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News18
2 hours ago
- Business
- News18
India Grapples With Chinese Puzzle: 'Top Trade Partner' Also 'Primary Adversary'
Last Updated: Due to ongoing border tensions, surveillance concerns, and geopolitical tussles, the Modi government has tightened FDI rules, banned Chinese apps, and promoted 'Atmanirbhar Bharat' The United States' 2025 Defence Intelligence Agency (DIA) threat assessment identifies China as India's 'primary adversary", relegating Pakistan to a secondary security concern. However, this also reflects a strange juxtaposition of strategic rivalry and economic interdependence. On the surface, the two Asian giants remain deeply intertwined through bilateral trade relations, and they are almost economically inseparable, despite a dwindling level of diplomatic trust. The report states that India imports more from China than from any other country, with Chinese goods feeding everything from India's infrastructure to its consumer tech sector. 'Bilateral trade between India and China in FY24 stood at US$ 118.40 billion against US$ 113.83 billion in FY23 with a growth of 4%. According to the latest data from the Global Trade Research Initiative (GTRI), In FY24, China has once again become India's top trading partner, surpassing the United States after a two-year gap. In FY24, China had a 15.06% share in India's total imports. India imported goods worth US$ 675.42 billion from the world, including goods worth US$ 101.74 billion from China," stated a recent trade report of India Brand Equity Foundation (IBEF). 'China occupies the 22nd position in FDI equity inflows into India with a cumulative FDI amount of US$ 2.50 billion from April 2000-September 2024." According to the report, India exported 4,186 commodities to China in FY24 while importing 7,521 commodities in the same period. 'India's export to China stood at US$ 16.65 billion in FY24 and US$ 15.30 billion in FY23," stated the report, while India's import from China stood at US$ 101.74 billion in FY24 and US$ 98.50 billion in FY23. A senior government official said, 'This isn't merely a matter of macroeconomics. The trade relationship is not just resilient; it's systemic." However, with simmering tensions over border issues, surveillance concerns, and competition for geopolitical influence, the Narendra Modi government has been managing this strategic issue. The government, now wary of Chinese investments in critical sectors, has tightened FDI rules, banned Chinese apps, and emphasised 'Atmanirbhar Bharat" (self-reliant India). 'We are in a position where our so-called adversary is also our supplier," said another official familiar with the current situation. 'Reducing economic dependency on China requires systemic capability-building across manufacturing, research, and our own supply chains. And that is a long road." Watch India Pakistan Breaking News on CNN-News18. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! First Published: May 29, 2025, 07:26 IST
News18
2 hours ago
- Automotive
- News18
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 29
Last Updated: Petrol, Diesel Price On May 29: Check City-Wise Rates Across India Including In Delhi, Mumbai And Kolkata Petrol and Diesel Prices on May 29, 2025: Oil marketing companies (OMCs) revise petrol and diesel prices daily at 6 AM, reflecting fluctuations in global crude oil prices and currency exchange rates. These regular updates ensure transparency and provide consumers with the most accurate and current fuel price information. Petrol Diesel Price Today In India Check city-wise petrol and diesel prices on May 29: City Petrol (₹/L) Diesel (₹/L) New Delhi 94.72 87.62 Mumbai 104.21 92.15 Kolkata 103.94 90.76 Chennai 100.75 92.34 Ahmedabad 94.49 90.17 Bengaluru 102.92 89.02 Hyderabad 107.46 95.70 Jaipur 104.72 90.21 Lucknow 94.69 87.80 Pune 104.04 90.57 Chandigarh 94.30 82.45 Indore 106.48 91.88 Patna 105.58 93.80 Surat 95.00 89.00 Nashik 95.50 89.50 Key Factors Behind Petrol and Diesel Rates Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central and several state governments. advetisement Oil Marketing Companies (OMCs) update fuel prices daily at 6 a.m., adjusting for fluctuations in global crude oil markets. While these rates are technically market-linked, they are also influenced by regulatory measures such as excise duties, base pricing frameworks, and informal price caps. Key Factors Influencing Fuel Prices in India Crude Oil Prices: Global crude oil rates are a primary driver of fuel prices, as crude is the main input in petrol and diesel production. Exchange Rate: Since India relies heavily on crude oil imports, the value