virendra pandit

Business

Roving Periscope: To cripple China’s BRI, G7 to promote the IMEC

June 15, 2024 virendra pandit 0

Virendra Pandit New Delhi: To further pulverize China’s multicontinental dream project, the Belt and Road Initiative (BRI), which is already facing several problems, the Group of Seven (G7) industrialized nations have committed to promoting concrete infrastructure initiatives, like the India-Middle East-Europe Economic Corridor (IMEC). The IMEC initiative was firmed up on the sidelines of the […]

Business

Ukraine: PM Modi meets President Zelenskyy, emphasizes dialogue, diplomacy

June 14, 2024 virendra pandit 0

Virendra Pandit New Delhi: India believes the way to peace in Ukraine is through dialogue and diplomacy, Prime Minister Narendra Modi told Ukrainian President Volodomyr Zelenskyy on the sidelines of the ongoing G-7 Summit in Italy on Friday, the media reported. During a bilateral meeting with President Zelenskyy, he assured India’s continued support for a […]

Business

FY25: FM Sitharaman to make history—seventh budget in a row!

June 14, 2024 virendra pandit 0

Virendra Pandit New Delhi: Breaking the record set by Morarji Desai, who tabled the Union Budget for six consecutive financial years in the 1950s-1960s, Finance Minister Nirmala Sitharaman is set to make history when she presents the document a seventh time in a row in the coming weeks for the financial year 2024-24 as the […]

Business

Roving Periscope: G-7 leaders to squeeze frozen Russian assets to pay Ukraine

June 14, 2024 virendra pandit 0

Virendra Pandit New Delhi: The Group of Seven (G-7) will tap the Russian central bank’s frozen assets worth USD 322 billion (300 billion euros) to raise a loan of USD 50 billion for war-ravaged Ukraine, the media reported on Friday. In 1992, the UN Security Council similarly authorized a measure to seize frozen Iraqi assets […]

Business

Pakistan: Facing bankruptcy, FM Aurangzeb ups defense budget by 15%

June 13, 2024 virendra pandit 0

Virendra Pandit New Delhi: Pakistan Finance Minister Muhammad Aurangzeb on Wednesday announced a nearly 15 percent hike in the cash-strapped nation’s defense spending and allocated Rs 2,122 billion in the 2024-25 budget, marking a significant increase from last year amid efforts to secure a fresh loan from the IMF to meet the hand-to-mouth country’s external […]

Business

Roving Periscope: Ahead of the G-7 Summit, British PM Sunak supports Ukraine

June 13, 2024 virendra pandit 0

Virendra Pandit New Delhi: Ukraine is expected to dominate the three-day Group of Seven (G-7) Summit, which began in Italy on Thursday, as British Prime Minister Rishi Sunak led the calls for “decisive efforts” to support the war-ravaged nation fighting against Russia. “We must be decisive and creative in our efforts to support Ukraine and […]

Business

Ukraine: Amid Europe’s turmoil, G-7 Summit, the US widens Russia sanctions

June 13, 2024 virendra pandit 0

Virendra Pandit New Delhi: Amid the Right-wingers’ increasing influence in Europe, Chinese President Xi Jinping’s effort to poach Hungary and Serbia, and potential disarray in the North Atlantic Treaty Organization (NATO), the United States on Wednesday suddenly widened sanctions on Russia, which is repeatedly warning the West to keep away from Ukraine. The fresh US […]

Business

G-7 Summit: PM Modi flying to Italy on Thursday

June 12, 2024 virendra pandit 0

Virendra Pandit New Delhi: In his first overseas trip after assuming charge as the Prime Minister for a third consecutive term, Narendra Modi will on Thursday fly to Italy to attend the Group of Seven (G-7) Summit. He has been invited by his Italian counterpart Giorgia Meloni. After the Summit, India may also join the […]

Defence

Living beyond means: The Maldives may follow the Sri Lankan financial woes

June 12, 2024 virendra pandit 0

Virendra Pandit New Delhi: Being politically anti-Indian and pro-Chinese ruins a whole country. Sri Lanka’s ruling Rajapaksa clan realized it in 2022; the Maldives’ pro-China President Mohamed Muizzu may soon realize that his Indian Ocean archipelago nation is slipping into the same pit. When the then Sri Lankan President Gotabaya Rajapaksa fled the anti-government uprising […]

Business

Roving Periscope: During Modi 3.0, India to remain the world’s fastest-growing economy

June 12, 2024 virendra pandit 0

Virendra Pandit New Delhi: The Prime Minister Narendra Modi-led NDA government, which kicked off on a positive note for a third consecutive term of five years on June 9, is likely to lead India’s economic success on a global scale in the coming years, according to various growth projections. After the United Nations recently upgraded […]