The city of Glasgow, Scotland, announced today that it will return seven Indian artefacts that were looted during the colonial period, stressing that this is the first time a British museum has made such a move. Six of the items were stolen from northern India in the 1800s, and a seventh was bought illegally after […]
Tag: India
Egypt agrees to buy 180,000 tonnes of wheat from India instead of 500,000
Egypt has signed a contract to buy 180,000 tonnes of wheat from India, the country’s Procurement Minister Aly Moselhy said on Sunday, according to Reuters. The quantity is much smaller than originally agreed Egypt, one of the world’s largest importers of grain, is looking for alternatives after the blockade of grain exports from the Black […]
V. Kikilias: We are strategically strengthening the flow of visitors from India
A highly constructive and targeted meeting took place today between the Minister of Tourism, Vassilis Kikilias and the Ambassador of India to Greece, Amrit Lugun. The two sides expressed their deep satisfaction with the recent measures taken to normalize the visa process in India, which was achieved thanks to the decisions taken by the Minister […]
Iran tests a pilot corridor to ship Russian products to India
Iran’s state-owned shipping company has said it has begun the first shipment of Russian goods to India using a new corridor through the Islamic Republic, an Iranian port official has said. The Russian cargo consisted of two 41-tonne laminate containers that departed from St. Petersburg for Astrakhan, Iran’s state news agency said on Saturday, citing […]
India: Central bank raises interest rates by half a point to 4.90%
The Bank of India has raised interest rates in a bid to curb rising inflation. Central Bank Governor Shaktikanda Das said the monetary policy committee had decided to raise the repurchase rate by 50 basis points to 4.90%. Six of the eight economists polled expected the central bank to raise repo rates by half a […]
Russia: Record oil exports to Asia following European sanctions
Russia is stepping up oil exports from its main eastern port to meet growing demand from Asian buyers and offset the impact of European Union sanctions, three knowledgeable sources told Reuters. Moscow has said it intends to reroute its energy exports from the West to Asia, which are expensive through major shipping routes but also […]
Crisis in India-Muslim relations, following remarks by ousted Indian official
Protests intensified in the Muslim world on Monday over statements made by the ruling party’s spokeswoman in India and were deemed offensive to Islam. The comments of the representative of the nationalist Hindu party Baratiya Janata (BJP), who was removed from office on Sunday, referred to the relationship of the Prophet Muhammad with his youngest […]
India: More than 1.7 million tonnes of grain are stored in ports
India allowed 469,202 tonnes of wheat shipments after most exports were banned last month, but at least 1.7m tonnes are in ports and could be damaged by impending monsoon rains, government officials told Reuters. industry executives The permitted shipments were mainly to Bangladesh, the Philippines, Tanzania and Malaysia, a senior government official said, referring to […]
India drastically restricts sugar exports
The decision of the Indian government to significantly reduce sugar exports takes effect today. Last week the New Delhi government announced its intention to limit sugar exports to ensure availability in the domestic market. “Exports of sugar (raw, processed and white) will be restricted from 1 June 2022,” the Directorate-General for Foreign Trade said in […]
Sri Lanka seems to be relying more on India until IMF funding is agreed
Sri Lanka is counting on more aid from India until it secures an International Monetary Fund program that it hopes will unlock aid from other lenders to help deal with the worst financial crisis in its independent history, according to Bloomberg. The country of South Asia is plagued by shortages of basic necessities, power outages […]
