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SRM-AP University secures top rank in IIRF 2025

SRM-AP University secures top rank in IIRF 2025

VIJAYAWADA: SRM University-AP has secured the top rank in the 'New-Age Emerging University' category under the Private Universities segment in the Indian Institutional Ranking Framework (IIRF) 2025.
The IIRF rankings assess institutions nationwide based on multiple parameters, including Teaching-Learning Resources and Pedagogy, Research, Industry Integration, Placement Strategies, Future Orientation, External Perception, and International Outlook. SRM University-AP excelled across all these benchmarks, reinforcing its position as a forward-thinking institution focused on academic and research excellence.
Dr P Sathyanarayana, Pro-Chancellor of SRM-AP, said, 'Our journey has always been about pushing the limits—be it in pedagogy, research, or empowering students. This top ranking validates our vision of creating a future-ready, student-centric ecosystem.'
V-C Prof Manoj K Arora expressed pride in the recognition, attributing the success to the varsity's faculty, staff, and students. 'We are not just building a university; we are nurturing future leaders prepared to thrive globally,' he said. SRM University-AP's multidisciplinary approach and
industry collaborations continue to set it apart as a leading new-age institution.

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Iran threatens to close the Strait of Hormuz: Why the world is panicking
Iran threatens to close the Strait of Hormuz: Why the world is panicking

