Washington, July 16 (IANS) The Trump administration has told lawmakers that it is reshaping US development finance and overseas investment to reduce America’s dependence on China for critical minerals, energy, telecommunications and other strategic supply chains, arguing that economic security has become inseparable from national security.Appearing before the House Foreign Affairs Committee on Wednesday (local time), senior officials from the US International Development Finance Corporation (DFC…
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New Delhi, July 12 (IANS) Beijing has started asking African countries to shift their debt repayments to China from the US dollar to the yuan as part of its strategy to strengthen its own currency and dent the dominance of the American currency in the global payment system as per a media report.Kenya’s decision to restructure part of its Chinese debt and shift repayment from United States dollars into Chinese yuan “is increasingly being interpreted as an early signal of a wider reconfiguration i…
Addis Ababa, July 9 (IANS) Experts from the Africa Centres for Disease Control and Prevention (Africa CDC) on Thursday urged sustained international solidarity, as the death toll of the ongoing Bundibugyo Ebola outbreak has surpassed 600 in Congo and Uganda.The two affected countries have recorded a cumulative 1,779 confirmed cases and 602 deaths, with a case fatality rate of about 34 per cent, while some 302 patients have recovered from the disease so far, according to the latest data from the …
New Delhi, June 23 (IANS) India’s energy security is shifting from scale to resilience as the country expands upstream access and diversifies supply portfolios in the wake of disruptions to the Strait of Hormuz, a report said on Tuesday.The report from S&P Global Energy said the Strait of Hormuz closure had disrupted about 17 per cent of global LNG supply but India — the world’s fourth‑largest LNG buyer — limited the impact by sourcing cargoes from Oman, the United States, Nigeria …
New Delhi, June 14 (IANS) Union Minister of State for Petroleum and Natural Gas Suresh Gopi said on Sunday that any decision on revising the prices of petrol, diesel and LPG in the domestic market would depend on the availability and stability of crude oil supplies in the global market.Speaking to reporters in Kerala’s Thrissur district, Gopi said the Centre was keeping a close track of developments in global energy markets before taking any call on fuel prices. “Let us see the supply of crude…
New Delhi, June 10 (IANS) Union MoS Labour and Employment and Micro, Small & Medium Enterprises Shobha Karandlaje led the Indian delegation at the 114th International Labour Conference in Geneva and held a series of bilateral meetings with counterparts from Nepal, Angola and Mauritius, an official statement said on Wednesday.On the sidelines of the conference, Karandlaje met Ramjee Yadav, Minister for Youth, Labour and Employment, Nepal, where both ministers discussed enhancing cooperation i…
New Delhi, May 29 (IANS) India is diversifying its sources of oil and gas imports to make up for the shortfall in supplies caused by the choking of the Strait of Hormuz amid the West Asia crisis, a senior official said on Friday. “Energy security is very important for us. We are trying to diversify our sources from across the world, and that is our policy at present. We welcome whatever support we can receive from various markets around the world,” said Randhir Jaiswal, the Ministry of External …
New Delhi, May 20 (IANS) State-run Bharat Petroleum Corporation Limited (BPCL) has increased its intake of Russian crude oil to around 41 per cent amid ongoing supply disruptions from the West Asia conflict, a senior company official said on Wednesday.Russian crude now accounts for about 40–41 per cent of total imports, up from 31 per cent in the fourth quarter of FY26 and 25 per cent in the third quarter, said Vetsa Ramakrishna Gupta, Director (Finance), BPCL.Gupta said the company has steppe…
New Delhi, April 28 (IANS) The fourth India-Africa Forum Summit next month could mark the beginning of a more “deliberate, resilient, and equal partnership” between two of the world’s most significant rising powers, a report said on Tuesday. Writing for India Narrative, Nairobi-based journalist Zuri Amondi said that on May 31, leaders from across Africa and India will gather in New Delhi, for the fourth India-Africa Forum Summit — the first in over a decade — calling it renewal rather …
New Delhi, April 3 (IANS) Top government officials including the Secretary, Department for Promotion of Industry and Internal Trade, the Power Secretary, and the Director General of Foreign Trade (DGFT) held a meeting on Friday to discuss ways to increase the domestic production of induction heaters and cooking utensils to bring down the use of cooking gas consumption amid supply chain disruptions due to the Iran war, according to official sources.Demand for induction heaters and other electrica…