'We continue to believe that the global economy will narrowly avoid a recession, despite expecting the US, Canada, and most of Europe to fall into recession at some point over the next year or so.'
Most of the local residents expressed fear that redevelopment will kill the small businesses in Dharavi that it is known for and that they are content with the way things are at present.
An escalation in the already simmering tensions between North and South Korea, China and Taiwan, and Russia and Ukraine could prove to be a bigger worry for the markets over the next few months rather than central bank policy action, said analysts. The markets, they said, are still not fully factoring in this possibility. "The conflict between Iran and Saudi Arabia is another geopolitical worry.
Three coaches of the Dadar-Puducherry Express (train no 11005) derailed near Matunga station in Mumbai on Friday night after the engine of the CSMT-Gadag Express, going in the same direction, dashed it sideways, a Central Railway official said.
The 25-year-old's story is an inspiration for young Indians.
The International Monetary Fund (IMF) has said India and China will account for half of the global economic growth in 2023, as the multilateral agency retained its growth forecast for Asia's third-largest economy for 2023-24 (FY24). "India remains a bright spot. Together with China, it will account for half of global growth this year, versus just a tenth for the US and euro area combined," the IMF said in its latest update to the biannual World Economic Outlook. Growth in India is set to decline from 6.8 per cent in 2022 (FY23) to 6.1 per cent in 2023 (FY24) before picking up to 6.8 per cent in 2024 (FY25), the global lender said while citing "resilient domestic demand despite external headwinds".
The International Monetary Fund (IMF) on Tuesday said it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 per cent from 6.8 per cent during the current fiscal ending March 31. The IMF on Tuesday released the January update of its World Economic Outlook, according to which the global growth is projected to fall from an estimated 3.4 per cent in 2022 to 2.9 per cent in 2023, then rise to 3.1 per cent in 2024. "Our growth projections actually for India are unchanged from our October Outlook.
Virtually supporting India's precondition for any peace talks with Pakistan, a top United States diplomat on Thursday said Islamabad needs to do more to bring to justice the perpetrators of the Mumbai terror attack, which claimed over 170 lives including six Americans. Robert Blake, now tipped to become the Assistant Secretary of State for South and Central Asia Bureau of the State Department, told a powerful Congressional Committee that Pakistan needs to do more on 26/11.
'Domestic will remain very much the core of what IndiGo is.' 'But the emphasis in our next growth phase is going to be on the international side.'
India has completed the construction of the 218-km Zaranj-Delaram Highway in South-Western Afghanistan despite attacks by Taliban and the loss of precious lives of Indian nationals working on the project.
Efforts of the government have been successful in reining in the growth of population, she said in a written reply.
Team Taiwan won't be at Winter Games opening ceremony
United States feels that Kashmir issue won't be part of the agenda during talks between foreign ministers of India and Pakistan next month as the meeting will focus mainly on action against terrorism and the progress Islamabad has made into the Mumbai attacks probe.
The US has said that this is not the appropriate moment for India and Pakistan to hold discussions on the Kashmir issue, as they need to go for confidence building measures first.
The only real solution to the jobs crisis, whether in India or abroad, is to direct tech innovation towards job enhancing sectors, and disincentivising job-replacing ones, observes R Jagannathan.
Pakistan's offer to normalise relations with India is an attempt to buy temporary peace due to its economic and politico-strategic compulsions, notes Brigadier Narender Kumar (retd).
The Taliban and the Al Qaeda seem to have quietly expanded their recruiting base from South and Central Asia to European nations like Germany, United Kingdom and France and even to the United States, with many of the new recruits traveling to Pakistan and Afghanistan for terror training. The Washington Post, in a major article on Monday, said the new target countries are now struggling to stop their nationals from being recruited by the Al Qaeda and the Taliban.
"It is important that they feel that they're going to be able to live a future of hope and of opportunity, that the internally displaced people that are now in camps -- there are still approximately 100,000 of them -- that they be allowed to go back to their homes," US Assistant Secretary of State for South and Central Asia, Robert Blake said.