First Post

time6 hours ago

  • First Post

Iran threatens to close the Strait of Hormuz: Why the world is panicking

As military hostilities keep worsening between Iran and Israel, Tehran is threatening to close the Strait of Hormuz. The strategic waterway is the 'world's most important oil transit chokepoint' — roughly 20 million barrels per day of oil and oil products shipments pass through it daily read more Fishermen cross the sea waters off Fujairah, United Arab Emirates, near the Strait of Hormuz. As tensions surge following Israeli strikes on Iran, fears have resurfaced that the Tehran could retaliate by targeting one of the world's most vital oil arteries — the Strait of Hormuz. File image/AP As military confrontations between Israel and Iran continue unabated, the world looks on with worry as Tehran raised the threat of choking the Strait of Hormuz. In fact, Esmail Kosari, a member of Iran parliament's security commission, was quoted as telling local media that Tehran was seriously reviewing the closure of the Strait of Hormuz. This isn't the first time that Iran has threatened to close the Strait of Hormuz for traffic in retaliation, which, in turn, could restrict trade and impact global oil prices. STORY CONTINUES BELOW THIS AD As worries rise of a full-blown war and the closure of the Strait of Hormuz, we take a closer look at what exactly is it and can Iran order its closure. What is the Strait of Hormuz? The Strait of Hormuz is a narrow yet critical waterway situated between Iran and Oman. It connects the Persian Gulf, north of it, with the Gulf of Oman to the south, and extends onward to the Arabian Sea. The Strait of Hormuz is almost 161 kilometres long and 33 km wide at its narrowest point, with the shipping lane just three km wide in either direction. The strait is deep enough for the world's biggest crude oil tankers, and is used by the major oil and gas producers in West Asia — and their customers. At any given time, there are several dozen tankers on their way to the Strait of Hormuz, or leaving it. As per UN law, countries can exercise control up to 12 nautical miles (13.8 miles) from their coastline, which means that at its narrowest point, the strait and its shipping lanes lie entirely within Iran and Oman's territorial waters. A tourist looks to the waters, at Al Jazeera Shamm, near the Strait of Hormuz, in Musandam province, Oman. The Strait of Hormuz connects the Persian Gulf to the Arabian Sea. File image/Reuters Why is the Strait of Hormuz important? The small and simple answer to this question is oil. The Strait of Hormuz sees roughly 20 million barrels per day of oil, and oil products shipments. In fact, the US Energy Information Administration (EIA) stated that the oil flow through the Strait of Hormuz averaged 21 million barrels per day in 2022, roughly 21 per cent of the global crude trade. Furthermore, Opec members Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq export most of their crude via the strait, mainly to Asia. Additionally, one-third of the world's liquified natural gas LNG passes through the route. It is because of this that the strait is significant with many even calling it the oil artery of the world. Experts noting that any disruption, even minor, could significantly drive up global energy prices, inflate shipping costs, and cause substantial supply delays. In fact, energy experts speaking to Reuters have said that any blockade or significant disruption could push oil prices 'far above $100 a barrel'. STORY CONTINUES BELOW THIS AD Oil tankers pass through the Strait of Hormuz. The Strait of Hormuz sees roughly 20 million barrels per day of oil, and oil products shipments. File image/Reuters Can Iran shut down the Strait of Hormuz? While Iran by law controls the Strait of Hormuz at its narrowest, international convention states Iran is not allowed to act at the expense of the right of passage for foreign ships. But that doesn't mean that Iran hasn't used the Strait of Hormuz as a leverage in disputes with other nations or to register its dissatisfaction with sanctions against it. As Anas Alhajji, managing partner at Energy Outlook Advisors, told CNBC, 'Let's be real about the Strait of Hormuz. First of all, most of it is in Oman, not in Iran. Number two, it's wide enough that the Iranians cannot close it.' But that hasn't stopped Iran from causing disruptions by harassing ships in the Strait of Hormuz. For instance, in May 2022, Iran seized two Greek tankers and held them for six months as a response to confiscation by Greek and US authorities of an Iranian vessel. Last April, hours before launching a drone and missile attack on Israel, Iran's Islamic Revolutionary Guard Corps seized an Israel-linked container ship near the Strait of Hormuz. At the time, Tehran claimed that the ship had violated maritime rules, but experts said that Israel's links to the ship were the reason for its capture. So, will Iran block the Strait of Hormuz this time? It seems that Iran is resorting to old tactics of threatening to close the Strait of Hormuz rather than actually doing so. There are a number of reasons why analysts believe that they Tehran won't actually go ahead with such a move. Why? Firstly, Israel is the one country in the region that would face no direct consequences from a blockade of the Strait of Hormuz. According to Arab News, all of the Jewish nation's estimated consumption of 220,000 barrels of crude a day comes via the Mediterranean, from countries including Azerbaijan (exported via the Baku–Tbilisi–Ceyhan pipeline, which runs through Turkey to the eastern Mediterranean), the US, Brazil, Gabon and Nigeria. STORY CONTINUES BELOW THIS AD This means that Israel would not be affected by the move with many analysts even pointing to the fact that it would harm Iran's own economy given that it relies on the waterway for its oil exports. Secondly, the closure of the Strait of Hormuz would result in Iran inviting China's ire. Beijing is Iran's largest trading partner and Iran's largest oil customer. As Ellen Wald, President of Transversal Consulting, told CNBC, 'China does not want the flow of oil out of the Persian Gulf to be disrupted in any way, and China does not want the price of oil to rise. So they're going to bring the full weight of their economic power to bear on Iran.' Now with the escalating conflict, some do note that there's a faint possibility that Iran may resort to undertaking this extreme move. Amena Bakr, head of Middle East and Opec+ insights at Kpler, was quoted as saying, '[Closing the strait] is kind of an extreme scenario, although we are in an extreme situation. So that's why I'm not putting that option completely off the table. We need to consider it.' STORY CONTINUES BELOW THIS AD With inputs from agencies

Union minister Piyush Goyal seeks blessings at Tirumala, prays for nation's well-being
Union minister Piyush Goyal seeks blessings at Tirumala, prays for nation's well-being

Time of India

time7 hours ago

  • Time of India

Union minister Piyush Goyal seeks blessings at Tirumala, prays for nation's well-being

TIRUPATI: Union minister for Commerce and Industries, Piyush Goyal, offered prayers to Lord Venkateswara at the Tirumala temple on Monday. Piyush Goyal was accompanied by his family members, AP industries minister TG Bharath, and revenue minister Anagani Satya Prasad during his visit to the Tirumala temple. Tirumala Tirupati Devasthanams priests and officials, led by chairman BR Naidu and additional executive officer Ch Venkaiah Chowdary, accorded a traditional welcome to the Union minister's entourage and led them to the sanctum sanctorum, where they worshipped the presiding deity for a brief while. After Darshan , Piyush Goyal and his family members were accorded Vedasirvachanam by a group of Vedic scholars at the Ranganayakula Mandapam. The TTD Chairman and Additional EO presented Teertha Prasadams and a photo memento of Lord Balaji to the Union minister. Speaking to reporters on the sidelines of his pilgrimage to Tirumala, Piyush Goyal expressed joy over the blissful Darshan of Lord Balaji and asserted that he prayed for the well-being of all Indians.

