News for 'People's Bank of China'

LAC row: Indian Army strengthens dominance in Ladakh

LAC row: Indian Army strengthens dominance in Ladakh

Rediff.com10 Sep 2020

The Indian Army has occupied several key heights in the strategically located Rezang-La and Reqin-La areas on the southern bank of the lake since the end of August.

Want Stronger Rupee? Manage The Economy

Want Stronger Rupee? Manage The Economy

Rediff.com12 Jul 2022

India's politicians need to do a better job of managing the economy: Inflation control, productivity improvement, etc, asserts T N Ninan.

Reserve Bank isn't done with rate cuts, says Rajan

Reserve Bank isn't done with rate cuts, says Rajan

Rediff.com30 Aug 2015

Says impact of crisis in China won't be as big here as in some other countries

The perils of China's slowing economy

The perils of China's slowing economy

Rediff.com11 Feb 2015

Chinese leaders may well respond to challenges with heightened rhetoric.

'Markets to remain volatile in near-term'

'Markets to remain volatile in near-term'

Rediff.com26 Oct 2021

Investors with high risk appetite must stay invested while risk-averse investors can consider profit booking.

China assures new Brahmaputra dam will have no impact on India

China assures new Brahmaputra dam will have no impact on India

Rediff.com9 Oct 2016

"The reservoir capacity of the project is less than 0.02 per cent of the average annual runoff of the Yarlung Zangbo-Brahmaputra. It cannot have an adverse impact on the downstream," Chinese foreign ministry said to a question on concerns over the dam.

How India Can Tackle Security Challenges

How India Can Tackle Security Challenges

Rediff.com9 Jun 2022

India has the ability in all respects to be a great power and address our security challenges in the best national interests, says Commodore Venugopal Menon (retd).

Nearly 5mn Indians forced to flee their homes due to disasters in 2021: UN

Nearly 5mn Indians forced to flee their homes due to disasters in 2021: UN

Rediff.com17 Jun 2022

"The largest displacements in the context of disasters in 2021 occurred in China (6.0 million), the Philippines (5.7 million) and India (4.9 million). Most disaster displacements during the year were temporary," it said.

Why Should Data Not Go Private?

Why Should Data Not Go Private?

Rediff.com21 Nov 2022

The development of private data sources is a hugely positive development. It should serve as a challenge to the government to improve its own record on producing timely and reliable statistics, points out T N Ninan.

'Whatever the government says, take with ton of salt!'

'Whatever the government says, take with ton of salt!'

Rediff.com18 Aug 2022

'The prospects for both India and the global economy is that we are headed towards a very difficult time.' 'I see very uncertain at least 8-10 months for both India and the rest of the world.'

Countering Chinese Propaganda Act introduced in US Congress

Countering Chinese Propaganda Act introduced in US Congress

Rediff.com25 Feb 2021

A legislation has been introduced in the United States Congress for countering the Chinese propaganda by creating a new sanctions authority against state-backed disinformation networks.

China at it again, intrudes 6 km into Ladakh

China at it again, intrudes 6 km into Ladakh

Rediff.com11 Mar 2016

The incident occurred on March 8 when a platoon of at least 11 PLA men led by a colonel-rank officer crossed over the imaginary LAC.

5 economic lessons India can learn from China

5 economic lessons India can learn from China

Rediff.com17 Sep 2014

The biggest lesson China can teach India is that when it comes to sustaining a love affair with investors, nothing works better than an undervalued currency and its by-product: a current-account surplus.

A global approach for inflation

A global approach for inflation

Rediff.com29 Aug 2008

Grand schemes for macroeconomic policy coordination have a mixed record.

Xi Jinping writes to Modi, offers help to fight COVID-19

Xi Jinping writes to Modi, offers help to fight COVID-19

Rediff.com30 Apr 2021

"I am very concerned about the recent situation of COVID-19 pandemic in India. On behalf of the Chinese Government and people, as well as in my own name, I would like to express sincere sympathies to the Indian Government and people," according to the message from President Xi to Prime Minister Modi.

