Food

Business

Quick commerce: ‘Indians most impatient online shoppers worldwide; want delivery in 2 hours’

July 25, 2023 Vinayak Barot

Virendra Pandit    New Delhi: Many Indians, always in a hurry to catch up with the rest of the world and adapt to novelty, are the most impatient e-commerce shoppers, who want their stuff to be delivered within just two hours, a global survey said. Indians are the world’s most impatient online shoppers, with nearly […]

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Business

INR: Sri Lanka may allow the usage of Indian currency for local transactions

July 22, 2023 Vinayak Barot

Virendra Pandit    New Delhi: A week after Sri Lankan President Ranil Wickremesinghe hinted at it, his Finance Minister Ali Sabry reiterated on Saturday that the island nation is considering the possibility of allowing the usage of the Indian currency for local transactions, just like the dollar, euro, and yen to facilitate Indian tourists and […]

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Business

Roving Periscope: Plunging world in food crisis, Russia exits UN-brokered Ukraine grain deal

July 17, 2023 Vinayak Barot

Virendra Pandit   New Delhi: Pushing many countries into a possible food crisis, Russia on Monday exited the United Nations-brokered Black Sea Agreement that had opened up a passage from the war-ravaged Ukraine for the export of its food grain in July 2022 for a year. Before Russia’s invasion of Ukraine on February 24, 2022, […]

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Business

Roving Periscope: With a fresh IMF breather, cash-strapped Pakistan is relieved for now

July 13, 2023 Vinayak Barot

Virendra Pandit    New Delhi: After months of severe cash crunch, supply crisis, and political uncertainties, Pakistan, where general elections to the National Assembly are due in October 2023, got a breather from the International Monetary Fund (IMF) which transferred a USD 1.2 billion bailout, the media reported on Thursday. A day after the global […]

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Business

Roving Periscope: China opposes, Ukraine waits for NATO expansion

July 12, 2023 Vinayak Barot

Virendra Pandit     New Delhi: As China protested the expansion of the North Atlantic Treaty Organization (NATO) into Asia and the Pacific region, the Western security alliance, mainly focused on Europe, has said it would invite war-torn Ukraine to join it “when conditions are met,” showing its cautious approach so as not to provoke […]

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Business

Roving Periscope: “You saved us… prevented bloodbath,” Sri Lanka tells India

July 8, 2023 virendra pandit

Virendra Pandit New Delhi: Sri Lankan Parliament Speaker Mahinda Yapa Abeywardena on Friday expressed deep gratitude to India, calling it a “trustworthy friend” which saved the island nation and prevented a “bloodbath” during its unprecedented economic crisis in 2022. He said that not a single nation extended that kind of assistance to Colombo as New […]

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Business

Roving Periscope: Pakistan Army has no fuel for tanks; suspends exercises!

July 6, 2023 virendra pandit

Virendra Pandit   New Delhi: Two years after then Pakistan Army chief General Qamar Javed Bajwa admitted that Islamabad cannot go to war against India as its tanks were not in working condition, the bankrupt South Asian country’s troops have also run out of fuel and suspended all military drills and war exercises until the […]

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Business

Economy: India’s growth sustainable, FinMin says, and cautions against headwinds

July 6, 2023 virendra pandit

Virendra Pandit   New Delhi:  Noting that the Indian economy grew by 7.2 percent in 2022-23, especially in its last quarter (January-March 2023), the Finance Ministry on Thursday said the country will continue to register sustained growth in a more durable way than before—but also cautioned about the possible headwinds that could pose major challenges, […]

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Business

Seasonal cycle: In some Indian cities, tomato is far more expensive than apples, and petrol!

July 6, 2023 virendra pandit

Virendra Pandit   New Delhi: The La Nina effect, which extended the onset of the Monsoon season, the Biparjoy cyclone in June, and an extremely hot, humid, and prolonged summer, adversely affected horticulture and floriculture in several Indian states, severely impacting supplies of vegetables and flowers. But tomato took the cake: its high prices in […]

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Business

Cliffhanger: IMF approves Pak’s $3bn loan program; may be considered in two weeks

June 30, 2023 virendra pandit

Virendra Pandit   New Delhi: Almost bankrupt Pakistan, facing a default on July 1, has clinched initial approval from the International Monetary Fund (IMF) for a USD 3 billion loan program, lowering the risk of a sovereign default, the media reported on Friday. The staff-level agreement is subject to approval by the IMF Executive Board, […]

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