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Labor markets: India should work more, says IMF’s Gita Gopinath

Virendra Pandit     New Delhi: While applauding the Indian economy for doing better than many economies, International Monetary Fund (IMF)’ s Deputy Managing Director Gita Gopinath said on Wednesday that the Asian nation needs to work more on labor markets and land. On the sidelines of the ongoing World Economic Forum (WEF)’s meeting at […]

Roving Periscope: From this weekend, China may witness 36,000 Covid deaths, daily

Virendra Pandit   New Delhi: Fears of a dark Covid-19  winter in rural China grew exponentially this week as the Asian country descended into uncertainty. Just four days ahead of the Lunar New Year (January 22-23), the media reported on Wednesday that China is likely to see nearly 36,000 Covid deaths a day during this […]

Pension: As Montek warns against ‘revadis’, RBI cautions states on reverting to the old scheme

Virendra Pandit   New Delhi: The Reserve Bank of India (RBI) has cautioned the states against reverting to the Old Pension Scheme (OPS) for government employees, saying it poses a major risk on the “subnational fiscal horizon” and would result in the accumulation of unfunded liabilities in the coming years for them. Recently, several economists […]

Roving Periscope: China shocks Pakistan as UNSC declares Makki a “global terrorist”

Virendra Pandit    New Delhi: Failing rapidly as a nation-state amid collapsing economy, widespread famine-like conditions, and the looming threat of a civil war, Pakistan on Monday was rudely shocked when its “all-weather” friend China ditched it at the United Nations, enabling the Security Council to pronounce Pakistan-based Lashkar-e-Tayyaba deputy chief Abdul Rehman Makki a […]

WEF: India, B’Desh may benefit in likely global recession in 2023

Virendra Pandit   New Delhi: A global recession is likely this year but India and Bangladesh may benefit from global trends, the World Economic Forum (WEF) said on Monday. Pressures on food, energy, and inflation may peak in 2023, the WEF, in its Chief Economists Outlook Survey, said, according to the media reports. Some economies […]

Entertainment: After Natu, Natu, RRR wins the CCA’s Best Foreign Language Film award

Virendra Pandit   New Delhi: Act film director SS Rajamouli’s latest magnum opus, “RRR” continued its winning streak as the global blockbuster won two trophies within days — the Best Foreign Language Film and Best Original Song for Naatu, Naatu — at the Critics Choice Awards (CCA), the media reported on Monday. RRR is an […]

Covid explosion: Finally, China admits 60,000 deaths in a month!

Virendra Pandit   New Delhi: A week before the worried Chinese celebrate their Lunar New Year on January 22, and amid hundreds of millions of people crisscrossing China for this 40-day-long event, Beijing, on Saturday last weekend, admitted witnessing almost 60,000 Covid-related deaths in a month, as the tides of deadly infections swept the country. […]

Roving Periscope: ‘One percent of Indians own over 40% of the country’s wealth’

Virendra Pandit   New Delhi: The wealthiest one percent of people in India now own more than 40 percent of the country’s total wealth, while the bottom half of the population together share just 3 percent of the wealth, the media reported on Monday. Releasing the India supplement of its annual inequality report on the […]

Roving Periscope: World braces for the worst as 900 mn Chinese now Covid-infected

Virendra Pandit   New Delhi: With the internal migration of hundreds of millions of Chinese beginning on January 7 for the Lunar New Year on January 22-23, over 900 million people in the Asian country are estimated to have already contracted infections because of the fresh resurgence of Covid-19 pandemic, the media reported on Saturday. […]

Easter bombings: Sri Lankan SC orders ex-Prez Sirisena, and others to compensate victims

Virendra Pandit   New Delhi: The Supreme Court in Sri Lanka has found top government, police, and intelligence officials responsible for “failing to prevent” the 2019 Easter bombings in the island nation and ordered former President Maithripala Sirisena and others to pay millions of rupees as compensation to the victims. The Islamist serial suicide bombings, […]