Backchod Indian

  On October 29, Prime Minister Narendra Modi announced a significant health initiative aimed at supporting senior citizens in India. Under this new scheme, individuals aged 70 and above will receive free treatment coverage of up to ₹5 lakh. This move is part of the government’s broader efforts to enhance healthcare accessibility and affordability for the elderly, who often face financial constraints due to medical expenses. The program aims to alleviate the burden of healthcare costs for senior citizens, many of whom rely on limited pensions and savings. With rising healthcare costs, this initiative will provide essential support, ensuring that older adults can access necessary medical treatments without the fear of financial strain. During the launch, PM Modi emphasized the government’s commitment to ensuring that every citizen, especially the elderly, has access to quality healthcare services. This initiative not only reflects the government's dedication to the welfare of senior...

  Recent reports indicate that major private telecom companies in India, such as Jio and Airtel, may soon reconsider and potentially reverse some of their recent price hikes. This shift comes as these companies assess market competition, customer demand, and the economic pressures impacting their user bases. Jio and Airtel implemented price hikes over the past year as part of their strategy to boost Average Revenue Per User (ARPU) and increase profitability. These hikes impacted a variety of prepaid and postpaid plans, prompting some backlash from budget-sensitive users. In response to feedback and a potential shift in market dynamics, there are now signals that these telecom giants might soften or partially roll back certain tariffs to maintain a competitive edge. The telecom sector in India is highly competitive, with customers being quick to shift service providers based on affordability. With the possibility of a price roll-back, the companies aim to attract new users and retai...

India is emerging as a formidable economic powerhouse, ranking 47th globally with a GDP of $3.55 trillion. This growth is fueled by a large, skilled, and increasingly educated workforce, alongside a diverse economy that spans agriculture, services, and a robust manufacturing sector. While the vast population contributes to lower per capita income compared to other nations, the services sector—particularly IT and business outsourcing—has flourished. India's English-speaking workforce has transformed the country into a significant global hub for technology and outsourcing services. In contrast, the UAE, with a GDP of $504 billion, illustrates a model of effective economic diversification. By leveraging its oil wealth, the UAE has developed a modern economy that is less reliant on traditional resources. The strategic use of foreign investment in sectors like tourism, real estate, and finance has bolstered its economic resilience, offering insights for other nations, including India. B...

  Uttar Pradesh has rapidly climbed to become India’s second-largest economy, a feat emphasized by Chief Minister Yogi Adityanath in recent statements. With a clear vision to transform the state into the country’s leading economy, the UP government has implemented various policies aimed at industrial growth, agricultural reform, and infrastructural development. The state’s Gross State Domestic Product (GSDP) has seen significant improvement, aided by initiatives designed to attract investment, create jobs, and foster business-friendly conditions. Key factors in UP’s economic surge include the ‘One District, One Product’ (ODOP) scheme, which supports local crafts and industries, as well as investments in expressways, airports, and tech infrastructure, which improve connectivity and attract foreign and domestic investors. The state has also launched welfare programs to boost rural employment and skills, positioning UP as a manufacturing and trade hub. With ambitious plans for the fut...

  Prime Minister Narendra Modi concluded his visit to Kazan, Russia, on Wednesday, marking the end of his participation in the 16th BRICS Summit. During the summit, PM Modi took part in both restricted and open sessions, engaging with global leaders on key geopolitical and economic issues. A major highlight of his visit was the much-anticipated bilateral meeting with Chinese President Xi Jinping, where discussions centered on trade, regional security, and ongoing efforts to stabilize India-China relations. Before returning to India, PM Modi held important talks with the Presidents of the United Arab Emirates (UAE) and Uzbekistan. His meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan focused on the India-UAE Comprehensive Strategic Partnership, a relationship that has deepened in recent years through cooperation in energy, trade, and technology. PM Modi expressed his satisfaction, stating, "Glad to have met my brother, His Highness Sheikh Mohamed bin Zayed Al Nahyan,...

