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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Business

Roving Periscope: After the US, UK supports India’s stand on the Russian-Ukrainian war

September 22, 2022 virendra pandit

Virendra Pandit   New Delhi: After the US, particularly its media, welcomed Prime Minister Narendra Modi’s advice to Russian President Vladimir Putin on Ukraine—that “today’s era is not of war”—the United Kingdom said on Wednesday the Indian leader has a “powerful, influential voice on the world stage.” London hopes Putin listens to voices who are […]

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Business

Roving Periscope: Modi may negotiate ‘honorable’ exit to get war fatigued Russia off the Ukraine hook

September 21, 2022 virendra pandit

Virendra Pandit   New Delhi: Wars are easy to start, but difficult to close—honorably! Amid reports of war fatigue in its seven-month-long Ukraine conflict, death and maiming of an unspecified but many troops, the unwillingness of many fleeing Russian soldiers to continue the invasion ahead of the biting winter from next month, and global diplomacy […]

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Business

Global crisis: “World is in great peril”, UN chief Guterres warns

September 20, 2022 virendra pandit

Virendra Pandit    New Delhi: Expressing deep concern over the problems facing the world since the outbreak of Covid-19 in early 2020, United Nations Secretary-General Antonio Guterres has warned leaders that the world is in “great peril.” He made these remarks ahead of the world leaders’ meeting for the General Debate at the United Nations […]

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Business

Roving Periscope: The US okays $450 mn F-16 plan for starving Pakistan !

September 8, 2022 virendra pandit

Virendra Pandit   New Delhi: Plagued with extreme weather and existential economic crisis, a near-bankrupt Pakistan is crying for international aid, but its ‘frenemy,’ the US, will rearm a crippled Islamabad with a USD 450 million F-16 fighter jet fleet “sustainment program.” It is still unclear if the US has provided any aid to Pakistan […]

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