Political

Business

2047: India to be a $34.7 trillion economy, with a per capita income of $21,000

April 18, 2024 virendra pandit

Virendra Pandit New Delhi: The Indian economy in 2047, when the South Asian country celebrates its Independence from the British Raj, will attain the size of USD 34.7 trillion, with a per capita income of USD 21,000. Industry body PHD Chamber of Commerce and Industry (PHDCCI) said in a report that the country’s economy is […]

Business

The Maldives: India imposes port restrictions for export of essential commodities

April 16, 2024 virendra pandit

Virendra Pandit New Delhi: Amid volatile bilateral relations with the Maldives, India on Tuesday imposed port restrictions on the export of essential commodities to the island nation in the Indian Ocean which has earned China’s friendship and debt-trap but lost India’s tourists and goodwill in the last six months. According to a notification issued by […]

Business

Roving Periscope: How UPA govt tried to make the RBI its cheerleader?

April 16, 2024 virendra pandit

Virendra Pandit New Delhi: Former Reserve Bank of India (RBI) Governor D. Subbarao’s recent memoirs have exposed the UPA government’s alleged pressure during his tenure (2008-13) on the central bank to paint a rosier picture of its performance. His book arrived when his successor, the former RBI chief Raghuram Rajan, was under attack in some […]

Business

Roving Periscope: Uncertainties force Iran and Israel to hold their horses

April 15, 2024 virendra pandit

Virendra Pandit New Delhi: Israel attacked the Syrian capital Damascus on April 1, killing some Iranian soldiers, including a general. Iran warned the US to keep off. Washington asked Israel to go slow on Iran and also gave Jerusalem an “ironclad” guarantee. Iran attacked Israel on Saturday last week…but not as fiercely as many feared. […]

Business

Monsoon: Above-normal rainfall likely this year, says IMD

April 15, 2024 virendra pandit

Virendra Pandit New Delhi: A week after private weather forecaster Skymet predicted normal rains this year, India Meteorological Department (IMD) on Monday announced that the country is likely to receive above-normal cumulative rainfall in the 2024 monsoon season with La Nina conditions expected to set in by August-September. However, normal cumulative rainfall does not guarantee […]

Business

Pakistan: Broke Islamist country has the highest cost of living in Asia

April 13, 2024 virendra pandit

Virendra Pandit New Delhi: With a whopping 25 percent inflation rate—lower now, because it was nearly 40 percent last year!—a nearly bankrupt Pakistan has the highest living cost in Asia and its economy may grow at the fourth lowest pace of 1.9 percent in the South Asian region. According to a new Asian Development Bank […]

Business

Security: Terrorists follow no rules, so India’s response can’t have rules, says EAM

April 13, 2024 virendra pandit

Virendra Pandit New Delhi: External Affairs Minister S. Jaishankar has asserted that since terrorists do not play by rules, there cannot be any rules in India’s answer to them. India is committed to responding to any act of terrorism perpetrated from across the borders, he said in Pune on Friday. Attacking the United Progressive Alliance […]

Business

Plastic Overshoot Day: India among 12 nations ‘mismanaging’ waste

April 12, 2024 virendra pandit

Virendra Pandit New Delhi: Although the fast-developing India’s per capita plastic waste production is among the lowest in the world, it is among the 12 countries responsible for 60 percent of the planet’s mismanaged plastic waste, the media reported on Friday. The “Plastic Overshoot Day” report by Swiss non-profit EA Earth Action also said global […]

Business

Real Estate: With over 42% Indians urbanites in 10 years, property sector to be worth USD 1.5 trillion

April 12, 2024 virendra pandit

Virendra Pandit New Delhi: With India urbanizing at a breakneck speed, its real estate sector will be worth USD 1.5 trillion by 2034, growing three-fold from USD 482 billion now, a media report, quoting a sectoral study, said on Friday. The sector’s share in India’s economic output is likely to rise to 10.5 percent in […]

Business

Roving Periscope: The Mideast on edge as Iran, and Israel brace for ‘Armageddon’

April 12, 2024 virendra pandit

Virendra Pandit New Delhi: Israel’s seven-month-long attempts to suck Iran directly into the conflict against Hamas, Houthi, and Hezbollah—the Tehran-supported terror outfits—and the Ayatollahs-run regime’s efforts to avoid exactly that may now have to come to a tipping point. The Middle East is on the verge of a wider conflagration between a nuclear power—Iran—and a […]