News for 'People's Bank of China'

Oh, Kolkata!

Oh, Kolkata!

Rediff.com7 Oct 2024

5 Must Do Things in Kolkata.

BRICS bank launched in China as alternative to World Bank, IMF

BRICS bank launched in China as alternative to World Bank, IMF

Rediff.com21 Jul 2015

The opening ceremony was held in China's financial capital.

How India Won Back Maldives's Trust

How India Won Back Maldives's Trust

Rediff.com12 Sep 2024

The avoidable stresses and strains in ties helped in one way. It showed for the entire region how a matured India handled diplomatic relations, especially with a smaller and suspicious neighbour, with practised dignity and patience, unruffled by provocations in word, deed and action, observes N Sathiya Moorthy.

China issues flood alert in Brahmaputra; Arunachal, Assam caution people

China issues flood alert in Brahmaputra; Arunachal, Assam caution people

Rediff.com30 Aug 2018

A senior official of the Union water resources ministry said it was an unprecedented situation on the Chinese side where Tsangpo broke a 150-year record with swollen waters and hence China has shared the information with India.

China reports 48 new coronavirus cases, 1 death

China reports 48 new coronavirus cases, 1 death

Rediff.com31 Mar 2020

The overall confirmed cases on the mainland have reached 81,518 as of Monday, which included 3,305 people who died of the of disease.

Time To Shut Down Coaching Classes?

Time To Shut Down Coaching Classes?

Rediff.com24 Aug 2024

The coaching-tuition-profiteering model built on the back of a broken education system is a scandal and an abomination, and must go, asserts Shekhar Gupta.

India shows China the way to deal with bad debt

India shows China the way to deal with bad debt

Rediff.com6 May 2016

While Modi must worry about the electoral backlash of bailing out state-owned banks, China's communist rulers face fewer constraints.

Rediff's Wave Rider Retires!

Rediff's Wave Rider Retires!

Rediff.com1 Nov 2024

We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.

Biden nominates ex-Mastercard CEO Ajay Banga to head World Bank

Biden nominates ex-Mastercard CEO Ajay Banga to head World Bank

Rediff.com23 Feb 2023

At the World Bank Banga will be replacing David Malpass, a former Trump treasury official, reports axios.com. Malpass had already announced that he will resign by July, months ahead of his term expired. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement. Banga, 63, currently serves as vice chairman at General Atlantic.

Chinese central bank hikes stake in HDFC to 1.01%

Chinese central bank hikes stake in HDFC to 1.01%

Rediff.com12 Apr 2020

People's Bank of China's holding in HDFC stood at 1,74,92,909 equity shares, accounting for 1.01 per cent of the share capital of the company as of March-end, as per exchange data.

Ram Teri Ganga Maili

Ram Teri Ganga Maili

Rediff.com12 Jun 2024

Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.

India, China agree to 'speed up' resolution of LAC standoff: Chinese Defence Ministry

India, China agree to 'speed up' resolution of LAC standoff: Chinese Defence Ministry

Rediff.com25 Apr 2023

Chinese foreign ministry spokesperson Mao Ning told the media in Beijing on Monday that the two sides held an in-depth exchange of views on expediting the resolution of relevant issues.

Prachanda inaugurated China-funded Pokhara airport two weeks ago

Prachanda inaugurated China-funded Pokhara airport two weeks ago

Rediff.com15 Jan 2023

The Nepal government signed a $215.96 million soft loan agreement with China in March 2016 for the construction of the airport in this tourist hub.

China rate hike good for India

China rate hike good for India

Rediff.com1 Nov 2004

5 Chinese nationals killed in suicide attack in Pak

5 Chinese nationals killed in suicide attack in Pak

Rediff.com26 Mar 2024

At least five Chinese nationals were among the six persons killed on Tuesday when an explosive-packed vehicle rammed into their bus in Pakistan's troubled northwestern province of Khyber-Pakhtunkhwa, officials said.

