Everything is wrong with the Indian economy. The New York Times certainly thinks so. See this article complete with the picture of manual labourers working the ground with the most primitive tools in India. In the foreground, a sad-looking man carries what appears to be construction material on his head. Look more carefully. I’m sure … Read more
At long last, we hear of a thaw in the bitter India-China standoff that began last April in Eastern Ladakh. If we want, we can breathe a temporary sigh of relief. But how much relief? China remains dominant, untrustworthy and likely to strike at the next possible opportunity. We lost 20 precious lives at the … Read more
The World Bank has recently increased its projections for India’s economic growth by 4.7 percentage points to 10.1 per cent for Financial Year 2024-25, citing a strong rebound in private consumption and investment growth. The latest estimate is significantly higher than the 5.4 per cent growth rate predicted by the World Bank in January this year. However, … Read more
Modi has done more for the environment than any other PM in recent history. Unfortunately, most journalists and intellectuals do not give him due credit for it. Therefore, it is not surprising that almost all appreciation that Modi gets is from international bodies, including the World Economic Forum (WEF), specifically for the role he played … Read more
On June 29, Kitex Group, the largest private-sector employer in Kerala, announced the withdrawal of an Rs.3,500 crore investment project from the state. Kitex Group alleged that the state authorities are running a witch-hunt against the company. Notably, Kitex Garments is the second-largest kids’ apparel manufacturer in the world. The company has announced that it is scrapping … Read more
On 17th May, Pakistan’s Foreign Minister Ishaq Dar acknowledged that the trade ties with India went south after the Pulwama terrorist attack on 14th February 2019 in which India lost 40 brave soldiers. Following the attack, India took some immediate steps to reduce trade with the hostile neighbour including the imposition of 200% import duty. Firstly, India announced that … Read more
Singapore’s High Commissioner to India Simon Wong Wie Kuen on Saturday called upon Uttar Pradesh Chief Minister Yogi Adityanath. He said that Singapore firms are willing for investment in Uttar Pradesh due to connectivity and ease of doing business in the state. The meeting took place at the official residence of Yogi Adityanath in Lucknow. Simon was … Read more
PM Modi on Saturday chaired a meeting on the path ahead for managing the cryptocurrency sector where a consensus was reached on the Centre needing to take “progressive and forward-looking” steps while ensuring that an unregulated crypto market does not lead to “money laundering and terror financing”. The government will keep a close watch on … Read more
Reliance Industries Ltd (RIL) and Saudi Aramco have mutually decided to re-evaluate the investment deal involving the O2C (Oil to Chemicals) business of the RIL considering the recent developments, according to reports. The deal under talks was worth $15 billion. The November 19 statement of RIL read, “Due to the evolving nature of Reliance’s business portfolio, … Read more
The Indian government has announced that the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is expected to be tabled in the Winter Session of Parliament. The bill will seek to create a framework for the official digital currency to be issued by the Reserve Bank of India. The bill looks to “prohibit certain private cryptocurrencies … Read more