A six-member women’s team of the Indian Navy will set sail in early September to circumnavigate the globe on the sailing vessel, INSV Tarini. This is the first-ever circumnavigation of the globe by an all-woman crew from India, and one of the calls will take place in the Falkland Islands.
(*)By R. Viswanathan - For those who think that Latin America is too far and cost of freight is too high and therefore the region should be less important for India’s trade, here is the eye opener from the 2016-17 (April-March) statistics of the Commerce Ministry of India.
China's Navy Wednesday launched a new 10,000-tonne domestically designed and produced destroyer. The vessel, of the Type 055 class, is the first of a new generation of destroyers equipped with new air defense, anti-missile, anti-ship and anti-submarine weapons, and it is regarded as a challenge to naval rivals in Asia. The ship entered the water following a ceremony at Shanghai's Jiangnan Shipyard.
Venezuela's state-owned oil and natural gas company PDVSA and India have signed accords worth $1.45 billion whereby oil production is expected to increase from 430,000 barrels per day to 855,000 in less than a year. Exports in mind, there is a natiowide shortage of fuel.
Amid fears of threats posed by protectionism, the BRICS countries have vowed to deepen economic engagement, tackle the global economic slowdown, and combat cross border terrorism. The leaders of the five emerging economies of Brazil, Russia, India, China and South Africa wrapped up a summit Sunday in Goa, in western India.
India has begun the process of expanding its preferential trade agreement with the Mercosur trade bloc, opening its market more to South America and negotiations are expected to start in a month or two. The number of products on which tariff concessions is given is likely to increase to more than 3,000 from 450 at present with more agricultural products getting covered in the pact.
Indian drug companies could recoup some of the financial losses incurred as Venezuela struggles to make foreign-currency payments and the value of its currency plummets--by participating in a barter plan that would swap medicines for crude oil.
India's first nuclear armed submarine INS Arihant is now ready for full fledged operations, according to Navy sources. It has passed several deep sea diving drills as well as weapons launch tests over the past five months.
India's economic growth picked up in July-September, outpacing China on improving domestic demand and manufacturing activity, and the acceleration could persuade the country's central bank to keep interest rates unchanged at its Tuesday meeting.
By Rengaraj Viswanathan (*) Mauricio Macri’s win will inspire the centre-right opposition parties that hope to replace leftist governments in Brazil and Venezuela but it is too early to declare, as some observers are doing, that the result marks the end of the Left in the region