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☆ Sri Lanka's Marxist-leaning Dissanayake in early lead to become president
▼ + stars: | 2024-09-22 | by ( ) www.cnbc.com time to read: +3 min

A man waves Sri Lanka's national flag after climbing a tower near presidential secretariat in Colombo on July 11, 2022, after it was overrun by anti-government protestors. (Photo by ARUN SANKAR/AFP via Getty Images)Sri Lanka's Marxist-leaning leader, Anura Kumara Dissanayake, grabbed a commanding early lead on Sunday in his bid to become the next president of the debt-ridden country seeking to elect a leader to bolster its fragile economic recovery. Dissanayake won about 53% of a million votes counted so far in the election, Sri Lanka's Election Commission data showed. "Though I heavily campaigned for President Ranil Wickremasinghe, the people of Sri Lanka have made their decision, and I fully respect their mandate for Anura Kumara Dissanayake." This was Sri Lanka's first election since the economy buckled in 2022 under a severe foreign exchange shortage, leaving the country unable to pay for imports of essentials including fuel, medicine and cooking gas.

Persons: ARUN SANKAR, Anura Kumara Dissanayake, Dissanayake, Sajith Premadasa, Ranil Wickremesinghe, Peremuna, Ali Sabry, Ranil Wickremasinghe, Kumara Dissanayake, Lanka's, Gotabaya Rajapaksa Organizations: Getty Images, Marxist, Sri, National, Power, JVP, International Monetary Fund, IMF Locations: Colombo, Sri Lanka's, Saturday's, Sri Lanka

☆ Heavily indebted Sri Lanka votes in election to decide economic future
▼ + stars: | 2024-09-21 | by ( ) www.cnbc.com time to read: +3 min

A man waves Sri Lanka's national flag after climbing a tower near presidential secretariat in Colombo on July 11, 2022, after it was overrun by anti-government protestors. Rathnayake, the head of Sri Lanka's election commission, told Reuters. Buttressed by a $2.9 billion bailout programme from the International Monetary Fund, Sri Lanka's economy has posted a tentative recovery but the high cost of living remains a core issue for many voters. "Use your vote wisely so Sri Lanka can continue its recovery and move forward towards a sustainable and prosperous future." Sri Lanka's ranked voting system allows voters to cast three preferential votes for their chosen candidates.

Persons: ARUN SANKAR, Ranil Wickremesinghe, Sajith Premadasa, Kumara Dissanayake, Sri, Gotabaya Rajapaksa, Ali Sabry, Lanka's Organizations: Getty, Citizens, R.M.L, Reuters, International Monetary Fund, IMF Locations: Colombo, Lanka's, Sri Lanka's, Sri, Sri Lanka

☆ Flags banned, signs ripped up: Why you can’t mention Taiwan at the Olympics
▼ + stars: | 2024-08-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +7 min

At Paris 2024, Taiwan’s red and blue flag is banned, as is the name “Taiwan” and its anthem. Security staff confiscated a "Taiwan" towel from a fan during the men's doubles badminton semi-final last week. Taiwan is a self-governing democracy that competes as “Chinese Taipei,” an attempt to participate in the Olympics without angering mainland China. That included the women’s team table tennis quarterfinal between Chinese Taipei and China that NBC News attended Wednesday. “Taiwan Independence, go to die.”“Motherland will retake Taiwan tomorrow, okay?” said another, referring to China.

Persons: Taiwan’s Lee Yang, Wang Chi, Liang Weikeng, Wang Chang, “ Let’s, Arun Sankar, Taiwan ”, Taiwan’s Chou Tien Chen, India’s Lakshya Sen, ”, Ann Wang, “, Xi Jinping, Aytac Unal, Mark Adams, Mao Zedong’s, China’s Wang Manyu, Chien Tung, chuan, Wang Zhao, Chiang, Yu Tsing Lin, Chen Szu, Lee Yang Organizations: PARIS, Security, Getty, Taiwanese Ministry of Foreign Affairs, Olympics, Chinese Foreign Ministry, Games, Olympic, Chinese Communist Party, International Olympic Committee, NBC News, IOC, Anadolu, Nationalist, Mao Zedong’s Communists, Taiwan, Paris Games, Taipei women’s, Weibo, Taipei House Locations: Taiwan, Beijing, Russia, Belarus, Ukraine, Tokyo, Paris, China, Taipei, U.S, Republic of China, Formosa, AFP, London, Taiwan Independence

