Political

Business

Clean energy: World Bank approves $ 1.5 bn for India’s transition from fossil fuels

June 30, 2023 virendra pandit

Virendra Pandit   New Delhi: The World Bank on Friday announced it has approved a USD 1.5 billion (Rs. 12,500 crores) financing for India’s transition to clean energy, envisaging scaling up renewable energy, producing green hydrogen, supporting carbon markets, and stimulating climate financing. “The World Bank’s Board of Executive Directors approved USD 1.5 billion in […]

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Business

New risk: China has $3 trillion of ‘hidden’ currency reserves, says US economist

June 30, 2023 virendra pandit

Virendra Pandit    New Delhi: In a sensational report, a former US Trade and Treasury official has disclosed that China is sitting on a pile of USD 6 trillion, half of which is “hidden”, that can present a new kind of risk to the global economy. A lot of the Asian country’s foreign-exchange reserves don’t […]

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Business

Cliffhanger: IMF approves Pak’s $3bn loan program; may be considered in two weeks

June 30, 2023 virendra pandit

Virendra Pandit   New Delhi: Almost bankrupt Pakistan, facing a default on July 1, has clinched initial approval from the International Monetary Fund (IMF) for a USD 3 billion loan program, lowering the risk of a sovereign default, the media reported on Friday. The staff-level agreement is subject to approval by the IMF Executive Board, […]

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Business

Farmers’ stir, Covid-19: Karnataka HC fines Twitter Rs. 50 lakhs, rejects its claims

June 30, 2023 virendra pandit

Virendra Pandit   New Delhi: The Karnataka High Court on Friday dismissed global microblogging platform Twitter’s plea against the Union Ministry of Information Technology’s order to block its content about the farmers’ agitation and the pandemic and directed it to pay a fine of Rs. 50 lakhs. “You are not a farmer but a billion-dollar […]

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Business

Warriors: As the war with Russia rages, 2,300 Indian students return to Ukraine

June 29, 2023 virendra pandit

Virendra Pandit   New Delhi: Amid outcry from their worried parents, over 23,000 Indian students returned home when Russia invaded Ukraine on February 24, 2022. Now, a tenth of them have returned to the war-torn nation which has faced wanton destruction in the last 16 months and is short on supplies of everything. After a […]

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Business

Roving Periscope: After the failed Wagner mutiny, top Russian Generals ‘disappear’

June 29, 2023 virendra pandit

Virendra Pandit   New Delhi: After the Wanger Group’s brief mutiny last weekend, some top generals of the Russian armed forces have dropped out of public view, the media reported on Thursday. As President Vladimir Putin, 70,  increasingly looked vulnerable after the biggest-ever challenge to his authority in nearly three decades, Valery Gerasimov, Russia’s top […]

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Business

Crossing the hurdles: India’s solid economic recovery despite global headwinds, says RBI

June 28, 2023 virendra pandit

Virendra Pandit   New Delhi: Post-pandemic, the Indian economy has made a solid recovery despite global headwinds, the Reserve Bank of India (RBI) said on Wednesday. RBI Governor Shaktikanta Das said not only has the Indian economy made a solid recovery but it is among the fastest-growing large economies despite heightened uncertainties and formidable headwinds, […]

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Business

Business: Chinese firm TCL Electronics, in JV, to set up a Rs. 225 crore facility in Telangana

June 28, 2023 virendra pandit

Virendra Pandit   New Delhi: In this Age of Frenemies, business is business. So, amid the Sino-Indian geopolitical and geoeconomic maneuvres, a major Chinese electronics company, TCL Electronics Holding Ltd, has decided to set up an Rs. 225-crore facility to initially manufacture washing machines. The media reported on Wednesday that the company has entered into […]

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Business

Open secret: Finally, Putin admits Wagner Russia’s creation, funded

June 28, 2023 virendra pandit

Virendra Pandit   New Delhi: Days after the Wagner Group’s short-lived mutiny, President Vladimir Putin has “revealed” what was already known to the world: that Russia raised and funded the private mercenary army of convicts which Moscow unofficially used in Libya, Syria, and other countries–until its ambitious chief revolted on Saturday last week and started […]

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Business

Roving Periscope: It was a “bioweapon,”—Covid ghost puts China on the mat, again

June 28, 2023 virendra pandit

Virendra Pandit   New Delhi: Despite Covid-19 subsiding worldwide, the pandemic’s ghost refuses to go under: now, a Wuhan researcher has revealed that China engineered the pandemic to ‘purposely infect’ the people in the world. According to media reports on Wednesday, this shocking information was disclosed by Chao Shan in an interview in 2020. Jennifer […]

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