Author: Malavika Subramanyan

On June 24, Union Health Minister Mansukh Mandaviya clarified that foreign-made vaccines were not procured during the Covid pandemic due to the demand for indemnity by the foreign firms. He highlighted that Indian vaccine manufacturers were not provided with the same indemnity, emphasizing that the same rule applied to all. Mandaviya further addressed the misconception that India prevented foreign vaccines, such as those made by Moderna and Pfizer, from entering the country. He stated that India granted emergency use approvals to foreign companies when they submitted the required data, similar to the approvals given to Indian companies. In his statement,…

In a historic event, US House of Representatives Speaker Kevin McCarthy expressed his privilege in welcoming Prime Minister Narendra Modi, the leader of the world’s largest democracy, to address a joint session of the US Congress. McCarthy emphasized his anticipation for strengthened economic and national security ties between the United States and India, referring to them as “great nations.” Prime Minister Modi, at the invitation of several US Congressional leaders, delivered a significant address to the joint sitting of Congress in Washington. He presented his vision for the future of the consequential India-US bilateral partnership, acknowledging the bipartisan support…

Indian cricketer Virat Kohli’s net worth has surpassed the $130 million mark, making him one of the richest Indian celebrities. According to Stock Gro, Kohli’s net worth stands at $140 million. The breakdown includes India cricket contracts, brand endorsements, ownership of brands, and social media posts. As per reports, Kohli’s major earnings come from brand endorsements. Kohli is said to earn approximately $920,000 annually from his Team India contract and receives $150,000 for each Test match, $60,000 for each ODI, and $30,000 for each T20 match. He earns approximately $2.1 million annually from the T20 league. Kohli has invested in…

During Prime Minister Narendra Modi’s ongoing state visit to the United States, GE Aerospace and Hindustan Aeronautics Limited (HAL) have reportedly signed an agreement to collaborate on the production of fighter jet engines for the Indian Air Force.  This significant milestone in defense cooperation between the United States and India was announced by GE Aerospace, emphasizing the long-standing partnership between the two countries. H. Lawrence Culp, Jr., Chairman and Chief Executive Officer of GE and CEO of GE Aerospace, expressed pride in contributing to President Biden and Prime Minister Modi’s vision of closer coordination between the nations.  The agreement focuses…

US First Lady Jill Biden and Indian Prime Minister Narendra Modi visited the National Science Foundation in Alexandria, Virginia. They participated in the Skilling For Future event organized by the foundation, where they discussed the collaboration between universities, research initiatives, and the importance of apprenticeships and internships. Jill Biden highlighted the positive impact of students from both countries learning and growing together, emphasizing the goal of creating a better world through mutual cooperation. Prime Minister Modi emphasized India’s strong focus on education and the integration of learning and training. He expressed his delight in engaging with young and creative minds…

According to industry executives, India is currently experiencing a surge in the presence of international beauty brands, which is likely the highest in a year. These brands are targeting India due to its large population of young people and increasing disposable income, presenting an opportunity for their future growth. In addition to expanding their retail presence, global funds are actively seeking investment opportunities in beauty startups, recognizing the potential of the growing market. Economic challenges in China, the largest beauty market in Asia, have also redirected attention to India. The demand for beauty products, including makeup, color cosmetics, hair care,…

On June 27, Prime Minister Narendra Modi is set to unveil five new Vande Bharat Express trains, marking a significant expansion of the existing fleet. These trains will operate on the Goa-Mumbai, Patna-Ranchi, Bhopal-Indore, Bhopal-Jabalpur, and Bangalore-Hubli routes. The introduction of these trains will bring the total number of Vande Bharat Express trains in the country to 23. Built under the “Make in India” initiative of the Modi government, these semi-high-speed trains are designed to offer passengers a faster and more comfortable travel experience. Equipped with cutting-edge amenities, including spacious seating and advanced safety features, the Vande Bharat Express trains…

The projected value of India’s total exports, combining both merchandise and services, is expected to reach US$60.29 billion in May 2023. Specifically, services exports are estimated to be worth US$25.30 billion, while merchandise exports are valued at US$34.98 billion. During the period of April-May 2023, merchandise exports accounted for US$69.72 billion, while services exports reached US$51.14 billion. Among the merchandise exports, 13 out of the 30 key sectors exhibited positive growth in May 2023 compared to the same period in May 2022. These sectors include Electronic Goods (73.96%), Other Cereals (67.96%), Oil Meals (52.91%), Spices (49.84%), Iron Ore (48.26%), Oil…

The Indian Ministry of Defence has granted approval for the procurement of ‘predator drones’ from the United States, although the final decision on the acquisition will be made by the Cabinet Committee on Security (CCS). This development is particularly noteworthy as it coincides with Prime Minister Narendra Modi’s upcoming visit to the United States. Led by BJP leader Rajnath Singh, the Defence Ministry granted its approval for the acquisition of the Predator (MQ-9 Reaper) drones from America on Thursday. The Defence Acquisition Council meeting today approved the deal for the Predator drones. According to officials familiar with the matter in…

Indiaspora, a nonprofit organization representing global Indian diaspora leaders, has expressed excitement about the upcoming visit of India’s Prime Minister Narendra Modi to the United States. Scheduled from June 21 to June 23, 2023, this visit is considered historic as Prime Minister Modi is only the third Indian leader to be invited for a State visit, following President S Radhakrishnan in 1963 and Prime Minister Manmohan Singh in 2009. Indiaspora founder MR Rangaswami welcomes Prime Minister Modi’s visit, highlighting the substantial growth of the U.S.-India relationship and its potential to become a consequential partnership of the century. Rangaswami expects important…