Parameswaran Iyer named temporary nominee to IMF board ahead of meet to decide on $1.3bn Pakistan aid
Sunday, 4 May 2025 Parameswaran Iyer has been appointed as India's temporary nominee to the International Monetary Fund board, preceding a crucial meeting regarding a $1.3 billion support package for Pakistan. India opposes this funding due to concerns about Pakistan's alleged support for terrorism, particularly after the Pahalgam attack. This appointment follows the dismissal of Krishnamurthy Subramanian.
In Rajya Sabha, the opposition demanded accountability from Home Minister Amit Shah for security failures leading to the Pahalgam massacre. They questioned PM.. IndiaTimes
At the UN's 80th anniversary, India strongly criticized Pakistan for promoting cross-border terrorism, citing the Pahalgam attack and Operation Sindoor. India's.. IndiaTimes
Trump Vs BRICS: In a move set to rattle global markets, former President Donald Trump has issued a severe warning to the BRICS nations and their allies. He threatens to impose a blanket 10% tariff on any country adopting what he terms "anti-American" policies backed by the bloc. This declaration comes after the 2025 BRICS Summit in Brazil, where the member nations, now numbering ten, issued a joint condemnation of recent US-Israel strikes on Iranian nuclear facilities, calling them "illegal."
The BRICS bloc, now representing 45% of the global population and 35% of the world's GDP, has become a significant geopolitical force. In their summit, they also criticized the West's "double standards" on global terror, specifically citing the Pahalgam attack in Kashmir as an example. This direct reference brings the conflict to India's doorstep. Trump claims the tariff letters for 12 countries are already "signed and ready," though sources suggest this could be a strategic bluff to test the bloc's unity.
This escalating tension is rooted in BRICS's core mission: to reduce dependence on the U.S. dollar. With their internal trade hitting $1 trillion in 2025 through local currency systems, the bloc, heavily influenced by China and Russia, is seen as a direct challenge to America's sanctions power and its dominance via institutions like the IMF and G7. For Trump, the bloc's growing anti-West stance and expanding economic influence represents a primary threat to American global leadership, setting the stage for a potential economic war.
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IMF chief: European lifestyle is at risk if productivity isn’t boosted
Progress on the single market needs to be a priority for the European Union, Kristalina Georgieva told Euronews.
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Credit: euronews (in English) Duration: 02:18Published
Middle East conflict adding to uncertainty amid trade tensions, IMF chief says
Former European Commission Vice-President and current IMF chief Kristalina Georgieva spoke to Euronews about the state of the global economy amid escalating trade tensions and the outbreak of a new conflict involving Iran.
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Will the new US tariff on India and increasing bonhomie with India's main adversary, Pakistan, with an oil deal, change the political dynamics of South Asia? By.. DNA
Rahul Gandhi further questioned PM Modi over several of Trump's statements, such as his claims of mediating a "ceasefire" between India and Pakistan, loss of.. DNA
The Congress party has strongly criticized Prime Minister Modi, alleging compromised national interests after President Trump imposed tariffs and penalties on.. IndiaTimes
In a dramatic and controversial trade move, U.S. President Donald Trump has announced a major oil partnership with Pakistan just hours before slapping India with a harsh 25% tariff and an additional penalty. While praising Pakistan’s “massive oil reserves,” Trump hinted that the oil might one day be sold to India—ironically, after penalising New Delhi for its trade practices and energy ties with Russia. Trump accused India of having “obnoxious trade barriers” and being the “largest buyer of Russian energy,” saying these actions were “not good” while Russia continues its war in Ukraine. The stark contrast between Trump rewarding Pakistan and punishing India—one of the U.S.'s strategic partners—has raised eyebrows globally. Critics say Trump is punishing allies and appeasing others for transactional gain, even at the cost of long-term diplomatic trust.
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During the Operation Sindoor debate, Amit Shah addressed the Pahalgam attack, criticizing the opposition's alleged inaction against terrorism due to vote bank.. IndiaTimes
The Rajya Sabha saw disruptions during Amit Shah's response on Operation Sindoor. Opposition members demanded Prime Minister Narendra Modi's presence. They.. IndiaTimes
Communist Party of India (Marxist) MP John Brittas on Wednesday criticised Prime Minister Narendra Modi in the Rajya Sabha for not speaking about US President.. IndiaTimes
'Operation Sindoor' was launched by the Indian armed forces in response to the April 22 Pahalgam terror attack, which had claimed 26 lives. Under one of the.. DNA
External Affairs Minister S Jaishankar addressed the Rajya Sabha on Operation Sindoor, following the Pahalgam terror attack. He affirmed the government's firm.. IndiaTimes
As U.S. trade tensions mount, China is strengthening its grip on Latin America. At the China-CELAC Forum in Beijing, leaders from across the region gathered, with many deepening their commitment to..
Pakistan violated the truce within hours of the DGMO-level understanding, triggering fresh tensions across the border. Massive explosions were reported in Srinagar late Saturday night, plunging parts..
India’s stance on Pak’s misadventures remains unchanged despite the truce as India warns that any future escalation by Pakistan will be met with a decisive response. India’s military remains..