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Related Articles from SNS
India Government Said to Consider Hindustan Zinc Share Sale
The Ministry of Finance in New Delhi. Photographer: Prakash Singh/Bloomberg
India moves closer to mega Rafale deal, but will it solve the IAF's fighter shortage?
The Ministry of Defence has issued a Letter of Request (LoR) to France for the procurement of 114 Rafale fighters for the Indian Air Force (IAF). The new Rafale deal, expected to cost Rs 3.25 lakh crore, will be a government-to-government deal between India and France. If the previous deal for 36 Rafale aircraft is to be used as a yard stick then the Indian Air Force is not likely yo get its first Rafale aircraft for at least four years after signing the deal, but since then Dassault's order...
Cheaper gold by Rs 10 lakh - 15% import duty prompts smuggling wave in India
The government's recent hike in gold import duty has fuelled a surge in smuggling, with illicitly imported gold reportedly being sold at discounts of up to Rs 10 lakh per kilogram, creating a significant price gap with legally imported bullion. According to industry participants cited by ET, gold brought into the country through unofficial routes is currently available at a discount of Rs 8-10 lakh per kilogram when compared current domestic market prices. Much of this gold is said to come...
PoK ‘abuses’: India seeks accountability, slams fake news; urges global action
Government slammed Pakistan for fake news blaming India for the ongoing violent protests in POK, urging the international community to hold Pakistan accountable for its “misdeeds and abuses”. The ministry of external affairs said it had taken note of a pattern of fake news and videos emanating from Pakistan. “It is a desperate attempt by Pakistan to cover-up its own failings and deflect attention away from its human rights abuses.
'Pakistan must vacate': India slams election plans in POK's 'Gilgit-Baltistan'
The ministry of external affairs (MEA) on Friday lodged a "strong protest" over Pakistan's plans to hold general elections in Pakistan-occupied-Kashmir's Gilgit-Baltistan assembly. "The Government of India lodged a strong protest with Pakistan regarding the latter’s plans to hold “General Elections” to the so-called 'Gilgit-Baltistan Assembly', in the Indian territories illegally and forcibly occupied by Pakistan, scheduled for 7 June 2026," MEA said in a statement. It reiterated its stance...
Modi is using a cannon to kill a cockroach
Modi is using a cannon to kill a cockroach A student parody account has rattled India’s most powerful man and exposed just how thin his skin has become. In recent weeks in India, Prime Minister Narendra Modi’s government’s profound insecurity has resulted in the deplatforming of college students who came together to form a satirical parody account called “Cockroach Janta Party”. The Cockroach Janta Party (CJP) came to be after India’s Chief Justice Surya Kant compared unemployed young people...
Nepal seeks 'transformative' ties, says no grudge against India
Nepal does not carry any old baggage against India and is determined to build a genuinely transformative relationship with its “close neighbor and most important partner,” said Nepal foreign minister Shisir Khanal as he met his counterpart S Jaishankar on Saturday, following another round of diplomatic strife over the border dispute. Welcoming Khanal, Jaishankar said earlier India’s clear message to the new Nepal government was of collaboration and cooperation as there’s an opportunity today...
Tax moves aim to boost government securities market, not just rupee
Coordinated moves by government and Reserve Bank of India (RBI) on Friday are not just meant to improve foreign exchange inflows and boost the rupee but also meet a more long-term objective of deepening the government securities market with the entry of larger and stable players, widening the pool of investors beyond banks and financial institutions, which dominate the market currently. Officials privy to the discussions said they had been taking place for months, but the intensity increased...
Gold smugglers ‘make a killing’ in India as grey market outshines hefty tariffs
Gold smugglers ‘make a killing’ in India as grey market outshines hefty tariffs Illegal gold imports could exceed 100 tonnes this year, threatening US$2.65 billion in government revenue India, the world’s biggest gold market after China, more than doubled import tariffs to 15 per cent in May to curb demand, cut the trade deficit and ease pressure on the rupee. But the move has created an opportunity for smugglers who are able to offer prices legitimate importers cannot match, they said. The...