☆ From hunter to guardian: How the ‘Snakeman of India’ found his way into wildlife conservation
▼ + stars: | 2024-05-16 | by ( Michelle Cohan | ) edition.cnn.com time to read: +8 min

Whitaker would go on to earn the nickname “Snakeman of India,” and spend more than six decades dedicated to reptile research and conservation. His field work with snakes and crocodiles ultimately led his conservation efforts to help save India’s rainforests. We tell people when they’re working in the field, when they’re doing agriculture, use a stick. Romulus Whitaker teaches the next generation about reptiles at his conservation organization, Agumbe Rainforest Research Station, in southern India. And it’s wonderful to realize that dozens, if not hundreds, of young people have continued to do wonderful work with reptiles.

Persons: Romulus Whitaker, ”, Whitaker, Doris Norden Whitaker, Rama Chattopadhyay, Bill Haast, Heyward Clamp Whitaker, I’ve, cobras, we’ve, Arun Sankar, there’s, Cedric Bregnard, You’re Organizations: CNN, Miami Serpentarium, Miami, cobras, Cooperative, Getty Images CNN, Global Health Research, University of Toronto, Research, Cedric Bregnard CNN Locations: America, India, cobras, Mysore, Hoosick , New York, New York, Bombay, Western Ghats, Madras, South India, An, Chennai

☆ India’s economy and elections: Is the hype around Narendra Modi’s vision justified?
▼ + stars: | 2024-04-16 | by ( Diksha Madhok | Rachel Wilson | ) edition.cnn.com time to read: +9 min

New Delhi/London CNN —In just a few days, India will commence the world’s largest democratic election. So, is the hype around Modi’s India, which remains a largely impoverished country, justified? The world’s largest biometric database has also helped the government save millions by reducing corruption in welfare initiatives. Domestic investors, both retail and institutional, have been driving India’s stock market to unprecedented peaks. Still, India’s economy, much like its democracy, is far from perfect.

Persons: Narendra Modi, Indranil Mukherjee, Modi, Himanshu Sharma, Guido Cozzi, Arun Sankar, Billionaire Elon Musk Organizations: London CNN —, Getty, CNN, World, University of St, Unified, Bank, ”, National Stock Exchange of India, bourse, Bombay Stock Exchange, NSE, Shenzhen Stock Exchange, Hong Kong Exchange, World Federation of Exchanges, Macquarie Capital, Apple, Foxconn, Billionaire, International Labour Organization Locations: New Delhi, London, India, China, Beijing, Ajmer, Rajasthan, University of St Gallen, Switzerland, Asia’s, Washington, Sriperumbudur, Chennai, Mumbai's Churchgate, AFP

☆ Vaishali Rameshbabu: Indian chess siblings become first brother and sister duo to earn grandmaster title
▼ + stars: | 2023-12-04 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Chess player Vaishali Rameshbabu followed in the family tradition by becoming a grandmaster on Friday. Her brother, Praggnanandhaa Rameshbabu, became one of the youngest grandmasters in history in 2018 at the age of 12. Together, the siblings have now become the first brother and sister duo to become grandmasters, according to Chess.com. Vaishali Rameshbabu, pictured here at a tournament in the Netherlands in January, became a chess grandmaster on Friday. Dean Mouhtaropoulos/Getty Images“Becoming a [grandmaster] has been my goal since I started playing chess,” Vaishali told Chess.com after earning the title at the IV El Llobregat Open in Spain.

