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Economy: Better than many other countries, India to end 2024 on a positive note

December 16, 2024 revoi editor

Virendra Pandit New Delhi: The India Story continues… Despite a few downs, the Indian economy is ending 2024 on a positive note, with the Wholesale Price Index (WPI) easing to a three-month low in November, prices cooling, and business growth reaching a four-month high, the media reported on Monday. Government data showed on Monday […]

Business

Agriculture: For small farmers, RBI raises the collateral-free loan limit to Rs. 2 lakh

December 14, 2024 revoi editor

Virendra Pandit New Delhi: The Reserve Bank of India (RBI) has enhanced the collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh, effective January 1, 2025, ahead of the next crop season, the media reported on Saturday. This important move will bring relief to small and marginal farmers amid rising […]

Business

Inflation: CPI-based retail inflation was down to 5.48% in Nov

December 12, 2024 revoi editor

Virendra Pandit New Delhi: The Consumer Price Index (CPI)-based retail inflation slowed down to 5.48 percent in November from a 14-month high of 6.21 percent in October, data released by the Union Ministry of Statistics and Programme Implementation (MoSPI) said on Thursday, indicating persistent price pressures across sectors. The media reported that the data […]

Business

Trade & tariff war: Trump greets Trudeau, again, as the “Governor” of Canada!

December 10, 2024 revoi editor

Virendra Pandit New Delhi: Is President-elect Donald Trump setting in motion a move to ‘annex’ Canada as the United States’ 51st state, and appointing its vulnerable Canadian Prime Minister Justin Trudeau as the “Governor?” Or is he pressuring an embattled Trudeau to sign on the dotted lines to the fresh US conditions on trade […]

Business

Benefits of digitalization: Drive removes 58 million fake ration cards from PDS

November 20, 2024 revoi editor

Virendra Pandit New Delhi: India’s massive digitization push has transformed the South Asian country’s Public Distribution System (PDS), setting new benchmarks for food security programs globally, the Union Food Ministry said on Wednesday. The overhaul of the PDS, which serves 80.6 crore beneficiaries, has led to the removal of 5.8 crore fake ration cards […]

Business

Law and order: Pakistan is the world’s “third worst” country, says WJP

October 26, 2024 revoi editor

Virendra Pandit New Delhi: In a dubious distinction, the World Justice Project (WJP) has ranked Pakistan at number 140, as the “third-worst” nation in terms of law and order, among the 142 countries surveyed. Mali and Nigeria are the only countries ranked lower than Pakistan in terms of law and security. The WJP Rule […]

Business

Roving Periscope: As the Saudis warn it against beggars, Pakistan gets a fresh IMF lifeline of $7bn

September 26, 2024 revoi editor

Virendra Pandit New Delhi: A day after Saudi Arabia warned Pakistan against sending beggars in the guise of pilgrims, the pauperized country was happy on Thursday when the International Monetary Fund (IMF) extended yet another lifeline, approving a long-awaited USD 7 billion bailout deal for its ‘bowling’ economy. On Tuesday, an angry Jeddah asked […]

Business

Foodgrain: India produced a record 322.22 million tonnes in the 2023-24 production season

September 25, 2024 revoi editor

Virendra Pandit New Delhi: India’s foodgrain production in 2023-24 hit a record 332.22 million metric tonnes in the production year ended June 2024, the media reported on Wednesday. It was driven by bumper wheat and rice output, the Union Agriculture Ministry said in a statement. The final estimate for 2023-24 shows an increase of […]

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

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, […]