Political

Business

Inflation: India’s WPI declines to a 3-year low of (-) 3.48% in May 2023

June 14, 2023 virendra pandit

Virendra Pandit New Delhi: As Pakistan battles against a record 38 percent inflation, and so do many other countries, India’s Wholesale Price Index (PI) declined to a three-year low of minus 3.48 percent in May 2023, on easing prices of food, fuel, and manufactured items. The WPI-based inflation rate remained in negative territory for […]

English

Award: RBI’s Shaktikanta Das named “Governor of the Year”

June 14, 2023 virendra pandit

Virendra Pandit New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das has been named as “Governor of the Year.” He was decorated with the “Governor of the Year” award at the Central Banking Awards 2023. The publication Central Banking is a London-based international economic research journal, the media reported on Wednesday. After Raghuram […]

Business

Roving Periscope: How business migration from China is benefiting India?

June 14, 2023 virendra pandit

Virendra Pandit New Delhi: California-based Apple Inc., the world’s biggest technology company by market capitalization and revenues of USD 394.3 billion in 2022, is not the only multinational migrating 18 percent of its production from China to India by FY25. More global companies are on their way to the South Asian country. According to […]

Business

Roving Periscope: Amid Pakistan-Roosi Dosti Zindabad, Islamabad gets discounted oil from Moscow

June 13, 2023 virendra pandit

Virendra Pandit New Delhi: In a post-ideology emerging New World Order, and realignment of ‘frenemies’ as all nations keeping their eggs in all baskets, Pakistan has started getting discounted Russian oil despite Islamabad supplying arms to Ukraine, via Poland and Germany! Moscow is keen to expand and deepen bilateral ties with Pakistan, Russian Foreign […]

Business

Trump: The US and Europe are appalled at the ex-President’s carelessness about top-secret documents

June 10, 2023 virendra pandit

Virendra Pandit New Delhi: That the maverick Donald Trump was careless about top secrets was well-known even when he was the 45th President of the United States of America (2017-2021). Many Americans were worried about how their country would handle the transition of power and the fate of nuclear weapons and missiles whose control […]

Business

Roving Periscope: Broke Pakistan’s FY24 budget sets aside half the loaf to pay the debt

June 10, 2023 virendra pandit

Virendra Pandit New Delhi: With no lender ready to help it any longer, a nearly bankrupt Pakistan has set aside half of its USD 51 billion budget for the financial year 2023-24 to service its crippling external debt amounting to over USD 125 billion. No new taxes have been levied in this budget as […]

Business

Thanks, but no thanks: NATO Plus not suitable for India, says EAM Jaishankar

June 9, 2023 virendra pandit

Virendra Pandit New Delhi: Days before Prime Minister Narendra Modi starts his first State Visit to the United States, scheduled from June 21 to 24, India has politely turned down an ‘unofficial offer’ to New Delhi to join the North Atlantic Treaty Organization (NATO), in its extension as NATO-Plus. While addressing a press conference in […]

Business

Modi@WH: “A big deal”, and a “powerful sign,” says USIBC chief Keshap

June 9, 2023 virendra pandit

Virendra Pandit New Delhi: The first State Visit of Prime Minister Narendra Modi to the United States later this month is “a big deal” and “a powerful sign” that the future of the two democracies is together, US-India Business Council (USIBC) President Atul Keshap said on Friday. PM Modi is visiting the US from […]

Business

Roving Periscope” “I am an innocent man,” Trump says after fresh indictment

June 9, 2023 virendra pandit

Virendra Pandit New Delhi: Donald Trump said on Friday that he has been indicted on charges of mishandling classified documents at his Florida residence, igniting a federal prosecution that is arguably the most perilous of multiple legal threats against the former US President who is trying to reclaim the White House in 2024, the […]

Business

Roving Periscope: Canada’s wildfires affect over 100 million Americans

June 8, 2023 virendra pandit

Virendra Pandit New Delhi: To many North Indians, especially Delhites, “smog” is routine at the onset of winter each year, when palls of smoke from stubble burning in agricultural fields of Punjab, Haryana, Rajasthan, and Uttar Pradesh, combine with vehicular and industrial pollution and fog, that creates apocalyptic scenes, despite the government’s routine assurances. […]