Persons: Vaishali Rameshbabu, Praggnanandhaa Rameshbabu, Dean Mouhtaropoulos, Vaishali, Chess.com, “, ”, Arun Sankar, Vaishali’s, she’s Organizations: CNN —, Chess Federation, Getty, FIDE Locations: Vaishali, India, Chess.com, Netherlands, El Llobregat, Spain, Chennai

☆ Prosecutors Charge Indian Man With Trying to Kill Sikh Activist in U.S.
▼ + stars: | 2023-11-29 | by ( Aruna Viswanatha | ) www.wsj.com time to read: 1 min

Hindu nationalists at a recent rally in New Delhi held a banner depicting Gurpatwant Singh Pannun, the alleged target of an assassination plot. Photo: arun sankar/Agence France-Presse/Getty ImagesU.S. prosecutors charged an Indian man with trying to assassinate an American citizen on U.S. soil, a dramatic development that threatens to cause new rifts in the deepening relationship between allies Washington and New Delhi. In an indictment unsealed Wednesday, prosecutors said Nikhil Gupta paid someone he thought was a hit man $100,000 to murder the target, Gurpatwant Singh Pannun, an advocate for carving out an independent Sikh homeland from the north Indian state of Punjab.

Persons: Gurpatwant Singh Pannun, arun sankar, Nikhil Gupta Organizations: Agence France, Getty Locations: New Delhi, American, U.S, Washington, Punjab

Hindu nationalists at a recent rally in New Delhi held a banner depicting Gurpatwant Singh Pannun, the alleged target of an assassination plot. Photo: arun sankar/Agence France-Presse/Getty ImagesAn Indian government employee tried to have a vocal Sikh critic of New Delhi assassinated in New York earlier this year, U.S. prosecutors alleged, a dramatic development that threatens to cause new rifts in the deepening relationship between Washington and New Delhi. The allegation, laid out in an indictment unsealed Wednesday, follows on suspicions Canada aired about a similar plot linked to Indian government agents in which masked gunmen murdered a Sikh activist in the parking lot of his British Columbia temple. Canada in part relied on U.S. intelligence to make that assessment, which was met with official outrage in India.

Persons: Gurpatwant Singh Pannun, arun sankar Organizations: Agence France, An, Canada Locations: New Delhi, Delhi, New York, Washington and New Delhi, British Columbia, Canada, India

☆ New Delhi air pollution: Why can’t India’s capital clean up its toxic air like Beijing?
▼ + stars: | 2023-11-16 | by ( Rhea Mogul | ) edition.cnn.com time to read: +11 min

“It’s an invisible killer,” said Jyoti Pande Lavakare, author of “Breathing Here is Injurious to Your Health: The Human Cost of Air Pollution” and co-founder of clean air non-profit Care for Air. China’s capital has since cleaned up its act, which begs the question: if Beijing can clean up its toxic air, why can’t India too? A key moment in China’s fightback came in 2013, when the government started to invest billions of dollars into a national air pollution action plan. Hundreds of thousands of lives savedChina’s raft of clean air policies have been so successful, they have saved hundreds of thousands of lives, research has shown. They say Kejriwal’s team has done little in terms of implementing effective policies to clean New Delhi’s air.

Persons: “, ”, Jyoti Pande Lavakare, Arun Sankar, China’s, –, Wang Zhao, China’s fightback, Frank Christian Hammes, IQAir, Sunil Dahiya, Dahiya, Stringer, Arvind Kejriwal, Kejriwal, Virendra Sachdeva, Sanjay Kishan Kaul, Sudhanshu Dhulia, Raj K Raj, “ You’re Organizations: CNN, Health, Pollution, Air, Getty, United, Global, Energy, Institute, University of Chicago, Centre for Research, Clean, Bloomberg, Beijing, Care for Air, Aam Aadmi Party, Bharatiya Janata Party, AAP, Ministry of Environment, Hindustan Times Locations: Delhi, Beijing, India, ”, AFP, United States, China, Swiss, New Delhi, Haryana, Punjab, Uttar Pradesh, New, Indonesia, Malaysia, Care, CREA, IQAir

☆ Aircraft carriers aren't the Russian navy's only problem. It has also struggled for decades to build jets for them.
▼ + stars: | 2023-11-15 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +10 min

Russia's sole aircraft carrier, Admiral Kuznetsov, has been out of action for years for repairs. AdvertisementIn July, Russian state media reported that Russia's sole aircraft carrier, Admiral Kuznetsov, could return to active service by the end of 2024. AdvertisementYakovlev Yak-38A Yak-38 on the deck of a Soviet aircraft carrier in October 1985. Even the updated Yak-36M, with a longer range and double the payload, was underpowered compared to NATO carrier aircraft. At least four Yak-38s operated alongside other Soviet jets from a base in the country's southwest in 1980.

