India's government is investigating rising steel imports, particularly in two categories of flat-rolled steel products (HS 7208 and 7210), which account for over 75% of the surge in imports. Instead of implementing global safeguards, experts suggest that India should focus on Free Trade Agreement (FTA)-specific safeguards and measures targeting China. Many imports come duty-free under FTAs with coun

2024 has been officially declared the hottest year in China’s history, with the national average temperature reaching 10.92°C (51.66°F), according to the China Meteorological Administration. This marks the fourth consecutive year of record-breaking heat in the country. The year witnessed the hottest month, July, along with the warmest August and autumn season on record. Global temperature records were also shattered, with the United Nations confirming that 2024 was set to be the

In his New Year's Eve address, Chinese President Xi Jinping reiterated his stance on Taiwan, declaring that "no one can stop the reunification" of Taiwan with mainland China. This declaration comes amidst heightened tensions, as Beijing has intensified military pressure on the island through numerous air force and naval drills in recent years. Taiwan, a democratic nation, stands in contrast to China’s communist government, with Beijing viewing Taiwan as an integral part of

The US Treasury Department confirmed that a China state-sponsored actor was responsible for a recent cyber breach, compromising its workstations and some unclassified documents. The incident occurred earlier this month when the actor gained access through a third-party cybersecurity provider, BeyondTrust. Once the breach was detected, Treasury swiftly contacted the US Cybersecurity and Infrastructure Security Agency and began working with law enforcement to investigate the incident and assess

The year 2024 was dramatic for the US, with President Joe Biden abandoning his reelection bid after a poor performance in a debate against Donald Trump. Trump, who had been absent from the White House for four years, made a triumphant return after defeating Kamala Harris in the presidential race. His comeback marks the first time since Grover Cleveland that a president has been evicted from the White House and returned four years later. While the Biden administration exits, the Indi

Tesla CEO Elon Musk recently responded to a discussion about foreign-born tech workers in the U.S., defending their contribution to the industry. The conversation began when Amjad Masad, CEO of Replit, questioned whether foreign workers were truly displacing qualified Americans in the tech sector. Masad pointed out the large number of unfilled tech jobs, expressing skepticism about claims that foreign workers were taking opportunities from native-born Americans. Musk, who is origina

India has started a probe into the alleged dumping of liquefied natural gas (LNG) fuel tanks from China, following a complaint by domestic company Inox India Ltd. The company has requested the imposition of anti-dumping duties, claiming that the influx of cheap imports is negatively affecting the profit margins of the domestic industry. These LNG fuel tanks are used for transporting methane gas in vehicles like trucks. The Directorate General of Trade Remedies (DGTR), which handles

China has officially approved the construction of what is set to be the world's largest hydropower dam, located on the Yarlung Zangbo River in Tibet. This ambitious project, which will span the lower reaches of the river, is expected to generate 300 billion kilowatt-hours of electricity annually, far surpassing the Three Gorges Dam's output of 88.2 billion kWh. The new dam is also seen as a significant step toward China’s goals of carbon peaking and carbon neutrality, alongside

As India prepares for the Union Budget of 2025-26, the finance ministry has highlighted the need for flexibility in fiscal policy, given the ongoing global economic and geopolitical challenges. While the fiscal deficit for FY26 is expected to be below 4.5% of GDP, there are concerns over the ability to accurately project receipts and expenditures in the current uncertain environment. The global situation has worsened, with escalating conflicts, further complicating fiscal planning.