Satellite shows China building new bridge in Pangong area

Satellite shows China building new bridge in Pangong area

Rediff.com18 May 2022

The people familiar with the development said the new bridge is being built in an area that is over 20 km from the Line of Actual Control (LAC).

Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

Rediff.com16 Feb 2024

The syndicate used "stooge" bank accounts and shell companies to transfer the largest amount linked to a single case recorded in the city, the Customs and Excise Department of Hong Kong said.

NEET: Cure The Disease Not The Symptoms

NEET: Cure The Disease Not The Symptoms

Rediff.com17 Jul 2024

'The Indian private sector knows how to build and run educational organisations, what is needed is a large dose of removal of restrictions.' 'Government restrictions hold back universities in India from launching medical schools,' argue Ajay Shah and Vijay Kelkar.

Currency very close to equilibrium: China

Currency very close to equilibrium: China

Rediff.com6 Mar 2013

Since China activated exchange rate reform in 2005, the value of RMB yuan against US dollar has surged by more than 30 per cent, he said refuting persistent US allegations that as world's largest exporter China benefited by keeping low exchange rate for its currency.

'Economy Is Not Creating Enough Jobs'

'Economy Is Not Creating Enough Jobs'

Rediff.com27 May 2024

'The policy focus of the government should have been on creating more good quality jobs but that was not their focus.'

Paytm Crisis: StartUp Founders Take Note

Paytm Crisis: StartUp Founders Take Note

Rediff.com22 Feb 2024

Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.

Weak global economic scenario could affect China

Weak global economic scenario could affect China

Rediff.com12 Mar 2012

The Chinese central bank on Monday warned the country could face huge uncertainties in the wake of slow world recovery process and the unstable economic and financial situation in Europe.

China acknowledges inflation pressure

China acknowledges inflation pressure

Rediff.com9 Aug 2007

China's central bank has finally acknowledged that the nation's booming red-hot economy is facing increasing pressure from spiralling prices and inflation risks are "worthy of attention".

Beijing deserting Russia? Two Chinese banks suspend business with Moscow

Beijing deserting Russia? Two Chinese banks suspend business with Moscow

Rediff.com7 Mar 2022

Radio Free Europe reported that the Asian Infrastructure Investment Bank, a Chinese-led development bank, suspended all business with Russia and Belarus on March 3.

Our votebank is every Indian: Kharge writes to Modi

Our votebank is every Indian: Kharge writes to Modi

Rediff.com2 May 2024

In a scathing attack on Prime Minister Narendra Modi, Congress president Mallikarjun Kharge on Thursday said when the elections are over, people will only remember him as the PM who indulged in 'divisive and communal speeches filled with lies' to avoid an inevitable defeat.

China, India should be partners rather than rivals: Chinese FM

China, India should be partners rather than rivals: Chinese FM

Rediff.com7 Mar 2022

'China and India have encountered some setbacks in recent years which do not serve the fundamental interests of the two countries and the two peoples'

Govt open to bring any change in Agnipath scheme if...: Rajnath

Govt open to bring any change in Agnipath scheme if...: Rajnath

Rediff.com29 Mar 2024

Defence Minister Rajnath Singh on Thursday defended the Agnipath scheme underlining that the future of youths joining as Agniveers would not be impacted, even as he said the government was 'open' to bring any change in it 'if required'.

Volatile living: India, China's bold monetary experiment

Volatile living: India, China's bold monetary experiment

Rediff.com15 Nov 2013

Both central banks targeted interbank rates to control the supply of money, aiming for a more surgical monetary tool than orthodox bank reserves or policy interest rates.