  During the BRICS Summit in Kazan, Prime Minister Narendra Modi and His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, held a key meeting to discuss various global challenges. The leaders exchanged views on pressing international concerns, emphasizing the importance of multilateral cooperation in addressing these issues. Their conversation touched on economic recovery post-pandemic, energy security, and climate change, aligning with their shared vision of sustainable growth and global peace. The meeting highlighted the strong bilateral relations between India and the UAE, which have grown significantly in recent years. Both leaders reaffirmed their commitment to further strengthening economic ties, enhancing defense cooperation, and exploring new avenues of collaboration in technology and innovation. Their strategic dialogue at the BRICS Summit reflects the broader aspirations of both nations to play a pivotal role in shaping the global order.

  The newly proposed India-UAE food corridor, now incorporating Israel as a third partner, presents a unique opportunity for extensive business partnerships among these nations. This initiative aims to strengthen food security, enhance agricultural exports, and improve trade dynamics. The collaboration is a direct outcome of the historic I2U2 summit held in July 2022, which brought together leaders from India, Israel, the UAE, and the United States to foster joint investment across multiple sectors, including food, water, and energy. The commitment and cooperation of all involved partners and stakeholders will be crucial for the corridor's success, which is expected to serve as a model for similar initiatives globally. India's ambition to become the food basket for West Asia is evident, with agricultural exports reaching $53.1 billion in 2022-23. Major exports to the UAE include cereals, sugar, fruits, and seafood, highlighting India's pivotal role in meeting the region...

  The United Arab Emirates (UAE) officially joined the BRICS group, a significant step in enhancing its diplomatic and economic options. The BRICS group, comprising Brazil, Russia, India, China, and South Africa, ratified the UAE’s membership during the 15th BRICS Summit in Johannesburg in August 2023. This strategic move aligns with the UAE’s commitment to multilateralism and global cooperation, as it seeks to foster constructive dialogue and partnerships among developing and emerging economies. The UAE's inclusion in BRICS highlights its long-standing efforts to champion global development and peace. The country has actively participated in BRICS-related initiatives, including the ‘Friends of BRICS’ forum held in June 2023. Moreover, the UAE joined the BRICS New Development Bank in 2021, further demonstrating its dedication to supporting infrastructure projects and sustainable development in emerging markets. The UAE's membership underscores its vision of creating a more bala...

  In a significant diplomatic achievement, the United Arab Emirates (UAE) has facilitated a successful exchange of prisoners of war between Russia and Ukraine, resulting in the release of 190 individuals. This development marks the ninth successful mediation effort by the UAE since the beginning of 2024, showcasing the nation’s commitment to fostering strong and amicable relations with both countries. The UAE's involvement reflects its broader strategy of promoting peace and stability in regions affected by conflict, making it a key player in international diplomacy. The UAE Ministry highlighted that this recent mediation not only reinforces the UAE's role as a mediator but also emphasizes the importance of dialogue and de-escalation in resolving the ongoing conflict between Russia and Ukraine. The Ministry’s statement reiterated the UAE's dedication to continued efforts toward achieving a peaceful resolution, recognizing that communication is vital to bridging the gaps bet...

  The government of Andhra Pradesh has successfully secured a ₹13,600 crore loan from the World Bank and the Asian Development Bank (ADB) to fund the construction of its new capital city, Amaravati. This financial boost is a significant step in transforming the city into a world-class administrative and commercial hub. Amaravati, envisioned as a sustainable and modern urban center, has been a key focus for the state, which aims to establish it as the seat of governance and a model for future urban development. The loans will primarily be directed towards infrastructure development, including road networks, drainage systems, and public utilities. These foundational projects are essential to meet the growing demand for urban services in the new capital, designed to house government offices, residential areas, and commercial zones. The funding from global financial institutions reflects confidence in Andhra Pradesh’s long-term economic growth potential and its commitment to fostering ...

  The Char Dham highway project, a vital infrastructure initiative in Uttarakhand, has reached a remarkable milestone, with 75% of the 900 km stretch completed. This ambitious project aims to enhance accessibility to four major pilgrimage sites: Yamunotri, Gangotri, Kedarnath, and Badrinath, collectively known as Char Dham. The highway’s development is expected to facilitate smoother travel for millions of pilgrims and tourists each year, promoting not only religious tourism but also local economic growth. Improved road connectivity will reduce travel time and enhance safety, making it easier for emergency services to reach remote areas. The project is part of the larger initiative by the Indian government to boost infrastructure in hilly and challenging terrains, ensuring that residents and visitors alike can benefit from better connectivity. As the project nears completion, stakeholders are optimistic about its impact on Uttarakhand’s economy and tourism sector, paving the way fo...

