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Economy: India’s GDP is up, but any hike in crude prices could dent progress

November 6, 2023 Vinayak Barot

Virendra Pandit New Delhi: As rating agency Fitch on Monday upgraded India’s mid-term GDP growth forecast from 5.5 percent earlier to 6.2 percent now, investment banker Morgan Stanley cautioned that any crude price hike above USD 110 per barrel might force the RBI to increase interest rates again. For 2023-24, Fitch said the Indian […]

Business

Roving Periscope: Amid Taliban’s protest and threats, Pak deports 170,000 Afghans

November 6, 2023 Vinayak Barot

Virendra Pandit New Delhi: Islamabad, which is shedding tears over the plight of fellow Muslim Palestinians of the Hamas-ruled Gaza Strip amid its war with Israel, has itself deported nearly 170,000 ‘unregistered’ poor Afghan refugees in about two weeks, despite the Taliban’s threats and approaching winter. The media reports, quoting Pakistan’s border officials, said […]

Business

Testing own medicine: Terrorists attack Pak air force base, damage 3 aircraft, all 9 killed

November 4, 2023 Vinayak Barot

Virendra Pandit New Delhi: As Pakistan forced 1.7 million “illegal” Afghan refugees to flee home this week, supports the Hamas’ brutal attack on Israel, and heads to hold General Elections to the National Assembly in February next year, a little-known terror outfit, Tehreek-e-Jihad Pakistan (TJP) launched a massive attack on a major Pakistan Air […]

Business

Roving Periscope: As Nawaz returns, Afghans flee, Pakistan announces Feb 11 polls

November 2, 2023 Vinayak Barot

Virendra Pandit New Delhi: Days after three-time Prime Minister Mian Mohammed Nawaz Sharif returned home after four years in self-exile in London to try his luck a fourth time, and Islamabad started a crackdown on 1.7 million Afghan refugees to force them out amid Taliban threats, the Election Commission of Pakistan (ECP) on Thursday […]

Business

The Gaza War: Bolivia cuts Israel ties; two more LatAm countries ‘consult’ envoys

November 1, 2023 Vinayak Barot

Virendra Pandit New Delhi: The fallout of the ongoing Hamas-Israel war has not surfaced only in those countries where the Muslims have expressed solidarity with the Palestinian terror groups, taken out massive parades, and pressured their respective governments to favor the Palestinian cause, it has also started sucking in nations far away from the […]

Business

Roving Periscope: Presidents Biden, and Xi to meet in mid-November, says White House

November 1, 2023 Vinayak Barot

Virendra Pandit New Delhi: Amid the 24-day-long Gaza war intensifying and the 20-month-long Russia-Ukraine conflict going nowhere, the Presidents of the world’s two largest economies—Joe Biden of the US and Xi Jinping of China—are meeting in San Francisco this month—in a bid to resolve their differences, including mistrust and trade deficits. The two Presidents […]

Business

Season’s worries: Ahead of Assembly elections, onion prices up, demand down

October 31, 2023 Vinayak Barot

Virendra Pandit New Delhi: It happens almost every year when the gap between two crops shoots the prices up. As five state assemblies go to the polls in the coming weeks, the onion prices have gone through the roof across India in the last 10 days. This price rise has pulled down the bulb’s […]

Business

Energy: Sri Lanka renews Lanka-IOC petroleum license for 20 years

October 30, 2023 Vinayak Barot

Virendra Pandit New Delhi: Sri Lanka has renewed the Lanka-Indian Oil Corporation (LIOC)’s petroleum products license for another 20 years. The Lanka-IOC is the local subsidiary of the IOC in the island nation next door to India. The media reported on Monday that the license, originally issued in 2003, was to expire in January […]

Business

Canada: “Trudeau incompetent…will restore ties with India,” says Oppn chief

October 25, 2023 Vinayak Barot

Virendra Pandit New Delhi: Canada Prime Minister Justin Trudeau is ‘incompetent and unprofessional’, Conservative Party and opposition leader Pierre Poilievre said on Tuesday and vowed to ‘restore relationship with New Delhi’ if he becomes the next PM. “We need a professional relationship with the Indian government. India is the largest democracy on Earth. And it’s […]

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UNSC: India snubs Pak attempts to link Kashmir with Palestine

October 25, 2023 Vinayak Barot

Virendra Pandit New Delhi: India has said it will treat Pakistan’s reference to Kashmir at the United Nations Security Council (UNSC) meeting on the Israel-Gaza conflict with the “contempt it deserves,” and will not dignify it with a response. The remarks by India’s Deputy Permanent Representative at the UN, Ambassador R Ravindra, came on […]