Persons: Admiral Kuznetsov, —, Kuznetsov, Yakovlev, Hawker, Su, Andrei Luzik, Gorhskov, ARUN SANKAR Organizations: Soviet, Service, Kuznetsov, US, Soviets, Hawker Siddeley, —, Minsk, US Navy, NATO, Getty, Indian Navy, Mikoyan, Russian, Vikrant, Getty Images, India's Locations: Moscow, Russia, Soviet, Kiev, Soviet Kiev, Afghanistan, India, Delhi, Syria

☆ Pakistan’s Lahore is the latest megacity to shut down as pollution chokes swathes of South Asia
▼ + stars: | 2023-11-10 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

CNN —Lahore has become the latest megacity to shut down as pollution chokes swathes of South Asia, where nearly 50 million people have been breathing toxic air for nearly a week. Commuters make their way through a busy street amid smoggy conditions in Lahore on November 7, 2023. The PM2.5 levels in all these cities far exceed the World Health Organization’s limit and illustrate a growing concern for South Asian countries as they experience rapid industrializations and population booms that are fueling pollution levels. Commuters make their way along the Signature Bridge amid heavy smog conditions in New Delhi on November 9, 2023. The study also found that every single one of India’s 1.4 billion residents endures annual average pollution levels that exceed guidelines set by the World Health Organization.

Persons: Mohsin Naqvi, Arif Ali, Arun Sankar Organizations: CNN, Authorities, Lahore –, Getty, Getty Images Dhaka, Energy, Institute, University of Chicago, World Health Organization, Doctors Locations: Lahore, South Asia, Swiss, Pakistan’s Punjab, Gujranwala, Hafizabad, AFP, Pakistan, India, New Delhi, Haryana, Punjab, Uttar Pradesh, India’s, Kolkata, Mumbai, Bangladesh, Delhi

☆ Former BP boss Bob Dudley says Looney’s shock exit ‘came out of nowhere’
▼ + stars: | 2023-10-03 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Arun Sankar | Afp | Getty ImagesFormer BP CEO Bob Dudley on Tuesday said that Bernard Looney's abrupt resignation last month came as a shock and denied any prior knowledge of the latter's past personal relationships with colleagues. Looney succeeded Dudley, who stood down as BP CEO in 2020. He informed the company that he was not "fully transparent in his previous disclosures" about relationships with colleagues before becoming CEO, BP said. "Things at BP are OK. We move forward as you would expect, despite the change that happens," interim BP CEO Murray Auchincloss said Monday during a CNBC-moderated ADIPEC panel session. Dudley — who now chairs the Oil and Gas Climate Initiative, an organization backed by BP, Saudi Aramco, Exxon Mobil and other Big Oil firms — echoed Auchincloss' view.

Persons: Bernard Looney, Arun Sankar, Bob Dudley, Bernard Looney's, Dudley, Looney, Murray Auchincloss, Auchincloss, It's, Dudley — Organizations: Afp, Getty, BP, Financial Times, CNBC, Abu Dhabi International Progressive Energy Congress, BP Plc, Abu, Abu Dhabi International Petroleum Exhibition, United, Bloomberg, Climate Initiative, Exxon Mobil, Big Oil Locations: New Delhi, Abu Dhabi, United Arab Emirates, Saudi Aramco

☆ New Delhi doesn’t want its monkeys to ruin G20. But it has a plan
▼ + stars: | 2023-09-01 | by ( Rhea Mogul | ) edition.cnn.com time to read: +2 min

Enter the langur – or at least, cardboard cutouts of langurs – and men trained to sound like the bigger primates. “Monkeys cannot be displaced, harmed or hit.”Men walk past monkeys on a street in New Delhi on August 30 ahead of the G20 Summit. Arun Sankar/AFP/Getty ImagesUpadhyay added they have also deployed between 30 and 40 men who can mimic the sounds of langurs to trick the rhesus monkeys into thinking they are nearby. The council has also left food for the monkeys in forested areas to encourage them to remain there, he added. Much of central New Delhi will come to a halt for the G20 with a huge operation to keep global leaders moving freely between the hotels and meeting venues.

