Global News

[ad_1] New Delhi:  The country's per capita income is likely to grow by close to 70 per cent to $4,000 by fiscal 2030 from $2,450 in fiscal 2023, helping it become a middle-income economy with $6-trillion GDP, more than half of which will be coming in from household consumption, says a research report. Per capita income/GDP has risen from USD 460 in fiscal 2001 to USD 1,413 in fiscal 2011 and further to USD 2,150 in fiscal 2021. The biggest growth driver will be external trade which may nearly double to $2.1 trillion by 2030 from $1.2 trillion in fiscal 2023 when the GDP printed in at $3.5 trillion, Standard Chartered Bank said in a weekend report which assumes a 10 per cent nominal GDP growth annually from now on. According to the report, the second-biggest growth driver will be household consumption which is seen jumping to $3.4 trillion by fiscal 2030—which as big as the current size of the GDP—from $2.1 trillion in fiscal 2023. Household consumption is as much as 5...

[ad_1] The International Cricket Council (ICC) has unveiled a stellar lineup of cricketing legends and renowned broadcasters who will be gracing the commentary box during the highly anticipated ODI World Cup 2023 set to take place in India. This esteemed panel will see the return of some iconic voices, with Nasser Hussain, Ian Smith, and Ian Bishop making their comeback, rekindling memories of the unforgettable 2019 World Cup final between England and New Zealand. Adding to the excitement, former international captains and cricketing legends, including Waqar Younis, Shaun Pollock, Anjum Chopra, and Michael Atherton, will be providing their insights and analyses throughout the tournament. Joining this illustrious group will be former international stars Simon Doull, Mpumelelo Mbangwa, Sanjay Manjrekar, Katey Martin, Dinesh Karthik, Dirk Nannes, Samuel Badree, Athar Ali Khan, and Russel Arnold, each bringing their unique perspectives and experiences to the commentary booth. T...

[ad_1] NEW DELHI: In a move towards sustainable energy practices, the Ministry of Petroleum and Natural Gas has declared mandatory blending of Compressed Bio-Gas (CBG) in the CNG (Transport) and PNG (Domestic) segments of the City Gas Distribution (CGD) sector. According to a press release by the Ministry of Petroleum and Natural Gas, the introduction of the CBG Blending Obligation (CBO) is set to revolutionize the usage and adoption of CBG, marking a significant step towards import substitution for Liquefied Natural Gas (LNG) and achieving a circular economy. Hardeep Singh Puri , the Minister of Petroleum and Natural Gas and Housing and Urban Affairs, emphasized the pivotal role of CBO in stimulating CBG demand, saving Forex, and contributing to achieving net-zero emissions. The National Biofuels Coordination Committee ( NBCC ), chaired by the Union Petroleum Minister, anticipates considerable investment of approximately Rs 37,500 crores and the establishment of 750 CBG p...

[ad_1] NEW DELHI: Prime Minister Narendra Modi has said that India's economic growth is a “natural by-product” of his nine-year-old government's political stability, as he expressed optimism that it will be a developed nation by 2047 with "corruption, casteism and communalism" having no place in our national life. In an exclusive interview with PTI late last week, the prime minister also stressed on the need for timely and clear communication of policy stance by central banks, and policy actions by each country in their fight against inflation so that it can prevent negative repercussions on others countries. While most advanced economies are facing an economic slowdown, chronic shortages, high inflation, and ageing populations, the Indian economy is acknowledged to be the fastest-growing large economy with the largest youth population. "For a long time in world history, India was one of the top economies of the world. Later, due to the impact of colonisat...

[ad_1] Pakistan have won the toss and opted to field against India in the Super Fours stage of the Asia Cup 2023 in Colombo, Sri Lanka on Sunday. A hazy sun shone as captain Babar Azam and Indian skipper Rohit Sharma stood for the toss on the pitch as commentator Ravi Shastri looked on. After captain Babar Azam said he would bowl first, Indian skipper Rohit Sharma said they would have batted anyway. Earlier, the skies looked clear at the R. Premadasa International Cricket Stadium in Sri Lanka’s capital Colombo where arch-rivals Pakistan and India are set to clash again in the Super Four stage of the Asia Cup 2023 on Sunday. According to a photograph posted by the Pakistan Cricket Board (PCB) on its X (formerly Twitter) account, the skies appeared to be clear. The Asian Cricket Council (ACC) also put up a photo exclaiming: “The skies are clear as we all gear up for an exciting contest!” Pakistan side Babar Azam (captain), Shadab Khan (vice-captain), Fakhar Zaman, Imam ul H...

