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Economy: US Fed rate cut may have muted impact on India, says CEA Nageswaran

September 19, 2024 virendra pandit

Virendra Pandit New Delhi: The impact of the US Federal Reserve’s rate cut might be muted in India as much of it was already priced in, Chief Economic Advisor V Anantha Nageswaran said on Thursday. The US Federal Open Market Committee on Wednesday voted to cut the federal funds rate target range by 50 basis […]

Business

Roving Periscope: MS chief warns of ‘foreign interference’ on eve of US polls

September 19, 2024 virendra pandit

Virendra Pandit New Delhi: Amid this year’s Lok Sabha elections, Prime Minister Narendra Modi had, in a TV interview, disclosed that some ‘foreigners’ were not only ‘interested’ in the Indian parliamentary elections but also ‘interfering’ in it. Now, Microsoft Corporation’s President Brad Smith has warned of possible meddling by foreign state actors in the final […]

Business

Lebanon terror: Israel’s Mossad planted 3 gm of explosives in each pager, says report

September 18, 2024 virendra pandit

Virendra Pandit New Delhi: Although no person, institution, or country has yet claimed responsibility for the series of fresh terror attacks in Lebanon, some media reports suggested that Israel’s Mossad spy agency allegedly hid three grams of explosives inside hundreds of pagers ordered by the Iran-supported terror group Hezbollah months before Tuesday’s mass detonations. The […]

Business

Roving Periscope: The UN accuses Myanmar’s junta of ‘mass killings, torture’

September 18, 2024 virendra pandit

Virendra Pandit New Delhi: The United Nations (UN) has accused China-supported Myanmar’s ruling military junta of killing thousands of civilians and subjecting many more to torture and neglect in prisons since the February 2021 coup, the media reported. Min Aung Hlaing, the Burmese army general, has ruled Myanmar as the chairman of the State Administration […]

Business

The POTUS poll: Donald Trump says he will meet PM Modi in the US next week

September 18, 2024 virendra pandit

Virendra Pandit New Delhi: With less than 50 days remaining for the high-stakes presidential elections in the US, former President Donald Trump, the Republican nominee, will meet the visiting Indian Prime Minister Narendra Modi next week. The meeting between the two leaders, unreported until Trump’s announcement at an event on Tuesday in Flint, Michigan, highlights […]

Business

Economy: The size of the Indian economy may double by 2030, says NITI Aayog CEO

September 18, 2024 virendra pandit

Virendra Pandit New Delhi: India has the potential to double the size of its economy by 2030, NITI Aayog CEO BVR Subrahmanya emphasized on Wednesday. Addressing an event organized by the Public Affairs Forum of India (PAFI), he said climate change is a big opportunity for India to become a leader in climate-related technologies, the […]

Business

Good news? ADB to give $ 2bn annually as fresh loans to Pakistan!

September 17, 2024 virendra pandit

Virendra Pandit New Delhi: A nearly bankrupt and failing state, Pakistan, woke up on Tuesday to a piece of news it didn’t know if it was good or bad for national honor: the Manila-based Asian Development Bank (ADB) has assured Islamabad that it would get USD 2 billion per annum, as fresh loans, every year, […]

Business

States: West Bengal’s economy declined from the early 1960s

September 17, 2024 virendra pandit

Virendra Pandit New Delhi: West Bengal, which held the third-largest share of national GDP at 10.5 percent in 1960-61, now accounts for only 5.6 percent in 2023-24, and has seen a consistent decline throughout this period, a government report has said. The state, whose largest city Calcutta (now Kolkata) was the British Raj’s capital in […]

Business

Roving Periscope: “Bullets are flying, and it will only get worse,” says Trump as he blames Biden and Harris

September 17, 2024 virendra pandit

Virendra Pandit New Delhi: After the second assassination attempt on Donald Trump’s life on Sunday, US President Joe Biden held a “cordial” phone call with his predecessor and the Republican Party’s nominee who is trying to reoccupy the White House after the November 5 presidential election, the media reported. The phone call on Monday came […]

Business

Roving Periscope: Trump survives another assassination attempt; one held

September 16, 2024 virendra pandit

Virendra Pandit New Delhi: Ahead of the high-profile presidential election on November 5, now barely 50 days away, and nearly nine weeks after the first attempt on his life, Republican nominee Donald Trump survived another assassination attempt at a Florida golf club on Sunday, the media reported. Trump was the target on Sunday of “what […]