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India, Bangladesh to celebrate Maitri Diwas on Dec 6

New Delhi: India and Bangladesh will celebrate December 6, the neighboring country’s National Day, as Maitri Diwas (Friendship Day) following a suggestion of Prime Minister Narendra Modi during his Dhaka visit in March 2021. In a statement, the Ministry of External Affairs (MEA) said, India had, ten days before the Liberation of Bangladesh, recognized the […]

Virtual cash: Nirmala calls for global mechanism to regulate cryptocurrency

Virendra Pandit   New Delhi: Finance Minister Nirmala Sitharaman on Friday called for a global mechanism to regulate new technologies, like cryptocurrencies, as no country has a one-point formula to manage it in a borderless technological world. Amid a raging debate on how to regulate virtual currencies, she said at an event organized by Infinity […]

Accolade: IMF retains, elevates Gita Gopinath as No 2.

Virendra Pandit    New Delhi: The International Monetary Fund (IMF) has promoted Gita Gopinath, its first female Chief Economist, as the First Deputy Managing Director (FDMD), preventing her from returning to academia at Harvard University, USA. Gopinath, a world-renowned macroeconomist currently working as the IMF’s Chief Economist, would succeed the incumbent, Geoffrey Okamoto, who plans […]

Roving Periscope: Europe had Omicron before SA; spreads to 23 nations

Virendra Pandit   New Delhi: Exactly two years after the first case of Covid-19 was detected in Wuhan, China, in December 2019, that sinking feeling has gripped the world once again with Omicron, the latest variant of the SARS-CoV-2 virus, dramatically spreading to over two dozen countries within a week of its detection, and forcing […]

Economic cooperation: India joins the G-20 Troika

New Delhi: India has joined the presidency of the Group of Twenty (G-20) Troika, a key international platform for global economic cooperation. As a Troika-member, India (incoming) will work closely with Indonesia (present) and Italy (past president) to ensure consistency and continuity of the G-20’s agenda, the Ministry of External Affairs (MEA) said. India will […]

Economy: India’s GDP may grow over 9.5% in FY22, says SBI’s Ecowrap

New Delhi: India’s Gross Domestic Product (GDP) is likely to grow over 9.5 percent in the fiscal year 2021-22, the latest research data quoted in the media reports showed on Wednesday. The economy grew at 8.4 percent in Q2FY22, according to data released by the National Statistical Office (NSO) on Tuesday. The growth in the […]

Covid-19: Omicron spreads to 12 countries, reaches Japan on Tuesday

Virendra Pandit   New Delhi: Omicron, the new, potentially more contagious Covid-19 variant than Delta, has now spread to a dozen countries, with Japan becoming the latest on Tuesday, although no deaths because of the deadly strain have so far been reported, after its detection on November 24 in South Africa. So far, they have […]

Cryptos: No proposal to recognize Bitcoin; RBI pushes for digital currency

Virendra Pandit   New Delhi: Finance Minister Nirmala Sitharaman on Monday announced that the government has no proposal to recognize Bitcoin as a currency in India. She also informed the Lok Sabha that the government does not collect data on Bitcoin transactions. Her deputy, Minister of State for Finance Pankaj Choudhary told the Lower House […]

Covid-19: Ominous Omicron poses “very high” global risk, says WHO

Virendra Pandit   New Delhi: Global health watchdog World Health Organization (WHO) on Monday warned that the Omicron variant may spread internationally, posing a “very high” global risk and said the fresh Covid-19 surges could have “severe consequences” in some areas, prompting several countries to ban international travels, reimpose restrictions, as sports bodies cancelled or […]

Covid-19: VOC Omicron alerts, pushes the world on edge

Virendra Pandit    New Delhi: With the World Health Organization (WHO) naming the new and potentially the deadliest yet coronavirus variant as Omicron on Friday, governments rushed to contain the pandemic as they came on edge to face the new situation wherein the South African variant may replace Delta as the highest transmissible strain discovered […]