Here we bring you a quick round-up of all the latest news and top headlines from all across the globe: Prime Minister Shri Narendra Modi will lead the Nation in celebrating the 77th Independence Day from the iconic Red Fort in Delhi on August 15, 2023. He will unfurl the National Flag and deliver the customary address to the nation from the ramparts of the historic monument.

India's 77th Independence day: PM Narendra Modi to unfurl Indian flag at Red Fort

<p><meta name="uuid" content="uuidZBwacFkG8iRz" /><meta charset="utf-8" />Monsoon in India slipped into the negative zone on Friday (August 11) with an overall deficit of one per cent after a sustained dry spell this month. Rainfall across India since June 1 remained within the normal range of ±4, while the monsoon in August till now has been 29 per cent below the long-period average with the southern part of the country having been particularly dry, says a report in the Times of India (TOI).&nbsp;</p>

<p>Citing experts, the report said the break in monsoon, which had started nearly a week back, was likely to continue till Wednesday (August 16). "It's a classical break in the monsoon that we are seeing for close to a week now. It may last till around August 16, when a low-pressure system may form over the Bay of Bengal followed by another a few days later," veteran meteorologist M Rajeevan told the publication.&nbsp;</p>

<p>Rajeevan said these systems were likely to bring rain to states such as Bihar, Jharkhand, West Bengal, Odisha, Chhattisgarh, Madhya Pradesh and some adjoining areas, as per the India Meteorological Department's (IMD) forecast. However, the veteran meteorologist pointed out that widespread rainfall across the country was unlikely after August 20.&nbsp;</p>

<h2><strong>IMD issues fresh rain alerts</strong></h2>

<p>Meanwhile, the IMD issued fresh rain alerts on Friday. In a statement, the IMD said, "Isolated heavy to very heavy rainfall likely to continue over Uttarakhand during next 5 days and over Bihar, Sikkim, Arunachal Pradesh and Assam &amp; Meghalaya during next 2 days and isolated heavy rainfall thereafter for subsequent 3 days."</p>

<p>"Subdued rainfall activity likely over rest parts of the country during next one week and likely revival of active Monsoon conditions thereafter," the statement added.&nbsp;</p>

<p>The weather bureau said it is likely there would be light/moderate scattered to fairly widespread rainfall with isolated heavy rainfall over Himachal Pradesh till Sunday, over Uttarakhand till Tuesday (August 15), over Punjab and Haryana till Sunday, and over West Uttar Pradesh till Monday (August 14).&nbsp;</p>

<p>In east India, "Light/moderate fairly widespread to widespread rainfall with isolated heavy rainfall activity very likely over Bihar, Sub-Himalayan West Bengal &amp; Sikkim during 11th -13th August; over Gangetic West Bengal on 12th &amp; 13th and over Jharkhand on 12th &amp; 13th August. Isolated very heavy rainfall likely over Bihar and Sub-Himalaya West Bengal &amp; Sikkim on 11th &amp; 12th August," the statement further said.&nbsp;</p>

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Monsoon in India slipped into the negative zone on Friday (August 11) with an overall deficit of one per cent after a sustained dry spell this month. Rainfall across India since June 1 remained within the normal range of ±4, while the monsoon in August till now has been 29 per cent below the long-period average with the southern part of the country having been particularly dry, says a report in the Times of India (TOI).

Monsoon in India slipped into the negative zone on Friday (August 11) with an overall deficit of one per cent after a sustained dry spell this month. Rainfall across India since June 1 remained within the normal range of ±4, while the monsoon in August till now has been 29 per cent below the long-period average with the southern part of the country having been particularly dry, says a report in the Times of India (TOI). Citing experts, the report said the break in monsoon, which had started nearly a week back, was likely to continue till Wednesday (August 16). "It's a classical break in the monsoon that we are seeing for close to a week now. It may last till around August 16, when a low-pressure system may form over the Bay of Bengal followed by another a few days later," veteran meteorologist M Rajeevan told the publication. Rajeevan said these systems were likely to bring rain to states such as Bihar, Jharkhand, West Bengal, Odisha, Chhattisgarh, Madhya Pradesh and some adjoining areas, as per the India Meteorological Department's (IMD) forecast. However, the veteran meteorologist pointed out that widespread rainfall across the country was unlikely after August 20. IMD issues fresh rain alerts Meanwhile, the IMD issued fresh rain alerts on Friday. In a statement, the IMD said, "Isolated heavy to very heavy rainfall likely to continue over Uttarakhand during next 5 days and over Bihar, Sikkim, Arunachal Pradesh and Assam & Meghalaya during next 2 days and isolated heavy rainfall thereafter for subsequent 3 days." "Subdued rainfall activity likely over rest parts of the country during next one week and likely revival of active Monsoon conditions thereafter," the statement added. The weather bureau said it is likely there would be light/moderate scattered to fairly widespread rainfall with isolated heavy rainfall over Himachal Pradesh till Sunday, over Uttarakhand till Tuesday (August 15), over Punjab and Haryana till Sunday, and over West Uttar Pradesh till Monday (August 14). In east India, "Light/moderate fairly widespread to widespread rainfall with isolated heavy rainfall activity very likely over Bihar, Sub-Himalayan West Bengal & Sikkim during 11th -13th August; over Gangetic West Bengal on 12th & 13th and over Jharkhand on 12th & 13th August. Isolated very heavy rainfall likely over Bihar and Sub-Himalaya West Bengal & Sikkim on 11th & 12th August," the statement further said. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Monsoon in India slips into negative zone following July surplus: Report

