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Roving Periscope: Now, even Raghuram Rajan slams UPA govt for NPAs; praises Jaitley

December 21, 2024 revoi editor

Virendra Pandit New Delhi: In the ongoing season of discontent against India’s Grand Old Party (GOP), even former RBI Governor Raghuram Rajan, known for his proximity to the Congress leadership, has slammed the UPA government (2004-14) for corruption and mounting debts, and applauded the next Finance Minister Arun Jaitley for endorsing clean-up measures in […]

Business

Roving Periscope: Open to Ukraine talks, compromise with Trump, Putin says

December 20, 2024 revoi editor

Virendra Pandit New Delhi: Already war-fatigued and with the universal law of diminishing returns making his own stay in power vulnerable, Russian President Vladimir Putin is likely to climb down on Ukraine and make a ‘compromise’ after a potential meeting with Donald Trump, whose second non-consecutive term as the 47th US President will begin […]

Business

Remittances: India tops the world with a $129 billion inflow in 2024

December 19, 2024 revoi editor

Virendra Pandit New Delhi: With an estimated inflow of remittances worth USD 129 billion in 2024, India has topped the world, the World Bank said on Thursday. The growth rate of remittances this year is estimated to be 5.8 percent, compared to 1.2 percent in 2023, the media reported. India was the topmost recipient […]

Business

Markets: Post-US Fed rate cuts, global, Indian stocks sink more than 1%

December 19, 2024 revoi editor

Virendra Pandit New Delhi: With the US Federal Reserve cutting its benchmark interest rates by 25 basis points on Wednesday, to a target range of 4.25 to 4.50 percent, several stocks in global markets sank on Thursday, with Sensex and Nifty shares losing 1.2 and 1.02 percent of their values in India. Amid the […]

Business

Growth: Indian economy to grow 6.6% in FY26, says Ind-Ra

December 18, 2024 revoi editor

Virendra Pandit New Delhi: Driven by fresh investments and likely easing interest rates, India will grow at a 6.6 percent rate in the next financial year, 2025-26, a leading rating agency said on Wednesday. The Indian economy has witnessed a cyclical growth slowdown in the past three quarters this year, which it expects to […]

Business

Roving Periscope: China smiles at India, and captures Bhutan’s territory!

December 18, 2024 revoi editor

Virendra Pandit New Delhi: Even as India’s National Security Advisor (NSA) Ajit Doval is in Beijing for the 23rd round of bilateral talks on the Sino-Indian border issues, reports stated that China has captured two percent of Bhutan’s territory and established at least 22 villages and settlements there since 2016. This territory has been […]

Business

Europe: After the UK and France, Germany may also witness a ‘regime change’

December 17, 2024 revoi editor

Virendra Pandit New Delhi: Ensconced in their revolving chairs, many politicians do not realize how unpopular they have become. Misconstruing public silence as popular support, they often try to extend their stay in power—and bite the dust. The electors wait to give a fast spin to their chairs! That’s what happened when the then […]

Business

Roving Periscope: Ungrateful, B’deshi politicians claim victory in the 1971 war!

December 17, 2024 revoi editor

Virendra Pandit New Delhi: Itching to return to their East Pakistan era, Bangladesh’s ungrateful politicians, now part of the ruling Islamist-military nexus, have claimed that their country, not India, defeated Islamabad in the 1971 war that liberated Dhaka. Their claims came, even though more than 93,000 Pakistani soldiers abjectly surrendered before the Indian Army […]

Business

Markets: Ahead of Trump 2.0 era and US Fed’s meeting, Indian stocks plunge over 1%

December 17, 2024 revoi editor

Virendra Pandit New Delhi: Amid uncertainties in war zones of the Middle East and Ukraine, investors braced for the upcoming US Federal Reserve’s monetary policy meeting for clues on its future interest rates cut path, ahead of next month’s inauguration of the Trump 2.0 era, Indian stocks plunged on Tuesday, with benchmark BSE Sensex […]

Business

Bangladesh: Elections likely in late 2025 or early 2026, says Yunus

December 16, 2024 revoi editor

Virendra Pandit New Delhi: With only 35 days remaining before Republican leader Donald Trump re-enters the White House as the 47th President on January 20, 2025, and potentially tightens the screws on it for Hindu-bashing, as he has publicly pledged, a harried Bangladesh is now trying to flatter the United States, while still sharpening […]