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COVID-19: China expels from Parliament its top vaccine scientist for ‘graft’

April 29, 2024 virendra pandit

Virendra Pandit New Delhi: China’s National People’s Congress (NPC) has expelled the country’s top scientist Yang Xiaoming, who developed the first inactivated COVID-19 vaccine at the height of the pandemic in 2020, from Parliament for alleged corruption. Yang Xiaoming, the chairman of China National Pharmaceutical Group’s vaccine subsidiary China National Biotec Group (CNBG), has been […]

Business

Economy: Without PM Modi’s vision, India won’t be the third-largest economy, says Nirmala

April 29, 2024 virendra pandit

Virendra Pandit New Delhi: Finance Minister Nirmala Sitharaman on Monday said India emerging as the third-largest world economy is not an “arithmetic inevitability” but requires sound efforts and a visionary leader like Prime Minister Narendra Modi to accomplish it. Commenting on Former FM P. Chidambaram’s recent claim that India would, anyway, become the third-largest economy […]

Business

Roving Periscope: Ex-RBI chief Rajan opposes inheritance and wealth taxes

April 29, 2024 virendra pandit

Virendra Pandit New Delhi: While the Indian National Congress’s election manifesto hinted at redistribution of wealth and its overseas arm chief Sam Pitroda has favored levying of inheritance tax—which has spiced up the ongoing campaign for the Lok Sabha campaign–former Reserve Bank of India (RBI) Governor Raghuram Rajan has opposed this idea. In some countries […]

Business

The US elections: Despite the assurance, China seeks to “influence and interfere”

April 27, 2024 virendra pandit

Virendra Pandit New Delhi: US Secretary of State Antony Blinken said on Friday that America has seen “evidence” of Chinese attempts to “influence and arguably interfere” with the upcoming Presidential elections in America—despite Chinese President Xi Jinping’s earlier commitment not to do so. He made these comments in an interview with CNN on Friday while […]

Business

Roving Periscope: ‘You can’t be a CEO in the US if you aren’t an Indian!’

April 27, 2024 virendra pandit

Virendra Pandit New Delhi: More than 20 experts of Indian origin, who studied in the US, are now heading billion-dollar corporations in America, some of them leading the likes of Google, Microsoft, and Starbucks. The nearly 4-million-strong Indian-American community is among the most influential ones in America and both the principal political parties—the Democrats, and […]

Business

Roving Periscope: As in India, professional protestors bring US varsities to a halt

April 26, 2024 virendra pandit

Virendra Pandit New Delhi: Crowds seldom mean supporters. Many do not even know why they are part of a protest—wily professional protest managers selectively exploit and coax the media and the people, to support and join a protest, any protest, even without a cause. Indian Prime Minister Narendra Modi has aptly called them “Aandolanjeevi” (professional […]

Business

First in Asia: With the IMF nod, Sri Lankan law to seize proceeds from crime

April 26, 2024 virendra pandit

Virendra Pandit New Delhi: Limping back to normalcy after the 2022 socio-political-economic upheaval, a cautious Sri Lanka has approved a new law backed by the International Monetary Fund (IMF), allowing the state to seize any proceeds from criminal activities. The Proceeds Of Crime Act (POCA) was proposed as part of efforts under the IMF program […]

Business

Democracy: At Rs. 1,400 per vote, the LS 2024 election to cost Rs. 1.35 trillion

April 26, 2024 virendra pandit

Virendra Pandit New Delhi: The festival of democracy comes with a cost and is often seen as an expensive exercise to keep an elected government in power. The ongoing Lok Sabha 2024 elections in India, spread over 45 days and seven phases between April and June to elect 543 representatives, will be the most expensive […]

Business

Catastrophe: Over 280 mn in 59 countries faced acute hunger in 2023, says FAO

April 25, 2024 virendra pandit

Virendra Pandit New Delhi: Nearly 282 million people in 59 countries suffered from acute hunger in 2023, with war-torn Gaza having the largest number of people facing famine, according to the United Nations “Global Report on Food Crises” released on Wednesday. It said 24 million more people faced an acute lack of food than in […]

Business

Roving Periscope: Worried, the West prepares for Trump’s return to WH!

April 25, 2024 virendra pandit

Virendra Pandit New Delhi: In the first indication ever that Donald Trump may, after all, return to the White House after the November 2024 presidential elections, the allies of the USA are now preparing to ‘meet the situation.’ Germany is waging a charm offensive inside the Republican Party. Japan is lining up its own Trump […]