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ALSO READ: BRICS Summit 2023 Highlights HERE "Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates joined BRICS as new full members which is a strong indication of the growing authority of the association and its role in international affairs," the Russian president said. 1. In a statement on the start of Russia's BRICS Chairmanship, Putin said in the statement published on the Kremlin website that the Russian 2024 BRICS Chairmanship will "focus on positive and constructive cooperation with all countries concerned".

Gujarat Alkalies and Chemicals Ltd (GACL) on Tuesday said it has signed an initial pact with Vedanta Aluminium for exploring various business opportunities in the areas of caustic-chlorine and other allied businesses. The Memorandum of Understanding (MoU) envisages to recognize the potential of adding value to the business of both GACL and Vedanta Aluminium by adopting a collaborative approach in common business interests to achieve synergy, GACL said in a regulatory filing.

BRICS bloc of top emerging economies, including India, Russia and China, has announced induction of five full members into it as part of an attempt to expand its strategic heft against the backdrop of Western dominance in world affairs. As Moscow assumed the presidency of BRICS, Russian President Vladimir Putin said on Monday that the grouping has become a 10-nation body now with Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates joining it as new members.

₹5 lakh a year, as per a report by the Indian Express. This achievement indicates the vast pool of raw talent waiting to be tapped in India’s vast hinterland, hobbled by a lack of opportunity and exposure. Such talent can blossom not just in sports, but in economic achievement as well.

NEW DELHI : Ahead of the general elections, the government is planning to consolidate marquee schemes to safeguard the interests of farmers and consumers, under the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA), with an allocation of ₹28,107 crore till 2025-26, three officials aware of the matter said. The plan is to merge the Union Consumer Affairs Department’s Price Stabilisation Fund (PSF) with the agriculture ministry’s Price Support Scheme (PSS), and bring the merged scheme under the PM-AASHA, along with the market intervention scheme (MIS).

New Delhi: India is considering proposals to connect Bangladesh’s strategically important Matarbari port to northeastern states, according to people aware of the matter. Bangladesh expects to boost exports once the country’s first deep sea port is built at Matarbari with assistance from Japan. The port will enhance exports to Southeast Asia, and other Asian markets, and improve its capability to handle cargo from international markets.

Geopolitical pressures and other non-economic factors have put the global economy on a path towards fragmentation. Beyond its inherent risks, this trend will not only have profound implications for economic stability and growth but also could jeopardize efforts to combat climate change. Heightened geopolitical tensions, especially the escalating rivalry between the United States and China, are the primary catalyst of fragmentation.

commercial ships in the Red Sea, the top commander of US naval forces in the Middle East says, even as more nations join the international maritime mission to protect vessels in the vital waterway and trade traffic begins to pick up. Since Operation Prosperity Guardian was announced just over 10 days ago, 1,200 merchant ships have traveled through the Red Sea region, and none had been hit by drone or missile strikes, Vice Adm. Brad Cooper said in an Associated Press interview, although the US military said that one ship reported being struck by a missile late Saturday.

India firmed up defence procurement worth over Rs 3.50 lakh crore in 2023 as the lingering border standoff with China in eastern Ladakh as well as the crises and conflicts around the world kept the military focused on ways to enhance the country's overall combat prowess to firmly deal with any security challenges. India also went on an overdrive in expanding its military engagement with like-minded countries in its neighbourhood and beyond in the face of China's relentless attempts to become a regional hegemon and establish its primacy in South Asia.

India and the UAE is scheduled to take place in Rajasthan from January 2 to January 15. As reported by ANI, the joint manoeuvres during 'Desert Cyclone 2024' aim to boost interoperability through the exchange of knowledge and best practices in urban operations.

Gaza Strip's Hamas rulers on Saturday condemned the US approval of a $147.5 million sale of high-explosive artillery munitions and related equipment to Israel. The United States announced the sale of the 155mm artillery munitions on Friday under an emergency provision that waives the normal requirement for a congressional review.

Vivo India Hong Xuquan alias Terry, a Chinese national, Chief Financial Officer (CFO) Harinder Dahiya and consultant Hemant Munjal were earlier arrested by Enforcement Directorate under the provisions of the Prevention of Money Laundering Act (PMLA). The executives were arrested in connection with its money laundering probe against the Chinese smartphone maker and some others. The federal agency had earlier made four arrests in the case which included mobile company Lava International's MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang and chartered accountants Nitin Garg and Rajan Malik.

US prosecutors are reluctant to pursue a second trial in the case involving Sam Bankman-Fried, former CEO of the now-defunct crypto exchange FTX.

Russia, External Affairs Minister S. Jaishankar signed three documents relating to the Kudan Kulam Nuclear Power Plants, an MoU on cooperation in pharmaceuticals and healthcare and a Protocol on Foreign Office Consultations according to a release of the Ministry of External affairs. The EAM was on a visit to Russia from December 25 to 29 as a part of the ongoing high-level exchanges between the two sides. During his visit, Jaishankar called on Russian President Vladimir Putin in Moscow and held discussions with the Deputy Prime Minister and the Minister of Industry and Trade, Denis Manturov, as well as the Minister of Foreign Affairs, Sergey Lavrov. «Three documents relating to the Kudan Kulam Nuclear Power Plants, an MoU on cooperation in pharmaceuticals and healthcare and a Protocol on Foreign Office Consultations were signed during the visit,» the Ministry of External Affairs said in a release.

India’s foreign minister has met with Russian President Vladimir Putin, who said relations between the countries are progressing even amid turbulent times

South Korea’s top court has ordered a third Japanese company to compensate some of its former wartime Korean employees for forced labor

NEW DELHI : Audit watchdog National Financial Reporting Authority (NFRA) on Friday alleged that leading audit firm Walker Chandiok & Co. LLP was directly or indirectly related to some of the Grant Thornton entities, and that it offered prohibited non-audit services to audit clients in two instances. In an order issued after an inspection of Walker Chandiok & Co, NFRA said that firm has also failed in some of the norms relating to client acceptance and continuance.

trade deal with Australia only after the conclusion of the general elections next year as Canberra has sought access to India's agriculture market, a senior government official said Friday. «The government is reluctant to commit anything involving the agriculture sector.

customs departments of India and Hong Kong have jointly busted a money-laundering network, where foreign currency was remitted out of India against import of cheap synthetic diamonds, the finance ministry said on Friday. The racket involved Indian traders who were importing synthetic diamonds from Hong Kong by wrongly declaring them as real ones, it said. The two authorities have arrested four people each. "Indian customs and Hong Kong customs have unearthed a major case of trade-based money laundering involving Hong Kong-based exporters and Indian importers located in (a) special economic zone in an exemplary case of bilateral cooperation and exchange of information," a finance ministry statement said. Earlier this year, the Directorate of Revenue Intelligence (DRI) detected a case where cheap synthetic diamonds were imported into India by overvaluing them more than 100 times, to remit foreign currency out of India.

defence synergy and trade links in 2024 and remain steadfast in securing a free and open Indo-Pacific region. In a statement issued on Thursday, Mukesh Aghi, the President and CEO of the US-India Partnership Forum (USISPF) also said that as the world moves into 2024, now the fastest-growing major economy and the most populous nation in the world has a «bolder vision.

Mineral Resources, Excise and General Administration Department with himself while giving home to deputy CM Vijay Sharma and finance ministry to IAS-officer-turned MLA O P Choudhary. The strength of the state cabinet is 12. Sai will also handle Energy, Public Relations, Commercial Tax (Excise) and Transport departments and all other departments not specifically assigned to any minister, said the gazette notification issued by the General Administration Department.