Category: World

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. The Paris-based Organization for Economic Cooperation and Development estimated Wednesday that international growth would slow to 2.7% in 2024 from an expected 2.9% pace this year.

By Sushil Kutty The release of a book on November 29 in New Delhi brought the focus back on the INDI-Alliance, which was seen to be losing its direction and purpose in recent weeks much to the chagrin of those who wanted to see the back of Prime Minister Narendra Modi and his government come […]

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By Arun Srivastava Any amount of money that is being spent on the Dalits and poor in the management of RSS-BJP’s political perception is a national waste. During the UPA era, the Sangh had used its might to try foil Dr Manmohan Singh’s move to get the Food Security Bill passed by the Parliament. While […]

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By Tirthankar Mitra The Bengal unit of BJP is in dire straits now as the leadership has no face to face its supporters after the big flop of the party rally addressed by the Home Minister Amit Shah on Wednesday afternoon. All the earlier big hype made by the big guns of the party came […]

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By Krishna Jha November 3 this year marked the centenary of the great trade union leader in banking, H L Parwana. On this day we recall him and his contributions to the history of banking industry in our country. For the cause of banking he sacrificed his life, and toiled to emancipate the

Prime Minister Narendra Modi on Wednesday said his government is committed to ensuring that no one sleeps hungry, after the Cabinet extended the Pradhan Mantri Garib Kalyan Anna Yojana for another five years. The central government has extended the PMGKAY scheme to provide 5 kg of free foodgrains per month to 81.35 crore poor for […]

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MUMBAI: India joined an exclusive group of countries that includes the likes of the United States, China, and Japan after its market capitalisation (mcap) hit the $4 trillion mark on Wednesday. Total market value of all companies listed on the BSE during the day increased by Rs 2.24 trillion, or 0.7 per cent,

MUMBAI: Corporate bond issuances rebounded in November following a decline in October as the market gained certainty after the US Federal Reserve adopted a dovish stance, according to market participants. In October, fundraising through corporate bonds experienced a 40 per cent drop, primarily driven by an increase in the cost of borrowing. Estimates suggest that […]

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NEW DELHI: In a departure from convention, the Union Cabinet late on Tuesday approved the terms of reference for the Sixteenth Finance Commission (SFC) without revealing the names of its chairman and members. Announcing the decision on Wednesday in a press briefing, Information and Broadcasting Minister Anurag Singh Thakur said the chairman and members will […]

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MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) has increased scrutiny on the ultimate beneficiaries in the transfer of shares within the insurance broking sector. This increased diligence has led to an extension in the approval timelines, with the three-four month period stretching (on average) to beyond nine months. The sale of Aditya […]

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The Supreme Court on Wednesday refused to interfere with the Central government’s decision to grant an extension to the service tenure of Delhi Chief Secretary. Chief Justice of India (CJI) DY Chandrachud, while pronouncing the judgement, said the extension of tenure under rule 16 of the 1961 rules will not apply to the chief secretary […]

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Former Congress president Sonia Gandhi on Wednesday was all praises for the present party chief, saying Mallikarjun Kharge is best suited to lead the grand old party at the “crucial juncture” in which it finds itself. She said Kharge has always placed party organisation above personal interest, which makes him a strong organisational leader. “…He […]

The post Sonia Gandhi

Congress MP Rahul Gandhi on Wednesday hailed Kerala’s healthcare and palliative care sector as one of the best in the country, and said he was pleased with the level of community participation in Kerala when it comes to healthcare and education. The Congress MP’s praise for Kerala’s healthcare system came while speaking after laying the […]

The post Rahul Gandhi

Former Delhi deputy chief minister Manish Sisodia has moved the Supreme Court seeking a review of its order denying him bail in the corruption and money laundering cases related to the alleged Delhi excise policy scam. The top court had on October 30 refused to grant him bail, saying the accusation against him of facilitating […]

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NEW DELHI: Tata Advanced Systems Ltd (TASL) has set up a facility to manufacture high-resolution imagery satellites that will help the armed forces keep a closer eye on border areas, betting big on the military space sector. The Bengaluru-based facility will manufacture sub-metre resolution satellites and will have a ground station that can control their […]

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NEW DELHI: Indian companies are increasingly looking to hire people who can help improve their green credentials. Four of every five Indian business leaders who took part in a survey conducted by IBM and decision intelligence company Morning Consult, said they will hire people with expertise or experience in sustainability. The survey report, shared exclusively […]

The post India

NEW DELHI: The 16th Finance Commission (FC) may be urged to consider incentives for improvement in debt consolidation and quality of expenditure, issues which were considered by the 15th FC too, though it did not assign any specific weights to them in either in the criteria for tax devolution or disbursal of grants-in-aid. The setting […]

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NEW DELHI: Nine months after converting the dues worth Rs 16,133 crore of Vodafone Idea payable to the government on account of spectrum fee, into equity, the department of telecommunications (DoT) has asked the department of investment and public asset management (DIPAM) whether some portion can be offloaded in the market. As part of the

