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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 […]

Business

Roving Periscope: Covid-19 surge forces President Xi to admit challenges ahead

January 2, 2023 virendra pandit

Virendra Pandit New Delhi: Ahead of the scary Lunar New Year on January 22 amid a Covid-19 tsunami across the land, Chinese President Xi Jinping said tough challenges remain in the country’s fight against the pandemic and acknowledged divisions in society that led to rare spontaneous mass protests in November across the land. […]

Business

Roving Periscope: Amid Covid-19 catastrophe, WHO team meets Chinese officials

December 31, 2022 virendra pandit

Virendra Pandit New Delhi: A team of experts from the World Health Organization (WHO) met with Chinese officials on Friday as the Asian country battled its worst-ever health crisis because of an unprecedented outbreak of the scourge this month that has left millions infected and thousands dead. In 2020, when Covid-19 assaulted the world, […]

Business

Roving Periscope: Is China following a ‘scorched earth’ policy on Covid-19?

December 29, 2022 virendra pandit

Virendra Pandit New Delhi: The way it rode the roughshod and stonewalled all attempts to investigate the cases when Covid-19 broke out in 2020, and then across the world, China’s current tactics and strategy have given rise to speculations whether it might be following a ‘scorched earth’ policy— a military strategy that aims to […]

Business

India-Australia FTA: Effective today, trade to triple to $70 bn in 5 years

December 29, 2022 virendra pandit

Virendra Pandit New Delhi: The India-Australia free trade agreement (FTA), which came into effect on Thursday, will help boost bilateral trade in goods and services to cross USD 70 billion in the next five years, an economic think said. The two countries signed the India-Australia Economic Cooperation and Trade Agreement (ECTA) on April 2 this […]

Business

Covid-19: ‘Not one but a cocktail of 4 Omicron variants roiling China’

December 28, 2022 virendra pandit

Virendra Pandit New Delhi: Amid China’s Covid explosion, which has infected millions and killed thousands this month, a top Indian expert said not one but four variants of the highly contagious Omicron strain are roiling the Asian country in its worst-ever health crisis. Dr. NK Arora, who heads the Government of India’s Covid-19 panel, […]

Business

Roving Periscope: Russia retaliates against oil price-cap as war rages on in Ukraine

December 28, 2022 virendra pandit

Virendra Pandit New Delhi: As its ongoing war in Ukraine entered the 10th month, Russia retaliated on Tuesday against a price cap on its oil imposed by western countries, while its rather reluctant armed forces got involved in heavy fighting around the bombed-out ghost town of Bakhmut in eastern Ukraine, the media reported on […]

Business

Extreme weather: ‘Bomb cyclone’ kills 32 in the US as millions freeze in the darkness

December 26, 2022 virendra pandit

Virendra Pandit New Delhi: A relentless and brutal winter storm that brought Christmas chaos to millions of Americans will dissipate only slowly, the US National Weather Service (NWS) said on Monday, after intense snow and frigid cold caused power outages, travel delays, and at least 32 deaths across the eastern part of the country. […]