Biden said that 100 days since he took the oath of office on January 20 and inherited the worst pandemic in a century and the worst economic crisis in a decade, America is on the move again, turning peril into possibility, crisis into opportunity and setback into strength.
Even as global investors were pulling out their money from India, Non-Resident Indians (NRIs) deposited $1 billion in bank deposits (net of withdrawals) during the three month period of October-December 2008. There was a net outflow of $0.9 billion in the same period a year ago, according to the Economic Survey.
In April, the US stopped funding to WHO as the Trump administration reviewed the ties.
Prime Minister Narendra Modi arrived in Berlin for an overnight stopover on his way to Brazil for the Brazil, Russia, India, China and South Africa (BRICS) Summit meeting that will address regional crises and security threats to restore a climate of peace while advancing global economic stability.
Rating agency Standard & Poor's is using the experience of working with the Indian rating agency, Crisil, a subsidiary of S&P, to its advantage. Deven Sharma, president, Standard & Poor's, spoke to Rajesh Bhayani
If the Centre and states are keen on spending more to meet the COVID-19 challenges in the coming year, they must bear in mind the need to raise more resources through taxes and non-tax revenues, suggests A K Bhattacharya.
"We are facing a global health crisis unlike any in the 75-year history of the United Nations -- one that is killing people, spreading human suffering, and upending people's lives. But this is much more than a health crisis. It is a human crisis," Guterres said.
As many as five plagues have come out of China in the last 20 years and at some point it has to stop, United States National Security Advisor Robert O'Brien has said, holding the country responsible for the origin of the coronavirus pandemic which has killed over 250,000 people globally.
It is time we pre-empt Pakistan and the separatists by fast tracking normalcy, advises Colonel Anil A Athale (retd).
'This is a period of significant uncertainty, of unknown unknowns.'
If crises are to be detected and dealt with promptly, those charged with the task must be able to speak clearly and with authority.
During the week ended November 9, emerging market equity funds attracted in $2.1 billion, marking the fourth straight week of inflows.
'A strong foreign exchange reserve is the best safety net against global spillovers.'
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Twenty years of economic reforms later, the Indian elephant has morphed into a tiger, averaging 8.5 per cent growth in the last decade. . .
President Mamnoon Hussain on Wednesday accused India of "running away" from talks.
Going forward, the February factory output may be impacted as several industries such as automobiles, technology, pharma and fashion have some exposure to imports of raw and intermediate materials from China.
So how does India achieve a super rate of growth? The Confederation of Indian Industry has come up with a 10-point plan to achieve this goal by 2014 and to catapult India into the league of economic giants.
Facing the twin task of fighting the coronavirus pandemic today and building a better tomorrow, the world is experiencing a new Bretton Woods moment, IMF managing director Kristalina Georgieva said
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
It's hard to fathom why billionaires like Rajaratnam stake their reputation for tiny additions to their wealth.
India's goal of self-reliance has been paramount in the policy and practice of the country. The COVID-19 crisis gave us lessons on how to speed up efforts in that direction, he said.
'If Asia does become a Chinese dominated space, it will not only be because India failed to get its economic act together but also because it did not stand up for its democratic credentials,' warns Shyam Saran, the former foreign secretary.
the ratings agencies have been inconsistent in their treatment of China and India. Given this record -- what we call Poor Standards -- my question is: why do we take these rating analysts seriously at all?," Chief Economic Adviser Arvind Subramanian said on Thursday.
It is our only chance of avoiding a repeat of our catastrophic second wave, asserts Naushad Forbes.
Not only is the current US financial crisis not solved, the seeds are there for even more serious crises in the future, writes Deepak Lal.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
In his address to the nation on the eve of 73rd Republic Day, President Kovind noted that democracy, justice, liberty, equality and fraternity form the bedrock of India and stressed that the observance of Fundamental Duties mentioned in the Constitution creates the proper environment for the enjoyment of Fundamental Rights.
The Trump administration has accused WHO of taking side with China in the coronavirus outbreak that has brought America's economy to a standstill.
Modi said that violence, abuse and rude behaviour against frontline workers is not acceptable
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
Residents did not bolt for the exit, dampening the crisis' financial impact.
At a recent brainstorming session on 'After effects of Financial Meltdown: World Economy', held at the Amity Campus in Noida, Uttar Pradesh, Lord Meghnad Desai expressed his views through a written message, as he could not make it to the event.
The current financial crisis originated in advanced economies, and therefore its impact is witnessed across the globe, a top Reserve Bank of India (RBI) official said on Friday.
Twin objectives of promoting recovery in the global economy and to put in place a set of reforms in the international financial system to help prevent future crises of this type taking place are crucial for G20, said a top US Treasury official. G20 is a group of 20 leading and emerging economies of the world representing more than 85 per cent of the global economy.
With bank stability still high on corporate and investor agenda, Global Finance publishes its 18th annual list of the world's safest banks.
Massive restrictions on legal immigration - including restricting immigrants who contribute to medicine, science, and research in the United States, and who are working to develop treatments for coronavirus and other deadly diseases - will not only hinder efforts to save lives, but prevent job creation and hurt American economy as the country struggles to recover.
A Ganesh Nadar listens in during Congress spokesperson Sanjay Jha's speech to the IMC in Mumbai.
It seems that notwithstanding the global financial crises, India is set to become a high-growth state and more of a welfare state under the new government.
The UN secretary-general appealed to the member states to attend the Rome summit scheduled for early June at the highest level to work out the strategies to address and overcome the crisis caused by the fast rising prices of food. Ban Ki-moon, who is sending personal invitation to all heads of state and government, called on the world leaders to come with fresh ideas, stressing that it is time for "real commitment and real action."