The Group of Seven (G7): What it is and what it does
The Group of Seven (G7): What it is and what it does

Time of India

time8 hours ago

  • Time of India

The Group of Seven (G7): What it is and what it does

PM Modi (File PTI), G7 host resort area of Kananaskis (AP) Prime Minister Narendra Modi is scheduled to arrive in Calgary, Canada, later today to attend the G7 summit, commencing the second leg of his three nation tour after Cyprus. The visit comes following an official invitation from Canadian PM Mark Carney. This marks PM Modi's first trip to Canada since diplomatic relations between New Delhi and Ottawa nosedived over the killing of Khalistani terrorist Hardeep Singh Nijjar. The Prime Minister will engage in discussions with G7 leaders, invited outreach nations, and heads of international organisations on key global challenges, with a focus on energy security, technological innovation, and emerging issues at the intersection of AI and energy, as well as quantum technologies. 'From Cyprus, I will travel to Kananaskis, Canada to attend the G 7 Summit at the invitation of Prime Minister H.E. Mark Carney. The Summit will provide space for the exchange of views on pressing global issues and the priorities of the Global South. I also look forward to engaging with leaders from partner countries,' PM Modi said in a departure statement before departing for Cyprus on June 15. What is G7? The G7 (Group of Seven) is an informal intergovernmental forum of the world's most advanced economies, including Canada, France, Germany, Italy, Japan, the UK, and the US, with the European Union also participating, along with representatives from bodies like the IMF, World Bank, and UN. Formed in the aftermath of the 1973 oil crisis, the G7 began as a forum for leaders to coordinate economic policy and has since evolved into a key platform for addressing major global issues ranging from climate change and security to health crises and geopolitical conflicts. While not a formal international institution, the G7 holds annual summits where member countries discuss and align on pressing global challenges. Though its decisions are not legally binding, the G7 carries significant political weight, shaping global discourse and often setting the agenda for broader international cooperation through forums like the G20. Who gets the invite? While the G7 remains an exclusive club of seven core members, each summit typically features a select group of guest nations and international organisations. These invitees are chosen by the host country based on current global priorities, strategic partnerships, and regional representation. Invited nations often include emerging economies, regional players, or countries relevant to the summit's agenda. India has been a regular invitee in recent years, reflecting its growing global clout and importance as a voice of the global south. For the 2024 summit hosted by Italy, invitees included India, Brazil, Argentina, Türkiye, and several African nations underscoring a focus on inclusive development, climate action, and geopolitical cooperation. Where is the 2025 Summit happening? The 2025 G7 Summit is currently underway, having begun on June 15 and scheduled to conclude on June 17, in Kananaskis, Alberta, a scenic mountain resort area located southwest of Calgary. Canada, which holds the G7 presidency this year, has chosen the location for its combination of natural beauty and logistical control. This marks the second time Kananaskis is hosting a G7/G8 summit, the first being in 2002 under then Prime Minister Jean Chrétien. The choice reflects Canada's emphasis on security, privacy, and an environment conducive to high-level deliberations. Lead-up meetings to the main summit have already been scheduled, with the foreign ministers' meeting held in Charlevoix, Quebec, from March 12 to 14, and the finance ministers and central bank governors' meeting in Banff, Alberta, from May 20 to 22. With a focus on economic recovery, global security, climate action, and digital governance, the summit is expected to draw global attention not just for its agenda, but also for the geopolitical dynamics among member states and key invitees such as India and Brazil. What's on agenda? This year's summit will focus on three broad themes: global security, economic resilience, and tech cooperation. Summit's agenda is overshadowed by an escalating conflict between Israel and Iran and US President Donald Trump's unresolved trade war. Economic discussions will cover clean energy, critical mineral supply chains, and trade tensions, while talks on AI, cybersecurity, and digital governance will shape the tech roadmap. Climate action, gender equality, and development partnerships with the Global South will also feature prominently. In a shift from tradition, as summit host, Canadian Prime Minister Mark Carney has decided the summit will not end with a joint communique, with Canada opting for a Chair's Summary to reflect diverse views.

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