Persons: jetting, Joe Biden, –, ” Satish Upadhyay, Arun Sankar, Narendra Modi’s Organizations: CNN, Authorities, New, New Delhi Municipal Council, Getty, Commonwealth Games, Reuters Locations: India, New Delhi, New

☆ Global onion prices could be set to rise with India slapping an export tax on domestic production
▼ + stars: | 2023-08-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

A labourer sorting out onions at a vegetable market in New Delhi on May 30, 2023. The new levy announced Saturday acts to ensure domestic availability and cool inflation, and is effective immediately until December 31, according to the country's Ministry of Finance. Global onion prices are likely to get a positive price cue on account of India's decision. India's government in July also banned the exports of non-basmati white rice in a bid to ensure sufficient domestic supplies. "The government would like to rein [in] prices and ensure sufficient availability in the domestic market.

Persons: Arun SANKAR, ARUN SANKAR, Arun Sankar, Pushan Sharma, Samarendu Mohanty Organizations: Getty, Afp, country's Ministry of Finance, India's Department of Consumer Affairs, CRISIL Market Intelligence, P, Indian Meteorological Department, Pushan Sharma CRISIL, Intelligence, Potato Center, CNBC Locations: New Delhi, AFP, India, Maharashtra, Karnataka, oversupply, Bangladesh, Malaysia, Sri Lanka

CNN —Millions in India will be cheering on the teen chess prodigy known as Pragg as he takes on Norwegian grandmaster Magnus Carlsen for the title of World Chess Champion on Tuesday. Born and raised in Chennai in southern India, Praggnanandhaa took an interest in the game after his older sister, Vaishali, started playing at age 6. Then, in 2016, he created history after winning his ninth round game at the KIIT International Chess Festival in Bhubaneswar, India. Arun Sankar/AFP/Getty Images/FilePraggnanandhaa earned his third international master norm, an achievement handed out for high level of performance in a tournament. Having earned two previous norms already, at the age of 10 years, 10 months and 19 days, he became an international chess master – the youngest ever.

Persons: Magnus Carlsen, Rameshbabu Praggnanandhaa, Fabiano Caruana, Praggnanandhaa, Carlsen, Narendra Modi, Sachin Tendulkar, ” Praggnanandhaa, Vaishali, Andrzej Iwanczuk, “, Arun Sankar, ” Organizations: CNN, CNN Sport, Bloom, KIIT, Getty Locations: India, Baku, Azerbaijan, Chennai, Vaishali, Warsaw, Poland, Bhubaneswar, Indian, “

New Delhi CNN —Eleven people have been shot dead and 14 injured in a fresh outbreak of ethnic violence that has gripped the northeast Indian state of Manipur. The current unrest has seen some of the worst violence in recent years and has sparked criticism of Indian Prime Minister Narendra Modi and his ruling Bharatiya Janata Party (BJP), which governs Manipur. If they are given this status, other ethnic groups – many of whom are Christian – say they fear they will not have a fair chance for jobs and other benefits. People wait at a temporary shelter in a military camp on May 7, after being evacuated by the Indian army, as they flee ethnic violence that has hit the northeastern Indian state of Manipur. Arun Sankar/AFP/Getty ImagesThe Metei community dominates positions within the state government, and have been privy to more economic and infrastructural advancement than the other ethnic groups.