United States has begun preparations to accord a "robust" welcome to Prime Minister Manmohan Singh in November, the first state visit of the Obama administration, to make it a special visit for the Indian leader and a "milestone" event in the Indo-US relationship.
Terming reconciliation with Taliban as "necessary", a senior state department official has said that there is nothing "evil" about engaging militants in the political process if they abandon violence. "I think it's necessary, but I wouldn't necessarily call it that evil," US assistant secretary of state for south and central Asia, Richard Boucher said.
The further expansion and upgrade of the Chinese military does not augur well for India, which continues to confront an increasingly belligerent China on its borders, notes former foreign secretary Shyam Saran.
Robert O Blake, the new Assistant Secretary of State for South and Central Asia, making his debut before the House Foreign Affairs Committee Thursday, said Secretary of State Hillary's Clinton's trip to India next month will be a tangible manifestation of the Obama Administration's commitment to take the Indo-US relationship to the next level.
"No other relationship of India has as many layers as our relations with China. We are the world's two most populous countries and among the fastest growing major economies. Our cooperation is expanding," he said.
The historic Indo-United States civilian nuclear agreement is on the right track, even as New Delhi has to complete a few formalities in this regard, said a top US diplomat. "It (nuke deal) is going very well, Senator. There are still a couple of steps that the Indians have to take to fully implement that agreement," Ambassador Robert Blake, the Obama nominee for the Assistant Secretary of State for South and Central Asia, said.
The Assistant Secretary of State said trade and agriculture is a major pillar of Indo-US relationship.
A federal counter intelligence probe against former top American diplomat Robin Raphel, who also lobbied for Pakistan post retirement, would not impact America's ties with South Asian countries, a US official has said.
Foreign Service Officer Robert Orris Blake, Jr, who is currently the United States' Ambassador to Sri Lanka, before which he served as Deputy Chief of Mission at the US Embassy in New Delhi from 2003 to 2006, is the top contender for the post of the Assistant Secretary of State for South and Central Asia, currently held by diplomat Richard Boucher.
With an aim to increase its exports business, biscuit maker Britannia Industries is betting big on new international markets.
Searchers using sonar equipment on Wednesday located the wreckage of the ill-fated AirAsia plane carrying 162 people at the bottom of the Java Sea off Indonesia, even as bad weather hampered the recovery of many bloated bodies seen floating around the crash site.
Taking to Instagram Stories, Anushka shared the screenshot of BCCI secretary Jay Shah's tweet and reacted to the post with three clapping emojis. The actor is set to play former pacer Jhulan Goswami in the upcoming film "Chakda Xpress".
Ajmal's story is as much the story of hopeless poverty as of state failure as of recalcitrant regional hegemony as of misplaced concreteness.
The report has been lauded by a cross section of US lawmakers, academics and non-governmental organisations for its sustained effort to alleviate the lot of Hindu minorities in several countries in South and Central Asia, the Middle East.
The 41-year-old former Soviet Air Force pilot dubbed the 'merchant of death', is accused of supplying weapons to rebels in Colombia and warring sides in several countries reeling under civil conflict in Africa and Central Asia, using the cover of his air cargo business.
'Even though as Xi will seemingly continue to stay in power beyond his third term, competitions for the post-Xi leadership would be inevitably unfolded beneath the surface of water, and that will be a big headache for Xi the dictator.'
"These funds have been used to help Pakistan prosecute the war on terror along the Pakistan-Afghan border," Assistant Secretary of State for South and Central Asia Richard Boucher said.
'The US-India relationship is in a different league altogether,' Obama administration officials tell Aziz Haniffa/Rediff.com in Washington, DC.
Reliance Industries, India's most valuable company, and state-run gas firm GAIL India on Tuesday joined hands to set up a multi-billion-dollar petrochemical plant in gas-rich Middle-East, Central Asia or Russia.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances