Category: World

MUMBAI: Global venture capital (VC) investments dipped 5.4 per cent on a quarter-on-quarter (Q-o-Q) basis from $81.4 billion in the second quarter of calendar year 2023 (Q2CY23) to $77 billion in the third quarter of calendar year 2023 (Q3CY23) as VCs remain cautious before closing deals. The number of deals fell from 9,563 in Q2 […]

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NEW DELHI: Strong domestic demand is likely to sustain India’s economy in the near term, said Moody’s on Thursday as it kept the country’s growth forecast for 2023 and 2024 unchanged at 6.7 and 6.1 per cent. “Robust goods and services tax collections, surging auto sales, rising consumer optimism and double-digit credit growth suggest urban

NEW DELHI: After a gap of eight months, India’s goods exports rose for the first time in October, driven by pharma and engineering exports. While official numbers are due to be released on November 15, preliminary data accessed by TOI estimated that exports went up by around 3% over last year’s level of $31.6 billion. […]

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By Ashis Biswas For Bangladesh, an inexorable decline of its economy during the last couple of years has added to the present tensions it faces in its uneasy relationship with the US. This has rendered the position of the ruling Awami League (AL) politically more vulnerable as it continues its pre-election campaign for the 2024 […]

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By Arun Srivastava The Lok Sabha Ethics committee has made Mahua Moitra a martyr. The indiscreet decision proves beyond doubt that the personal and political life of an individual daring to raise an accusing finger towards Narendra Modi and his tycoon friend Gautam Adani would have to face the wrath of the combined establishment. The

By Prabhat Patnaik In an economy like ours where the work-force is not neatly divided into “the employed” and “the unemployed”, and instead there is massive and growing casualisation of work, measuring unemployment is a tricky business. It necessarily means asking a person how much work that person got over a certain period in the […]

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By Dr. Gyan Pathak Election campaigns are at peak in Chhattisgarh and Madhya Pradesh going to polls on November 17 in the second phase, and only five days are left for the chief contestants – the Congress and the BJP. As of now, Congress seems to be maintaining its lead in both the states. BJP […]

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The Lokpal has ordered a CBI probe into the “cash for query” row involving Trinamool MP Mahua Moitra, said BJP lawmaker from Jharkhand, Nishikant Dubey. Dubey on Saturday said that he has filed a complaint with the Lokpal—a body to probe corruption cases against public servants including legislators. लोकपाल ने आज मेरे कम्प्लेन पर आरोपी […]

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The Gujarat High Court on Thursday rejected Delhi Chief Minister Arvind Kejriwal’s petition seeking review of its earlier order setting aside the Central Information Commission’s (CIC) directive to Gujarat University to provide information about Prime Minister Narendra Modi’s educational degree. Justice Biren Vaishnav on Thursday rejected the Aam Aadmi Party leader’s review plea filed in […]

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Nitish Kumar has sprung a political surprise with his proposed new quota in Bihar, which seems to have hit two targets: changing the discourse over his derogatory statements while putting the BJP in a political fix. The proposed increase in quota from 50 per cent — the ceiling set by the Supreme Court—to 65 per […]

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Is the Bahujan Samaj Party the ‘B Team’ of the BJP? While BSP supremo Mayawati prefers to maintain a stoic silence over the allegations levelled against her, political analysts call it the party’s ‘wait and watch strategy’ in the run-up to the 2024 Lok Sabha elections. The latest allegation against BSP comes from the party’s […]

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The Ethics Committee, which was hearing the “cash for query” matter involving Trinamool Congress MP Mahua Moitra, on Thursday adopted a report on the case after two hearings. BJP MP Nishikant Dubey has accused Moitra of taking a bribe from Hiranandani Group CEO Darshan Hiranandani to ask questions in Parliament and urged Lok Sabha Speaker […]

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Bihar Chief Minister Nitish Kumar, who is receiving vehement criticism over his remark on population control, on Thursday got himself into another trouble after he said Jitan Ram Manjhi “became the CM due to his stupidity”. In no time, the Bharatiya Janata Party (BJP) responded to Kumar’s statement and accused him of insulting the Dalits. […]

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By Nantoo Banerjee It is difficult to believe that there has been no listed ‘code-of-conduct’ for the directly elected representatives of Lok Sabha since the country held its first general elections between October 21, 1951 and February 21, 1952. Paradoxically though, Lok Sabha has an ethics committee with the members remaining in the dark about […]

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By P. Sudhir One of the ways federalism and the powers of the elected state legislatures are being undermined, is by governors sitting over the bills passed by the legislatures without taking any decision regarding them. According to the constitution, bills passed by the state legislatures have to be given assent by the governor in […]

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By Nitya Chakraborty Dhruba Narayan Ghosh, known as D N Ghosh, the young official who played the leading role in preparing the draft of the ordinance on bank nationalisation issued on July19, 1969, passed away in Kolkata on November 6. He was 95. Originally, a member of the Indian Audit and Accounts Service (IAAS), Ghosh […]

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By K Raveendran The Supreme Court’s displeasure with the way the Centre is using its agencies to suppress criticism or force adversaries into submission is finding expression at increasing frequency. “It can’t be a State that is run only through its agencies,” Justice Sanjay Kishan Kaul said while hearing a petition urging the court to

Ahead of the November 30 assembly polls, the Income Tax department officials on Thursday carried out searches at the residences and offices of Congress candidate P Srinivas Reddy here and in Khammam, sources said. Reddy is contesting from the Palair assembly segment in Khammam District. Media reports suggested that Reddy was scheduled to file his […]

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NEW DELHI: India will soon begin work on the 2023-24 round of the Annual Survey on Unincorporated Sector Enterprises (ASUSE) even though the results of the previous surveys, dating back to four years, are yet to be released. The aim of ASUSE, along with the Annual Survey of Service Sector Enterprises, is to fill the […]

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The Congress on Wednesday hit back at Prime Minister Narendra Modi for his “remote-control” jibe at party chief Mallikarjun Kharge, terming it a “concerted attack” on all those who come from oppressed backgrounds. At an election rally in Madhya Pradesh on Wednesday, Prime Minister Modi said the Congress is unable to do away with its […]

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The Nitish Kumar-led Bihar government is likely to bring a bill proposing an additional reservation for the Other Backward Classes (OBCs), Scheduled Castes (SC) and Scheduled Tribes (ST), in government jobs and educational institutions. The bill is likely to be placed before the House on Thursday. Chief Minister Nitish Kumar spoke in favour of increasing […]

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Assam Chief Minister Himanta Biswa Sarma on Wednesday said Congress leader Rahul Gandhi did not say anything against Palestine-based terror group Hamas, which launched a surprise assault against Israel on October 7 killing over 1400 people and taking hundreds hostage, fearing “India’s Hamas”. Sarma said Prime Minister Narendra Modi sent a strong message against terrorism […]

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Union Minister Gajendra Singh Shekhawat on Wednesday submitted a memorandum to the Rajasthan chief electoral officer, alleging that Chief Minister Ashok Gehlot concealed information on criminal cases against him in his nomination papers. A similar complaint has been made to the Jodhpur district election officer as well. Gehlot is contesting from Jodhpur’s Sardarpura seat for […]

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NEW DELHI: India’s Consumer Price Index (CPI) – based inflation likely fell to a five-month low of 4.8% in October from 5.02% in September, primarily due to the statistical effect of a high base and decline in prices of key vegetables, according to an FE poll of 15 economists. Core inflation is likely to remain […]

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MUMBAI: As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others. This is a rise of 19% over FY23. These 11 firms include Adani Power, DLF, Hindustan Aeronautics, Jio Financial Services, Varun Beverages, […]

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India is proposing reducing import taxes on some electric vehicles from the UK in an effort to clinch a free-trade deal between the two nations by the end of the year, according to two people familiar with the discussions. New Delhi is considering a concessional tariff of 30% on 2,500 electric vehicles imported annually from

NEW DELHI: The US Develop–ment Finance Corporation (DFC) on Wednesday announced it would provide $553 million for Colombo West International Terminal Pvt Ltd (CWIT), in which Adani Ports and Special Economic Zone (APSEZ) is a majority stakeholder with 51 per cent. It is part-owned by Sri Lanka’s John Keells Holdings and the Sri Lanka Ports

NEW DELHI: India should start putting trade barriers as a safeguard against rising steel imports, Dilip Oommen, CEO, ArcelorMittal Nippon Steel India, and President of the Indian Steel Association, said on Tuesday. According to Oommen, India happens to be in the “spotlight” as far as “economy and steel consumption” are concerned.

The government is looking into issues surrounding dumping of certain categories of steel products into the Indian market, Steel Secretary Nagendra Nath Sinha said on Tuesday. The statement comes amid the industry raising concerns over the rise in steel imports. In October India remained the net importer of steel. The Ministry of Finance is looking […]

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NEW DELHI: The Centre’s dividend receipts from the Central Public Sector Enterprises (CPSEs) will likely exceed the budget estimate (BE) of Rs 43,000 crore for 2023-24 by close to Rs 20,000 crore, bridging partly the likely shortfall in disinvestment receipts. So far in the current financial year, around Rs 20,000 crore has been obtained

NEW DELHI: State-owned Hindustan Petroleum Corporation Ltd (HPCL) plans to spend Rs 75,000 crore in expansion and diversification in the next five years with an annual expenditure of around Rs 14,000-15,000 crore, the company said on Tuesday. “Around 25-30% of the capex will be for the renewable or gas-based segment, refinery would take another 20% […]

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NEW DELHI: The Central Electricity Authority (CEA) has outlined a strategy to boost the use of electric vehicles (EVs) in energy grid support, which could significantly enhance the sustainability of the country’s power system. Smart charging and vehicle-to-grid (V2G) services are crucial to manage the large-scale integration of renewable energy sources and to provide ancillary […]

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NEW DELHI: The National Coal Index (NCI) has registered an increase of 3.83 points to 143.91 for the month of September 2023, the coal ministry said in a statement on Tuesday. This marks the first rise in the index since April 2023, with a notable influence from the short-term escalation in global coal prices.

By Arun Srivastava Once again, the Bihar chief minister Nitish Kumar has proved that his bête noire Narendra Modi could not match his political craftsmanship and administrative acumen. Though the middle class bhakts of Modi claim that he has perfect understanding of the time, when to strike and how to mutilate his opponent, the Tuesday […]

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