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WEF: India, B’Desh may benefit in likely global recession in 2023

January 16, 2023 virendra pandit

Virendra Pandit New Delhi: A global recession is likely this year but India and Bangladesh may benefit from global trends, the World Economic Forum (WEF) said on Monday. Pressures on food, energy, and inflation may peak in 2023, the WEF, in its Chief Economists Outlook Survey, said, according to the media reports. Some economies […]

Business

Covid explosion: Finally, China admits 60,000 deaths in a month!

January 16, 2023 virendra pandit

Virendra Pandit New Delhi: A week before the worried Chinese celebrate their Lunar New Year on January 22, and amid hundreds of millions of people crisscrossing China for this 40-day-long event, Beijing, on Saturday last weekend, admitted witnessing almost 60,000 Covid-related deaths in a month, as the tides of deadly infections swept the country. […]

Business

Roving Periscope: ‘One percent of Indians own over 40% of the country’s wealth’

January 16, 2023 virendra pandit

Virendra Pandit New Delhi: The wealthiest one percent of people in India now own more than 40 percent of the country’s total wealth, while the bottom half of the population together share just 3 percent of the wealth, the media reported on Monday. Releasing the India supplement of its annual inequality report on the […]

Business

Roving Periscope: World braces for the worst as 900 mn Chinese now Covid-infected

January 14, 2023 virendra pandit

Virendra Pandit New Delhi: With the internal migration of hundreds of millions of Chinese beginning on January 7 for the Lunar New Year on January 22-23, over 900 million people in the Asian country are estimated to have already contracted infections because of the fresh resurgence of Covid-19 pandemic, the media reported on Saturday. […]

Business

Global South: PM Modi advocates ‘equivalent voice’ at all forums

January 12, 2023 virendra pandit

Virendra Pandit New Delhi: Advocating an ‘equivalent voice’ for the countries of Global South on all international forums, Prime Minister Narendra Modi on Thursday said the voice of these countries and their priorities are also that of India. Addressing the inaugural leaders’ session of the “Voice of Global South: For human-centric development,” through video-conferencing, he […]

Business

Global economy: World Bank slashes growth forecasts to just 1.7% in 2023

January 11, 2023 virendra pandit

Virendra Pandit New Delhi: Painting a gloomy picture for 2023, the World Bank has slashed its growth forecasts for most countries and regions, and warned that new adverse shocks could tip the global economy into a recession. Global GDP will probably increase only 1.7 percent this year, about half the pace forecast in June 2022, […]

Business

Roving Periscope: ‘No safe limit for alcohol drinking’, says WHO

January 11, 2023 virendra pandit

Virendra Pandit New Delhi: Ten days after the New Year, 2023, kicked off—when liquor consumption worldwide is reported to be the maximum in a year—the World Health Organization (WHO) has said drinking alcohol is risky and there is no safe limit for its consumption for health. At least 200 million people in Europe alone […]

Business

The $9 bn lifeline: Emboldened, bankrupt Pak may now spike terror attacks in India

January 10, 2023 virendra pandit

Virendra Pandit New Delhi: With donors assuring a USD 9 billion lifeline to rescue the sinking economy of a failed Pakistan, an emboldened Islamabad may multiply terrorist attacks on India to divert its hungry people’s attention from the internal Taliban challenge to revanchist agenda in Jammu and Kashmir in the next few weeks. Bankrupt […]

Business

Clean energy: India approves an Rs.19.7 k crore mission for green hydrogen

January 4, 2023 virendra pandit

Virendra Pandit New Delhi: In a significant development, the Government of India on Wednesday approved the National Green Hydrogen Mission (NGHM) with an initial outlay of Rs 19,744 crore, aiming to make the country a global hub for manufacturing this clean source of energy. Prime Minister Narendra Modi launched this Mission on August 15, 2021, […]

Business

Global economy: Recession will hit a third of the world in 2023, warns IMF chief

January 3, 2023 virendra pandit

Virendra Pandit New Delhi: Warning that the global economy would face a tougher year in 2023 than the previous year, International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said a third of the world would be hit hard. For much of the global economy, 2023 is going to be a tough year as […]