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The Bug Returns: China, the US, Brazil, S. Korea, Japan…back on the Covid-19 map

December 21, 2022 virendra pandit

Virendra Pandit   New Delhi: With India returning to the mask-and-sanitation regime, Covid-19 threatens to overwhelm not only China but also the US, South Korea, Brazil, Japan, and several other countries as their ships and aircraft potentially turn into carriers of the pandemic in the next few weeks, the media reported. With fresh coronavirus waves […]

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Business

Roving Periscope: After ‘Zero Covid’ collapse, China may face 3 killer waves in 3 months

December 21, 2022 virendra pandit

Virendra Pandit   New Delhi: As China’s budget deficit hit a record low of USD 1.1 trillion this year because of the Zero Covid slump, the world’s second-largest economy is now headed to face its worst-ever year in decades—experts have warned of three killer waves of the highly-infectious Omicron’s B.7 variant in the next three […]

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Business

Economy: World Bank slashes Covid-battered China’s growth to 2.7%

December 20, 2022 virendra pandit

Virendra Pandit    New Delhi: The surest sign of what China, the world’s second-largest economy, may face in 2023, came from the World Bank on Tuesday when it slashed its 2022 China growth forecast predicted in June at 4.3 percent to 2.7 percent now. Various reports have suggested that China could be overwhelmed with a […]

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Business

Roving Periscope: Curbs gone, now China may face over two million Covid-19 deaths in 2023

December 20, 2022 virendra pandit

Virendra Pandit   New Delhi: For the first time since 1949, Communist-ruled China briefly became a ‘People’s Republic’ in November when, under extreme pressure because of the widespread protests against the Zero Covid policy across the country, it suddenly lifted brutal tactics to keep the potential and real pandemic victims behind doors. But this has […]

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Business

The Sunrise: India to be a $5-tr economy by FY25, says Gadkari; USD 30 tr by 2047, says Tata Sons chief

December 16, 2022 virendra pandit

Virendra Pandit   New Delhi: Union Road Transport and Highways and MSME Minister Nitin Gadkari on Friday said India, the world’s fastest-growing major economy, is all set to achieve a GDP worth USD 5 trillion by the financial year 2024-25. And Tata Sons Chairman N. Chandrasekaran said India can look forward to becoming a USD […]

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Business

Covid-19: As China’s pandemic numbers go up, economic numbers slide down

December 15, 2022 virendra pandit

Virendra Pandit     New Delhi: China is a classic example of the phrase: ‘You are damned if you do, and you are damned if you don’t!’ Its brutal Zero Covid policy kept the factories closed and people locked at home for weeks and months until protests forced the government to abandon it in November; […]

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Business

Tory Pariwar: Six weeks into office, British PM Rishi Sunak faces a fresh revolt!

December 12, 2022 virendra pandit

Virendra Pandit    New Delhi: A century ago, India was the ‘Jewel in the British Crown.’ In the 2020s, India’s Janata Pariwar experiments in political and economic instability, of the 1970s and 1990s vintage, may have shifted to Great Britain, which currently has an Indian-origin Prime Minister in Rishi Sunak Just six weeks into office, […]

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Business

Roving Periscope: With Finance Track, India starts rolling out year-long G20 meetings

December 12, 2022 virendra pandit

Virendra Pandit   New Delhi: After the inaugural Sherpa Track Meeting of India’s G20 Presidency, held on December 4 at Udaipur, Rajasthan, the first meeting of the Finance Track of the Group involving central bank officials and finance ministry bureaucrats of the member countries, or the Finance and Central Bank Deputies (FCBD), will start in […]

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Defence

Roving Periscope: No Zero Covid policy may now overwhelm China with infections!

December 9, 2022 virendra pandit

Virendra Pandit   New Delhi: After three years of stringent Zero Covid policy, China’s rapid abandonment of mass testing, lockdowns, and centralized quarantine may overwhelm the world’s most populous country with fresh waves of infections, ahead of the Chinese New Lunar Year on January 22, 2023, when millions of holidaying people traditionally migrate within the […]

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Defence

Ukraine: Western sanctions-hit Russia requests India to provide over 500 spare parts

November 29, 2022 virendra pandit

Virendra Pandit   New Delhi: Severely hit because of the West and its allies’ comprehensive sanctions, the invasion of Ukraine which Russia started on February 24 this year is now biting Moscow itself, forcing it to request New Delhi to deliver spare parts for hundreds of products urgently. According to the reports on Tuesday, Russia’s […]

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