<p>India and China are preparing for their 19th round of Corps Commander Level talks on Monday, August 14, scheduled to take place at the Chushul-Moldo meeting point in the Eastern Ladakh sector, ANI news agency reported citing defence sources.&nbsp;</p>

<p>“The Indian side would be led by Fire and Fury Corps Commander Lt Gen Rashim Bali for the talks with representatives of the Chinese military on August 14. Officials from Ministry of External Affairs and ITBP are also expected to be part of the talks The two sides are likely to discuss the issues related to DBO and CNN junction along with other matters. India would also be pressing for disengagement from the Eastern Ladakh front,” the sources told ANI.&nbsp;</p>

<p>Also Read | <a href="https://www.wionews.com/world/ahead-of-brics-summit-russian-envoy-babushkin-advocates-trading-in-national-currencies-624722">Ahead of BRICS summit, Russian envoy Babushkin advocates trading in national currencies</a></p>

<p>This comes as there have been continued tensions between India and China along their disputed border regions. One of the deadliest clashes occurred in June 2020, when a violent skirmish took place between Indian and Chinese troops in the Galwan Valley. This clash resulted in loss of lives of about 20 Indian soldiers, and an estimated higher casualty on the other side though the Chinese never shared the fatality figures.</p>

<p>The latest&nbsp;engagement, expected to take place on Monday, is aimed to address the military standoff between the two nations.</p>

<h2><strong>Three-year military standoff</strong></h2>

<p>A prolonged military standoff between India and China began in May 2020. It has led to a series of confrontations. The Chinese attempted to forcefully alter the status quo on the Line of Actual Control (LAC), resulting in tensions that have persisted for the past three years.</p>

<p>Also Read | <a href="https://www.wionews.com/india-news/explained-indian-govt-proposes-revamp-of-colonial-era-laws-heres-what-will-change-624710">Indian govt proposes revamp of colonial-era laws, here’s what will change</a></p>

<p>The meeting marks the resumption of talks after an approximate four-month interval with the most recent Corps Commander level meeting being held in April earlier this year.&nbsp;</p>

<h2><strong>Construction activities&nbsp;</strong></h2>

<p>There have been heightened construction activities along the border regions by both countries, aimed at reinforcing their positions. Military talks focusing on disengagement and de-escalation along the Line of Actual Control in eastern Ladakh commenced shortly after the initial confrontations between the Indian and Chinese forces.&nbsp;</p>

<p>Through previous&nbsp;talks, both sides managed to disengage from various confrontation points and relocate to new positions, aiming to prevent clashes and promote peaceful resolution.</p>

<p>ANI while quoting sources said that the Indian side is committed to achieving an amicable resolution while safeguarding its interests in the region. They added that in order to match the Chinese deployments opposite eastern Ladakh, India has stationed more than 50,000 troops in the area.&nbsp;</p>

<p><strong>WATCH | No-Confidence Motion: PM Modi's NDA government wins trust vote in Parliament&nbsp;</strong></p>

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<p>In December 2022, the Indian military reportedly thwarted a Chinese army incursion attempt near Yang Tse, close to Tawang in Arunachal Pradesh.&nbsp;</p>

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India and China are preparing for their 19th round of Corps Commander Level talks on Monday, August 14, scheduled to take place at the Chushul-Moldo meeting point in the Eastern Ladakh sector, ANI news agency reported citing defence sources.