Persons: JNIMS, Deben, Arun Sankar, Narendra Modi, Modi, Amit Shah’s, Christian Organizations: New, New Delhi CNN, Jawaharlal Nehru Institute of Medical Sciences, Raj Medicity Hospital, CNN, Getty, Indian, Bharatiya Janata Party, BJP, Union, Indian National Congress Locations: New Delhi, Manipur, state’s, Imphal, Indian, Arun, Myanmar, Kashmir, India, Kuki

☆ India is now the most populous country in the world. And it’s ready to become a tourism force
▼ + stars: | 2023-06-13 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +9 min

A series of bold investmentsExperts say much of India’s outbound growth trajectory is being driven by improvements in infrastructure and an expansion in its aviation sector. Morgenshtern says the rise in outbound tourism from India is the result of investment not just by the government but by private airlines as well. Air India, for example, is fully owned by Indian conglomerate Tata Sons. As part of its efforts to expand its offerings, the company announced earlier this year it will be operating flights under both the Air India brand and Air India Express, having previously merged the latter with Tata’s other low-cost airline, AirAsia India. In February, Air India purchased nearly 500 new planes, the most ever bought in one order by a single airline.

Persons: Omri Morgenshtern, it’s, Gary Bowerman, It’s, Delhi’s Indira, Morgenshtern, Indira, Bowerman, Jyotiraditya Scindia, ”, “, Matthew Micah Wright, ” Morgenshtern, Arun Sankar, ” Bowerman, there’s Organizations: CNN, Reuters, Times, National Capital, Delhi’s Indira Gandhi International, Indira Gandhi International, Creative, Imaging, Air India, Tata Sons, Air India Express, AirAsia India, India, LCC, ”, Tata, US . Air India, Indigo, Civil Aviation, CAPA India Aviation Summit, Bank Locations: India, China, Noida, Jewar, Uttar Pradesh, Times of India, Delhi, Western Uttar Pradesh, Asia, ., India’s, Europe, Africa, Morgenshtern, France, Switzerland, Thailand, Malaysia, Indonesia, An, Vietnam, Southeast Asia, Singapore, Japan, Korea, Taiwan, Air China, Beijing, Shanghai, China Southern, Guangzhou, Northeast Asia

☆ Dommaraju Gukesh beats Nodirbek Abdusattorov in battle of the teenaged chess prodigies
▼ + stars: | 2023-06-05 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Dommaraju Gukesh beat Nodirbek Abdusattorov in the battle of the teenaged chess prodigies at the Norway Chess tournament on Sunday. Seventeen-year-old Gukesh and 18-year-old Abdusattorov could not be separated during the classical portion of the match with it ending in a draw. Gukesh faces Dutch grandmaster Anish Giri in round six on Monday, while Abdusattorov faces the US’ Fabiano Caruana. Gukesh surveys the board during his round nine game against the Azerbaijan team at the 44th Chess Olympiad on August 7, 2022. “It was very similar to the Gukesh game [Nakamura won 3-0],” he said afterwards.

Persons: Nodirbek Abdusattorov, Gukesh, Magnus Carlsen, –, ” “, ”, chess.com, White, Abdusattorov, Anish Giri, ’ Fabiano Caruana, Arun Sankar, Hikaru Nakamura, Nakamura, Caruana, “, he’d, Tari, Wesley So, ” Carlsen, Giri, Carlsen, Tarjei J Organizations: CNN, Norway, Azerbaijan, Getty, Tari Locations: Catalan, Stavanger, Norway, American

☆ Apple supplier Foxconn breaks ground on $500 million India factory
▼ + stars: | 2023-05-15 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

(Photo by Arun SANKAR / AFP) (Photo by ARUN SANKAR/AFP via Getty Images)Taiwan-based Foxconn has broken ground on a new $500 million factory in the Indian state of Telangana just under a month after Apple CEO Tim Cook met with Indian Prime Minister Narendra Modi. Foxconn is one of Apple 's largest suppliers and directly produces a reported 70% of the world's iPhone supply. The new Telangana factory will employ 25,000 workers "in the first phase," according to a tweet from the government of Telangana. Foxconn did not immediately respond to a request for comment on the discrepancy on when a deal was reached. Bloomberg previously reported on Foxconn's effort to build another factory in the Indian state of Karnataka, just outside of Bengaluru.

