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Business

Taming inflation: RBI hikes repo rate by 35 bps to 6.25%, revises GDP growth in FY23 at 6.8%

December 7, 2022 virendra pandit

Mumbai: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday voted by a majority of 5-1 to raise the policy repo rate by 35 basis points, from 5.90 to 6.25 percent, while four of the six committee members persisted with the monetary policy stance of “withdrawal of accommodation.” The MPC’s […]

English

Zero Covid: China relents, eases curbs to contain mass agitation against Xi regime

December 7, 2022 virendra pandit

Virendra Pandit New Delhi: Rattled to the core because of widespread mass agitations against Zero Covid policy and the Communist regime led by President Xi Jinping, China on Wednesday eased many pandemic restrictions, allowed some people to quarantine at home rather than in centralized camps, and scrapped compulsory test requirements to enter most public […]

English

Sri Aurobindo at 150: How he stood against caste discrimination and a more inclusive Hinduism

December 7, 2022 Vinayak Barot

(Written by Guru Prakash Paswan and Sudarshan Ramabadran) Bengal has produced several seminal thinkers who have set up the foundations of our progress as a civilisational nation-state. Celebrating 75 years of Independence this year, India is taking nascent but steady steps towards enabling social cohesion and is contributing to enabling diversity, equity, and inclusion. Ramakrishna […]

Business

G20: India’s digital transformation a beacon of light for emerging economies, says Kant

December 6, 2022 virendra pandit

Virendra Pandit New Delhi: As India began to sketch out the prestigious Group of 20 (G20) events for 2023—Prime Minister Narendra Modi chaired an all-party meeting at the Rashtrapati Bhavan on Tuesday on this matter—New Delhi has said the country’s digital transformation is worth emulation by emerging economies. India’s initiatives in digital public infrastructure—such […]

Business

Roving Periscope: G7’s price-cut to tame Russia half-hearted; India ‘unaffected’

December 6, 2022 virendra pandit

Virendra Pandit New Delhi: As parts of Europe and war-torn Ukraine started freezing in extreme winter amid the ongoing Russian aggression of its neighbor, the Group of Seven (G7) largest economies of the West and Australia imposed a crude price cut trying to bleed Moscow financially, but the latest move is unlikely to impact […]

Business

“Well-positioned”: World Bank upgrades India GDP growth to 6.9% in FY23

December 6, 2022 virendra pandit

Virendra Pandit New Delhi: With only three weeks to go before the next year kicks in, the World Bank on Tuesday forecasted that India’s GDP is expected to grow at a comfortable 6.9 percent in the current financial year (2022-23), unlike many other leading economies struggling to stay afloat in an increasingly uncertain era […]

Business

The layoff season: Amazon may now sack 20,000 worldwide

December 5, 2022 virendra pandit

Virendra Pandit New Delhi: A few weeks ago, Amazon boss Jeff Bezos had warned about a looming global economic recession and urged customers to stop buying what they could postpone and save on money they had. Then, Amazon itself joined Big Tech’s bandwagon to sack many employees and shut down less or not-profitable verticals […]

Business

Roving Periscope: “White Revolution” rattles authoritarian China to the core

December 5, 2022 virendra pandit

Virendra Pandit New Delhi: When Dr. Verghese Kurien launched “Operation Flood” in January 1970, he set in motion the world’s largest dairy development program later known as India’s White Revolution, which empowered millions of milk farmers. In contrast, the ongoing, youth-led “White Revolution” in China has rattled the Communist regime entrenched in the country […]

Business

Adani Green Becomes World’s Largest Wind-Solar Hybrid Power Developer

December 5, 2022 Vinayak Barot

Ahmedabad, 05 December 2022: Adani Green Energy Ltd (AGEL), the renewables arm of the Adani Group, has commissioned its third wind-solar hybrid power plant at Jaisalmer in Rajasthan. The combined operational generation capacity of this newly commissioned hybrid power plant is 450 MW. The plant has Power Purchase Agreements (PPA) with SECI at Rs 2.67/kwh for […]

Defence

Defense: India issues NOTAM for testing very long-range ballistic missile

December 4, 2022 virendra pandit

New Delhi: India has issued Notices To Airmen (NOTAM) for the launch of an experimental flight vehicle in the Bay of Bengal for the period between December 15 and 16, 2022, according to reports on Saturday. The designated area for the NOTAM is 5,400 km in length, which shows it might be a test of […]

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