India and China are preparing for their 19th round of Corps Commander Level talks on Monday, August 14, scheduled to take place at the Chushul-Moldo meeting point in the Eastern Ladakh sector, ANI news agency reported citing defence sources. “The Indian side would be led by Fire and Fury Corps Commander Lt Gen Rashim Bali for the talks with representatives of the Chinese military on August 14. Officials from Ministry of External Affairs and ITBP are also expected to be part of the talks The two sides are likely to discuss the issues related to DBO and CNN junction along with other matters. India would also be pressing for disengagement from the Eastern Ladakh front,” the sources told ANI. Also Read | Ahead of BRICS summit, Russian envoy Babushkin advocates trading in national currencies This comes as there have been continued tensions between India and China along their disputed border regions. One of the deadliest clashes occurred in June 2020, when a violent skirmish took place between Indian and Chinese troops in the Galwan Valley. This clash resulted in loss of lives of about 20 Indian soldiers, and an estimated higher casualty on the other side though the Chinese never shared the fatality figures. The latest engagement, expected to take place on Monday, is aimed to address the military standoff between the two nations. Three-year military standoff A prolonged military standoff between India and China began in May 2020. It has led to a series of confrontations. The Chinese attempted to forcefully alter the status quo on the Line of Actual Control (LAC), resulting in tensions that have persisted for the past three years. Also Read | Indian govt proposes revamp of colonial-era laws, here’s what will change The meeting marks the resumption of talks after an approximate four-month interval with the most recent Corps Commander level meeting being held in April earlier this year. Construction activities There have been heightened construction activities along the border regions by both countries, aimed at reinforcing their positions. Military talks focusing on disengagement and de-escalation along the Line of Actual Control in eastern Ladakh commenced shortly after the initial confrontations between the Indian and Chinese forces. Through previous talks, both sides managed to disengage from various confrontation points and relocate to new positions, aiming to prevent clashes and promote peaceful resolution. ANI while quoting sources said that the Indian side is committed to achieving an amicable resolution while safeguarding its interests in the region. They added that in order to match the Chinese deployments opposite eastern Ladakh, India has stationed more than 50,000 troops in the area. WATCH | No-Confidence Motion: PM Modi's NDA government wins trust vote in Parliament × In December 2022, the Indian military reportedly thwarted a Chinese army incursion attempt near Yang Tse, close to Tawang in Arunachal Pradesh. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

India, China gear up for 19th round of Corps Commander talks amid ongoing border dispute

The Indian Prime Minister Narendra Modi is all set to visit Greece later this month. The main aim of the visit is to boost ties with the European country. This visit is already being touted as historic as the last Indian Prime Minister to visit Greece was Indira Gandhi.

Indian PM Modi to visit Greece, focus on Mediterranean | WION Pulse

In India, the latest figures show the trend of rising Cancer cases amongst the youth and it is now one of the major causes of death. Watch the video to know more.

In India, 2100 people dies of cancer everyday

In India where things are slowly inching back to normal in the northeastern state of Manipur. Ethnic violence remember had plunged the state into complete turmoil more than 150 people lost their lives and thousands were displaced from their homes. After a gap of more than two months schools for classes 9 to 12 have now reopened.

India: Manipur crawls back to normalcy

<p>Australian Prime Minister Anthony Albanese has confirmed his participation in the upcoming G20 summit to be held in New Delhi next month</p>

<p>Albanese will be among leaders of G-20 nations who are scheduled to attend the summit under India’s presidency in New Delhi this September.</p>

<p>The G20 is the world’s preeminent forum for global economic cooperation. Leaders will focus on navigating the global economy back to strong, sustainable and resilient growth, according to a statement by the Australian PM's office.</p>

<p>“Deepening Australia’s engagement with Southeast Asia is a key priority for my Government. Our futures are intertwined – so it’s essential that we work together to achieve a peaceful, stable and prosperous region," a press statement from the Australian Prime Minister's office said quoting Albanese.</p>

<p>Also Read | <a href="https://www.wionews.com/world/ahead-of-brics-summit-russian-envoy-babushkin-advocates-trading-in-national-currencies-624722">Ahead of BRICS summit, Russian envoy Babushkin advocates trading in national currencies</a></p>

<p>“It is more important than ever that Australia works closely with international partners, including through multilateral economic forums like the G20, to address shared challenges and opportunities," Albanese said.</p>

<p>“Australia is invested in and committed to the Indo-Pacific to enhance growth and prosperity, stability and respect for sovereignty and lasting peace,” he said.</p>

<p>Albanese said that Australia is proud to be hosting a Special Summit to commemorate the 50th Anniversary of the ASEAN-Australia Dialogue Relations in 2024.</p>

<p>Also Read | <a href="https://www.wionews.com/india-news/explained-indian-govt-proposes-revamp-of-colonial-era-laws-heres-what-will-change-624710">Indian govt proposes revamp of colonial-era laws, here’s what will change</a></p>

<p>“I look forward to welcoming ASEAN leaders to Australia in March next year," he said.<br />
Albanese will travel to Indonesia, the Philippines and India in September to meet with regional leaders to discuss global challenges and advance Australia’s economic, security and climate agenda.</p>

