Nirmala Sitharaman Attends the Spring Meetings of the World Bank Group and the International Mone...
Finance Minister Nirmala Sitharaman attended the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), along with G20 meetings in the US.
During her week-long trip, she will be hosting the second G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India's G20 Presidency and G20-related side events.
Besides, she will have bilateral meetings, a few investor sessions and other associated meetings during the April 10 to April 16 trip to Washington DC.
UAE and Vietnam Sign declaration to Begin Talks on Comprehensive Economic Partnership Agreement
The United Arab Emirates (UAE) and Vietnam signed a joint declaration of intent to launch talks on establishing a comprehensive economic partnership agreement (CEPA) between the two countries. The CEPA negotiations aim to strengthen economic and trade partnerships and elevate existing trade and economic ties to new heights. The UAE is Vietnam's largest trade partner in the Arab countries, accounting for 39% of its total trade, and the volume of non-oil trade between the two countries reached US$8 billion in 2022. Both sides highlighted the potential and opportunities that the agreement will bring, especially for promoting joint collaboration in the fields of trade, investment, economy, industry, energy, logistics, agriculture, and infrastructure.
Apr 09, 2023
Shah Rukh Khan Wins TIME 100 Reader Poll
Bollywood star Shah Rukh Khan emerged as the winner of Time magazine's 2023 TIME 100 poll, in which readers voted for the individuals/groups that they think deserve a spot on the magazine's annual list of the most influential people.
Out of the total 1.2 million votes received in this poll, the Bollywood superstar received 4 percent of it (nearly 50,000) votes, to emerge as the winner beating personalities like Prince Harry, Meghan Markel and Lionel Messi.
The list also included notable individuals like Michelle Yeoh, Serena Williams, Meta CEO Mark Zuckerberg, Brazilian President Luiz Inacio Lula da Silva and Twitter CEO Elon Musk among others. Iranian women who are protesting for their rights ranked second whereas healthcare workers who've been at the frontlines of the fight against the Covid-19 pandemic since 2020 stood at third position.
Pakistan Gets Saudi's Approval for USD 2 Billion Funding to Secure IMF Bailout
Cash-strapped Pakistan received the nod for funding of up to USD 2 billion from Saudi Arabia, a move that will help the country secure the much-required bailout from the IMF.
The International Monetary Fund had imposed the condition on Pakistan that it should secure USD 3 billion from other countries for the revival of its USD 6.5 billion bailout package.
The assistance from Riyadh came at a crucial time as the IMF programme, signed in 2019, will expire on June 30, 2023, and under the set guidelines, the programme cannot be extended beyond the deadline.
Apr 08, 2023
Five Indian-origin Women in '100 Most Influential Women in US Finance' List
Barron's prestigious annual '100 Most Influential Women in US Finance' list included five Indian-origin women executives who attained prominent positions in the financial services industry and have played a role in shaping its future. These women are Anu Aiyengar from J.P. Morgan, Rupal J. Bhansali from Ariel Investments, Sonal Desai from Franklin Templeton, Meena Flynn from Goldman Sachs, and Savita Subramanian from Bank of America. The fourth annual version of the list recognised these women and 95 others for their accomplishments and influence in the US finance industry.
Apr 07, 2023
Subramaniam Appointed Warrant Officer of UK's RAF
British-Hindu Murugesvaran 'Subby' Subramaniam was appointed as Warrant Officer of the UK's Royal Air Force. The role involves advising the Chief of the Air Staff on matters related to RAF personnel. Subramaniam took over from Warrant Officer Jake Alpert.
Subramaniam is an Air and Space Operations Manager, whose service in the last 15 years has predominantly been in the Space-Based Infrared System (SBIRS), Missile Warning (MW), Space Domain Awareness (SDA), and Ballistic Missile Defence (BMD) field. He has served in the Royal Engineers with 106 Field Squadron/12 Force (Air) Support Group, 36 Engineering Regiment prior to joining the Royal Air Force in 1998. In 2007 Subramaniam spent the next three years at Air Command Bunker dealing with pan-government resilience operations, and he also gained Missile Warning Operator and Data Links Network Manager qualifications. In 2021, he was appointed as the inaugural Command Warrant Officer to the United Kingdom Space Command.
Apr 06, 2023
Iran Appoints First UAE Ambassador Since 2016
Iran appointed an ambassador to the United Arab Emirates for the first time since 2016, amid a realignment of relations between Gulf States and Iran.
The move came after the UAE in August 2022 moved to upgrade ties and said it was returning its ambassador to Tehran.
The UAE downgraded relations with Iran after Saudi Arabia severed ties with Iran in January 2016 after Iranian protesters stormed the Saudi embassy in Tehran following Riyadh's execution of a prominent Shi'ite cleric.
Iran's newly appointed ambassador Reza Ameri had served as the Director General of the Iranian expatriates office in the Foreign Ministry.