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Hindustan Times
23 minutes ago
- Hindustan Times
India to open 2 new consulates in Russia, MEA tells Parliamentary panel
India is set to operationalise two new consulates at Kazan and Yekaterinburg in Russia in the ongoing 2025-26 financial year, the parliamentary standing committee on external affairs said in a report on Thursday. India to open 2 new consulates in Russia, MEA tells Parliamentary panel The move is part of a broader push to expand India's diplomatic footprint in Europe and the Latin America-Caribbean region. The ministry of external affairs (MEA) has informed the parliamentary panel that five new missions have received approval in these regions. 'Approval has been received for operationalising five new Missions in Europe and, Latin America and Caribbean region. Additionally, new Consulates are also being opened by the Ministry in view of India's increasing diplomatic engagement. New Consulates have been operationalised in Belfast (UK), Manchester (UK) and Fukuoka (Japan). The Consulates in Los Angeles (US), Boston (US), Kazan (Russia) and Yekaterinburg (Russia) are expected to be operationalised in FY 2025-26,' the MEA told the committee. The announcement on consulates at Kazan and Yekaterinburg was first made by Prime Minister Narendra Modi during an interaction with Indian diaspora in Moscow in July 2024. 'I want to share some good news with you all. We have decided to open new consulates in Kazan and Yekaterinburg. This will enhance travel and business trade,' PM Modi had said. India currently maintains consulates in St Petersburg and Vladivostok, besides its embassy in Moscow. The standing committee headed by Congress MP Shashi Tharoor tabled its report on broader review of India's external engagements in Parliament on Thursday. The panel also took stock of the slow progress in the establishment of the South Asian University (SAU) — a flagship SAARC initiative headquartered in Delhi. Despite India contributing 57.49% to the university's operational budget and bearing the bulk of capital costs, the construction of the permanent campus remains delayed. The MEA has cited NGT bans, forest clearance issues, land encumbrances, and pandemic-related disruptions, among others, as reasons for delay. The committee also expressed concern that other SAARC member states have failed to fulfill their financial commitments. As of June 2024, outstanding dues from member countries amounted to $15.80 million. The MEA confirmed that only Nepal had cleared its dues in February 2025, while Pakistan and Bangladesh had not made any payments.


Time of India
23 minutes ago
- Time of India
OpenAI to bring more products to India, make them affordable: Sam Altman
Academy Empower your mind, elevate your skills India is OpenAI 's second largest market after the US, and may become the largest as it's "incredibly fast growing," Sam Altman , cofounder and chief executive officer of OpenAI."We are especially focused on bringing products to India, working with local partners to make AI work great for India, (making) it more affordable for people across the country. We've been paying a lot of attention here, given the rate of growth," Altman said, answering a question from ET in a media briefing on Thursday. The briefing was held on the sidelines of the launch of GPT-5, OpenAI's latest and most awaited model launch of this the question of software engineers losing jobs due to advanced coding capabilities of GenAI models, he said there is "no evidence" of several companies are laying off employees in large numbers due to productivity gains being realised through GenAI. In India, too, large IT companies including Tata Consultancy Services (TCS) have announced plans to lay off at least 2% of their workforce. Several IT firms have said that close to 30% of their code is now being written through though, said "the world wants way more software.""We have badly underestimated the amount of additional software that the world has demand for," he said. "We're going to find out that there's unlimited demand for software, and that it'll be a huge unlock for economic growth and opportunity in the world and for related jobs with that."He said OpenAI has "tools that let software engineers be way more productive, and the cost of creating software (will) come down.""AI will use coding as the way to create new interfaces, as a way to sort of share richer experiences, (and) as a way for people to collaborate with each other," he added. Commenting about governments such as those in Australia trying to regulate AI, Altman said different countries are going to try different approaches to AI regulation and that OpenAI will respect laws of different countries."But all world leaders want to make sure that AI thrives in their country, and that the economic growth, the societal benefits of that also come," he added. Altman said he will visit India again in AI claimed GPT-5 has higher thinking and reasoning skills than other GenAI models, and that it is significantly less likely to hallucinate. The company said the model is more "reliable" and will be free of Turley, head of ChatGPT , said GPT-5 significantly improves multilingual understanding across over 12 Indian languages. "That's really exciting, because, as Sam (Altman) mentioned, India is a priority market for us," he said at the same press briefing. Earlier this week, OpenAI launched two new open-source AI models, marking its first release of this kind since GPT-2 over five years ago."I don't think GPT-5 is AGI (artificial general intelligence) yet, but we are clearly making progress towards incredibly capable systems," Altman said. "This idea that you have a system that can answer almost any question, do some tasks, write software for you, whatever, at PhD levels of expertise, and that this is available freely to anyone in the world (is special)."Altman said a lot more infrastructure needs to be built globally to have AI locally available in all markets.


NDTV
23 minutes ago
- NDTV
No Trade Talks With India Until Tariff Dispute Resolved: Donald Trump
Washington: US President Donald Trump has said there will be no trade negotiations with India until a dispute over tariffs is resolved, following his administration's decision to double tariffs on Indian imports. When pressed by ANI at the Oval Office, whether he expected talks to resume in light of the new 50% tariff. "No, not until we get it resolved," he replied. #WATCH | Responding to ANI's question, 'Just to follow up India's tariff, do you expect increased trade negotiations since you have announced the 50% tariffs?', US President Donald Trump says, "No, not until we get it resolved." (Source: US Network Pool via Reuters) — ANI (@ANI) August 7, 2025 The White House on Wednesday issued an Executive Order imposing an additional 25 percentage points in tariffs on Indian goods, raising the total levy to 50%. The administration cited national security and foreign policy concerns, pointing specifically to India's ongoing imports of Russian oil. The order claims that these imports, whether direct or via intermediaries, present an "unusual and extraordinary threat" to the United States and justify emergency economic measures. According to US officials, the initial 25% tariff came into effect on 7 August. The additional levy will take effect in 21 days and apply to all Indian goods entering US ports -- with exceptions for items already in transit and certain exempt categories. The order also provides flexibility for the president to modify the measures, depending on changing geopolitical circumstances or retaliatory actions by India or other nations. India's Prime Minister Narendra Modi responded defiantly during a speech at the MS Swaminathan Centenary International Conference in New Delhi, signalling that New Delhi would not back down in the face of economic pressure. "For us, the interest of our farmers is our top priority," PM Modi said. "India will never compromise on the interests of farmers, fishermen and dairy farmers. I know we will have to pay a heavy price for it, and I am ready for it. India is ready for it." India has consistently pushed back against opening sensitive sectors such as agriculture and dairy to international competition, citing the potential impact on millions of rural livelihoods. The standoff marks a sharp escalation in trade tensions between the two countries, as both sides dig in over economic policy and matters of national interest.