<p>The Australian Prime Minister will attend the 3rd Annual ASEAN-Australia Summit and the 18th East Asia Summit in Jakarta from September 6–7. Australia’s close partnership with ASEAN and its members is critical to achieving mutual prosperity, security and peace in the region.</p>

<p>As part of the Australian Government’s upgrade of relationships with countries of Southeast Asia, Albanese will travel to Manila, the first Australian Prime Minister to undertake a bilateral visit to the Philippines since the year 2003.</p>

<p><strong>WATCH | No-Confidence Motion: PM Modi's NDA government wins trust vote in Parliament&nbsp;</strong></p>

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<p>The Prime Minister’s meeting on September 8 with Philippines President Ferdinand R Marcos Jr will focus on strengthening cooperation on defence and maritime security, development and education.</p>

<p>“Our partnership with the Philippines is built on close defence and security cooperation, increasing economic relations and warm personal ties, including through the vibrant Filipino-Australian community. I look forward to visiting Manila to meet with President Marcos and affirm our partnership," Albanese said.</p>

<p>India assumed the G20 presidency on December 1, 2022.&nbsp;</p>

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Australian Prime Minister Anthony Albanese has confirmed his participation in the upcoming G20 summit to be held in New Delhi next month Albanese will be among leaders of G-20 nations who are scheduled to attend the summit under India’s presidency in New Delhi this September.

Australian Prime Minister Anthony Albanese has confirmed his participation in the upcoming G20 summit to be held in New Delhi next month Albanese will be among leaders of G-20 nations who are scheduled to attend the summit under India’s presidency in New Delhi this September. The G20 is the world’s preeminent forum for global economic cooperation. Leaders will focus on navigating the global economy back to strong, sustainable and resilient growth, according to a statement by the Australian PM's office. “Deepening Australia’s engagement with Southeast Asia is a key priority for my Government. Our futures are intertwined – so it’s essential that we work together to achieve a peaceful, stable and prosperous region," a press statement from the Australian Prime Minister's office said quoting Albanese. Also Read | Ahead of BRICS summit, Russian envoy Babushkin advocates trading in national currencies “It is more important than ever that Australia works closely with international partners, including through multilateral economic forums like the G20, to address shared challenges and opportunities," Albanese said. “Australia is invested in and committed to the Indo-Pacific to enhance growth and prosperity, stability and respect for sovereignty and lasting peace,” he said. Albanese said that Australia is proud to be hosting a Special Summit to commemorate the 50th Anniversary of the ASEAN-Australia Dialogue Relations in 2024. Also Read | Indian govt proposes revamp of colonial-era laws, here’s what will change “I look forward to welcoming ASEAN leaders to Australia in March next year," he said. Albanese will travel to Indonesia, the Philippines and India in September to meet with regional leaders to discuss global challenges and advance Australia’s economic, security and climate agenda. The Australian Prime Minister will attend the 3rd Annual ASEAN-Australia Summit and the 18th East Asia Summit in Jakarta from September 6–7. Australia’s close partnership with ASEAN and its members is critical to achieving mutual prosperity, security and peace in the region. As part of the Australian Government’s upgrade of relationships with countries of Southeast Asia, Albanese will travel to Manila, the first Australian Prime Minister to undertake a bilateral visit to the Philippines since the year 2003. WATCH | No-Confidence Motion: PM Modi's NDA government wins trust vote in Parliament × The Prime Minister’s meeting on September 8 with Philippines President Ferdinand R Marcos Jr will focus on strengthening cooperation on defence and maritime security, development and education. “Our partnership with the Philippines is built on close defence and security cooperation, increasing economic relations and warm personal ties, including through the vibrant Filipino-Australian community. I look forward to visiting Manila to meet with President Marcos and affirm our partnership," Albanese said. India assumed the G20 presidency on December 1, 2022. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

Australian PM Anthony Albanese to visit India to participate in G20 Leaders' Summit

Indian Prime Minister Narendra Modi is on a significant diplomatic visit to Greece, bolstering ties with the European country. This visit comes as a part of PM Modi's attendance at the BRICS summit in South Africa, underscoring India's commitment to global partnerships. To know more watch this interview with the professor at the Centre for Policy Research Brahma Chellaney.

Greece and India conduct joint naval military exercise

Indian Prime Minister Narendra Modi is on a significant diplomatic visit to Greece, bolstering ties with the European country. This visit comes as a part of PM Modi's attendance at the BRICS summit in South Africa, underscoring India's commitment to global partnerships.

Indian PM Modi to embark on historic diplomatic visit to Greece

India has stationed a squadron of upgraded MiG-29 fighter jets at the Shinagawa air base to counter threats from both the Pakistani and Chinese forces.