[ad_1] India's Adani Group, run by Asia's richest man, has hit back at a report from U.S.-based short-seller Hindenburg Research, calling it "malicious," "baseless" and full of "selective misinformation." Shares in the conglomerate have suffered massive losses since Hindenburg issued its report alleging fraud and other malfeasance. In trading Monday, the company's Adani Enterprises gained 4.8% but shares in other Adani listed companies fell between 5% and 20%. Adani's 400-page rebuttal issued late Sunday accused Hindenburg of attacking India and its institutions and of breaking securities and foreign exchange laws. Adani has also accused Hindenburg, which said it was betting against the group's companies, of trying to derail a share sale originally expected to bring in about $2.5 billion. "This is not merely an unwarranted attack on any specific company but a calculated attack on In...

[ad_1] Australian captain Pat Cummins said on Thursday that they are hoping to try different team combinations and players in the ODI series against India to prepare for the ICC World Cup 2023, starting next month. Pat Cummins said that he had fully recovered from a wrist injury and hoped to play all three one-day internationals against hosts India starting Friday. While Cummins returns, Australia still won’t have the services of pacer Mitchell Starc and all-rounder Glenn Maxwell for the first match in the northern Indian city of Mohali. “I am feeling pretty good, pretty much 100 percent, and hope to play tomorrow and play all the games,” Cummins told journalists. But the Australian pace spearhead said Starc, who is recovering from a groin injury, and Maxwell, from an ankle injury, won’t play “but will be available later in the series”. Most of Australia’s top players are also key members of different franchises in the Indian Premier League Twenty20 tournament, and Cummins...

[ad_1] Former Pakistan captain Shahid Afridi has questioned Pakistan's intent after a devastating loss to India in the Super Four stage of the 2023 Asia Cup. Following Pakistan's defeat to India, Afridi took to the social media platform 'X' (formerly known as Twitter) to express his thoughts about Pakistan's intent in the game while also encouraging the players that they could deliver better performances in their upcoming matches. He also commended India for their outstanding performance in all aspects of the match against Pakistan. "Winning/losing is part of competing, but not putting up a fight, not showing intent to win is just poor. Exactly what I was referring to in my previous tweet. India played as #1 on the field, batting & bowling. Congrats @imVkohli on achieving another dream milestone of ODI runs and well-crafted 💯 by you and KL Rahul. Chin up boys, you can do better than this, next match #PakvsInd,"Afridi said on 'X.' ...

[ad_1] Guwahati, India  — Indian rescue teams searched Thursday for 102 people missing after a devastating flash flood triggered by a high-altitude glacial lake burst that killed at least 10 people, officials said. Violent flooding from glacier lakes dammed by loose rock has become more frequent as global temperatures rise and ice melts. Climate scientists have warned the floods pose an increasing danger across the wider Himalayan mountain range — and the melting causing them to the entire world . "At least 10 people were killed and 102 others reported missing," Prabhakar Rai, director of the Sikkim state disaster management authority, told AFP a day after a wall of water rushed down the mountainous valley in northeastern India. Members of the Indian Army try to recover trucks that were buried by mud after flash flooding in Sikkim, in an undated image released by the Indian Army on Oct. 5, 2023. ...

[ad_1] New Zealand's left-handed opener and one of their most important players Devon Conway revealed his side's game plan ahead of the much-awaited ICC World Cup 2023 semi-final against India which will be played at Wankhede Stadium, Mumbai, on November 15. Conway, who has amassed 359 runs at a 44.87 average in the mega event so far, admitted the brilliance of the Indian team as they are the only side to qualify for the knockout stage of the tournament without tasting a defeat. "We all know how good India are. They are carrying a lot of momentum (and) they have a strong squad," Conway shared his thoughts in a video shared by New Zealand Cricket (NZC). "But we are looking forward to that challenge. It is exciting for us to play against the host nation in the semifinal. We know they are going to be a threat, but we are looking forward to that challenge," he added. Conway added that his side would rely on their experience of playing a match of such...