In a significant change to school education, the Centre has scrapped the 'no-detention policy' for classes 5 and 8 in schools under its control. This means that students who fail the year-end exams will no longer automatically be promoted. Instead, they will have the chance to retake the exam after additional coaching within two months of the results. If they still fail, they will be held back in the same grade. This move follows amendments to the Right to Education Act (RTE

On Sunday, US President-elect Donald Trump announced the appointment of Sriram Krishnan, an Indian American entrepreneur, venture capitalist, and author, as the Senior White House Policy Advisor on Artificial Intelligence (AI). Krishnan, who has held leadership roles at major tech companies such as Microsoft, Twitter, Yahoo!, Facebook, and Snap, will work alongside David O. Sacks, who will serve as the White House AI & Crypto Czar. Krishnan's role will involve ensuring that

Pakistan, a country grappling with terrorism, political instability, and economic challenges, has once again found itself in a precarious diplomatic situation with its long-time ally, China. The latest controversy centers around Pakistan's attempt to negotiate over the use of Gwadar port in Balochistan, which is part of the ambitious China-Pakistan Economic Corridor (CPEC). During a high-level meeting, Pakistan reportedly demanded that China provide a second-strike nuclear capability in e

A Chinese court has ruled that Li, a man involved in a complicated breakup, is not required to return a 300,000 Yuan (₹3.2 crore) gift given to him by his ex-girlfriend, Xu. The unusual legal case, which has gained significant attention, centers on the couple's tumultuous relationship. Li and Xu had been in a stable relationship since 2018 until 2020, when Li discovered that Xu had an affair with his nephew. The revelation led to a breakup, but Xu later transferred a large sum of money

India and China have reached a significant agreement on six points to resolve their long-standing border issues. This agreement was made during a meeting between National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi, marking the first Special Representative-level discussions since the 2020 border clashes. Key points of the agreement include maintaining peace at the border, cross-border tourism in Tibet, resuming Kailash Mansarovar Yatra, and boosting Nathu La border trade.

India and China’s Special Representatives for the border mechanism, National Security Advisor Ajit Doval and Foreign Minister Wang Yi, met in Beijing on Wednesday to discuss a wide range of issues, including peace management along the Line of Actual Control (LAC) and the restoration of bilateral ties. These ties had been severely impacted by the military standoff in eastern Ladakh, which began in May 2020, following a deadly clash in Galwan Valley. The meeting, marking the 23r

The Biden administration has introduced important modifications to the H-1B visa program, aimed at facilitating the hiring of highly-skilled foreign workers, particularly in the tech sector. These changes are expected to benefit thousands of Indian professionals seeking to work in the United States. The rule, announced by the Department of Homeland Security (DHS), expands the definition of specialty occupations and introduces provisions for nonprofits and governmental research organizations t

China has expanded its visa-free transit policy, allowing travelers from 54 eligible countries, including the United States, Canada, and several European and Asian nations, to stay in the country for up to 10 days (240 hours) without a visa. This move is part of China's effort to boost international tourism and revive its economy post-pandemic. Eligibility: Passport holders from 54 countries, including the U.S., Canada, Germany, France

China, the world's second-largest economy, is working to recover from the effects of its three years of pandemic isolation. In a bid to attract more international visitors and boost its economy, China recently announced an expansion of its visa-free transit policy. The new policy, which is effective immediately, allows travelers from 54 countries, including the US, Canada, and several European and Asian nations, to stay in parts of China for up to 10 days. Previously, the visa-f

The Telangana Assembly was adjourned on Monday after BRS MLAs raised slogans and disrupted the debate on the Telangana State Tourism Policy. The debate, which resumed after a tea break, was halted when opposition members continued to protest against the Congress government. In response to the disruption, Legislative Affairs Minister D. Sridhar Babu criticized the BRS legislators for not adhering to the rules and traditions of the House. Speaker G. Prasad Kumar intervened, directing

The Indian rupee opened at 84.83 against the US dollar on Monday, a depreciation of 4 paise compared to the previous close of 84.79. The decline in the rupee is largely attributed to the uncertainty following the announcement of a leadership transition at the Reserve Bank of India (RBI). Shaktikanta Das will be succeeded by Sanjay Malhotra, sparking initial concerns in the market. However, markets quickly adjusted to the news, with experts noting that the RBI is closely monitoring banking sys