India deploys new fighter jet squadron: MiG-29 to counter Pakistan and China

<p>India has deployed an upgraded squadron of MiG-29 fighter jets at the Srinagar air base to address twin threats from Pakistan&nbsp;and China. The advanced capabilities of upgraded MiG-29 fighter jets, their strategic positioning, and skilled pilots will be significant assets for safeguarding India's northern borders.</p>

<p>This move marks a strategic shift as the newly dubbed 'Defender of the North' squadron, also known as Tridents, replaces the MiG-21 squadron that historically guarded against Pakistani threats.</p>

<p>Indian Air Force squadron leader Vipul Sharma told ANI about the MiG-29's suitability for this purpose.&nbsp;"Srinagar lies in the centre of Kashmir valley and its elevation is higher than plains. It is strategically better to place an aircraft with a higher weight-to-thrust ratio and less response time due to proximity to the border and is equipped with better avionics and long-range missiles. The MiG-29 fulfills all these criteria due to which we are capable of taking on the enemies on both fronts," the pilot said.&nbsp;</p>

<h2><strong>MiG-29 over MiG-21</strong></h2>

<p>The MiG-29 offers significant advantages over the MiG-21, which had effectively safeguarded the Kashmir valley for years and notably shot down an F-16 in 2019 following the Balakot air strikes on Pakistani terrorist installations.</p>

<p>Also Read | <a href="https://www.wionews.com/world/ahead-of-brics-summit-russian-envoy-babushkin-advocates-trading-in-national-currencies-624722">Ahead of BRICS summit, Russian envoy Babushkin advocates trading in national currencies</a></p>

<p>Enhanced with long-range air-to-air and air-to-ground missiles post-upgrades, the MiG-29 has been armed with potent weaponry through the government's emergency procurement powers.</p>

<p>"The fighter aircraft have also been provided with the capability to jam the enemy aircraft's capabilities during times of conflict,"&nbsp;officials said, reported ANI.</p>

<h2><strong>Night operations</strong></h2>

<p>Squadron leader Shivam Rana reportedly said that the upgraded MiG-29s can operate with night vision goggles, boasting extended range capabilities due to air-to-air refuelling capacity.</p>

<p>Notably, the aircraft now incorporates air-to-ground armaments, a new addition.</p>

<p>Also Read | <a href="https://www.wionews.com/india-news/explained-indian-govt-proposes-revamp-of-colonial-era-laws-heres-what-will-change-624710">Indian govt proposes revamp of colonial-era laws, here’s what will change</a></p>

<p>"We have also included the air-to-ground armament which was not there earlier. The biggest capability of the aircraft are the pilots which are handpicked by the Indian Air Force to serve on these aircraft," pilot Rana said.</p>

<h2><strong>Deployment&nbsp;</strong></h2>

<p>The MiG-29s were deployed to the Srinagar air base in January this year and have since conducted extensive flights across the Kashmir valley and the Ladakh sector. They stand poised to swiftly respond to any attempted airspace violations by China.</p>

<p><strong>WATCH | No-Confidence Motion: PM Modi's NDA government wins trust vote in Parliament&nbsp;</strong></p>

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<p>Post the Galwan clash of 2020, the MiG-29s were the inaugural aircraft deployed in the Ladakh sector to counter potential threats from the Chinese side. Their presence has effectively thwarted multiple such attempts.</p>

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India has deployed an upgraded squadron of MiG-29 fighter jets at the Srinagar air base to address twin threats from Pakistan and China. The advanced capabilities of upgraded MiG-29 fighter jets, their strategic positioning, and skilled pilots will be significant assets for safeguarding India's northern borders.