NEW DELHI: India’s GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China, S&P Global Ratings said on Tuesday. In a report titled ‘China Slows India Grows’, S&P said it expects Asia-Pacific’s growth engine to shift from China to South and Southeast Asia. “We project China’s GDP

By K Raveendran Oil markets are eagerly awaiting the outcome at the forthcoming OPEC+ meeting this week, after internal troubles forced a postponement of the meeting originally scheduled for November 26. The meeting assumes great significance both for producing as well as importing countries, especially amidst assessments that a new agreement to cut production is

By Sushil Kutty In these days of political significance, ‘appeasement’ is the word, the favourite of the rightwing to beat the leftwing with –- who in turn, while disapproving of appeasement, openly embraced Muslim minority appeasement for electoral dividends. Other minorities like the Christian, Buddhist, Jain, Sikh and Parsi are considered too politically insignificant for […]

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By Ashis Biswas In dramatic contrast to the frenzied anti-India celebrations in Bangladesh following India’s loss to Australia in the one-day cricket final at Ahmedabad on November 19,, people in Pakistan have reacted far more soberly: in the lively Pakistani social media , there have been some expressions of sympathy for India’s hard loss, unlike

By M. A. Hossain In the catastrophic context of Hamas-Israel conflict, China had stepped forward to mediate between the parties. Chinese Foreign Minister, Wang Yi, discussed the conflict situation with officials in Washington, perceiving the fear of a wider regional war. The US counterpart has assured full support for working with China to find a […]

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The Supreme Court on Tuesday sought a response from TDP chief N Chandrababu Naidu on a plea by the Andhra Pradesh government against a high court order granting regular bail to him in the skill development corporation scam case. A bench of justices Bela M Trivedi and SC Sharma issued notice to Naidu and directed […]

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Shiv Sena (UBT) leader Uddhav Thackeray (Left), Eknath Shinde on Tuesday hit out at Maharashtra Chief Minister Eknath Shinde over his visit to neighbouring Telangana for poll campaigning amid losses faced by farmers in his home state due to unseasonal rains. Addressing a news conference, Thackeray demanded that a cabinet meeting be held immediately to […]

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Senior BJP leader Suvendu Adhikari was on Tuesday suspended for the entire winter session of the West Bengal Assembly for making ”objectionable remarks” against Speaker Biman Banerjee. The suspension happened during a discussion on ’Constitution Day’ in the state assembly. A resolution under Rule 169 was tabled in the assembly to discuss ”how the Constitution […]

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Even as deliberations are on to finalise the appointment of Congress legislators and workers to key positions in various state-run boards and corporations, there seem to some differences among leaders over the process, with Home Minister G Parameshwara openly saying he was not consulted. Chief Minister Siddaramaiah, however, tried to clarify, saying that no leader […]

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Rescuers have pulled out all 41 workers trapped for 17 days inside a collapsed Uttarakhand tunnel after rat miners drilled through the debris, triggering jubilation. The focus will now be on what led to the collapse and why the rescue took so long. The 41 workers were pulled out yesterday after a 17-day rescue operation […]

The post Focus shifts

A Delhi court has allowed Karnataka deputy chief minister D K Shivakumar, accused in a money laundering case, to travel abroad. Special Judge Vikas Dhull allowed Congress member Shivakumar to travel to Dubai from November 29 to December 3 on an application moved by him. The application claimed that he was invited by His Excellency […]

The post Shivakumar gets

A political row erupted after the Nitish Kumar-led Bihar government decided to slash the holidays for the state’s schools on the occasion of Hindu festivals while increasing them for Muslim festivals. The Bihar education department on Monday issued the holiday calendar for 2024 with fewer leaves and said the chart has been created to ensure […]

The post ‘Islamisation’ row

The Congress on Monday slammed the BRS over the EC’s withdrawal of permission to the Telangana government for disbursements of financial aid to farmers under the Rythu Bandhu Scheme, alleging that those ruling the state, in their desperation to hang onto power, have ended up denying what is owed to farmers. The Congress also said […]

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Kerala Chief Minister Pinarayi Vijayan on Monday continued to accuse Union Finance Minister Nirmala Sitharaman of ”trying to mislead the public” about the alleged neglect shown by the central government towards the southern state. The CM had on Sunday charged Sitharaman with trying to mislead the public through her claims of timely disbursement of required […]

The post Sitharaman misleading

The BJP has once again gone to the Election Commission of India, complaining against the Congress. The party has knocked on the doors of the poll body due to an advertisement by the Congress-ruled Karnataka government in Telangana edition dailies, which are circulated in poll-bound state, demanding criminal proceedings against Karnataka chief minister Siddaramaiah. Projecting […]

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MUMBAI: The banking sector is expected to witness rise in co-lending deals between Non-Banking Financial Companies (NBFCs) and banks after the Reserve Bank of India (RBI) Governor Shaktikanta Das asked shadow banks to reduce their over-dependence on bank funding. Smaller and mid-size NBFCs will prefer co-lending as funds sourced through banks will be cheaper than […]

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