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Economy: Pakistan’s debt servicing cost may go up to PKR 8.5 trillion

November 7, 2023 Vinayak Barot

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Virendra Pandit   New Delhi: Nearly bankrupt, Pakistan has informed the International Monetary Fund (IMF) that its debt servicing costs may go up to PKR 8.5 trillion in the current financial year and that efforts are being made to lower this projection through adjustments in debt maturity profiles. A substantial portion of this debt is […]

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Business

Roving Periscope: Hamas ‘predicts’ the USA’s Soviet-type collapse!

November 4, 2023 Vinayak Barot

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Virendra Pandit   New Delhi: As Israel relentlessly encircled Gaza City in the northern Gaza Strip, killing many and wounding even more people, the Hamas terror outfit ‘predicted’ that the USA, the chief supporter of the Jewish state, would “collapse just like the USSR”, at a time US Secretary of State Antony Blinken returned to […]

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Business

The Gaza War: As Israel penetrates deeper, the UN warns of a humanitarian catastrophe

October 31, 2023 Vinayak Barot

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Virendra Pandit   New Delhi: As Israel penetrated deeper into the Gaza Strip and the death toll mounted amid wanton destruction, the United Nations has warned that “an immediate ceasefire has become a matter of life and death for millions” of the Palestinians. Philip Lazzarini, who heads the UN agency for the Palestinian refugees, briefed […]

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Business

Energy: Sri Lanka renews Lanka-IOC petroleum license for 20 years

October 30, 2023 Vinayak Barot

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Virendra Pandit   New Delhi: Sri Lanka has renewed the Lanka-Indian Oil Corporation (LIOC)’s petroleum products license for another 20 years. The Lanka-IOC is the local subsidiary of the IOC in the island nation next door to India. The media reported on Monday that the license, originally issued in 2003, was to expire in January […]

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Business

Electricity: ‘By 2050, India’s ACs would consume more power than entire Africa’

October 24, 2023 Vinayak Barot

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Virendra Pandit   New Delhi: India is geographically larger than Europe, minus Russia’s European part, and the British called the South Asian country a ‘subcontinent.’ By 2050, however, the air-conditioners installed in a rising India will alone consume more electricity than an entire continent—Africa—will do. India’s demand for electricity for running household air conditioners is […]

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Business

Roving Periscope: Hamas releases 2 American captives as aid starts flowing in from Egypt

October 21, 2023 Vinayak Barot

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Virendra Pandit    New Delhi: Before launching a massive ground attack into the Gaza Strip, Israel is still giving a long rope to Hamas, which released two American hostages as hundreds of thousands of Gazans anxiously waited for their turn to get the much-need humanitarian aid that started flowing in from Egypt on Saturday. The […]

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Business

Roving Periscope: After Biden fails, British PM Sunak tries to contain Hamas conflgration in Arab world

October 20, 2023 Vinayak Barot

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Virendra Pandit    New Delhi: After the hospital blast this week, which allegedly killed some 500 people in Gaza and enraged the Muslims the world over, the Palestinians claimed on Friday that several people died in a mosque targeted by Israel, which awaited the most opportune moment to push its ground assault into the Gaza […]

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Business

Roving Periscope: As British PM Sunak visits, Israel pauses, allows aid, and gives a long rope to Hamas

October 19, 2023 Vinayak Barot

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Virendra Pandit    New Delhi: After pounding the Gaza Strip for nearly two weeks and amassing troops and weapons in an eyeball-to-eyeball confrontation, Israel might be giving a long rope to the Hamas terror group to make its next move, as Tel Aviv allowed limited aid from the Egyptian border to flow into the war-ravaged […]

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Business

Roving Periscope: Hospital blast kills over 500 in Gaza; Biden’s Jordan meet with Arab leaders called off

October 18, 2023 Vinayak Barot

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Virendra Pandit    New Delhi: After a mysterious blast, that killed over 500 people in a Gaza hospital overnight and Hamas and Israel blamed each other for, US President Joe Biden landed in Tel Aviv on Wednesday morning, surprised that his proposed meeting with Arab leaders in Jordan later in the day has been canceled […]

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Business

Roving Periscope: President Biden to visit Israel, Jordan on Wednesday to contain Hamas inferno

October 17, 2023 Vinayak Barot

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Virendra Pandit    New Delhi: With a grievously bruised Israel determined to annihilate Hamas, and level to the ground its stronghold Gaza Strip— and US Secretary of State Antony Blinken’s whirlwind shuttle diplomacy to prevent a conflagration in the Middle East yielding little, a worried US President Joe Biden is visiting the Jewish state on […]

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