Any additional effort to assuage the growing worldwide hunger for infrastructure funding is more than welcome, says Barun Roy.
Indian graziers were stopped by Chinese troops from moving ahead near the Line of Actual Control (LAC) in the Demchok region of eastern Ladakh over a week ago, people familiar with the development said on Monday.
In the past two weeks China has cut interest rates.
The 'China model' will command less respect in India, which could help improve policy formulation.
Apart from cotton, copper, petroleum and industrial machinery, India does not export much to China. This means that India buys six times the merchandise it sells to China, points out Abhishek Waghmare.
Dealers attributed the fall to the dollar's gains after China devalued yuan, which pushed up demand from importers for the US currency.
The Asian Development Bank (ADB) on Wednesday slashed India's GDP growth forecast for FY23 to 7 per cent from the earlier estimate of 7.2 per cent mainly on account of higher inflation and a tight monetary policy. India's economy grew 13.5 per cent year-on-year in the first quarter of 2022-23, reflecting strong growth in services, ADB said in its second supplement to Asian Development Outlook Report 2022 (ADO 2022). "However, GDP growth is revised down from ADO 2022's forecasts to 7 per cent for FY2022 (ending March 2023) and 7.2 per cent for FY2023 (ending March 2024) as price pressures are expected to adversely impact domestic consumption, and sluggish global demand and elevated oil prices will likely be a drag on net exports," ADB said.
Rediff.com takes a look inside the capsized Eastern Star ferry and finds remnants of the ruination of over 400 lives in its detritus.
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
Over 500 soldiers, 1,000 people and 62 speedboats have been sent for rescue work while more than 10,000 people have been sent to ensure the safety of river banks.
Chinese tech unicorn ByteDance co-founder billionaire Zhang Yiming on Thursday announced that he will step down as CEO, in a surprise move that signalled a major leadership shake-up at the nine year-old technology firm which created popular global short-video app TikTok. Zhang, 38, who is one of China's wealthiest entrepreneurs, said he is ready to step down after nearly a decade of running the world's largest unicorn, becoming the latest among the country's technology founders to quit in their prime. Zhang will step down from his role as CEO of the Beijing-based ByteDance, giving up his day-to-day responsibilities to "be more impactful on longer-term initiatives," the Hong Kong-based South China Morning Post quoted the company announcement on Thursday.
The National People's Congress is hearing a proposal to provide a legal guarantee for private entrepreneurs.
Premier Li Keqiang highlighted his government's performance in the last one year and the challenges ahead in various fields. Compared to other reports by his predecessors, Li spoke more frankly about the mounting challenges faced by the country. Srikanth Kondapalli on the two recent Chinese parliament sessions.
'People trust India and Indians a lot more than they trust China and the Chinese.'
'India is the largest stomping ground in the world for impact investing as we have an extraordinary combination of entrepreneurial drive with huge, absolute demand for all kinds of social services,' IDFC First Bank's chief Rajiv Lall tells Anjuli Bhargava.
'If credit is not available, people will postpone buying. That's what has happened.'
'Mahatma Gandhi's principle of non-violence was all-encompassing -- human against human, human against animal and more importantly human against nature.'
Markets will continue to remain volatile till the Chinese economy shows some signs of stability
'Wang Yi said the border issue is important and we should stay committed to peacefully addressing it through consultation and coordination.'
China's move to devalue its currency has exposed the fragility of its economy.
Chinese President Xi Jinping, who made a rare visit this week to the restive Xinjiang region which borders Ladakh, met the troops and officers stationed there and praised their "outstanding contributions" to the border defence and stabilisation of the volatile province.
In South Asia, the poverty would fall to 13.5 per cent in 2015.
At a media briefing, External Affairs Ministry Spokesperson Arindam Bagchi said India monitors such developments.
"All temporary structures and other allied infrastructure created in the area by both sides have been dismantled and mutually verified. The landform in the area has been restored by both sides to the pre-standoff period," the Army said in a statement.
The defence minister also took an indirect dig at Gandhi for "doubting" the government's intention in the handling of the border row with China and said politics can not be done on the basis of "falsehood".
Rumours that Mr Xi was a market reformer appear to have been exaggerated.
The 2800 kilometer rail route could be a critical component for the Bangladesh-China-India-Myanmar corridor that seeks cross border trade and flow of people
'China's moves are of direct significance to India, which will closely monitor Chinese naval activity in the Bay of Bengal and the Indian Ocean not least because of Chinese maps depicting claims over the Andaman and Nicobar Islands.'
Why is China's supreme leader promoting Han Chauvinism so aggressively, asks Claude Arpi.
India's state banks are under pressure to improve profitability.
The office building housing Chinese supercomputer Tianhe-1, one of the world's fastest supercomputers, suffered damage.
The external environment has worsened further. While the Finnish economy entered into a recession, Swedish economic growth also dipped. The Finnish gross domestic product (GDP) dropped 0.6 per cent in October-December, 2022. It was the second quarter of negative growth, which is a technical definition of recession.
'The mood in Beijing is already nervous and feverously watchful.' 'Developments in China will be scrutinised as intensely and nervously as the ones in Washington,' says Claude Smadja.
In yet another gory social revenge attack in China, a bank security team leader angry over the way his divorce case was handled barged into a local court and opened fire with a machine gun on Tuesday, killing three judges and injuring three more before turning the weapon on himself.
Xi Jinping has accumulated great power, but he faces trials that are just as great, says Claude Smadja.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
'Building on the potential for closer ties is the changing narrative in each country about the other. The Chinese narrative on India has become significantly more positive over the past few years,' says Walter Andersen and Zhong Zhenming.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
The chaos on its stock markets, a fierce battle between the old and new guard in the Communist Party and the restive border provinces of Tibet and Xinjiang forebode tough times ahead for China, says Claude Arpi.
India's rural employment guarantee programme MNREGA has been ranked as the world's largest public works programme, providing social security net to almost 15 per cent of the country's population, the World Bank has said.
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