Political

Business

INR: Sri Lanka may allow the usage of Indian currency for local transactions

July 22, 2023 Vinayak Barot

Virendra Pandit    New Delhi: A week after Sri Lankan President Ranil Wickremesinghe hinted at it, his Finance Minister Ali Sabry reiterated on Saturday that the island nation is considering the possibility of allowing the usage of the Indian currency for local transactions, just like the dollar, euro, and yen to facilitate Indian tourists and […]

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Business

Semiconductors: Foxconn may partner with TSMC and TMH, as Vedanta waits for the government’s nod

July 21, 2023 Vinayak Barot

Virendra Pandit    New Delhi: After calling off its ambitious joint venture (JV) with Anil Agarwal’s Vedanta Group, Taiwanese major Foxconn is likely to partner with some other companies to set up microchip manufacturing units in India to avail of the massive incentives provided by the government, the media reported. For this purpose, Foxconn is […]

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Business

Roving Periscope: Putin to skip BRICS Summit in SA, join only virtually

July 20, 2023 Vinayak Barot

Virendra Pandit    New Delhi: It was already in the air, particularly after the brief mutiny of the Wagner mercenary group last month. Russian President Vladimir Putin, against whom the International Criminal Court (ICC) had issued an arrest warrant in March on the Ukraine issue, will not attend the BRICS Summit in-person next month in […]

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Business

The Qur’an burning: Protesters storm, set afire Swedish embassy in Baghdad

July 20, 2023 Vinayak Barot

Virendra Pandit   New Delhi: A mob of protesters, angered by the burning of copies of The Quran in Sweden on June 28, stormed and set on fire the Swedish embassy in the Iraqi capital on Thursday morning, the media reported. All embassy staff were safe, the Swedish foreign ministry press office said in a […]

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Business

Roving Periscope: “Impossible to try to transform, contain, or encircle China,” claims its top diplomat!

July 19, 2023 Vinayak Barot

Virendra Pandit    New Delhi: Limited wars, incremental annexation of foreign territory, wild claims, empty threats, cartography, hectoring, sermons—these have all been the tools in China’s “diplomacy” for a long time. Amid the escalating US-China tensions on a variety of issues now, lest others forget it, Beijing’s top diplomat has claimed that it is “impossible […]

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Business

Roving Periscope: Adani junks Hindenburg report as a “deliberate attempt to damage the reputation”

July 18, 2023 Vinayak Barot

Virendra Pandit    New Delhi: Reiterating that it was the “combination of targeted misinformation, and discredited allegations, the majority of them dating from 2004 to 2015,” billionaire business tycoon Gautam Adani on Tuesday junked the Hindenburg report published in January 2023. Speaking at the AGM of his group companies, Adani said that on the eve of Republic […]

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Roving Periscope: Plunging world in food crisis, Russia exits UN-brokered Ukraine grain deal

July 17, 2023 Vinayak Barot

Virendra Pandit   New Delhi: Pushing many countries into a possible food crisis, Russia on Monday exited the United Nations-brokered Black Sea Agreement that had opened up a passage from the war-ravaged Ukraine for the export of its food grain in July 2022 for a year. Before Russia’s invasion of Ukraine on February 24, 2022, […]

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Business

NITI Aayog: Over 13.5 crore Indians moved out of poverty in 5 years

July 17, 2023 Vinayak Barot

Virendra Pandit   New Delhi: The National Institution for Transforming India (NITI) Aayog on Monday said over 13.5 crore individuals in the country moved out of multidimensional poverty between 2015-16 and 2019-21. In its latest report, titled “National Multidimensional Poverty Index: A Progress Review 2023”, the Aayog said India has registered a significant decline of […]

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G-20: The US offers cheaper capital and more investments for India’s energy transition

July 17, 2023 Vinayak Barot

Virendra Pandit   Gandhinagar: US Treasury Secretary Janet Yellen said on Monday, in the presence of Finance Minister Nirmala Sitharaman, America could offer cheaper capital and increased private investment to India for its ambitious plans for energy transition. “We look forward to working with India on an investment platform to deliver a lower cost of capital […]

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Business

Pollution: India, France to bolster talks with nations to end the plastic menace

July 15, 2023 Vinayak Barot

Virendra Pandit    New Delhi: India and France will step up their collaboration in combating climate change and in environmental protection, and constructively engage other like-minded countries to strengthen the negotiations for an international legally binding instrument to end plastic pollution. After talks between Prime Minister Narendra Modi and French President Emmanuel Macron in Paris […]

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