'In 15 years, India will be what China is today'

'In 15 years, India will be what China is today'

Rediff.com5 Jan 2015

Arvind Panagariya speaks about climate change, globalisation and India's economy.

WazirX controversy bares crypto's trade secrets in India

WazirX controversy bares crypto's trade secrets in India

Rediff.com25 Aug 2022

A few days back, Finance Minister Nirmala Sitharaman urged the start-up community and public to deal in cryptocurrency with caution because everything that was floating around was not currency. In the first week of August, the country's top nine crypto exchange platforms were summoned by the Directorate of Enforcement (ED) in Hyderabad. The exchanges were questioned for money laundering, especially over a number of Indian non-banking financial companies and their fintech partners for predatory lending practices in violation of the Reserve Bank of India (RBI) guidelines and by using tele-callers who misuse personal data and use abusive language to extort high interest rates from the loan takers.

Key principle of India's ties with China is reducing divergence: Prez

Key principle of India's ties with China is reducing divergence: Prez

Rediff.com24 May 2016

Mukherjee said Prime Minister Narendra Nodi and Chinese President Xi Jinping Would be meeting soon on the margins of G-20 summit scheduled to be held in China later this year.

Bank woes: 'When they need surgery, they are using a bandage'

Bank woes: 'When they need surgery, they are using a bandage'

Rediff.com13 May 2016

'The day-to-day control of banks is in the hands of political bosses and bureaucrats who are not answerable.' 'The political system uses the banks as a helicopter to throw money to the sector they want to patronise in order to win the next election.'

World Bank hails Aadhaar, India saves $1 billion per annum

World Bank hails Aadhaar, India saves $1 billion per annum

Rediff.com14 Jan 2016

India is on track to register its entire 1.25 billion population using its Aadhaar digital ID.

'Stock market was being sold false narrative for past few months'

'Stock market was being sold false narrative for past few months'

Rediff.com21 Apr 2022

'Thankfully, most investors in India have now seen through this false narrative and are once again deploying their hard-earned money.

Global economy projected to expand by 3% this year: World Bank

Global economy projected to expand by 3% this year: World Bank

Rediff.com14 Jan 2015

Following another disappointing year in 2014, developing countries should see an uptick in growth this year, boosted in part by soft oil prices, a stronger US economy, continued low global interest rates, and receding domestic headwinds in several large emerging markets, it added.

India's Jobs Crisis

India's Jobs Crisis

Rediff.com25 Feb 2022

The number of Indians over 15 either working or looking for work is lower as a percentage than in the United States, China, Bangladesh or Pakistan, points out Aakar Patel.

Chinese troops transgressed LAC in Uttarakhand on Aug 30: Sources

Chinese troops transgressed LAC in Uttarakhand on Aug 30: Sources

Rediff.com28 Sep 2021

The transgression took place on August 30, and the Chinese troops returned from the area after spending few hours, they said.

Army Chief on two-day visit to Ladakh, reviews security situation

Army Chief on two-day visit to Ladakh, reviews security situation

Rediff.com4 Sep 2020

On the first day of his two-day visit to Ladakh, Gen Naravane held a series of meetings with top commanders about the evolving situation in the region as well as on India's overall combat readiness to deal with any eventualities, military sources said.

'Markets will be in consolidation mode for some time'

'Markets will be in consolidation mode for some time'

Rediff.com15 Jun 2022

'Investors need to expect steady returns over the next one to two years with bouts of high volatility.'

Pan-India 'Fraud-to-Phone' gang busted; 8 arrested, 300 phones seized

Pan-India 'Fraud-to-Phone' gang busted; 8 arrested, 300 phones seized

Rediff.com15 Jun 2021

A pan-India 'fraud-to-phone' network has been busted by security agencies, which have also arrested eight people and seized nearly 300 new mobile phones bought with stolen funds, officials said on Tuesday. Moreover, 900 mobile phones, 1,000 bank accounts and hundreds of unified payment interface (UPI) and e-commerce IDs of this gang have been identified and are under investigation. Nearly 100 bank accounts, and debit and credit cards have been frozen by the security agencies so far, officials said.

