News for 'People's Bank of China'

China ship capsize: 26 dead as rescuers race to find survivors

China ship capsize: 26 dead as rescuers race to find survivors

Rediff.com3 Jun 2015

More than 4,000 rescue workers are racing against time to find survivors amid rough weather conditions.

Army rescues 3 Chinese citizens lost in Sikkim

Army rescues 3 Chinese citizens lost in Sikkim

Rediff.com5 Sep 2020

The humanitarian gesture by the army came when it is dealing with an aggressive behaviour by the Chinese troops in eastern Ladakh.

Separate biometric ID for people not in Assam NRC: Centre tells SC

Separate biometric ID for people not in Assam NRC: Centre tells SC

Rediff.com14 Aug 2018

After the publication of the final list of NRC, those people whose name will figure in it will be given usual Aadhaar number as applicable to legal residents in the country.

The Risks Of Declaring Victory Too Soon

The Risks Of Declaring Victory Too Soon

Rediff.com25 Oct 2022

India has much to be proud of and celebrate. But there is also much that is wrong, much that looks dangerous. Employment, current account deficit, rural distress, agricultural productivity are all in deep crisis, points out Shekhar Gupta.

Chinese troops fired shots in air: Indian Army

Chinese troops fired shots in air: Indian Army

Rediff.com8 Sep 2020

The use of firearms along the LAC marks a serious escalation in border tensions as the previous instance of shots being fired at the de-facto border was in 1975.

India wants solution through dialogue: Rajnath on LAC row

India wants solution through dialogue: Rajnath on LAC row

Rediff.com30 Aug 2021

Recalling the Galwan incident, he said the bravery, valour and restraint shown by the Indian Army are incomparable and unparalleled.

The Big Mac Inflation Index

The Big Mac Inflation Index

Rediff.com23 Jan 2023

The ever-astute Ravi Matthai, Director of Indian Institute of Management, Ahmedabad in 1971, offered me a basic salary of Rs 1,000 per month on my return from the United States. I doubt if IIMA could hire a faculty member at Rs 55,000 per month today! points out Dr Shreekant Sambrani.

Chinese MoD reportedly seeks meeting with Rajnath in Moscow

Chinese MoD reportedly seeks meeting with Rajnath in Moscow

Rediff.com4 Sep 2020

According to information, the Chinese side conveyed to the Indian mission its keenness to have a meeting between the two defence ministers.

Where's the 56 inch chest gone: Rahul mocks PM's China visit

Where's the 56 inch chest gone: Rahul mocks PM's China visit

Rediff.com27 Apr 2018

The Congress president spoke of how Modi had hosted Xi in his home state Gujarat and the Chinese troops made an incursion into Indian territory.

Sensex catches coronavirus, falls 458 points

Sensex catches coronavirus, falls 458 points

Rediff.com27 Jan 2020

Markets across the world are increasingly turning volatile on concerns over the global economic impact of the coronavirus after China announced sharp increases in the number of people affected in the outbreak, analysts said.

'Unemployment is unprecedented'

'Unemployment is unprecedented'

Rediff.com27 Jan 2022

'In May 2020-2021, nearly 10 crores (100 million) lost jobs. 'Covid is not the reason for the present crisis. It aggravated the crisis.'

IAF chief reviews operational preparedness along LAC

IAF chief reviews operational preparedness along LAC

Rediff.com4 Sep 2020

Air Chief Marshal Bhadauria asked the air warriors to maintain a very high-level of alertness considering the evolving situation in Pangong lake region in eastern Ladakh following China's unsuccessful attempts to occupy certain strategic points in the area, the officials said on Thursday.

Buffett on US-China, missing Amazon story, cryptocurrency

Buffett on US-China, missing Amazon story, cryptocurrency

Rediff.com7 May 2018

Here's a pick of what Warrenn Buffett had to say over the weekend, and his annual 'Woodstock for Capitalists'.

China and Pakistan just did something that will anger India

China and Pakistan just did something that will anger India

Rediff.com20 Apr 2015

Brushing aside India's concerns, China on Monday cemented its "all-weather ties" with Pakistan by agreeing to build a strategic $46 billion (Rs 2.9 lakh crore) economic corridor through Pakistan-occupied Kashmir as part of 51 deals signed, expanding the communist giant's influence in the region.

Taliban: Time for India to think BOLD

Taliban: Time for India to think BOLD

Rediff.com25 Aug 2021

Like China, India too should connect the dots and move ahead with a long-term perspective in Afghanistan, advises Ambassador M K Bhadrakumar.