India has deployed an upgraded squadron of MiG-29 fighter jets at the Srinagar air base to address twin threats from Pakistan and China. The advanced capabilities of upgraded MiG-29 fighter jets, their strategic positioning, and skilled pilots will be significant assets for safeguarding India's northern borders. This move marks a strategic shift as the newly dubbed 'Defender of the North' squadron, also known as Tridents, replaces the MiG-21 squadron that historically guarded against Pakistani threats. Indian Air Force squadron leader Vipul Sharma told ANI about the MiG-29's suitability for this purpose. "Srinagar lies in the centre of Kashmir valley and its elevation is higher than plains. It is strategically better to place an aircraft with a higher weight-to-thrust ratio and less response time due to proximity to the border and is equipped with better avionics and long-range missiles. The MiG-29 fulfills all these criteria due to which we are capable of taking on the enemies on both fronts," the pilot said. MiG-29 over MiG-21 The MiG-29 offers significant advantages over the MiG-21, which had effectively safeguarded the Kashmir valley for years and notably shot down an F-16 in 2019 following the Balakot air strikes on Pakistani terrorist installations. Also Read | Ahead of BRICS summit, Russian envoy Babushkin advocates trading in national currencies Enhanced with long-range air-to-air and air-to-ground missiles post-upgrades, the MiG-29 has been armed with potent weaponry through the government's emergency procurement powers. "The fighter aircraft have also been provided with the capability to jam the enemy aircraft's capabilities during times of conflict," officials said, reported ANI. Night operations Squadron leader Shivam Rana reportedly said that the upgraded MiG-29s can operate with night vision goggles, boasting extended range capabilities due to air-to-air refuelling capacity. Notably, the aircraft now incorporates air-to-ground armaments, a new addition. Also Read | Indian govt proposes revamp of colonial-era laws, here’s what will change "We have also included the air-to-ground armament which was not there earlier. The biggest capability of the aircraft are the pilots which are handpicked by the Indian Air Force to serve on these aircraft," pilot Rana said. Deployment The MiG-29s were deployed to the Srinagar air base in January this year and have since conducted extensive flights across the Kashmir valley and the Ladakh sector. They stand poised to swiftly respond to any attempted airspace violations by China. WATCH | No-Confidence Motion: PM Modi's NDA government wins trust vote in Parliament × Post the Galwan clash of 2020, the MiG-29s were the inaugural aircraft deployed in the Ladakh sector to counter potential threats from the Chinese side. Their presence has effectively thwarted multiple such attempts. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

India deploys upgraded MiG-29 fighter jets in Srinagar to secure skies against Pakistan, China

The BJP-led NDA defeated the No-Confidence Motion presented by opposition parties against the government on August 10. The motion, brought forth by the Congress, centered on the issue of Manipur violence. Prime Minister Narendra Modi delivered an almost 2-hour address in Parliament, responding to the motion against his government.

No-Confidence Motion: PM Modi's NDA government wins trust vote in Parliament | The India Story

Tonight on The India Story with Vikram Chandra: +THE I.N.D.I.A VS NDA SHOWDOWN +NO-CONFIDENCE MOTION IN INDIAN PARLIAMENT +PM MODI LED NDA GOVT WINS TRUST VOTE +INDIA HITS BULLSEYE +INDIA'S FIRST-EVER WORLD ARCHERY GOLD +IN CONVERSATION WITH ADITI SWAMI

The I.N.D.I.A vs NDA showdown

The opposition parties' No-Confidence Motion against the government was defeated on August 10 by the BJP-led NDA. The Congress's motion was centred on the subject of violence in Manipur. In response to the motion against his administration, Prime Minister Narendra Modi made a lengthy statement in Parliament that lasted over two hours. On this week's episode of The India Story, Vikram Chandra analyses Prime Minister Narendra Modi's criticism of the opposition Congress party and talks with political analyst Neerja Chowdhury about potential coalitions for the 2024 elections.

No-Trust Motion against Modi government was defeated in Lok Sabha

Indian Parliament passed a critical bill on August 7, 2023 that will redefine power distribution between the Centre and the governing authority in Delhi. However, the question arises whether this bill will hinder or enhance Delhi's journey toward becoming a world-class capital.

Indian Parliament passes Delhi Services Bill: Delhi's path to world-class capital | The India Story

17 years old, Aditi Swami has etched her name into history as the youngest-ever World Champion in archery. Aditi's journey through 2023 has been remarkable, transitioning from a junior world champion to securing the senior title within months, solidifying her status as India's inaugural individual world champion in the sport. Tune in as Vikram Chandra engages in a conversation with Aditi Swami.

Aditi Swami hits bullseye in Archery | The India Story

<p>In 2000, after receiving a loan worth 8,00,000 rupees ($9,000), Vijay Shekhar Sharma founded Paytm's parent organisation – One97 Communications, which offered digital goods and services. Later in 2010, with an initial investment of $2 million, Sharma launched Paytm, an acronym for 'pay through mobile,' which started as a prepaid mobile and DTH (direct-to-home) recharge platform headquartered in Noida, India. &nbsp;</p>

<p>In less than ten years, Paytm has developed into one of the most valuable financial start-ups in the nation. &nbsp; &nbsp;</p>

<p>In 2014, the Paytm Wallet became one of India's most popular digital wallets. The following few years saw Paytm grow its user base and enter the e-commerce space by enabling online shopping and ticketing. Digital payments surged in 2016 after India demonetised 500- and 1000-rupee notes. &nbsp;</p>

<p>"Paytm Karo" became the infamous tagline that every Indian was familiar with when thinking about online shopping after demonetisation. &nbsp;</p>

<p>Paytm was the first payment app in the nation that achieved 100 million downloads in 2017. As of March 1, 2021, Paytm had 1.2 billion monthly transactions and more than 150 million active users. &nbsp; &nbsp;</p>