China stocks tumble as regulator warns of 'panic'

China stocks tumble as regulator warns of 'panic'

Rediff.com8 Jul 2015

Chinese stock markets have slumped 30 per cent since mid-June.

'India to surpass China with 7.8% growth'

'India to surpass China with 7.8% growth'

Rediff.com24 Mar 2015

ADB projected China's growth to decelerate from 7.4 per cent

'India Inc's profits rising on wage squeeze'

'India Inc's profits rising on wage squeeze'

Rediff.com10 Dec 2020

The handsome 25 per cent rise in corporate profits in the September quarter amid a sharp contraction in GDP was on the back of wage squeezes, leading to rise in inequalities in India, economist Nouriel Roubini said on Thursday. This rising inequality is "dangerous" politically and socially because only a few people in the economy are benefitting, the economics professor at New York's Stern School of Business said. Roubini said earnings of listed entities have risen 25 per cent in the September quarter, which means that wages and income are getting "squeezed, if not collapsed".

HSBC to cut up to 50,000 jobs, slash investment bank

HSBC to cut up to 50,000 jobs, slash investment bank

Rediff.com9 Jun 2015

The job cuts will affect almost a fifth of the bank's workforce.

Reliance slips 59 places on Fortune list; ranks 155th

Reliance slips 59 places on Fortune list; ranks 155th

Rediff.com2 Aug 2021

Billionaire Mukesh Ambani's oil-to-telecom conglomerate Reliance Industries Ltd slipped 59 places to rank 155th on the 2021 Fortune Global 500 list released on Monday. Reliance took a beating on the rankings as revenues dropped owing to the COVID-19 pandemic. This is its lowest ranking since 2017. Walmart continues to top the Fortune list with a revenue of $524 billion, followed by China's State Grid at $384 billion.

Modi tells China frankly it erred in siding with Pak on Lakhvi

Modi tells China frankly it erred in siding with Pak on Lakhvi

Rediff.com9 Jul 2015

Prime Minister Narendra Modi has "strongly" and "clearly" conveyed concerns to Chinese President Xi Jinping over Beijing blocking a proposal for action by the United Nations against Pakistan on the release of jailed Mumbai attack mastermind Zaki-ur-Rehman Lakhvi, with India rejecting the "weak evidence" theory propounded by Beijing in this regard.

India to replace China as the fastest growing economy: Ambani

India to replace China as the fastest growing economy: Ambani

Rediff.com4 Dec 2014

India will surpass China as the world's fastest growing economy in the next 2-3 years, says RIL chairman Mukesh Ambani.

'Government doesn't believe unemployment is a problem'

'Government doesn't believe unemployment is a problem'

Rediff.com9 Feb 2022

'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'

Top Army commanders review situation along LAC in Ladakh

Top Army commanders review situation along LAC in Ladakh

Rediff.com17 Jun 2021

Top commanders of the Army on Thursday carried out a comprehensive review of India's overall security challenges including in eastern Ladakh as well as other sensitive areas along the Line of Actual Control with China on the first day of a two-day conference, people familiar with the development said.

Chinese soldier held on Indian side of LAC In Ladakh

Chinese soldier held on Indian side of LAC In Ladakh

Rediff.com9 Jan 2021

The capture of the Chinese soldier comes in the midst of an eight-month-long bitter border standoff between the two armies in eastern Ladakh.

How serious is China about investing in India?

How serious is China about investing in India?

Rediff.com18 Sep 2014

Another sobering number is that the total Chinese investment in India in the past 10 years amounts to $400 million.

'India is becoming less and less attractive for FIIs'

'India is becoming less and less attractive for FIIs'

Rediff.com14 Dec 2021

'In the overall global portfolio, India's weighting has come down in the past seven months.'

Why Xiaomi's India head hires people who are smarter than him

Why Xiaomi's India head hires people who are smarter than him

Rediff.com22 Dec 2016

Manu Kumar Jain, India head, Xiaomi, tells Sangeeta Tanwar how the Chinese smartphone maker won over the Indian market.