☆ Why has India's Manipur state exploded in ethnic violence?
▼ + stars: | 2023-05-08 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

People are evacuated by the Indian army to a temporary shelter as they flee ethnic violence that has hit the northeastern Indian state of Manipur, near Imphal on May 7, 2023. Manipur, a lush, hilly state which borders Myanmar, has long history of civil conflict since modern India’s creation. The divide between the Meiteis and the other ethnic groups is cut sharply across political and geographic lines. People wait at a temporary shelter in a military camp, after being evacuated by the Indian army, as they flee ethnic violence that has hit the northeastern Indian state of Manipur on May 7, 2023. Modi, who is in the southern Indian state of Karnataka to campaign for state elections, is yet to speak publicly about the unrest, sparking widespread anger among Manipur’s residents.

The case for investing in India — a nation of 1.4 billion — is clear, and only bolstered by recent geopolitical shifts. As Western leaders look to boost economic cooperation with countries that share similar values, India, the world’s largest democracy, stands to gain. Arun Sankar/AFP/Getty ImagesIndia’s so-called “demographic dividend,” the potential economic growth arising from a large working-age population, represents a major opportunity. A recent Air India order for more than 200 Boeing planes could support more than 1 million American jobs. One consistent with our democratic values, and another not.”‘Economic miracle?’Beyond geopolitics, India’s economic and demographic fundamentals are driving business interest.

☆ IMF is bullish Sri Lanka's crisis-stricken economy will recover as country gets bailout
▼ + stars: | 2023-03-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +4 min

We expect a contraction around 8% in 2022, a 3% contraction this year before the economy picks up next year." watch nowAs a result, Sri Lanka's debt levels have become unsustainable and inflation remains elevated, he added. "There are plenty of examples of IMF programs restoring stability, though these often come at the cost of painful austerity." Analysts have also argued Sri Lanka needs institutional reforms in order to achieve long-term debt sustainability. Critical reforms"Ambitious revenue-based fiscal consolidation is necessary for restoring fiscal and debt sustainability" in Sri Lanka, said Kistalina Georgieva, IMF's managing director.

☆ A first-of-its-kind fighter jet landing shows India's big ambitions for its growing aircraft carrier fleet
▼ + stars: | 2023-02-23 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +7 min

Two fighter jets landed on and took off from India's new aircraft carrier, INS Vikrant, this month. The continued growth of India's carrier fleet reflects New Delhi's ambitions in the region. Indian carriersA naval variant of India's Tejas fighter jet lands on INS Vikrant on February 6. Indian navyThough Vikrant is India's first domestically built carrier, it is actually the fourth to enter service with the Indian Navy. The third carrier, INS Vikramaditya, is a modified Kiev-class carrier India purchased from Russia in 2004.

☆ Iron ore prices could rally as one leading producer remains reluctant to share, analyst says
▼ + stars: | 2023-02-01 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

"Indian iron ore exports … have really come off in the last few months. India's exports of iron ore plunged by 90% year on year in October last year, and recorded an year-on-year decline as steep as 96% in September. Udit Kulshrestha | Bloomberg | Getty ImagesAccording to Refinitiv, around 60% of global iron ore exports are destined for China. Iron ore exports from India were affected by a 50% tax on low-grade iron ore exports, which was reversed in late November. India's iron ore exports won't be the biggest factor in price volatility, however.

☆ Renault considers making mass-market EVs in India, sources say
▼ + stars: | 2023-01-09 | by ( ) www.cnbc.com time to read: +3 min

It also points to the shifting perception of the auto market in India, which posted the fastest growth of any major market in 2022. Renault is studying launching a made-in-India electric version of its Kwid hatchback, the people told Reuters. Renault India declined to comment on product plans but said the company has a "strong focus on electrification globally" as part of the strategy outlined by CEO Luca de Meo and that "India is one of the key markets" for the group. India is set to become the world's third-largest market for passenger and other light vehicles, displacing Japan, according to a forecast by S&P Global Mobility. Industry-wide sales grew an estimated 23% to 4.4 million vehicles in 2022.

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