<p>With a 15 per cent month-over-month gain, the digital payments giant now holds the largest market share in the offline merchant payments sector. The business has expanded into several services, including ticketing for movies and flights, gold sales, insurance, bank deposits and remittances. &nbsp; &nbsp;</p>

<p><strong>IPO Listing &nbsp; </strong>&nbsp;</p>

<p>In 2021, Paytm made history by conducting India's largest Initial Public Offering (IPO). Its initial public offering exceeded Coal India's IPO of Rs 15,200 crore ($1.8 billion) in 2010. &nbsp;</p>

<p>After completing the IPO, Paytm's founder Vijay Shekhar Sharma broke into tears during his speech at the Bombay Stock Exchange (BSE), as per a report by NDTV. &nbsp;</p>

<p>The company surpassed the market capitalisation milestone of Rs. 1 lakh crore ($12 billion). The digital payments company's market cap on the BSE touched Rs. 1.19 lakh crore ($14 billion). &nbsp;</p>

<p><strong>Purchase of stake from Antfin &nbsp; </strong>&nbsp;</p>

<p>In August 2023, Paytm's CEO announced that he intends to purchase a 10.3 per cent stake from Antfin, an Ant Financial subsidiary, for $628 million. This move aimed to streamline ownership within the Indian payments firm. Following the announcement, Paytm's shares surged by 11.4 per cent, having already risen over 50 per cent in the year. Antfin (Netherlands) Holding B.V.'s acquisition price is 796.6 rupees ($9.3) per share, mirroring Paytm's recent closing price. This purchase will reduce Antfin's ownership to 13.5 per cent, relinquishing its status as the largest stakeholder. Notably, China's Alibaba sold its entire stake in Paytm in February, while Softbank Group Corp has gradually lowered its stake, now at 9.18 per cent. After this acquisition, Sharma, Paytm's founder, will become the primary stakeholder with 19.42 per cent. &nbsp; &nbsp;</p>

<p><strong>The success of Paytm &nbsp;</strong></p>

<p>Research by International Journal for Research in Engineering Application &amp; Management attributes Paytm's success to its revenue model and innovative strategies to enhance its services in the Indian digital financial services sector. &nbsp;</p>

<p><em><strong>Revenue model &nbsp;</strong></em></p>

<p>A diversified revenue model of Paytm has played a huge role in its growth and market leadership. By adopting various revenue streams, Paytm has ensured financial stability and catered to different user base segments. &nbsp;</p>

<p>For instance, the advertising revenue model allows sellers to promote their products on Paytm's platform for a fee. The subscription model lets sellers pay an annual subscription fee to list their products. And Paytm's advance payment model capitalises on customer payments by accruing interest until funds are transferred to sellers. &nbsp;</p>

<p><strong>Innovative strategies &nbsp; &nbsp;</strong></p>

<p>What began as a platform for online bill payments has evolved into a comprehensive mobile money solution, including the establishment of Paytm Payments Bank. This initiative bridges the gap for individuals needing access to traditional financial services. The launch of the Paytm for Business app and banking features targeting corporate customers exemplify Paytm's versatility and adaptability to varying market demands.</p>

<p>Paytm was among the first financial companies to push for cashless transactions by making digital payments through a unified payments interface (UPI), which has presently proven to be a huge success.</p>

<p>&nbsp;</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

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In 2000, after receiving a loan worth 8,00,000 rupees ($9,000), Vijay Shekhar Sharma founded Paytm's parent organisation – One97 Communications, which offered digital goods and services.

