Rosneft, the Russian state-owned oil behemoth, has large interests in India. Reliance has a contract to purchase 500,000 barrels of crude per day from the firm.
In India, we are accustomed to glacial change. We love appointing Committees to ‘look into’ reform. Unfortunately for us, the rest of the world moves fast.
India’s strategic decisions suggest a pragmatic reading of the US' duality. While defence cooperation with the US has accelerated, India continues to diversify its military suppliers.
New Delhi’s economic engagement with Russia has grown since the start of Moscow’s war with Ukraine. India imported over $56 billion worth of Russian oil last year.
US sanctions part of efforts to cut Iran’s crude exports to zero & prevent country from advancing its nuclear programme. Tehran's oil exports generated around $53 bn in revenue in 2023.
Reuters said domestic activity has become strained by labour shortages & high interest rates introduced to tackle inflation, which has accelerated under record military spending.
The so-called ‘showdown of the century’ between the two nations’ semiconductor industries has driven China’s innovation, fuelled by market demand and US restrictions.
Is there a place for a counter-bureaucracy, or a separate and competing bureaucracy to counterbalance the force of the executive’s bureaucracy, asked author MH Mody in 1980.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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