News for 'People's Bank of China'

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.

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.

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.

'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.'

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.

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's PLA troops withdraw from Eastern Ladakh

China's PLA troops withdraw from Eastern Ladakh

Rediff.com16 Feb 2021

The army shared pictures of tanks and convoys of light armored vehicles moving with soldiers and equipment towards the rear areas as part of the disengagement process. Large number of Chinese tanks can be seen moving away from the south bank of the Pangong Tso.

Digital currency race: China leads. India must catch up

Digital currency race: China leads. India must catch up

Rediff.com23 Oct 2020

India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.

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.

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.

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.

China's forex reserves sparks liquidity concerns

China's forex reserves sparks liquidity concerns

Rediff.com12 Jan 2011

China's foreign exchange reserves hit a new high of $ 2.85 trillion in 2010 but the 18.7 per cent increase over last year sparked concerns about the country's already excessive liquidity which was blamed for high level inflation in the country.

'China can lift a village overnight'

'China can lift a village overnight'

Rediff.com19 Nov 2021

'India and China are already in a warlike situation.'

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.

Xi declares victory in eradicating poverty in China

Xi declares victory in eradicating poverty in China

Rediff.com25 Feb 2021

Xi said that all poor people in rural areas have been lifted out of poverty. With this, China has achieved the United Nations goal of poverty eradication 10 years ahead of the 2030 deadline, he said.

'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.'

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.

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'.

Won't allow any unilateral attempt by China to alter LAC: Jaishankar

Won't allow any unilateral attempt by China to alter LAC: Jaishankar

Rediff.com19 Jun 2022

Jaishankar said China, in violation of the 1993 and 1996 agreements not to mass troops on the Line of Actual Control, chose to do so, and added that its attempt was obviously to unilaterally change the LAC.

China confirms Wednesday's border talks, says border 'stable'

China confirms Wednesday's border talks, says border 'stable'

Rediff.com11 Jan 2022

China said on Tuesday that the current situation on the border areas with India was "stable" as it confirmed that the 14th round of Corps Commander-level talks to discuss the disengagement process in the remaining friction points in eastern Ladakh will be held on Wednesday.

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.

'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's population at 1.41bn, may begin to decline by 2022

China's population at 1.41bn, may begin to decline by 2022

Rediff.com11 May 2021

China's birth rate has been in decline since 2017, despite easing of the 'one-child policy' in order to avert an incoming demographic crisis.

Has COVID-19 soured India-China relations further?

Has COVID-19 soured India-China relations further?

Rediff.com23 Apr 2020

'The virus of trust deficit seems to be taking a toll of the friendship built over the years by succeeding leaderships of the two countries,' notes Rup Narayan Das.

No full convertibility of yuan: China

No full convertibility of yuan: China

Rediff.com13 Mar 2006

China will reform its foreign exchange system in an orderly way and will not bend to pressure from the US to float the yuan, governor of the People's Bank of China, Zhou Xiaochuan has asserted.

Jack Ma goes on first foreign tour since China crackdown

Jack Ma goes on first foreign tour since China crackdown

Rediff.com20 Oct 2021

Jack Ma, China's billionaire and founder of e-commerce giant Alibaba, has travelled to Europe for an agriculture study tour, his first trip abroad since he ran into trouble with the Chinese government last year over violating anti-monopoly regulations.

'China Wants To keep India On The Hook'

'China Wants To keep India On The Hook'

Rediff.com12 Sep 2022

'This was Indian land the PLA advanced on and occupied.' 'The Chinese then 'negotiated' a pullback of their troops a small distance on Indian territory even as Indian jawans draw back further into India from the forward position.' 'An apparently satisfied Indian government says this is a great move for peace! How great is that for China!'

Pentagon reveals China's border tactics with India

Pentagon reveals China's border tactics with India

Rediff.com4 Nov 2021

China has been taking "incremental and tactical actions" to press its claims at the Line of Actual Control (LAC) with India and has unsuccessfully sought to prevent New Delhi from deepening its relationship with the US during and subsequent to the standoff, the Pentagon has said in a major report on China's military modernisation.

Indo-US military drills near LAC in October make China see red

Indo-US military drills near LAC in October make China see red

Rediff.com25 Aug 2022

Tan said that China has always stressed that military cooperation of relevant countries, especially on exercises and training activities, should not be targeted at any third party, but rather serve to help maintain regional peace and stability.

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.

India, China agree to disengage from Gogra

India, China agree to disengage from Gogra

Rediff.com3 Aug 2021

The actions on the ground would be confirmed and are expected to be followed up soon.

US, allies cut off Russian banks from SWIFT

US, allies cut off Russian banks from SWIFT

Rediff.com27 Feb 2022

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the world's main banking messaging service which links around 11,000 banks and institutions in more than 200 countries, including India.

China Plus One: Low labour costs and growing workforce give India the edge

China Plus One: Low labour costs and growing workforce give India the edge

Rediff.com5 Dec 2022

A combination of one of the lowest labour costs and a large surplus workforce, which will continue to grow until 2031, is one of the key competitive edges that India is leveraging to challenge its rivals in Southeast Asia in the race for a China-Plus-One strategy. Apart from India, the countries in the race to woo global companies that manufacture in China, as well as the supply chains to their country include Thailand, Indonesia, Malaysia, the Philippines, and Vietnam. On the labour front, India is a clear winner.

China hikes defence budget to $230bn, three times that of India's

China hikes defence budget to $230bn, three times that of India's

Rediff.com5 Mar 2022

China hiked its annual defence budget by 7.1 per cent.

Japanese tech investor SoftBank's investment in India may fall to a third

Japanese tech investor SoftBank's investment in India may fall to a third

Rediff.com10 Jun 2022

Japanese tech investor SoftBank may end up investing around $1 billion in India in 2022, nearly a third of what it did last year, according to people closely tracking its plans. Last year, SoftBank undertook investments of $3.2 billion in 12 deals. In the first five months of CY22, the giant investor has invested $400-500 million in five deals.

India returns captured PLA soldier to China

India returns captured PLA soldier to China

Rediff.com11 Jan 2021

The sources said the soldier was handed back to China at the Chushul-Moldo border point in eastern Ladakh at 10.10 am.

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'.

No major headway in India, China talks post Tawang clash

No major headway in India, China talks post Tawang clash

Rediff.com23 Dec 2022

A joint statement released on Thursday said both sides exchanged views in an 'open and constructive' manner to resolve the 'relevant issues' and that it was agreed to maintain 'security and stability' on the ground in the region.

China, US hold military-level talks over Afghanistan

China, US hold military-level talks over Afghanistan

Rediff.com28 Aug 2021

Deputy director for the People's Liberation Army Office for International Military Cooperation Major General Huang Xueping held a video conference with his US counterpart Michael Chase last week.