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Roving Periscope: After the US, China, and Eurozone, NZ’s economy also slips into recession

June 15, 2023 virendra pandit

Virendra Pandit   New Delhi: After recessionary trends visible in the US, China, and Eurozone, New Zealand has also slipped into recession, threatening world economies to sink into the like of the Great Depression that roiled the planet from 1929 onwards and pushed the globe into the Second World War. The media reported on Thursday […]

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Business

Inflation: India’s WPI declines to a 3-year low of (-) 3.48% in May 2023

June 14, 2023 virendra pandit

Virendra Pandit   New Delhi: As Pakistan battles against a record 38 percent inflation, and so do many other countries, India’s Wholesale Price Index (PI) declined to a three-year low of minus 3.48 percent in May 2023, on easing prices of food, fuel, and manufactured items. The WPI-based inflation rate remained in negative territory for […]

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Business

Technology: India’s Internet-based economy to grow 6-fold to USD 1 trillion by 2030

June 6, 2023 virendra pandit

Virendra Pandit   New Delhi:  As the Indian economy marches ahead, the South Asian country’s Internet-based economy is likely to grow exponentially six-fold to USD 1 trillion by 2030, mainly driven by the e-commerce vertical, a report said on Tuesday. This growth will be led by the B2C e-commerce segment, followed by B2B e-commerce, software-as-a-service […]

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Business

Technology: WHO applauds India’s successful adoption of digital health tech

June 5, 2023 virendra pandit

Virendra Pandit    New Delhi: World Health Organization (WHO) on Monday applauded India’s successful adoption of digital health technologies, saying it can provide lessons for accelerating the progress toward universal health coverage for all countries. It is important to achieve a level-playing field and ensure these technologies are available widely for all countries, Dr. Alain […]

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Business

Food storage: India to develop the world’s largest facility, invest Rs. 1 lakh crore

May 31, 2023 virendra pandit

Virendra Pandit    New Delhi: Amid the disruptions in food supply and high inflation because of the ongoing Russia-Ukraine war increasing food security concerns in several countries, including India, New Delhi has approved the world’s largest foodgrain storage scheme, envisaging an investment of Rs. One trillion (Rs. One lakh crore). Under this plan, every block […]

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Business

Economy: As demand grows, Sri Lanka is to import 1 mn eggs daily from India

May 30, 2023 virendra pandit

Virendra Pandit    New Delhi: A year after it faced its worst-ever economic crisis and declared a default, Sri Lanka has decided to import one million eggs every day from five chicken farms in India as the island country slowly limps back to normalcy, thanks to New Delhi’s timely assistance and a recent IMF bailout […]

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Business

Russia: Belarus President Lukashenko rushed to a Moscow hospital after meeting with Putin

May 29, 2023 virendra pandit

Virendra Pandit   New Delhi: After he met his close ally Vladimir Putin in Moscow, Belarus President Alexander Lukashenko was rushed to a hospital in the Russian capital, the media reported on Monday. An opposition leader in Belarus claimed that the Kremlin poisoned President Lukashenko. Stating that Lukashenko was in critical condition at the Central […]

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Book Review

Multiple Whammy: Amid relentless political turmoil, Pakistan’s economy coming to a grinding halt

May 25, 2023 virendra pandit

Virendra Pandit   New Delhi: Amid continued political uncertainty, the Imran Khan factor, terror attacks on its Afghan borders, threats of a civil war or a military coup, and a bankrupt financial system, an already shattered economy in Pakistan is coming to a near-grinding halt by next month, which may finally force it to announce […]

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Business

Deadlier than Covid-19: WHO warns about the next pandemic

May 24, 2023 virendra pandit

Virendra Pandit   New Delhi: After warning that Covid-19 is far from over—in fact, it is threatening China once again with a new Omicron subvariant, XBB—the World Health Organization (WHO) has warned about the next pandemic “with even deadlier potential” than Covid-19, according to the media reports on Wednesday. When Covid cases are somewhat stabilizing […]

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Business

Covid-19 returns, again: China may witness a new wave, 65 mn infections a week

May 23, 2023 virendra pandit

Virendra Pandit   New Delhi: Barely 20 days after the World Health Organization (WHO) announced that Covid-19 is no longer a public health emergency, China, the epicenter of the pandemic, is bracing for a fresh wave which may peak with 65 million infections per week by June-end. According to a media report on Wednesday, a […]

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