In 2000, after receiving a loan worth 8,00,000 rupees ($9,000), Vijay Shekhar Sharma founded Paytm's parent organisation – One97 Communications, which offered digital goods and services. Later in 2010, with an initial investment of $2 million, Sharma launched Paytm, an acronym for 'pay through mobile,' which started as a prepaid mobile and DTH (direct-to-home) recharge platform headquartered in Noida, India. In less than ten years, Paytm has developed into one of the most valuable financial start-ups in the nation. In 2014, the Paytm Wallet became one of India's most popular digital wallets. The following few years saw Paytm grow its user base and enter the e-commerce space by enabling online shopping and ticketing. Digital payments surged in 2016 after India demonetised 500- and 1000-rupee notes. "Paytm Karo" became the infamous tagline that every Indian was familiar with when thinking about online shopping after demonetisation. Paytm was the first payment app in the nation that achieved 100 million downloads in 2017. As of March 1, 2021, Paytm had 1.2 billion monthly transactions and more than 150 million active users. With a 15 per cent month-over-month gain, the digital payments giant now holds the largest market share in the offline merchant payments sector. The business has expanded into several services, including ticketing for movies and flights, gold sales, insurance, bank deposits and remittances. IPO Listing In 2021, Paytm made history by conducting India's largest Initial Public Offering (IPO). Its initial public offering exceeded Coal India's IPO of Rs 15,200 crore ($1.8 billion) in 2010. After completing the IPO, Paytm's founder Vijay Shekhar Sharma broke into tears during his speech at the Bombay Stock Exchange (BSE), as per a report by NDTV. The company surpassed the market capitalisation milestone of Rs. 1 lakh crore ($12 billion). The digital payments company's market cap on the BSE touched Rs. 1.19 lakh crore ($14 billion). Purchase of stake from Antfin In August 2023, Paytm's CEO announced that he intends to purchase a 10.3 per cent stake from Antfin, an Ant Financial subsidiary, for $628 million. This move aimed to streamline ownership within the Indian payments firm. Following the announcement, Paytm's shares surged by 11.4 per cent, having already risen over 50 per cent in the year. Antfin (Netherlands) Holding B.V.'s acquisition price is 796.6 rupees ($9.3) per share, mirroring Paytm's recent closing price. This purchase will reduce Antfin's ownership to 13.5 per cent, relinquishing its status as the largest stakeholder. Notably, China's Alibaba sold its entire stake in Paytm in February, while Softbank Group Corp has gradually lowered its stake, now at 9.18 per cent. After this acquisition, Sharma, Paytm's founder, will become the primary stakeholder with 19.42 per cent. The success of Paytm Research by International Journal for Research in Engineering Application & Management attributes Paytm's success to its revenue model and innovative strategies to enhance its services in the Indian digital financial services sector. Revenue model A diversified revenue model of Paytm has played a huge role in its growth and market leadership. By adopting various revenue streams, Paytm has ensured financial stability and catered to different user base segments. For instance, the advertising revenue model allows sellers to promote their products on Paytm's platform for a fee. The subscription model lets sellers pay an annual subscription fee to list their products. And Paytm's advance payment model capitalises on customer payments by accruing interest until funds are transferred to sellers. Innovative strategies What began as a platform for online bill payments has evolved into a comprehensive mobile money solution, including the establishment of Paytm Payments Bank. This initiative bridges the gap for individuals needing access to traditional financial services. The launch of the Paytm for Business app and banking features targeting corporate customers exemplify Paytm's versatility and adaptability to varying market demands. Paytm was among the first financial companies to push for cashless transactions by making digital payments through a unified payments interface (UPI), which has presently proven to be a huge success. WATCH WION LIVE HERE

Flashback Friday: Pioneering the e-wallet ecosystem – The story of Paytm  

PM Modi's government has defeated the no-trust vote in the Parliament. Speaking about the vote, PM Modi accused the opposition of playing personal politics instead of focusing on India's growth story. Molly Gambhir brings you a report.

Gravitas: PM Modi's govt defeats no-trust vote in Parliament

India beat Japan 5-0 in the Asian Championships Trophy Hockey Tournament final at the Mayor Radhakrishnan Stadium on Friday. India will take on Malaysia on Saturday.

Asian Championships Trophy: India storm into final after beating Japan 5-0 | WION Pulse

QUAD navies are demonstrating remarkable camaraderie. As they kickstart the Malabar exercise in the Pacific Ocean. The multilateral naval exercise Malabar has left China worrying.

Malabar exercise 2023: QUAD countries kickstart war games in the Pacific

Beautiful photos of the earth and moon taken by Chandrayaan 3's cameras have been released by the Indian Space Research Organization (ISRO). The moon's image was captured by Chandrayaan 3's Lander Horizontal Velocity Camera (LHVC) a day after the Lunar Orbit Insertion on August 6, according to a tweet from the space agency. The image of the earth was taken by the spacecraft's Lander Imager (LI) camera on the day of its launch on July 14, 2023.

Chandrayaan-3: India's third moon mission aims to achieve soft lunar landing

The Union government introduced a Bill on Thursday which proposes that election commissioners will be selected by a panel led by the prime minister, with the leader of the opposition in the Lok Sabha and a Union cabinet minister as members.

India: Centre moves new bill on appointment of election commissioners, CJI excluded from panel

Cancer: A leading cause of death worldwide | 2,100 people die of Cancer everyday in India | WION

The Malabar Navy Exercise, traditionally staged in the Indian Ocean, will be held off the coast of Sydney on Friday by India, Japan, the United States, and Australia. This will be the first time the war games have been held in Australia. On their journey to Sydney, Japanese and Indian navy ships made stops in the Pacific Island nations of Solomon Islands and Papua New Guinea, underscoring the strategic significance of the area at a time when China and the United States are at odds.

Navy vessels from India, Japan and US reach Australia

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