[ad_1] World Earth Day is an annual event celebrated on April 22nd to raise awareness about environmental issues and promote global efforts to protect the Earth's natural resources. The first Earth Day was celebrated in 1970, and since then it has become a global movement with millions of people participating in various events, activities and campaigns to show their support for environmental protection and sustainability. History The first World Earth Day was held on April 22, 1970, in the United States. It was organized by a group of environmental activists led by Senator Gaylord Nelson , who was concerned about the negative impact of industrialization and pollution on the environment. Senator Nelson wanted to create a national day of environmental education and awareness that would mobilize people across the country to take action to protect the planet. He chose April 22 as the date for the event because it fell between spring break and final exams, making it an ideal ti...

[ad_1] Shaheen Afridi's struggle to regain his form continued during the highly anticipated World Cup 2023 match between Pakistan and India at the Narendra Modi Stadium in Ahmedabad.  Despite being a significant threat to the Indian top order in the past, the tall left-arm seamer couldn't make an impact as India secured a resounding seven-wicket victory, chasing a modest target of 192. Anticipation was high for the clash between Shaheen and the Indian top order, particularly Rohit Sharma, Shubman Gill, and Virat Kohli. Known for his late movement and ability to trouble right-handed batsmen, Shaheen was expected to challenge the Indian batting lineup. However, his form had been a concern leading up to the crucial India game, having only taken two wickets for 103 runs in the opening matches against Netherlands and Sri Lanka. In the match against India, Indian skipper immediately took on Shaheen, hitting a boundary off the very first ball. Although Shaheen managed to di...

[ad_1] Glenn Maxwell showed no mercy to the Netherlands bowlers and hit them to all parts of the ground during the 24th match of the ICC World Cup 2023 between Australia and the Netherlands at the Arun Jaitley Stadium, Delhi, India, on Wednesday. Maxwell scored the fastest hundred in the history of the World Cup as the right-handed batter completed his ton in just 40 balls. The 35-year-old came to bat when the Aussies were 266-4 in 38 overs after they had just lost the wicket of Josh Inglis. Maxwell came in and started hitting the Dutch bowlers and scored 106 runs in total off just 44 deliveries courtesy of 17 boundaries, nine fours and eight sixes. The Dutch bowlers had no answer to the rapid knock by Maxwell and looked helpless as he kept on terrorising them for 10 overs, building a 103-run partnership with his skipper Pat Cummins. The fastest World Cup century's record belonged to South Africa's Aidan Markram who scored a ton on 49 balls against Sri Lanka in the...

[ad_1] NEW DELHI: Leading bourse National Stock Exchange ( NSE ) on Tuesday raised the price band of four Adani Group firms, including Adani Power and Adani Transmission . The changes, which will be effective from Wednesday, will ensure that the price of the scrip cannot move upward or downward beyond a limit set for the day, according to a circular. NSE has enhanced the circuit limit of Adani Power to a maximum of 20 per cent from the current limit of 5 per cent. In addition, the exchange has increased the circuit limit of Adani Wilmar, Adani Green Energy and Adani Transmission to 10 per cent from the present 5 per cent level. The exchange has decided to revise the circuit limit of a total of 172 companies. In January, bourses BSE and NSE lowered the circuit limit of Adani Transmission, Adani Green Energy and Adani Total Gas. Generally, exchanges set the circuit limits to curb large movements in the price of shares in a very short time. The decision was taken after the heavy...

[ad_1] India’s Supreme Court concluded its hearing on Tuesday on a challenge to New Delhi’s 2019 imposition of direct rule in occupied Kashmir, a snap decision that led to protests and mass arrests. Prime Minister Narendra Modi’s government suspended Article 370 of the constitution that guarantees limited autonomy to the disputed region, home to a long-running insurgency against Indian rule. The five-judge bench headed by Chief Justice DY Chandrachud will now retire to consider if the move was legal despite lacking the endorsement from parliament usually required for constitutional change. No timeline has been give for their decision. The Supreme Court in New Delhi heard arguments over 16 days from government lawyers, constitutional experts representing occupied Kashmir’s pro-India political parties, and others challenging the move. India has for decades stationed more than half a million soldiers in occupied Kashmir. Pakistan and India have fought three wars over control...

