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News In Brief

Thursday, April 12, 2018

India, Russia enjoy excellent ties due to legacy of Indira Gandhi: Sonia
UPA Chairperson Sonia Gandhi has said that India and Russia enjoy excellent relations due to the legacy of former prime minister Indira Gandhi and praised Russian President Vladimir Putin and successive Indian prime ministers for consolidating that legacy. She was speaking at the inauguration of a photo exhibition  to celebrate the Centenary Anniversary of India's first woman prime minister Indira Gandhi. Gandhi said the exhibition on her mother-in-law Indira Gandhi tells the story of a courageous, compelling and charismatic leader who left an indelible imprint not only on her own country, not only on the India-USSR relationship but on the world stage as well.

Markets 'overreacting' to trade war rhetoric: UN official
Market gyrations in response to tariff threats from political leaders show that financial traders do not grasp the intricacies of global trade, a senior UN official said today. Arancha Gonzalez, who heads the International Trade Center (ITC), told reporters that traders have proven too sensitive in the face of "big headline announcements" and "shooting from the hip" bluster about possible protectionist moves in major economies.

Swedish king: Nobel trouble can be 'seriously damaging'
The resignation of three members from the Swedish Academy awarding the Nobel Literature Prize is "deeply unfortunate and risk seriously damaging" the body's "important activities," Sweden's king said today. The prestigious Nobel institution has been troubled by the resignation of Klas Ostergren, Kjell Espmark and Peter Englund Friday, who quit after the secretive 18-member academy voted against removing a female colleague whose husband is embroiled in sexual misconduct allegations. In his second statement this week, Carl XVI Gustav, said that "it is crucial that all involved now realise their responsibility for the institution and contribute to resolving conflicts."

City of London strikes new fintech partnership with India
The City of London today announced that it has become a formal programme partner for the Access India Programme (AIP) with financial technology at the heart of the tie-up. Access India Programme was launched by the High Commission of India in London last year with the aim of facilitating investments by UK small and medium enterprises (SMEs) into India.

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