Panagariya also pointed out that COVID-19 pandemic may lead to integration of global labour market.
The economic costs now beginning to show up in the hard numbers are far worse than initial expectations.
The State Bank has won the prestigious Asian Banker Achievement Award for being the strongest bank in Asia Pacific region, instituted by the Qatar Financial Centre Authority and the Asian Banker magazine.
Markets
'There are already multiple lawsuits against the IT rules.' 'So questions of compliance are like rearranging deck chairs on the Titanic.'
United States Defense Secretary Chuck Hagel will visit New Delhi next week during which he will hold talks with his counterpart Arun Jaitley and other top officials, aimed at "nurturing" ties with India after the formation of the new government, a top Pentagon official has said.
The elephant in the room will permeate the conversations, predicts Rup Narayan Das.
'The emerging security environment in the Asia-Pacific is likely to revolve around China and the US with India viewed as a critical balancer in the region. New Delhi will now have to demonstrate that it is capable of thinking strategically.'
SBI tops the list of league table banks for fees earned on loan syndication in the Asia Pacific region.
India women's team sealed their qualification for the 2021 ODI World Cup following the cancellation of their Championship round against Pakistan with the BCCI not getting government clearance to play against their arch-rivals. The India vs Pakistan round was scheduled to take place between July and November last year but was always subject to government clearance. Both teams will share points for the cancelled three-match series.
Franklin Templeton Asset Management (India) on Tuesday said it strongly disagrees with the findings in Sebi's order in the case of winding of six debt schemes in 2020 and has decided to challenge the direction in Securities Appellate Tribunal (SAT).
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
The agreement would divert China's attention and keep them busy in the Pacific theatre, probably resulting in a reduction in threat perception in our area of interest in the Indian Ocean, notes Commodore Venugopal Menon (retd).
The US State Department, in its Congressional mandated annual Country Reports on Terrorism for the year 2018, on Friday said even though the Pakistani government voiced support for political reconciliation between the Afghan government and the Taliban, it did not restrict the terror group and the Haqqani Network from operating in Pakistan-based safe havens and threatening the US and Afghan forces in Afghanistan.
The Women's Tennis Association, which has turned to Asia to grow its sport, is unclear how the International Tennis Premier League is going to pan out. 'We are still learning about it, just as the world and the media is,' said Melissa Pines, Vice-President, Asia-Pacific, on the sidelines of its new announcement to bring the season-ending BNP Paribas WTA Championships to South East Asia for the first time this year.
Vijender Singh broke into the World Boxing Organisation's (WBO) rankings at No 10 after being crowned its Asia Pacific super middleweight champion in Delhi last month.
Former United States President Bill Clinton had escaped an assassination bid by terrorists controlled by Osama bin Laden in Phillipines, according to a new book. He was saved shortly before his car was due to drive over a bridge in Manila where a bomb was planted. The foiled attack came during Clinton's visit to the Asia Pacific Economic Cooperation forum in the city in 1996. The details have been revealed in a new book.
China and India are the two awakening giants in the Asia-Pacific region with their strong growth potential. Their low insurance-penetration rates and expanding economies also support the two countries' insurance industry credit profiles. Interest from international players has increased enormously with the countries' transition from a closed system with state-owned monopolies to a more open system with private and foreign-owned entities over the past two decades.
Ahead of his first visit to India, Defence Secretary Chuck Hagel has said the United States is looking for new partners and relationships in Asia Pacific region which represents both opportunities and challenges.
"We have a strong view that there should be Security Council reform of the United Nations, that the Security Council should reflect the modern world, which is why we've suggested that both India and Japan should become permanent members of a reformed United Nations Security Council," the Australian foreign minister said.
'I do not agree that the intent was to send a political message to China that the US treats friends and foes alike.' 'In any case, such acts do not ruffle a feather in China,' observes Commodore Venugopal Menon (retd).
There are various estimates of India's debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year.
eBay says it has cut jobs at its centre in Bengaluru in favour of shifting them to other locations around the world.
The BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda
It was disappointing for Jinson Johnson not to win the 800m but the 1500m Asiad champion was far from surprised that compatriot Manjit Singh pipped him for the top prize in his pet 800m event.
Moody's has a 'positive' outlook on its 'Baa3' rating on India.
Ten Indian companies led by the likes of state-run Bharat Heavy Electricals, telecom major Bharti Airtel and Mukesh Ambani-led Reliance Industries have made their way into the Forbes' list of 50 best listed companies in the Asia-Pacific region.
However, the US recession could 'lead to a decline in capital inflows and weaker exports particularly of services. This could affect the capital and current account and put pressure on the balance of payment surplus,' says a Standard & Poor's report.
Amazon Web Services (AWS) on Friday announced setting up of its second data centre region in India in Telangana that will be operational by mid-2022, and will see the tech giant investing about Rs 20,761 crore. While AWS did not comment on the investment detail, Telangana IT and Industries Minister KT Rama Rao tweeted that AWS will invest Rs 20,761 crore ($2.77 billion) to set up multiple data centres in the state.
'Modi and Obama both had agendas that went beyond the nuclear deal. The threat from the chilly Himalayas had to be tackled in the warm waters of the Indian Ocean.'
The five-way joint venture that also includes Hindustan Petroleum, Oil India Ltd and GAIL India, which had in October 2007 inked a preliminary MoU for the project, are looking at 4-5 year horizon from the zero date for commissioning the project. To start with, it will be an export refinery but in long-term some products will cater to Indian market.
United States' biggest electronic stock exchange Nasdaq will help companies listed on it to enter the Indian bourses by issuing Indian Depository Receipts.
China remains the elephant in the room and has to be tamed, which the United States alone is unable to do and therefore calls allies to come on board.
SoftBank-backed Ola Electric took the wraps off its maiden e-scooter offerings -- Ola S1 and S1 Pro -- for a commercial launch on Sunday. With prices starting from Rs 99,999 (excluding state government incentives, registration fee, and insurance cost), the Bhavesh Aggarwal-founded firm said the e-scooters are designed and engineered in India for the world and will deliver the best scooter experience to the consumer. He suggested that after 2025, sale of petrol-powered two-wheelers should not be allowed.
One of every three Indians with a bank account is ready to switch to another bank on being offered free mobile banking, states an Asia Pacific survey on mobile banking opportunities.
A country liquor manufacturer is set to launch the Radisson brand in Ranchi.
Even as Barack Obama administration officials believe that the India-US relationship has now "emerged at the world stage" and is no longer a "restricted to narrow" South Asia or subcontinental set of issues, they also concede that America's security partnership with Pakistan over the years still poses challenge to India-US relationship.
The United States-based Bristlecone, which specialises in supply chain management and SAP implementation, is tapping customers in India and the Asia-Pacific region, while refining processes of clients in the US.
International credit rating agency Standard and Poor's has voiced concern over the fiscal deficit of the central and state governments even as it expressed happiness over the strong economic growth momentum.
HCL Technologies Ltd said on Wednesday it would act as a re-seller for a business solution 'Dynamics TM,' developed by Microsoft, in the Asia-Pacific region.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances