Moody's upgrades Pakistan's credit rating to Caa1 with stable outlook
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Time of India
3 hours ago
- Time of India
PM Modi slams Pakistan in Independence Day speech, lauds Atmanirbharta in war capabilities, energy & critical minerals
Prime Minister Modi slammed Pakistan and lauded India's Atmanirbharta in war capabilities, energy and critical minerals, while delivering his address to the nation on the occasion of the nation's 79th Independence Day . Independence Day 2025 Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji gave India its own currency Swadeshi 2.0: India is no longer just a market, it's a maker In a stern warning to Pakistan from the ramparts of the Red Fort, PM Modi on Friday said India will not differentiate between terrorists and those supporting them and that Indian armed forces will decide on punishment in case of any future misadventure from the neighbouring nation. Hailing the armed forces on 'Operation Sindoor', Modi said it dealt a severe blow to Pakistan as new details of damages suffered by the country are emerging every day. The prime minister once again made it clear that India will not tolerate Pakistan's nuclear blackmail. "What the Indian armed forces have done during Operation Sindoor was not seen in many many years. We have set a new normal in dealing with cross-border terrorism, he said. I salute our brave soldiers who punished those behind the Pahalgam attack beyond their imagination," Modi said in his 79th Independence Day address. Live Events India's push for self-reliance is not just related to trade or foreign currencies, PM Modi said as New Delhi struggles with U.S. President Donald Trump's high tariffs imposed on its goods. This is PM Modi's 12th consecutive Independence Day speech and his second address since being re-elected for a third consecutive term. The Prime Minister's speech on Independence Day 2025 is more than a ceremonial address — it sets the tone for the government's vision, policies, and priorities for the year ahead. Operation Sindoor received special recognition during this year's event. Its logo was displayed at Gyanpath, with floral decorations inspired by the mission. The official invitation cards for the Independence Day 2025 ceremony featured both the Operation Sindoor emblem and a watermark of the Chenab Bridge, symbolising the rise of 'Naya Bharat.' The theme 'Naya Bharat' reflects India's determination to strengthen its economy, improve security, empower communities, and promote innovation. It serves as both a celebration of past achievements and a vision for the nation's future. Indian economy: A global powerhouse India is set to become the world's fourth-largest economy by the end of 2025 (FY 2025-26), according to the International Monetary Fund's (IMF). India's real GDP growth averaged 8.8% between fiscal 2022 and 2024, the highest in Asia-Pacific, and is projected to grow at 6.8% annually over the next three years. A few years ago, India overtook the United Kingdom to become the fifth largest, and is now well on its way to rise to the fourth spot in the list of the top 10 largest economies in the world by overtaking Japan. Moreover, on Thursday, S&P Global Ratings upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility, and sustained fiscal consolidation. S&P said it expects the impact of U.S. tariffs on the Indian economy to be manageable due to its limited reliance on trade and the dominance of domestic demand in its economy. India faces the prospect of a 50% tariff on exports to the U.S. after President Donald Trump doubled the levy citing New Delhi's oil purchases from Russia, which numerous other countries have imposed sanctions on after its invasion of Ukraine. Operation Sindoor On the eve of Independence Day, the central government announced gallantry awards for officers of the armed forces, including those who played key roles during Operation Sindoor and subsequent clashes with Pakistan. India had launched Operation Sindoor targeting terror infrastructure in Pakistan and Pakistan-occupied Kashmir in retaliation for the Pahalgam attack that killed 26 civilians and for which The Resistance Front (TRF), a front for Pakistan-based terrorist group Lashkar-e-Taiba (LeT), had claimed responsibility. In coordinated action, the Indian Army carried out targeted strikes, eliminating nine terrorist bases belonging to Jaish-e-Mohammed, Lashkar-e-Taiba, and Hizbul Mujahideen across Pakistan and Pakistan-occupied Kashmir. The Air Force executed precision strikes on four sites inside Pakistan, while five other locations were hit in Pakistan-occupied Kashmir. Operation Sindoor was a tri-services mission jointly conducted by the Army, Navy, and Air Force, entirely from Indian soil.
Time of India
3 hours ago
- Time of India
Pak's 78-year malaise
Pakistan marked its 78 years since independence yesterday with unsurprising triumphalism. Shehbaz Sharif linked the occasion to the four-day conflict with India this summer to 'praise the Pak military'. This, despite the fact that Operation Sindoor launched by India in response to the horrific Pahalgam terror attack was not just successful in taking out terror bases deep inside Pakistan, but also dealt a heavy blow to that country's military installations. It's a symptom of Pakistan's psychosis that it continues to believe to be an 'equal' to India. Today, Pakistan's most popular leader sits in jail. Its economy remains in the doldrums. Its forex reserves hover around the $14.5bn mark, covering just 2.5 months of imports. Since its creation, Pakistan has approached IMF a record 25 times for bailout loans. And as of May this year, it faced a total debt burden of a whopping $267bn. Add to this the march of radicalisation, growing insurgencies in multiple Pakistani provinces, and a so-called hybrid regime that undermines democracy and makes the Pak army the real power centre in that country. There are only two things that Pakistan is good at: playing all sides and negotiating with a gun to its head. Both tactics have been on display in recent weeks with Asim Munir now currying favour with Trump, and then, in an open nuclear threat, threatening to take 'half the world down' if Pakistan is pushed to a desperate situation. Pakistan's sudden pivot to US is aimed at hedging against China, whose influence over Pakistan has grown tremendously. While the nuclear threat raises serious questions about the integrity of Islamabad's nukes. Pakistan thinks it can fool everyone all of the time. It doesn't. Facebook Twitter Linkedin Email This piece appeared as an editorial opinion in the print edition of The Times of India.
News18
15 hours ago
- News18
New York University Video Featuring Grads With Tech Jobs Trolled: 'All These Immigrants...'
A celebratory video shared by the NYU Tandon School of Engineering has sparked a wave of online hate after showcasing students, many of South Asian descent, talking about their job offers from top tech firms like Google and Amazon.