  The Identity and Citizenship Authority (ICA) of the UAE has announced an expansion of the entry and stay period for Indian nationals, a move that reflects the strengthening of the long-term strategic partnership between the UAE and India. This decision aims to enhance economic and trade relations between the two countries, fostering a mutually beneficial environment for both Indian nationals and the UAE. By facilitating easier access to the UAE, the ICA is making a significant contribution to the ongoing collaboration between these two nations, which have a rich history of cultural and economic ties. In addition to bolstering relations with India, this initiative positions the UAE as a leading global hub for tourism and business. The expansion of entry and stay periods is expected to attract capital, entrepreneurs, talents, and experts from India, further enhancing the UAE's appeal as a destination for investment and innovation. This strategic move not only reflects the UAE's...

  The ambitious redevelopment project for New Delhi Railway Station has undergone a significant revision, with the estimated cost now increased to Rs 2,469 crore. This move follows multiple failed attempts to attract bidders for the project. Initially introduced as part of a broader plan to modernize key railway stations across India, the New Delhi project is set to transform the station into a world-class transport hub, featuring enhanced passenger amenities, modern infrastructure, and improved connectivity. The hike in project cost reflects the need to make the terms more attractive to potential bidders while addressing evolving construction and operational challenges.

  External Affairs Minister (EAM) Dr. S. Jaishankar arrived in Islamabad to participate in the Shanghai Cooperation Organization (SCO) Council of Heads of Government meeting. The visit underscores India's active role in regional diplomacy through multilateral platforms like the SCO. During the meeting, Dr. Jaishankar will engage in discussions focused on economic cooperation, connectivity, and regional stability, key pillars of the SCO agenda. The meeting also provides an opportunity for member states, including India and Pakistan, to address common challenges and foster collaboration in areas such as trade, technology, and security. India's presence at the meeting highlights its commitment to strengthening regional ties and promoting collective growth within the SCO framework. Dr. Jaishankar's participation is seen as a significant step toward fostering dialogue, despite ongoing bilateral tensions with Pakistan. The outcome of this high-level meeting will likely shape the ...

  Abu Dhabi has emerged as the richest city globally in terms of capital managed by sovereign wealth funds, as reported by Global SWF. As of October 1, 2024, sovereign wealth funds worldwide manage assets valued at approximately $12.5 trillion, with the top six cities accounting for two-thirds of this staggering wealth. Sovereign wealth funds are state-owned investment vehicles that manage national savings with the aim of generating returns. They typically invest across a diverse array of asset classes, including stocks, bonds, real estate, and infrastructure projects. The substantial capital within these funds often stems from surplus revenues, particularly those derived from natural resources such as oil and gas. Abu Dhabi’s considerable wealth can be largely attributed to its rich oil reserves and its strategic investment strategies, which have ensured the effective management of these resources. The Global SWF report also highlights other notable cities with significant soverei...

  During a media briefing at Dubai Humanitarian, Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation, reaffirmed the UAE's steadfast commitment to aiding Lebanon in its time of need. The briefing marked the launch of the "#UAE_Stands_With_Lebanon" campaign, aimed at providing vital humanitarian support to the Lebanese people amidst the ongoing challenges the country is facing. Her Excellency emphasized that Lebanon is a "brotherly nation" and that the UAE stands ready to offer comprehensive assistance. Several major international humanitarian organizations joined the UAE in this effort. Key participants included the United Nations Humanitarian Response Depot (UNHRD) of the World Food Programme (WFP), the World Health Organization (WHO), the United Nations High Commissioner for Refugees (UNHCR), UNICEF, and the International Federation of Red Cross and Red Crescent Societies (IFRC). Their involvement reflects the coordinated global...

