virendra pandit

Business

AI’s risks: An ordinary downturn can spiral into a severe economic crisis, says Gopinath

June 11, 2024 virendra pandit 0

Virendra Pandit New Delhi: As the positive and negative impacts of Artificial Intelligence (AI) unfold worldwide, the International Monetary Fund (IMF) second in command has warned that it (AI) also has the potential to turn an ordinary downturn into a severe economic crisis worldwide. The disruptive effects of AI on the economy and financial markets […]

Business

Tit-for-tat: After China’s ‘renaming’ spree in Arunachal, India to rechristen 30 places in “Occupied Tibet”

June 11, 2024 virendra pandit 0

Virendra Pandit New Delhi: For centuries, an expansionist and imperialist China has practiced the subtle art of cartography and quietly renamed foreign territories as its first and second moves to annex them. That was how it rechristened and grabbed the Muslim-majority Eastern Turkestan as “Xinjiang”, and, more recently, renamed several places in Arunachal Pradesh which […]

Business

Roving Periscope: Oxford varsity to return 500-year-old statue ‘stolen’ from India

June 11, 2024 virendra pandit 0

Virendra Pandit New Delhi: Five years ago, renowned economist Utsa Patnaik and Congress MP Shashi Tharoor revealed that the British Empire, which systematically plundered the Indian subcontinent and pauperized its people, siphoned off their proverbial wealth to the tune of USD 45 trillion (9.2 trillion pounds) between 1765 and 1938. Besides, the British also took […]

Business

Six days later: Finally, Pakistan’s Sharif Brothers congratulate PM Modi!

June 10, 2024 virendra pandit 0

Virendra Pandit New Delhi: India’s distant neighbor, Pakistan, finally caught up with the world and, six days after the Lok Sabha elections results came, congratulated Prime Minister Narendra Modi on his third consecutive term that commenced with the swearing-in of his Council of Ministers on Sunday. Of late, Pakistan, whose economy is in a dire […]

Business

Pakistan: Budget may seek yet another bailout deal with the IMF!

June 10, 2024 virendra pandit 0

Virendra Pandit New Delhi: Pakistan, which is in talks with the International Monetary Fund (IMF) for a fresh loan of between USD 6 and 8 billion to avert a default for its nearly bankrupt economy, is now preparing a budget for the current financial year that would reflect these contingencies. Islamabad’s coalition government, led by […]

Business

EU election debacle: Macron dissolves French Parliament, announces snap polls

June 10, 2024 virendra pandit 0

Virendra Pandit New Delhi: In a surprise move, President Emmanuel Macron dissolved the National Assembly, the Lower House of France’s Parliament, sending shocked voters back to the snap polls in the coming weeks to choose new lawmakers, after his party was handed a humbling defeat by the far-right in the European Parliament elections on Sunday. […]

Business

Roving Periscope: Modi 3.0 gets going with Canada, the Maldives, and others

June 10, 2024 virendra pandit 0

Virendra Pandit New Delhi: A day after beginning his government’s third straight term, Prime Minister Narendra Modi and his likely External Affairs Minister S. Jaishankar on Monday started refreshing India’s relations with other countries, especially with Canada and the Maldives with whom New Delhi’s bonhomie took a nosedive in the last few months. PM Modi […]

Business

Pakistan: Police claim to foil attacks, arrests 15 alleged “terrorists” in Punjab

June 8, 2024 virendra pandit 0

Virendra Pandit New Delhi: In a country known as the global terror nursery, heavily infested with extremists, militants, and terrorists of all hues—masquerading as “freedom fighters” for various causes—police said it foiled a major attack and arrested 15 alleged terrorists of banned outfits in the Punjab province of Pakistan, the media reported on Saturday. Islamabad […]

Business

The Gaza War: Israel rescues 4 hostages alive, says its army

June 8, 2024 virendra pandit 0

Virendra Pandit New Delhi: Eight months into the ongoing Gaza War since the Hamas invasion of Israel, when the Palestinian terrorist group killed nearly 1,300 Israelis, raped several women, and took over 250 hostages, the Israeli Defense Forces (IDF) said on Saturday that it has, in a rare case, rescued four hostages alive from Hamas […]

Business

Modi 3.0: Indian-Americans to celebrate the swearing-in event in 22 US cities

June 8, 2024 virendra pandit 0

Virendra Pandit New Delhi: Thousands of Indian-Americans, who support Prime Minister-designate Narendra Modi, will celebrate his oath-taking ceremony for a third consecutive term on Sunday across 22 cities in the United States. The Modi supporters will celebrate the event in a big way, a senior leader from Overseas Friends of BJP-USA, said, the media reported […]