virendra pandit

Business

Roving Periscope: China ups defense budget, says it’s lower than America’s

March 5, 2024 virendra pandit 0

Virendra Pandit New Delhi: Amid rising tensions with most of its neighbors, China is set to boost its defense budget this year by 7.2 percent at 1.6 trillion yuan (USD 222 billion), the world’s second-highest after the United States. Releasing the latest budget estimates, Beijing also toughened language against Taiwan, dropping the words “peaceful reunification” […]

Business

Price rise: CMIE’s inflation projections lower than RBI’s

March 4, 2024 virendra pandit 0

Virendra Pandit New Delhi: Contrary to the Reserve Bank of India (RBI)’s projections, the leading economic think tank, the Centre for Monitoring Indian Economy (CMIE), said on Monday the country’s inflation may decline for two years in a row. It is likely to fall to 4.3 percent in 2024-25 from 5.4 percent in 2023-24, which […]

Business

Economy: Moody’s ups India growth forecast to 6.8% for 2024

March 4, 2024 virendra pandit 0

Virendra Pandit New Delhi: Global rating agency Moody’s on Monday raised India’s growth forecast for the 2024 calendar year to 6.8 percent, from 6.1 percent estimated earlier, on the back of ‘stronger-than-expected’ economic data of 2023 and fading global economic headwinds. This forecast came a day after Prime Minister Narendra Modi, exuding confidence in the […]

Business

Roving Periscope: New PM Shehbaz reads the old Pak Army’s Kashmir script, again

March 4, 2024 virendra pandit 0

Virendra Pandit New Delhi: The day Prime Minister Narendra Modi, in the last Cabinet meeting on Sunday, directed the ministers and bureaucrats to draft a 100-day future-ready plan for implementation after his government returns to power in May 2021, his Pakistani counterpart Mian Mohammed Shehbaz Sharif told his past-ready lawmakers that it will be business […]

Business

Roving Periscope: Pakistan rejects US allegations of ‘poll rigging’

March 2, 2024 virendra pandit 0

Virendra Pandit New Delhi: Jailed former Prime Minister Imran Khan has urged the IMF not to sanction any loans to Pakistan without an audit of the just-concluded parliamentary elections. And US lawmakers have requested President Joe Biden and Secretary of State Antony Blinken to refrain from recognizing the Shehbaz Sharif-led coalition government set to be […]

Business

Technology: Google’s Indian app delisting cannot be permitted, says Vaishnaw

March 2, 2024 virendra pandit 0

Virendra Pandit New Delhi: Asserting that the startup ecosystem is key to the rising Indian economy and its fate cannot be left to any technology giant to decide, Union Minister for Information Technology Ashwini Vaishnav on Saturday said Google’s move to delist some Indian apps cannot be permitted. Taking a strong view of Google pulling […]

Business

Madhya Pradesh: Adani Group to invest Rs. 75,000 crore in diverse sectors

March 1, 2024 virendra pandit 0

Virendra Pandit Gandhinagar: The Adani Group will invest about Rs 75,000 crore in Madhya Pradesh in power plants, building the Mahakaal Expressway, and setting up cement grinding units, among other sectors, in the coming years. The apples-to-airport group has already invested almost Rs 18,000 crore in the state and will continue investing in diverse sectors, […]

Business

Roving Periscope: Courtesy his bete noire Nawaz, Zardari to return as President!

March 1, 2024 virendra pandit 0

Virendra Pandit New Delhi: Call it an irony, or a quirk of fate. Mian Mohammed Nawaz Sharif, whose party Pakistan Muslim League-Nawaz (PML-N), had once denounced then President Asif Ali Zardari (2008-13) as “Mr. Ten Percent,” and agitated against his alleged corruption, is now all set to re-install the same person as the Head of […]

Business

Semiconductors: India to have 3 more plants at Rs. 1.26 trillion investment

March 1, 2024 virendra pandit 0

Virendra Pandit New Delhi: With the Union Cabinet, headed by Prime Minister Narendra Modi, approving proposals to set up three more fabrication plants to manufacture semiconductors, key to most of the state-of-the-art technologies, India will soon enter the microchip revolution under the Make in India drive. Two of these new plants will be set up […]

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Business

Economy: India’s GDP grows at 8.4% in Q3FY24; economy to expand at 7.6% in FY24

February 29, 2024 virendra pandit 0

Virendra Pandit New Delhi: India’s economic growth accelerated to 8.4 percent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining quarrying, and construction sectors. The Indian economy recorded a growth of 8.4 percent in the third quarter of this fiscal (October-December 2023), according to data released by the National […]