Category: Breaking News
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Russia to retain its position as India’s top defence supplier
During his sixth visit to India on 11 December 2014, Russian President Vladimir Putin received an assurance from India that Russia would remain a top defence supplier for India. “Even as India’s options have increased today, Russia will remain our most important defence partner,” Indian Prime Minister Narendra Modi said in a statement after his…
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The ticking nuclear bomb
The threat of use, or misuse, of nuclear weapons is real and the consequences of such an event will be catastrophic, the Vienna Conference on the Humanitarian Impact of Nuclear Weapons warned. The two-day conference, which ended on December 9, 2014 in the Austrian capital, sought to draw global attention to the impact of nuclear…
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Senate report puts CIA in the dock
The interrogation methods used by the US Central Intelligence Agency (CIA) on detainees were ineffective, much harsher than previously revealed and often produced wrong information, according to the executive summary of a report de-classified by the Senate Select Committee on Intelligence released on Tuesday. Only the 528-page summary has been de-classified. The full report of…
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Will India ever overtake China?
Yes, says Goldman Sachs. And as early as 2016, by which time India’s economy is estimated to grow faster than China’s. According to the American investment bank, India’s gross domestic product (GDP) in 2016 will grow at the rate of 6.8 per cent, while China’s will be 6.7 per cent. If it indeed happens, it…
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Rajapaksa seeks third term as Sri Lankan president
Seeking a third term, Sri Lankan President Mahinda Rajapaksa on Thursday announced presidential elections ahead of schedule. The decision to hold presidential polls, expected in January next year, comes two years before the expiry of 69-year-old Rajapaksa’s current six-year term. “I am declaring a secret today. I have signed the proclamation calling for the election,…
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G20 leaders commit to reviving global economy
Ebola and climate change were among the non-economic topics mentioned in a joint statement by the Group of Twenty (G20) after their two-day summit in Brisbane, Australia that ended on Sunday, Nov. 16. On the economic front, the leaders of the G20 committed to reviving the subdued global economy with a $2 trillion, or 2.1 …
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India, US reach deal to break WTO impasse
In a major victory for India, the US on Thursday agreed to support the former’s demand to be allowed to continue with its food stockpiling scheme. In return, India will lift its veto on a global agreement on streamlining customs rules, known as the Trade Facilitation Agreement (TFA), being negotiated by the members of the…