News for 'People's Bank of China'

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.

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.

'Nobody's Asking Where Money Will Come For Freebies'

'Nobody's Asking Where Money Will Come For Freebies'

Rediff.com24 May 2024

'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'

Muizzu strikes reconciliatory tone, says India closest ally, seeks debt relief

Muizzu strikes reconciliatory tone, says India closest ally, seeks debt relief

Rediff.com22 Mar 2024

On Thursday, in his first interview with the local media since assuming office, Muizzu said India was instrumental in providing aid to the Maldives and has implemented the "greatest number" of projects.

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.

'We have taught the Chinese some lessons'

'We have taught the Chinese some lessons'

Rediff.com5 Feb 2024

'In Eastern Ladakh the Chinese attempted salami slicing.' 'Our response has been superb. Our military has responded magnificently.'

'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.'

Softer US inflation, drop in yields prop up domestic markets

Softer US inflation, drop in yields prop up domestic markets

Rediff.com23 Nov 2023

Equity markets rallied after softer-than-expected inflation data in the US and UK rekindled hopes of the end of the rate-hiking cycle by major central banks. The soft inflation reading drove down bond yields and the US dollar, whetting the appetite for risky assets. The 10-year US bond yield fell below 4.5 per cent after topping 5 per cent less than a month ago.

Indian shepherds confront Chinese PLA soldiers at LAC

Indian shepherds confront Chinese PLA soldiers at LAC

Rediff.com31 Jan 2024

The confrontation, which happened on January 2, saw the shepherds reportedly throwing rocks at the Chinese personnel.

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.

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.

'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!'

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.

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.

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.

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.

India to remain fastest-growing major economy in 2024

India to remain fastest-growing major economy in 2024

Rediff.com31 Dec 2023

India decisively withstood global headwinds in 2023 and is likely to remain as the world's fastest-growing major economy on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange reserves. Despite widespread pessimism witnessed among the developed nations and the worsening geopolitical situation, India recorded a gross domestic product (GDP) expansion of 6.1 per cent in the March quarter. The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter. For the first six months of this fiscal, the growth was 7.7 per cent.

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'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.

News Events That Shook The World In 2023

News Events That Shook The World In 2023

Rediff.com26 Dec 2023

From the landing of Chandrayaan 3 to the bombardment of Palestine by Israel, a look at some events that shaped the world in the second half of 2023.

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.

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.

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.

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.

Is Rahul Dividing India To Rule?

Is Rahul Dividing India To Rule?

Rediff.com3 Jul 2024

Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.

China got first 'jhatka' during Galwan: Ex-Army chief Gen Naravane

China got first 'jhatka' during Galwan: Ex-Army chief Gen Naravane

Rediff.com15 Dec 2022

Gen Naravane said that the Indian Army did not hide casualties during Galwan clash in eastern Ladakh as the Chinse have done.

Select unsecured loans up by nearly Rs 7 trillion since 2019

Select unsecured loans up by nearly Rs 7 trillion since 2019

Rediff.com16 Oct 2023

People are availing far more of certain kinds of unsecured loans than was the case before the pandemic. Bank lending for buying consumer durables and funding of credit cards and other personal loans have risen by Rs 6.9 trillion between August 2019 and August 2023, shows a Business Standard analysis of data from the Reserve Bank of India (RBI). These loans are typically unsecured, which means they are provided without collateral.

Two Cheers! India Is In A Good Place

Two Cheers! India Is In A Good Place

Rediff.com2 Jan 2024

While India should be concerned about disparities, the fact is that whereas three decades ago about half the people had incomes greater than $2.15 a day, today seven out of eight do, notes T N Ninan.

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.

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.

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.

'China is ahead of India because our political leadership was behind'

'China is ahead of India because our political leadership was behind'

Rediff.com12 Oct 2022

'You have to be a total anti-national bozo to shut down the Nokia plant in Sriperumbudur, which was the first large manufacturing plant for mobile phones in India.' 'Why was the unit shut down? Because of somebody's ego.'

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.

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.

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.

16th round of India-China military talks likely on July 17

16th round of India-China military talks likely on July 17

Rediff.com13 Jul 2022

India and China are likely to hold the 16th round of high-level military talks on July 17 to resolve the issues in remaining friction points along the Line of Actual Control (LAC) in eastern Ladakh, people familiar with the development said on Wednesday.

China installs new shelters for troops near LAC in Ladakh

China installs new shelters for troops near LAC in Ladakh

Rediff.com27 Sep 2021

The shelters were installed in locations near Tashigong, Manza, Hot Springs and Churup among others, in reflection of simmering tensions between the two sides in the region.

US worried over China bullying India, other neighbours: White House

US worried over China bullying India, other neighbours: White House

Rediff.com11 Jan 2022

The remarks of White House Press Secretary Jen Psaki came ahead of the 14th round of military-level talks between India and China on the 20-month row in eastern Ladakh.

India Inc capital expenditure story gets cement to semiconductor push

India Inc capital expenditure story gets cement to semiconductor push

Rediff.com19 Apr 2024

Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.