  The Union Cabinet has recently approved a significant infrastructure project aimed at enhancing connectivity in border regions of Punjab and Rajasthan. With an investment of ₹4,406 crore, the project will develop 2,280 km of roads across these states, focusing on connecting remote villages near the border areas. This ambitious plan is part of a broader initiative to improve accessibility, boost local economies, and strengthen border security. The upgraded road network will facilitate better transport of goods, improve communication, and provide easier access to essential services for border communities. Additionally, it is expected to bolster national security by enhancing mobility for defense forces in these strategically important areas. The project reflects the government’s commitment to developing border regions and ensuring that even the most remote villages are connected to the national infrastructure grid. This initiative will play a crucial role in not only improving the ...

  As Israel’s first ambassador to the United Arab Emirates (UAE), Amir Hayek concludes a transformative three-year tenure, he reflects on the significant strides made in bilateral relations between the two nations. In his farewell message, Hayek commended the remarkable progress achieved and expressed deep gratitude to various UAE entities whose cooperation was instrumental in the success of his diplomatic mission. Hayek particularly acknowledged the leadership of UAE President Sheikh Mohammed bin Zayed Al Nahyan and Deputy Prime Minister and Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan. He praised their vision and commitment, which have greatly contributed to fostering a strong partnership between Israel and the UAE. Envisioning a future where peace and friendship flourish, Hayek articulated his hopes for continued cooperation that binds the nations together. His reflections included appreciation for the guidance and support he received from mentors, colleagues,...

  The Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund of the UAE, has officially started its operations in India. This significant move is expected to boost investment activity in the region, with ADIA's presence at Gujarat International Finance Tec-City (GIFT City) marking a key step in enhancing economic cooperation between the two countries. Founded in 1976, ADIA is among the world’s largest sovereign wealth funds, managing investments on behalf of Abu Dhabi's government. The fund's entry into India was announced during the 12th India-UAE High-Level Joint Task Force on Investments (HLJTFI) meeting, held in Mumbai on October 7, 2024. The meeting, co-chaired by India's Commerce Minister Piyush Goyal and ADIA’s Managing Director Sheikh Hamed bin Zayed Al Nahyan, focused on mutual investment opportunities, particularly in sectors like food parks, cross-border payments, and new avenues for collaboration. This move follows India’s recent Bilateral ...

  India and the UAE are embarking on a significant collaboration by establishing a food corridor with an investment of $2 billion. This initiative aims to cater not only to the UAE market but also to other international markets, providing a lucrative opportunity for Indian farmers. Union Minister Piyush Goyal highlighted that this project will enhance the income of Indian farmers while creating additional job opportunities within the agricultural sector. The food corridor reflects a strategic partnership that seeks to boost trade relations and strengthen food security between the two nations. During a press conference following the 12th meeting of the India-UAE High-Level Task Force on Investment, Goyal emphasized the importance of this venture. He announced the formation of a specialized working group that includes representatives from the central and state governments of India, alongside UAE officials. This group will focus on advancing the establishment of the food corridor, ens...

  On August 31, 2024, the renewed Bilateral Investment Treaty (BIT) between India and the United Arab Emirates (UAE) officially came into effect, ensuring continued investment protection for investors from both nations. The BIT, signed on February 13, 2024, in Abu Dhabi, replaces the earlier Bilateral Investment Promotion and Protection Agreement (BIPPA) signed in December 2013, which is set to expire on September 12, 2024. According to the Ministry of Finance, the new agreement safeguards the long-term partnership between India and the UAE, fostering confidence for investors. The UAE is India’s seventh-largest foreign direct investor, contributing approximately 3% of total Foreign Direct Investment (FDI) inflows, with cumulative investments totaling USD 19 billion between April 2000 and June 2024. The 12th Meeting of the India-UAE High-Level Joint Task Force on Investments (HLJTFI) was recently held in Mumbai, co-chaired by India’s Commerce and Industry Minister, Shri Piyush Goyal...

  Bharat Petroleum Corporation Limited (BPCL) has announced a significant investment of ₹60,000 crore to establish an integrated refinery-cum-petrochemicals complex at Ramayapatnam port in Nellore, Andhra Pradesh. This ambitious project aims to enhance BPCL’s refining capacity while promoting the development of the petrochemical industry in India. The proposed complex will feature state-of-the-art technology to produce a variety of refined petroleum products and petrochemicals, catering to the growing demand in both domestic and international markets. The facility is expected to have a refining capacity of approximately 15 million tonnes per annum, which will play a vital role in reducing India’s dependency on imported petroleum products. The investment is also anticipated to create thousands of jobs in the region, boosting local economic development and infrastructure. Furthermore, the project aligns with the Indian government’s vision of enhancing energy security and promoting su...

