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"India's Efforts to Secure Affordable Russian Oil Amid Tightening Sanctions"

"India's Efforts to Secure Affordable Russian Oil Amid Tightening Sanctions" India’s state-owned refiners are expediting payments for Russian crude oil to complete transactions before expanded US sanctions take effect. These refiners now settle payments within two days instead of the usual five, aiming to secure discounted Russian oil while navigating an increasingly restricted global trade environment. The urgency stems from Washington's announcement of stricter sanctions targeting Russia’s oil industry, which are set to take effect next month. Refiners are keen to ensure transactions are completed during the “wind-down” period allowed for pre-sanctioned cargoes. At least 4.4 million barrels of Russian oil are en route to Indian ports like Jamnagar, Chennai, Paradip, and Visakhapatnam. Among these shipments is the tanker Mercury , carrying over 1 million barrels of Russian Urals crude, expected to arrive in Paradip soon. This vessel loaded its cargo in mid-December ...
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"India's Impressive Strides: 25 Crore Escape Multidimensional Poverty in 9 Years"

India has witnessed a remarkable journey in combating multidimensional poverty over the past nine years, as highlighted in a recent report by NITI Aayog. The numbers are staggering—24.82 crore individuals have successfully moved out of multidimensional poverty, showcasing a substantial decline from 29.17% to 11.28% between 2013-14 and 2022-23. This significant progress not only reflects the commitment of the government but also underscores the nation's dedication to inclusive growth and transformative changes.

The National Multidimensional Poverty Index (MPI), utilizing the Alkire Foster methodology, measures simultaneous deprivations across health, education, and standard of living. The 12 indicators aligned with sustainable development goals offer a comprehensive view of the nation's progress. From nutrition to bank accounts, each aspect has witnessed improvement, contributing to the overall decline in multidimensional poverty.

Uttar Pradesh leads the states with a commendable 5.94 crore people escaping poverty, followed by Bihar at 3.77 crore and Madhya Pradesh at 2.30 crore. This state-level breakdown emphasizes the need for region-specific strategies and showcases the diverse impact of poverty reduction initiatives.

Prime Minister Narendra Modi's acknowledgment of the achievement and commitment to furthering inclusive growth sets the tone for sustained efforts. The government aims to bring down multidimensional poverty to below 1%, with a focus on transformative changes to ensure a prosperous future for every Indian. The report suggests that India is on track to reach single-digit poverty levels by 2024, underlining the nation's dedication to accelerated progress.


While celebrating the progress, it's crucial to recognize persistent challenges. Cooking fuel and housing remain areas of concern, demanding targeted interventions. Government initiatives like Poshan Abhiyan and Anemia Mukt Bharat have played a pivotal role in enhancing access to healthcare facilities, contributing significantly to the decrease in deprivation levels.


The accelerated growth in the agriculture sector over the nine years has been a driving force behind the reduction in poverty. The report indicates that India is likely to achieve Sustainable Development Goals (SDGs) 1.2 (reducing multidimensional poverty by at least half) well ahead of the 2030 deadline. This aligns with the broader global agenda for sustainable and inclusive development.

The involvement of organizations like Oxford Policy and Human Development Initiative (OPHI) and the United Nations Development Programme (UNDP) underscores the collaborative effort in assessing and addressing poverty. The World Bank's international poverty line data further contextualizes India's progress in the broader global landscape, emphasizing the nation's positive economic trajectory.


In conclusion, India's strides in reducing multidimensional poverty reflect a concerted effort by the government and various stakeholders. The nation's commitment to sustainable development and inclusive growth appears promising, with a positive outlook for the years ahead. As India continues to tackle challenges and build on its achievements, the transformative changes witnessed in recent years set the stage for a more equitable and prosperous future for its citizens.
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