[ad_1] Pakistan's pre-World Cup team-bonding trip to Dubai has been canceled due to unforeseen delays in obtaining travel visas for their visit to India in order to participate in the mega-event that is about to commence next month. The initial plan for the Pakistan team was to depart for the UAE next week, spending a few days there before heading to Hyderabad. This was in preparation for their inaugural warm-up match against New Zealand scheduled for September 29. However, due to ongoing visa delays, the team is now set to depart from Lahore to Dubai early next Wednesday and then proceed to Hyderabad for their preparations.  This unforeseen situation has raised concerns within the team, highlighting the complexities and challenges surrounding travel and diplomacy between Pakistan and India. According to ESPNcricinfo, Pakistan is the sole team among the nine sides traveling to India for the World Cup still awaiting visas, shedding light on the strained political relatio...

[ad_1] Najam Sethi, the head of the Pakistan Cricket Board (PCB), recently proposed the idea of hosting the Asia Cup in England. “England could be a possibility as a venue for the Asia Cup,” Najam Sethi said in a interview with an Indian media outlet. However, Salman Butt, a former Pakistani cricketer, expressed his reservations about hosting the Asia Cup in England, stating that it would not make sense to have a neutral venue for a tournament that is meant to represent the Asian continent. “A neutral venue like this [England] is not viable for Asia Cup, it will not make sense as it will mean that there is not a single venue in Asia where it could be held,” Salman Butt said. Butt argued that for the sake of giving options, you can provide as many as possible, but it is important to see if they are feasible or not. “You can include England in it and make it Euro-Asia Cup. You can also give this suggestion. In the past, Austral-Asia Cup used to take place in which Australia...

[ad_1] Skipper Rohit Sharma said he was bored of talking about India's pitches after the hosts lost the third Test to Australia on a wickedly turning Indore track on Friday. "This pitch talk is getting too much. Every time we play in India it's always about the pitch," Rohit told reporters after his side's nine-wicket loss. Rohit highlighted the first Test between South Africa and the West Indies, which ended inside three days on a fast Centurion surface on Thursday, and said that batting-friendly tracks, like the ones in Pakistan’s home Test series, produced "boring" contests. "People have to play well for the game to last for 5 days. Games are not lasting for five days even outside India. Yesterday, in South Africa, the game got over in three days. If the pitches are helping the bowlers, the batters need to try and test their skills," Rohit said. "It's not about always making sure that we are playing on flat pitches and the...

[ad_1] NEW DELHI: Flagging a CAG report that pointed to loopholes in the efforts to deal with plastic waste in the country, a parliamentary panel has expressed disappointment at the "lackadaisical" approach of the central pollution watchdog , CPCB , in dealing with the problem and asked the environment ministry to bridge the data and implementation gaps to fight the plastic menace. Though the panel, Public Accounts Committee (PAC), noted the ministry's efforts to deal with plastic waste since May 2021, its 57-page report underlined the absence of effective measures that could save people from the hazards of plastic pollution. The PAC report on 'pollution caused by plastic' was tabled in Parliament during the budget session. The 22-member committee, comprising MPs of various political parties from both Lok Sabha and Rajya Sabha, is headed by Congress member in the lower House Adhir Ranjan Chowdhury. Plastic waste generation has increased substantially from...

[ad_1] NEW DELHI: Private forecasting agency Skymet Weather has predicted a bleak monsoon in India over the next four weeks, raising concerns about the impact on agriculture. "Extended Range Prediction System (ERPS) is projecting a dismal outlook for the next four weeks, until July 6. Agriculture heartland is looking rather cracked and parched. This coincides with the crucial time of sowing or at least preparing the field, with the hope of impending rains," it said on Monday. The central and western parts of India, which form the core monsoon zone, may face challenges in coping with the drying effects due to inadequate rainfall early in the season, Skymet Weather said. The southwest monsoon reached Kerala on June 8, a week after the usual date of June 1. Cyclone Biparjoy in the Arabian Sea first delayed the monsoon onset over Kerala and is now impeding the advance of the rain-bearing system, preventing it from reaching the interior regions of the peninsula, the privat...