of the Indian rupee against the US dollar significantly affects fuel costs. A weaker rupee typically translates to higher prices. Taxes: Central and state-level taxes constitute a major portion of retail fuel prices. Tax rates vary across states, leading to regional price differences. Refining Costs: The cost of processing crude oil into usable fuel impacts retail prices. These costs can fluctuate depending on crude quality and refinery efficiency. Demand-Supply Dynamics: Market demand also influences fuel pricing. Higher demand can push prices up as supply adjusts to consumption trends. How to Check Petrol and Diesel Prices via SMS You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by 'RSP" to 9224992249. BPCL customers can send 'RSP" to 9223112222, and HPCL customers can text 'HP Price" to 9222201122 to receive the current fuel prices. Watch India Pakistan Breaking News on CNN News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
News18
9 hours ago
- Politics
- News18
'I Have Grandchildren Too': Palestinian Envoy Breaks Down In Tears At UN Over Gaza
Last Updated: Addressing the UN Security Council, Mansour struggled to hold back his emotions and broke down mid-speech Palestinian ambassador to the United Nations, Riyad Mansour, on Wednesday broke down in tears as he addressed the UN Security Council, speaking about the worsening humanitarian crisis in Gaza. Visibly distressed, Mansour struggled to contain his emotions mid-speech, as he described the suffering of Palestinian families. 'Dozens of children are dying of starvation. The images of mothers embracing their motionless bodies, caressing their hair, talking to them, apologising to them, is unbearable. How could anyone tolerate this sorrow?" he said in a trembling voice. 'I have grandchildren. I know what they mean to their families.'Palestinian ambassador to the United Nations Riyad Mansour breaks down in tears as he addresses the UN Security Council on the situation in Gaza. 📺 Sky 501, Virgin 602 — Sky News (@SkyNews) May 28, 2025 'I have grandchildren. I know what they mean to their families. To witness the suffering of Palestinians, while the world remains unmoved, is beyond what any normal human being can endure," he added, thumping the desk in front of him, overcome with emotion. 'Flames and hunger are devouring Palestinian children. This is why we are so outraged — as Palestinians everywhere, the 14 million of us, in the occupied territories, in the diaspora, in the refugee camps…" he said. 'We love our children. We love our people. We don't want to see them going through this tragedy and these savage attacks," the Palestinian envoy stated. Israel has stepped up its military offensive in Gaza, triggered by a Hamas-led attack on 7 October 2023 — the deadliest day for Israel since its founding in 1948. That attack killed around 1,200 people and saw 251 others taken hostage into Gaza. In response, Israel launched a prolonged and devastating military campaign, which has so far killed more than 54,000 Palestinians — more than in any previous conflict between the two sides, according to Gaza's Health Ministry. The ministry reports that women and children make up the majority of those killed, though it does not distinguish between civilians and combatants in its figures. Despite growing international calls for a ceasefire, efforts by mediators have yet to yield a breakthrough. Watch India Pakistan Breaking News on CNN-News18. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! First Published: May 28, 2025, 23:58 IST
News18
9 hours ago
- Entertainment
- News18
Hera Pheri 3 Update: What Really Went Down Between Akshay Kumar, Paresh Rawal
Last Updated: Hera Pheri 3 Controversy: Source close to Akshay Kumar claims actor didn't send legal notice first to Paresh Rawal. He only acted after the latter walked out of the film. The Hera Pheri franchise has long been synonymous with undisputed comedy and cult-favourite characters. So when Paresh Rawal, who immortalised the beloved Baburao Ganpatrao Apte, announced his exit from Hera Pheri 3 earlier this month, fans were shocked. It was soon reported that Akshay Kumar's banner, Cape of Good Films, had issued a legal notice to Rawal, seeking Rs 25 crore in damages. But News18 has now exclusively learnt that the first legal move didn't come from Akshay. Contrary to reports suggesting that Akshay Kumar initiated any action, a source close to the Sky Force actor told News18, 'Akshay didn't initiate anything. Paresh acted first and Akshay only responded after Paresh abruptly exited the project," the source said. The source elaborated that Akshay Kumar had purchased the rights to Hera Pheri 3 from producer Firoz A. Nadiadwala for a reported sum of Rs 10 crore. But crucially, this decision was taken only after Rawal had assured his commitment to the film. 