Summary of "India This Week" - September 30, 2022

Rupee Depreciation and US Visa Backlog

The Indian Rupee hit a new lifetime low against the US dollar due to the strengthening of the dollar and the US Federal Reserve's rate hikes. The ongoing depreciation of the rupee is impacting India's forex reserves, which are at a two-year low. In another development, US Secretary of State Blinken assured India of addressing the backlog of visa applications from Indian nationals, acknowledging the challenges faced by Indians in obtaining visas to work and live in the United States.

Strategic Partnerships and Global Praise at UNGA

Discussions between US National Security Advisor Sullivan and External Affairs Minister Jaishankar focused on strengthening the US-India strategic partnership, addressing global economic volatility, the Ukraine conflict, and advancing a free and open Indo-Pacific. India received praise at the United Nations General Assembly from various global leaders, highlighting Prime Minister Modi's leadership and India's positive role in economic and foreign policy matters.

Appointment of New Chief of Defence Staff

Lt General Anil Chauhan (retired) has been appointed as the new Chief of Defence Staff, becoming the second person to hold this position after the unfortunate demise of Gen Bipin Rawat. Lt Gen Chauhan brings extensive experience in counterinsurgency operations and a distinguished military career spanning nearly 40 years. His appointment comes at a time when the government is focusing on indigenisation in defence equipment.

India This Week ~ September 30, 2022 - Flipbook by Fleepit