Political

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RBI: In 15 days, 50% of Rs. 2,000 notes returned to the banking system

June 8, 2023 virendra pandit

Virendra Pandit New Delhi: Nearly half of the currency notes of Rs. 2,000 denominations have already returned to the banking system in the last 15 days, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday. Speaking at a press conference after the announcement of the Monetary Policy Committee’s decisions, he said, “As […]

Business

Roving Periscope: France against NATO’s expansion in Asia

June 7, 2023 virendra pandit

Virendra Pandit New Delhi: France, which has for months been trying to cozy up with Russia and China, has opposed the expansion of NATO into Asia. A founder member of the US-led European security alliance, North Atlantic Treaty Organization (NATO), France, the biggest European nation, is feeling the impact of Moscow tightening gas supplies […]

Business

Revival: Govt approves Rs. 89,047 crores plan for BSNL

June 7, 2023 virendra pandit

Virendra Pandit New Delhi: The Union Cabinet on Wednesday approved an Rs. 89,047 crore revival plan for the state-run Bharat Sanchar Nigam Ltd (BSNL), including an allotment of 4G/5G spectrum for the ailing telecommunication company through equity infusion. The Centre had approved the first phase of the revival package worth Rs. 69,000 crores for […]

Business

Media: BBC ‘admits’ tax evasion in India, ‘intends’ to pay Rs 40 crore

June 6, 2023 virendra pandit

Virendra Pandit New Delhi: Six months after it celebrated its centenary, the British Broadcasting Corporation (BBC) has reportedly admitted tax evasion in India and ‘intends’ to pay Rs. 40 crores to the Income Tax Department, the media reported on Tuesday. The BBC, an unofficial mouthpiece of British foreign policy, which claims to be the […]

Business

Roving Periscope: White House rejects RaGa’s rants about Indian democracy

June 6, 2023 virendra pandit

Virendra Pandit New Delhi: Ahead of Prime Minister Narendra Modi’s first State Visit to the United States this month, and amid Rahul Gandhi’s claims that India has lost its democracy, a White House official said on Tuesday the South Asian nation is a vibrant democracy: “Go see for yourself.” PM Modi is scheduled to […]

Business

Technology: WHO applauds India’s successful adoption of digital health tech

June 5, 2023 virendra pandit

Virendra Pandit New Delhi: World Health Organization (WHO) on Monday applauded India’s successful adoption of digital health technologies, saying it can provide lessons for accelerating the progress toward universal health coverage for all countries. It is important to achieve a level-playing field and ensure these technologies are available widely for all countries, Dr. Alain […]

Business

Roving Periscope: Russia is burdened with Indian rupees!

June 5, 2023 virendra pandit

Virendra Pandit New Delhi: Russia is in a quandary of what to do with the huge pile of over USD 147 billion worth of foreign assets, mainly Indian rupees, it has accumulated by selling discounted oil to India after the West and its allies imposed sanctions on Moscow in the wake of its invasion […]

Business

Roving Periscope: The US Senate raises the limit to avert a first-ever default

June 2, 2023 virendra pandit

Virendra Pandit New Delhi: On Thursday, the US Congress took final steps to avert the nation’s first-ever default. And world economies heaved a sigh of relief when, fending off a US default, the Senate finally approved with a vote of 63-36 a debt-ceiling and budget cuts package, sealed the bipartisan deal, and sent it […]

Business

De-dollarization: BRICS propose local currencies in trade, transactions

June 2, 2023 virendra pandit

Virendra Pandit New Delhi: In yet another move to free world trade from the predominance of the US dollar and other European currencies, the group of Brazil, Russia, India, China, and South Africa (BRICS) on Friday underlined the need for using local currencies in international trade and financial transactions, as they committed to support […]

Business

Roving Periscope: Earth is sick; climate change hits 86% people worldwide, says study

June 1, 2023 virendra pandit

Virendra Pandit New Delhi: It is a global disaster in the making. An alarming 86 percent of the world’s population is already affected by sub-global climate change, a study said on Thursday, as it warned the planet is sick. According to a study published in Nature, humans have already crossed 7 of 8 “planetary […]