Food

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Energy terror: Russia weaponizes winter, begins to freeze defiant Ukraine

November 24, 2022 virendra pandit

Virendra Pandit New Delhi: As Russia’s February 24 invasion of Ukraine entered the ninth month on Thursday, it has now weaponized bitter winter to freeze its war-torn neighbor, many of whose areas plunged into darkness amid water, food, and fuel shortages. Now, Russia is likely to tighten the screws on Europe as well. Moscow […]

Business

Ukraine: “It’s the beginning of the war’s end,” says President Zelensky

November 15, 2022 virendra pandit

Virendra Pandit New Delhi: Although Russia has only tactically retreated a part of its armed forces from Kherson it occupied months ago, Ukraine’s President Volodymyr Zelensky, in a surprise visit to the ‘liberated’ area, on Monday exuded confidence that it’s the “beginning of the end of the war.” According to reports, Russia pulled back […]

Business

G20 Summit: India to get 50% of electricity from renewables by 2030, says PM Modi

November 15, 2022 virendra pandit

Virendra Pandit New Delhi: India is pushing ahead with the target of generating 50 percent of its electricity from renewable sources by 2030, Prime Minister Narendra Modi said at the Group of 20 (G20) Summit at Bali, Indonesia, on Tuesday, as he ruled out “any restrictions” on energy supply and stability. The two-day Summit […]

Business

Covid-19: Brutal lockdowns trigger rare protests in China’s Guangzhou City

November 15, 2022 virendra pandit

Virendra Pandit New Delhi: From angry and widespread protests—accompanied by loud slogans like “Let it Rot”, to “Lie Down”—the Chinese people’s frustrations over the brutal implementation of the Zero Covid policy to confine them behind doors, found a vent in violence in Guangzhou City where hundreds of people clashed with police as they marched […]

Business

Population Bomb: As the world now has 8 bn people, India to replace China in 2023

November 15, 2022 virendra pandit

Virendra Pandit New Delhi: It is worrying that Earth now has 8 billion mouths of Homo sapiens to feed when the global climate is collapsing, the world is worried over international conflicts with new war theatres emerging, and the planet is facing a global recession in 2023, with food, fuel, and financing crises looming […]

Business

Price rise: India’s WPI inflation the lowest in 19 months, eases from 10.7% in Sept to 8.39% in Oct

November 14, 2022 virendra pandit

Virendra Pandit New Delhi: While many economies worldwide are fighting soaring inflation, and recessionary trends, India’s annual Wholesale Price-based Inflation (WPI) eased from 10.7 percent in September to 8.39 percent in October to 8.39 percent year-on-year, the lowest since March 2021, because of a fall in commodity prices, the government said on Monday. “Decline […]

Business

Roving Periscope: Putin to skip; Biden, Xi meeting at G20 Summit in Indonesia next week

November 11, 2022 virendra pandit

Virendra Pandit New Delhi: Nearly nine months after Russia’s invasion of Ukraine, amid reports he could be assassinated, President Vladimir Putin will skip the next week’s G-20 meeting in Indonesia, but the US President is all set to meet his Chinese counterpart Xi Jinping. In Beijing, Foreign Ministry spokesperson Zhao Lijian told journalists on […]

Business

Global slowdown: Moody’s slash India’s GDP growth to 7% in 2022

November 11, 2022 virendra pandit

Virendra Pandit New Delhi: In September, Moody’s Investors Service, while retaining India’s sovereign rating at Baa3 with a stable outlook, said that rising challenges to the global economy—the impact of the Russia-Ukraine war, higher inflation, and tightening financial conditions because of the policy tightening—is unlikely to derail the country’s ongoing post-pandemic recovery in 2022 […]

Business

Free rations: Govt extends the PMGKAY scheme until December 2022

September 28, 2022 virendra pandit

New Delhi: The Centre on Wednesday extended by three months its scheme to provide free rations to the poor at a cost of Rs 44,762 crore as it looked to ease pain from inflation, ahead of the upcoming Gujarat elections by December 2022. The central scheme to provide 5 kg of wheat or rice free […]

Business

Grain exports: India defends ban at the WTO

September 22, 2022 virendra pandit

Virendra Pandit New Delhi: India, which had offered to provide food to the world earlier this year but had to backtrack because of projections of depleted crops and climate woes, has defended its ban on the export of wheat and rice. At a World Trade Organization (WTO) meeting last week in Geneva, countries like […]