Global Indians

Business

Union Budget FY25: Defense gets highest priority, allocated over Rs. 6 lakh crore

July 23, 2024 virendra pandit

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Virendra Pandit New Delhi: Given what the first Chief of Defense Staff (CDS), the late General Bipin Rawat, emphasized that India must prepare for a “two-and-a-half front war” (meaning China, Pakistan, and internal challengers), the FY25 Budget has allocated over Rs. 6 lakh crore this year—the highest allocation to any ministry. This is only 1.9 […]

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Business

Union Budget FY25: Modi 3.0 plays safe, tries to please all as key Assembly polls loom

July 23, 2024 virendra pandit

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Virendra Pandit New Delhi: The first full budget of the NDA government for 2024-25 reflects the economic and political compulsion of the Narendra Modi regime—keeping the two key allies (JD-U and TDP) in good humor for political stability, constraints of drawing up plans for the remaining two quarters (October 2024-March 2025), and mopping up resources […]

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Business

Union Budget FY25: “Special aid” for Bihar and Andhra Pradesh

July 23, 2024 virendra pandit

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Virendra Pandit New Delhi: In the first full budget of the NDA government for the financial year 2024-25, tabled in the Lok Sabha on Tuesday, Finance Minister Nirmala Sitharaman announced “special aid” for the Janata Dal (United)-ruled Bihar and Telugu Desam Party- ruled Andhra Pradesh, respectively. Sitharaman announced an allocation of Rs. 26,000 crore for […]

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Business

Business to politics: Before he became Republican, Trump donated to Biden, Harris!

July 22, 2024 virendra pandit

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Virendra Pandit New Delhi: Soon after President Joe Biden decided to hang his boots and back Vice President Kamala Harris as a Democratic hopeful for the November 5 election, interesting details are tumbling out on how the Republican contender, Donald Trump, once used to donate to those he is fighting against now. Grapevine has it […]

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Business

Roving Periscope: Finally, under pressure, Biden quits the race; backs Kamala Devi Harris

July 22, 2024 virendra pandit

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Virendra Pandit New Delhi: Under mounting pressure from within the Democratic Party and without, Joe Biden finally pulled out of his re-election bid on Sunday and backed his deputy, Vice President Kamala Devi Harris, for the US Presidential elections scheduled for November 5, 2024. Former President Donald Trump, the Republican candidate, believes that Harris would […]

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Business

Economic Survey: India predicts 6.5 to 7% GDP growth in FY25

July 22, 2024 virendra pandit

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Virendra Pandit New Delhi: Asserting that inflation is under control and the Indian economy is on a strong footing, the Economic Survey 2023-24 on Monday highlighted the Narendra Modi government’s thrust on capital expenditure (capex), and said the sustained momentum in private investment has boosted capital formation growth. The survey, which Finance Minister Nirmala Sitharaman […]

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Business

Investments: Ahead of FY25 Budget, Goyal invites diaspora to invest in India’s bright future

July 20, 2024 virendra pandit

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Virendra Pandit New Delhi: Emphasizing India’s relentless growth potential, Union Minister for Commerce and Industry Piyush Goyal on Saturday invited Indian-Americans and diaspora elsewhere to invest in India’s stock market, bond market, and other financial instruments. Virtually interacting with the Indian-Americans, three days ahead of Finance Minister Nirmala Sitharaman presenting the full Budget for 2024-25 […]

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Business

Bangladesh: After 100+ deaths, PM Hasina cancels foreign visits as anti-quota stir intensifies

July 20, 2024 virendra pandit

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Virendra Pandit New Delhi: Of the over 5,000 Indian students in Bangladesh, 1,000 have returned home while 4,000 are still stuck in the riot-torn neighboring country struggling to control violent anti-reservation agitation, that has claimed over 100 lives this week and forced Prime Minister Sheikh Hasina Wazed to cancel her foreign visits. PM Hasina was […]

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Business

IT: Microsoft outage causes havoc worldwide for 12 hours

July 19, 2024 virendra pandit

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Virendra Pandit New Delhi: A software update caused one of the world’s biggest information technology blackouts on Friday, severely affecting industries ranging from banks, stock markets, airlines, etc for about 12 hours. A Microsoft operating system outage hit IT systems globally at 6 pm EST on July 18. Several hospitals, police stations, airlines, and media […]

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Business

Roving Periscope: After Pelosi, Obama also drops Biden; Democrats may force him to quit

July 19, 2024 virendra pandit

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Virendra Pandit New Delhi: After former Speaker Nancy Pelone, even ex-President Barack Obama has pulled the plug: Joe Biden, 82, may be forced to renounce his candidature for a second term in the White House as pressure mounted on the fast-aging US President, 82, who is still making last-ditch efforts to secure the Democratic Party’s […]

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