: External Affairs Minister S Jaishankar embarks on Russia trip, ahead of the G-20 summit

India’s External Affairs Minister S Jaishankar is heading to Russia for a two-day bilateral visit. The top Indian minister is expected to hold an audience with Deputy Prime Minister and Minister of Trade and Industry Denis Manturov and Russian Foreign Minister Sergey Lavrov on Tuesday. However, it is not clear if he will be meeting President […]

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UN COP27 climate summit opens in Egypt; India to flag climate finance gap

In the midst of mounting calls for affluent countries to pay poorer nations most susceptible to climate change, the United Nations Climate Change Conference, known as COP27, officially kicked off on Sunday in Sharm El Sheikh, Egypt. The assembly of close to 200 nations from November 6–18 will be dominated by the rising financial requirement […]

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What Netanyahu’s comeback in Israel means for India

Benjamin Netanyahu has made a stunning comeback to Jerusalem’s power corridors. ‘The King of Israel’, as his loyal supporters call him, led his Likud Party to become the largest political group in Knesset with 32 seats. Together with his allies, the Netanyahu-led right religious bloc has 64 seats in the 120-member Knesset. Netanyahu spent the […]

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