Meet halfway to push bilateral relations back on track: China to India

Meet halfway to push bilateral relations back on track: China to India

Rediff.com23 Jun 2022

'The two sides should support rather than undermine each other, strengthen cooperation rather than guard against each other, and enhance mutual trust rather than be suspicious of each other'

India to be a $30 trillion economy by 2047: Sitharaman

India to be a $30 trillion economy by 2047: Sitharaman

Rediff.com10 Jan 2024

India will become the third largest economy by 2027-28, with a GDP of over $5 trillion, Finance Minister Nirmala Sitharaman said on Wednesday. Even going by conservative estimates, the size of the Indian economy will be $30 trillion by 2047, she noted. "It is possible that we will be the third largest economy by 2027-28, and our GDP will cross $5 trillion by that time. By 2047, it is a conservative estimate that we will reach at least $30 trillion in terms of economy," Sitharaman said at the Vibrant Gujarat summit.

Foreign Policy As A Poll Tool Can Be Harmful

Foreign Policy As A Poll Tool Can Be Harmful

Rediff.com29 May 2024

It is time the political leaderships in this country arrived at a common ground over issues of foreign and security policy concerns. There has to be a greater communication between the government and the Opposition leaderships for the nation to present a unified face against the rest of the world, advises N Sathiya Moorthy.

'China only understands strength'

'China only understands strength'

Rediff.com10 Jan 2022

'If you behave like a nail, the adversary will behave like a hammer.'

Ladakh standoff: China hopes for a solution in March 11 talks

Ladakh standoff: China hopes for a solution in March 11 talks

Rediff.com10 Mar 2022

'We hope this round of meeting, on the basis of previous meetings, can move forward, further enlarge consensus, narrow differences and work for a solution that is acceptable to both parties,' the spokesperson said in updated comments posted on the ministry's website.

'New Investors Won't Digest Such Falls'

'New Investors Won't Digest Such Falls'

Rediff.com23 Jan 2024

'If individual stocks start falling 25% to 30% or more, then I doubt how many of them will be able to withstand that (kind of selloff). That is when you'll see panic coming in.'

'China has no regard for boundaries'

'China has no regard for boundaries'

Rediff.com4 Jan 2022

'Putting tanks on the Ladakh border is not enough to combat China, what is needed to ensure resilience against any cyber-attacks or attacks in outer space or China flexing its economic muscle, as it did with Australia.'

Aim to make India core in global energy revolution: Ola Electric

Aim to make India core in global energy revolution: Ola Electric

Rediff.com1 Jul 2024

In March 2021, Ola Electric founder Bhavish Aggarwal was seen surveying an empty 500-acre land surrounded by shoe factories, temples, bakery shops, coconut trees and dusty roads in Pochampalli town of Krishnagiri district, Tamil Nadu. Many excavators and workers were busy at the construction site to build the Ola Futurefactory for electric vehicles.

China building bridge over Pangong lake on its territory: Sources

China building bridge over Pangong lake on its territory: Sources

Rediff.com4 Jan 2022

Military experts said the aim of constructing the bridge in the Khurnak area could be to ensure that the Chinese People's Liberation Army is able to quickly mobilise its troops in the region.

Invites show the world is sure of Modi's victory: Rajnath

Invites show the world is sure of Modi's victory: Rajnath

Rediff.com14 Apr 2024

Defence Minister Rajnath Singh on Sunday claimed that Prime Minister Narendra Modi has been receiving invitations for functions scheduled much after the Lok Sabha polls, which showed the 'entire world believes his return to power is inevitable'.

When Will Modi Privatise Public Sector Banks?

When Will Modi Privatise Public Sector Banks?

Rediff.com20 Oct 2021

Unlike any other national asset, which is typically sold to the highest bidder, the profile of the bidder is the most important criterion for a licence to bank, and even for acquiring more than 5 per cent stake, explains Tamal Bandyopadhyay.

China offers to restore peace in 'grave' Ukraine

China offers to restore peace in 'grave' Ukraine

Rediff.com11 Mar 2022

Premier Li, replying to a question on China's refusal to criticise Russia's military action against Ukraine, said that utmost efforts should be made to support Russia and Ukraine in carrying forward ceasefire negotiations.