Author: Akancha Mishra

The United States has expressed its approval of India’s recent agreement with China concerning the Line of Actual Control (LAC), which effectively ended the military standoff in eastern Ladakh. American Ambassador Eric Garcetti noted that the US has consistently backed India’s efforts to safeguard its strategic interests and uphold its borders. The agreement was ratified during a meeting between Prime Minister Narendra Modi and President Xi Jinping in Russia, marking their first official interaction in five years. Modi highlighted that stable relations between India and China would positively influence regional and global peace and prosperity. In remarks to Times of…

On October 15, 2024, Indian Americans marked Diwali with a vibrant celebration at Minnesota’s State Capitol in St. Paul. Hosted by the Association of Indians in America, AIA-Minnesota, this event featured Lt. Governor Peggy Flannigan, who joined in lighting the traditional Diwali lamp alongside community leaders, emphasizing Minnesota’s support for cultural inclusiveness. This gathering marked the second consecutive year of celebrating Diwali at the Capitol, signifying an effort toward making this celebration an annual event in Minnesota. The festivities began with Chief Priest Murali Bhattarji from the Hindu Society of Minnesota offering prayers, followed by a heartfelt bhajan led by…

Marking the third anniversary of the PM Gati Shakti National Master Plan, India is witnessing a significant transformation in its infrastructure landscape. This initiative has introduced a coordinated and integrated approach, focusing on multi-modal connectivity across road, rail, air, and waterways, thereby enhancing the nation’s logistics system. PM Gati Shakti is driving efficient project execution, reducing costs, and preparing India for infrastructure-led economic growth. The plan’s key achievements include evaluating over 208 major projects worth over $180 billion and addressing 156 critical infrastructure gaps in sectors such as coal, steel, and food distribution. The Ministry of Road Transport has planned…

Extensive research has demonstrated that extended periods of sitting can negatively impact overall health, particularly cardiovascular well-being. Earlier studies suggested that standing for extended intervals might mitigate some adverse effects associated with prolonged sitting. However, a recent investigation conducted by researchers at the University of Sydney challenges this notion. Their research suggests that extending the time spent standing does not improve heart health in the long run when compared to sitting. In fact, it may increase the risk of circulatory issues associated with standing, including deep vein thrombosis and varicose veins. Furthermore, the study revealed that sitting for over ten…

In a historic election, Indian-origin candidates with roots in Punjab have achieved a record 14 seats in the 93-member British Columbia assembly, surpassing the previous high of nine in the last election. The New Democratic Party (NDP) maintained its hold with 46 seats, while the Conservative Party secured 45, and the Green Party claimed two seats. The Greens are now positioned to influence the formation of the next government in British Columbia. Prominent winners include former housing minister Ravi Kahlon and former attorney-general Niki Sharma. Kahlon, a former field hockey player, represented Canada in the 2000 and 2008 Summer Olympics…

Prime Minister Narendra Modi praised renowned global investor Mark Mobius for his strong confidence in India’s economic growth, citing his recent comments on the country’s long-term potential. Speaking at the NDTV World Summit, Modi highlighted Mobius’ recommendation that global funds allocate 50% of their investments to Indian markets. Mobius had previously expressed his intent to invest equally in the US and India over the next several years, emphasizing that India’s growth is not just short-term, but a long-lasting development. Mobius also acknowledged that while other nations, such as China, might become attractive in the future, India’s economic rise would persist…

The Tri-State Annual Gala hosted by the non-profit Akshaya Patra on October 12, 2024, at the Newark Liberty International Airport Marriott raised an impressive $3 million to support its mission of eradicating classroom hunger. The event, attended by 500 guests, featured high-profile speakers and performers, with proceeds boosted by a silent auction. Dr. Rachana Kulkarni, head of Akshaya Patra’s tri-state chapter, expressed gratitude for the overwhelming support. The evening highlighted Akshaya Patra’s impact, especially after the organization was recognized by the United Nations in April 2024 for its work in eradicating hunger and expanding quality education. The gala, themed “A…

The Indo-American Association (IAA), a Houston-based cultural institution, is excited to introduce its Artist Development Program, starting on October 22, 2024. This four-week initiative is designed to help artists of color, including those from Indian, Pakistani, Black, Indigenous, and other backgrounds, strengthen their skills and establish stable careers in the arts. The program aims to benefit artists at all stages, whether emerging, mid-career, or established, by providing them with a comprehensive curriculum focused on industry knowledge and career sustainability. Participants will gain valuable insights into the arts industry, practical tools for enhancing their artistic practices, and strategies to succeed in…

As of September 2024, the mutual fund industry’s assets under management (AUM) reached an impressive $798.25 billion, marking a 0.58% increase from August and a remarkable 25.64% jump since March 2024, according to a report from Axis Mutual Fund. The industry has maintained strong growth, with a compound annual growth rate (CAGR) of 24.19% since March 2021. Equity funds led the charge in September with a 3.37% growth, while hybrid funds followed with a 1.64% rise. In contrast, debt funds experienced a 1.33% drop, and cash assets saw a sharp 14.87% decline, indicating a change in liquidity preferences. Equity AUM…

World Bank President Ajay Banga lauded India’s growth rate as one of the most impressive in the global economy, attributing much of this progress to the strength of its domestic market. Speaking to reporters ahead of the World Bank and International Monetary Fund’s annual meeting, Banga remarked, “Achieving growth rates of six to seven percent in the current global environment reflects the successful measures India has implemented.” He pointed out that a significant portion of this growth is fueled by domestic demand, which is a positive indicator. However, he also highlighted the need for India to focus on improving quality…