Political

Business

Economy: After the IMF, ADB keeps India’s GDP growth at 7% in FY25

July 17, 2024 virendra pandit

Virendra Pandit New Delhi: After the International Monetary Fund (IMF) projected India’s GDP growth for 2024-25 at 7 percent, the Asian Development Bank (ADB) also on Wednesday kept the country’s growth projection unchanged at 7 percent, citing robust expansion in the industrial sector and strong demand in construction led by housing. “The stronger-than-expected fiscal position […]

Business

US polls: “I’m old but only 3 years older than Trump,” says fast-aging President Biden

July 16, 2024 virendra pandit

Virendra Pandit New Delhi: Trying to catch up with an energetic Donald Trump, who bounced back into the poll arena barely hours after surviving an assassination bid last Saturday, President Joe Biden tried to justify his insistence to contest the November polls—despite several Democrat leaders’ strong opposition—saying that “I am only 3 years older than […]

Business

Pakistan: Islamabad to ban Imran’s PTI for “anti-state” activities

July 15, 2024 virendra pandit

Virendra Pandit New Delhi: The Pakistan Government on Monday announced the imposition of a ban on jailed former Prime Minister Imran Ahmed Khan Niazi’s political outfit, Pakistan Tehreek-i-Insaaf (PTI), for its alleged “anti-state” activities. Sensing that, despite the months-long crackdown, PTI remains defiant and the largest political outfit in the country and the National Assembly, […]

Business

Roving Periscope: Biden’s gaffes, bid on Trump’s life show the US’ democratic decay

July 15, 2024 virendra pandit

Virendra Pandit New Delhi: More than US President Joe Biden, 81, or his challenger Donald Trump, 78, Thomas Matthews Crooks, the 20-year-old whom the US Secret Service personnel killed instantly after his failed attempt to assassinate the former President on Saturday last weekend, shows how politically divided America is and its democracy is faltering. The […]

Business

IMF: Pakistan clinches a $ 7 billion deal to keep the nose above surging waters

July 13, 2024 virendra pandit

Virendra Pandit New Delhi: Pakistan and the International Monetary Fund (IMF) have reached an agreement for a USD 7 billion aid package spread over 37 months to help the nearly bankrupt and terror-infested unstable country deal with its chronic economic woes, the media reported on Saturday. “Building on the economic stability achieved under the 2023 […]

Business

Economy: India can become 2nd largest in 2031, Number One in 2060

July 13, 2024 virendra pandit

Virendra Pandit New Delhi: India is likely to become the world’s largest economy in 2031 and the largest by 2060, according to Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI). It is conceivable that India can become the world’s second-largest economy by 2031 and the largest economy by 2060, given the country’s inherent […]

Business

Gaza: Argentina supports Israel, declares Hamas a terrorist outfit

July 13, 2024 virendra pandit

Virendra Pandit New Delhi: Supporting Israel amid its more than nine-month-long ongoing war against the Gazans, the South American nation Argentina on Friday designated Hamas as a terrorist organization. Buenos Aires also ordered a freeze on the financial assets of the Palestinian group, a largely symbolic move as President Javier Milei seeks to align Argentina […]

Business

Roving Periscope: ‘Upset,’ B’desh PM Hasina cuts short China visit, returns

July 13, 2024 virendra pandit

Virendra Pandit New Delhi: Feeling ‘cheated,’ an ‘upset’ Bangladesh Prime Minister Sheikh Hasina Wazed cut short her four-day China visit by a day and returned home on Wednesday, the media reported on Saturday. Beijing reportedly promised Dhaka USD 5 billion in loan assistance before her much-publicized visit. But it provided only USD 137 million. However, […]

Business

BRICS: Putin moots the group’s own parliament!

July 12, 2024 virendra pandit

Virendra Pandit New Delhi: The emerging top economies’ group—Brazil, Russia, India, China, and South Africa, or BRICS—could establish their own parliament in the future, Russian President Vladimir Putin said on Thursday. He might have taken a cue from the European Parliament, founded in March 1958, but the BRICS Parliament, if and when it becomes a […]

Business

Energy: Essar to set up Europe’s first hydrogen-ready power plant in the UK

July 12, 2024 virendra pandit

Virendra Pandit New Delhi: In a significant development in the energy sector, Essar Energy Transition (EET) on Friday announced the setting up of Europe’s first hydrogen-ready combined heat and power plant (CHP) at its Stanlow refinery in Ellesmere Port in the United Kingdom. The power plant is a key part of EET’s overall USD 3 […]