  In a significant gesture of support, the United Arab Emirates has launched the "The UAE is with You Lebanon" campaign, aimed at providing critical humanitarian assistance to Lebanon amid its ongoing challenges. Today, the UAE, in collaboration with the World Health Organization (WHO), dispatched a plane from Dubai carrying 40 tons of essential medical supplies to Lebanon. This plane marks the first delivery of aid under this initiative. The UAE's commitment to Lebanon is underscored by the directives of President Mohammed bin Zayed, who has approved a substantial $100 million emergency humanitarian aid package. This initiative highlights the UAE's dedication to supporting Lebanon during these trying times and reinforces its role as a leader in regional humanitarian efforts. The medical supplies are intended to address urgent healthcare needs in Lebanon, reflecting a compassionate response to the country's crisis. As the UAE continues to mobilize support, this ca...

  Apple Inc. is planning to expand its retail presence in India by opening new stores in key metropolitan areas such as Bengaluru, Pune, Delhi-NCR, and Mumbai. This move follows the success of its flagship stores in Mumbai and Delhi, which were launched earlier in 2023. The new stores are expected to strengthen Apple's direct engagement with Indian customers and enhance its premium retail experience across these rapidly growing tech hubs. Bengaluru and Pune, known for their strong IT and tech ecosystems, are ideal locations for Apple's expansion. These cities have a growing base of tech-savvy consumers and professionals who are increasingly turning to Apple products for both personal and professional use. Delhi-NCR and Mumbai, being major urban centers with large populations, will further boost Apple's brand visibility and reach in the country. This retail expansion is part of Apple’s broader strategy to capture a larger share of the Indian market, which has seen a signific...

  The Indian Space Research Organisation (ISRO) has officially announced its target date for the launch of the Venus Orbiter Mission, slated for March 2028. This mission aims to enhance our understanding of Venus, the second planet from the Sun, which is often referred to as Earth’s “sister planet” due to its similar size and proximity. The Venus Orbiter Mission will investigate the planet’s atmosphere, surface composition, and geological history, offering crucial insights into its unique climate and potential for habitability. Equipped with advanced scientific instruments, the spacecraft will analyze the thick, toxic atmosphere of Venus, composed mainly of carbon dioxide, with clouds of sulfuric acid, which presents a stark contrast to Earth’s environment. ISRO’s decision to target March 2028 aligns with the optimal launch window for reaching Venus, which occurs approximately every 19 months. This mission is part of ISRO’s broader ambitions in planetary exploration, following the ...

  UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, has announced a $100 million urgent relief package for Lebanon, aiming to support the country as it faces ongoing economic and humanitarian challenges. The aid reflects the UAE's commitment to assisting Lebanon during its time of need, reinforcing the nation's long-standing dedication to humanitarian support across the region. This latest relief initiative is part of the UAE’s continuous efforts to alleviate Lebanon's growing crises. The funds will be allocated to provide essential services, including food and medical supplies, helping to stabilize the country's infrastructure and improve living conditions for its people. The UAE has consistently demonstrated its solidarity with Lebanon, standing by its people during times of adversity.

  Tata Power has announced a significant investment of $14.3 billion (approximately ₹1.2 lakh crore) in Rajasthan, marking a pivotal move in its expansion strategy over the next ten years. This ambitious investment plan aims to enhance the company’s renewable energy portfolio and support the Indian government’s vision of achieving a sustainable energy future. The investment will primarily focus on the development of renewable energy projects, including solar and wind power generation, which aligns with Tata Power’s commitment to sustainability and reducing carbon emissions. Rajasthan, known for its abundant sunlight and favorable wind conditions, offers a prime location for harnessing renewable energy resources. Additionally, this investment is expected to create thousands of job opportunities in the region, boosting local economies and promoting skill development in the renewable energy sector. Tata Power’s initiative also underscores its role in contributing to India’s energy tra...