'He had said yes. He had also recently wrapped up Bhoot Bungalow with Akshay. Everything was moving smoothly until 15–20 days ago," the source added. In fact, efforts were made to retain Rawal, who allegedly asked for a higher fee. 'Akshay even agreed to pay him three times his regular remuneration. And that was finalised. Still, Rawal suddenly backed out," the insider said. With shooting schedules locked, crews hired, and Rs 10 crore already paid for the film's rights, the source said Rawal's abrupt exit caused major disruptions, which forced Akshay to sue Rawal for Rs 25 crore in damages. Paresh Rawal, however, maintains that his decision was made professionally and without malice. In a post dated May 17 on X (formerly Twitter), he clarified, 'I wish to put it on record that my decision to step away from Hera Pheri 3 was not due to creative differences… I hold immense love, respect, and faith in Mr. Priyadarshan, the film director." Further reports from Bollywood Hungama suggest Rawal returned the Rs 11 lakh signing fee, including 15% interest and an additional sum. A source informed the portal, 'He returned the signing amount with interest and a bit more to compensate for stepping away." The same report claimed Rawal's total remuneration for Hera Pheri 3 was set at Rs 15 crore, with an unusual clause which stated that the remaining Rs 14.89 crore was to be paid one month post the film's release. With the release date projected as late as 2026 or 2027, Rawal was reportedly unwilling to wait, especially given the uncertainty around Bollywood box office trends. First Published: May 28, 2025, 23:56 IST
News18
10 hours ago
- Sport
- News18
'Captaincy In Test Format Is Simpler': Is Ravindra Jadeja Taking A Sly Dig At Virat Kohli?
Last Updated: Ravindra Jadeja told Ashwin that he believes Test captaincy is simpler and less chaotic compared to the high-pressure T20 format. An honest opinion or a sly shot at Test captains such as Virat Kohli? Ravindra Jadeja left much to be deliberated after the veteran Indian all-rounder spoke out on the differences and the challenges that one faces being a short-format captain compared to the longer Test format. In a recent interview with his former Indian teammate R Ashwin, Jadeja opened up on his view on Test captaincy and how it is more geared towards understainding the rhtyhm of play over a prolonged perios of time, compared to the high-intensity pressure situations that T20 captains are exposed to. 'The Test format is as such, where you just have to change two or three fielders, according to the bowler. Not according to the batter," Jadeja stated in an interview with R Ashwin for his YouTube channel. Jadeja cooked the overhyped Test captain Kohli. 🤣❤️ — ???????????? ???????????????????????? (@jod_insane) May 28, 2025 'That's why I say captaining in the Test format is different. It's much simpler. It's about reading when your bowler is in good rhythm and when to play him or not play him. When to bring in your main bowler." 'It's a bit calculative. But, it's not as demanding as captaincy in the IPL or in the T20 format. Because in the shorter formats, every ball is an event. If a ball goes for a six or four, then one is forced to make changes. So, captaining in the Test format is not so chaotic," Jadeja concluded. Jadeja brought in his personal perspective into play, having played under multiple captains such as the likes of MS Dhoni, Virat Kohli and Rohit Sharma, emphasising the calmer and more forgiving nature of Test cricket captaincy, compared to the same in shorter formats. 'I've played under many captains. But I have never noticed something so starkly challenging in the Test format. There's no pressure to suddenly change your batting order, and you also have ample time and breaks to decide changes. Like the batter at play doesn't feel any pressure from the captain to play a certain shot," Jadeja expounded. 'So, the only thing I believe is that the challenge in Test cricket is in learning how and when to utilise your bowlers, according to the situation." Well, whether it is a shot at his former captains or an honest conversation is left up to interpretation. A question that India's new Test captain Shubman Gill may be intrigued to know the answer to. Watch CNN-News18 here. Stay updated with all the latest news on IPL 2025, including the schedule, Points Table, IPL Orange Cap, and IPL Purple Cap. Get latest Cricket news, live score and match results on News18. Download the News18 App to stay updated! First Published:
