All stories by Barun Jha
For Pak, Modi isn't a partner for talks, but did see it in Manmohan, VajpayeeRediff.com20 Jan 2023
Her comments come days after Pakistan's Prime Minister Shehbaz Sharif sought "serious" and "sincere" talks with his Indian counterpart for the resolution of the "burning" issues, including Kashmir.
Premature to think India will replace China: RajanRediff.com17 Jan 2023
Former RBI governor Raghuram Rajan on Tuesday said it is too premature to think that India will replace China when it comes to influencing global economic growth. However, the situation may change going forward as India is already the world's fifth largest economy, it is growing and has the potential to keep expanding. At a World Economic Forum (WEF) press briefing on the recently released Chief Economists Outlook that saw majority of them expecting a global recession in 2023, Rajan said any recovery in the Chinese economy would definitely boost the global growth prospects.
Most Indian CEOs plan to cut operating costsRediff.com17 Jan 2023
Amid rising geopolitical risks, a vast majority of Indian CEOs have indicated in a survey that they are reducing or planning to reduce operating costs, even as they are more upbeat than their global peers on their country's economic prospects. However, most of the companies do not plan to cut their headcount or salaries, found the annual Global CEO Survey released by consultancy giant PwC here on the first day of the World Economic Forum meeting on Monday. The survey also found that about four in ten CEOs (40 per cent of global and 41 per cent of India respondents) do not expect their companies to be economically viable in 10 years if they continue on their current path.
How the wealth of India's richest can make a differenceRediff.com16 Jan 2023
The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday. Releasing the India supplement of its annual inequality report on the first day of the World Economic Forum Annual Meeting in Davos, rights group Oxfam International said that taxing India's ten-richest at 5 per cent can fetch entire money to bring children back to school. "A one-off tax on unrealized gains from 2017-2021 on just one billionaire, Gautam Adani, could have raised Rs 1.79 lakh crore, enough to employ more than five million Indian primary school teachers for a year," it added.
India's richest 1% own more than 40% of total wealth: OxfamRediff.com16 Jan 2023
The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday.
Advanced economies to be back on track by 2024: IMF's Gita GopinathRediff.com25 May 2022
Advanced economies will be back on track by 2024, but developing economies will be 5 per cent below where they would have been otherwise, IMF's Gita Gopinath said on Wednesday. Economies worldwide have been adversely impacted by the coronavirus pandemic and are slowly coming back into the recovery path. The First Deputy Managing Director of the International Monetary Fund said the war in Ukraine has been a major setback to the global recovery.
'Profiting from Pain': Covid created new billionaire every 30 hrsRediff.com23 May 2022
Releasing a report titled 'Profiting from Pain' in Davos, the rights group further said as the cost of essential goods rises faster than it has in decades, billionaires in the food and energy sectors are increasing their fortunes by $1 billion every two days.
NSE co-location case: Probe shifts towards money trail, illicit gainsRediff.com21 Feb 2022
As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse are being investigated threadbare to unveil all quid pro quo arrangements in a highly-sophisticated scheme that worked like a cricket betting scandal, officials said on Monday. While the bourse has said it has taken several steps over the years to strengthen its technology infrastructure, including as per regulatory orders, the officials said certain fresh disclosures call for a detailed probe into whether a select group of individuals in high positions had banded together to make illicit gains by facilitating the preferential trading slots, beginning over a decade ago. Even a split-second faster access is said to result in huge gains for a trader.
Delhi blast could be a 'terror attack': Israeli envoyRediff.com30 Jan 2021
'All options are there on the table. Yesterday when this terror attack was conducted, we celebrated the 29th anniversary of the full establishment of diplomatic relations between Israel and India, exactly yesterday. So, it may not be a coincidence but all options are being investigated'
Modi creating Hindu nationalist state: Billionaire George SorosRediff.com24 Jan 2020
The 89-year old said the strongest powers -- the US, China and Russia -- have "remained in the hands of would-be or actual dictators and the ranks of authoritarian rulers continued to grow".
World will realise Pak's potential once India ties improve: ImranRediff.com22 Jan 2020
Khan also said Pakistan has decided to partner any other country only for peace and named the partnership with the US as the one.
American dream is back, asserts TrumpRediff.com21 Jan 2020
Underlining that years of economic stagnation have given way to a "roaring geyser of opportunity", Trump said, "I knew that if we unleashed the potential of our people, cut taxes, slashed regulation, fixed broken trade deals and fully tapped American energy that prosperity would come thundering back ... and that is exactly what happened."
India ranks behind US, China and Germany for global CEOsRediff.com21 Jan 2020
China and India evoked the highest levels of confidence among major economies at 45 per cent and 40 per cent, respectively. The US was at 36 per cent, Canada at 27 per cent, the UK at 26 per cent, Germany at 20 per cent, France 18 per cent, and Japan having the least optimistic CEOs with only 11 per cent very confident of growing revenues in 2020.
PwC's survey of CEOs in Davos shows record level of pessimismRediff.com21 Jan 2020
For the first time, more than half of the CEOs surveyed by global consultancy PwC said they believe the rate of global GDP growth will decline. In comparison, the survey had found a record level of optimism among CEOs two years ago in 2018.
IMF lowers India growth estimate to 4.8% for 2019Rediff.com20 Jan 2020
IMF Chief Economist Gita Gopinath also said the pickup in global growth for 2020 remains highly uncertain as it relies on improved growth outcomes for stressed economies like Argentina, Iran, and Turkey and for under-performing emerging and developing economies such as Brazil, India, and Mexico.
Satya Nadella on the biggest challenge world economy is facingRediff.com22 Jan 2019
This next phase of globalisation needs to deliver economic growth so that it is equitable: Nadella.
We are replacing red tape with red carpet: ModiRediff.com23 Jan 2018
Hard selling India as an investment destination at the WEF, Modi said the government is following the principle of reform, perform and transform.
India means business, Modi tells CEOs at Davos roundtableRediff.com23 Jan 2018
Under the tagline of 'India means business', the roundtable was attended by 40 CEOs of global companies and 20 from India.
Prime Minister Modi in Davos for WEFRediff.com22 Jan 2018
Modi, the first Indian prime minister to attend the summit in two decades, would deliver the opening plenary address at the summit on Tuesday.
G20 action plan praises India for reforms, inclusive growthRediff.com9 Jul 2017
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.