News for 'People's Bank of China'

Trump's Disruptions: Blessing In Disguise

Trump's Disruptions: Blessing In Disguise

Rediff.com13 Feb 2025

We must bring a laser focus on our own interests, and define our friends and foes more clearly instead of trying to live by somebody else's rules. We must grow up, think for ourselves, think India First, asserts R Jagannathan.

Marco And Mike Are Good News For India

Marco And Mike Are Good News For India

Rediff.com13 Nov 2024

'Communist China continues to aggressively expand its domain in the Indo-Pacific region.' 'It's crucial for the USA to continue its support in countering these malicious tactics.' 'India, along with other nations in the region, is not alone.'

'India's Growth Is In Serious Trouble'

'India's Growth Is In Serious Trouble'

Rediff.com13 Feb 2025

'We face the risk of remaining a low-income country for a very long time unless something changes in the next few years.' 'Instead of constantly talking about becoming a developed economy, we need to start fixing the problems of the economy one by one.' 'There is so much potential, and we are squandering away the opportunity.'

India to press for early disengagement in talks with China

India to press for early disengagement in talks with China

Rediff.com12 Aug 2023

India is set to press for early disengagement of troops from the remaining friction points in eastern Ladakh at a fresh round of high-level military talks with China on August 14, people familiar with the matter said on Saturday.

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.

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".

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.

Ladakh Disengagement: What's The Reality?

Ladakh Disengagement: What's The Reality?

Rediff.com11 Nov 2024

The government needs to answer the critical question of whether it has accepted any restrictions on its infrastructure creation activities, asserts Ajai Shukla.

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.

Indians see China, not Pak as their greatest threat: US Congressman

Indians see China, not Pak as their greatest threat: US Congressman

Rediff.com25 Apr 2023

"China creeps towards hegemony in Asia, threatens India's borders, and treats other countries as junior partners, Indian-American Congressman Ro Khanna said.

Prosperity Is Not India's Birth Right

Prosperity Is Not India's Birth Right

Rediff.com30 Nov 2024

If growth reverts to the pre-Covid level, a lot of people may have to temper their rosy optimism, points out Debashis Basu.

Why India Will Like Shigeru Ishiba

Why India Will Like Shigeru Ishiba

Rediff.com4 Oct 2024

Shigeru Ishiba is expected to prioritise strengthening Japan's military capabilities and fostering deeper international partnerships, particularly with India, with whom Japan shares significant strategic interests, explains Dr Rajaram Panda.

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).

'AI Might Enslave Or Annihilate Us'

'AI Might Enslave Or Annihilate Us'

Rediff.com10 Dec 2024

'It is the first technology in history which is not just a tool, it is an agent.' Yuval Noah Harari on the dangers on AI.

'We Expect 1 Million Start Ups By 2035'

'We Expect 1 Million Start Ups By 2035'

Rediff.com13 Mar 2025

'Binary fission will happen -- startups will lead to more startups.'

'You Can't Expect To Get Hot Potatoes From Colleges'

'You Can't Expect To Get Hot Potatoes From Colleges'

Rediff.com12 Nov 2024

'It is the responsibility of industry to take the very bright talent whose knowledge of software engineering basics is very high, and then give them additional skills.'

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.

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.

'AI Has Pushed India 5 To 7 Years Behind!'

'AI Has Pushed India 5 To 7 Years Behind!'

Rediff.com19 Sep 2024

'Unfortunately, most of our students use AI to replace knowledge when they should be using the AI tools to enhance their knowledge.' 'I am sorry to say, even those students who have opted to study AI have no idea what AI is.'

'Markets Not In Panic Yet, But...'

'Markets Not In Panic Yet, But...'

Rediff.com7 Oct 2024

'If you see another 1000-point correction, people may start panicking.'

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.

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.

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.

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'

'Jobs Have To Be Created Everywhere'

'Jobs Have To Be Created Everywhere'

Rediff.com25 Jul 2024

'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'

The RBI Story: 90 Years And Going Strong

The RBI Story: 90 Years And Going Strong

Rediff.com24 Apr 2024

Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.

'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.

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.

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'

'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.

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.

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.

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.

'In Equity Markets, One Has To Be Patient'

'In Equity Markets, One Has To Be Patient'

Rediff.com12 Nov 2024

'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'

'RBI In No Hurry To Do Big Rate Cuts'

'RBI In No Hurry To Do Big Rate Cuts'

Rediff.com30 Sep 2024

'If you look at where inflation (headline and core) is today in India and where the rates are, there's clearly room to cut rates.'

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.

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.