Modi to chair virtual BRICS Summit on Sep 9

Modi to chair virtual BRICS Summit on Sep 9

Rediff.com6 Sep 2021

The meeting will be attended by Russian President Vladimir Putin, Chinese President Xi Jinping, South African President Cyril Ramaphosa and Brazil's Jair Bolsonaro, according to the MEA.

Sensex tanks 807 pts as coronavirus alarm spreads

Sensex tanks 807 pts as coronavirus alarm spreads

Rediff.com24 Feb 2020

All Sensex components ended in the red, with Tata Steel cracking 6.39 per cent, followed by ONGC, Maruti, Titan, ICICI Bank, HDFC and Bharti Airtel.

In India, cash will remain king for many more years

In India, cash will remain king for many more years

Rediff.com16 Nov 2021

Rapid strides in digital payments notwithstanding, the Indian economy will likely remain cash-dependent for many years to come, at least that's what the automated teller machine makers and cash logistics companies are betting on. After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows data from the Reserve Bank of India (RBI). The reason for the steep rise in currency last year was the uncertainties related to the Coronavirus (Covid-19) pandemic, where people preferred to hoard cash to meet exigencies.

After a brief fall, Sensex ends higher; banks gain, IT declines

After a brief fall, Sensex ends higher; banks gain, IT declines

Rediff.com16 Nov 2015

Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.

Faster roll out of 5G to have greater impact: Airtel

Faster roll out of 5G to have greater impact: Airtel

Rediff.com21 Apr 2022

Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest telco, said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology to be introduced as soon as possible. "5G is important and that's why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much," Mittal said at the Times Network India Economic Conclave.

India bolsters presence in Pangong lake area; military talks inconclusive

India bolsters presence in Pangong lake area; military talks inconclusive

Rediff.com2 Sep 2020

The sources also said another round of military talks between the two sides on Wednesday to defuse tensions in the area remained inconclusive. The talks lasted nearly seven hours.

AGR woes hit telecom, financial stocks; Sensex Nifty end in red

AGR woes hit telecom, financial stocks; Sensex Nifty end in red

Rediff.com18 Feb 2020

On the Sensex chart, Bharti Airtel was the biggest loser with nearly 3 per cent drop in its share price. It was followed by IndusInd Bank, Maruti Suzuki, HeroMoto Corp and Tata Steel.

Rajan warns of risks from yuan devaluation

Rajan warns of risks from yuan devaluation

Rediff.com20 Aug 2015

The rupee has fallen more than 2 per cent against the dollar since the yuan devaluation

'Don't expect major cuts in direct tax rates'

'Don't expect major cuts in direct tax rates'

Rediff.com18 Jan 2023

'You may see some movement indicating a simpler tax regime with less exemptions but with fewer tax rates making life simpler for taxpayers.'

Sensex ends 153 pts lower; Nifty slips below 12,100

Sensex ends 153 pts lower; Nifty slips below 12,100

Rediff.com20 Feb 2020

Asian Paints, HUL, TCS, Tech Mahindra, Reliance Industries, UltraTech Cement were among the top laggards in the Sensex pack.

Why Indian telcos love China's Huawei, ZTE

Why Indian telcos love China's Huawei, ZTE

Rediff.com27 Dec 2018

'The huge amount of investments being made by telcos in India for telecom gear, there is no way this demand could be met only by Europeans.' 'The Chinese are quick in installation and offer great value for money.'

How Will History See Today's Supreme Court?

How Will History See Today's Supreme Court?

Rediff.com15 Aug 2022

History would not see the institution kindly if it continues to avoid, as appears to be the case, hearing and deciding some of the most pressing issues of our time, asserts Aakar Patel.

China, India should resolve boundary issue quickly: PM

China, India should resolve boundary issue quickly: PM

Rediff.com24 Oct 2013

Outlining seven principles of engagement for closer cooperation between India and China, Prime Minister Manmohan Singh on Thursday said the two countries should show sensitivity to each other's interests and sovereignty and move quickly to resolve the boundary issue.

China's shrinking economy

China's shrinking economy

Rediff.com11 Apr 2008

The World Bank recently announced that the Chinese and Indian economies are 40 per cent smaller than previously estimated. The new data are based on improved estimates of purchasing power parity (PPP). The basic idea is that, when comparing incomes across countries, variations in purchasing power should be taken into account. Price levels in China and India, among other developing countries, turn out to be much higher than previously estimated.

Indian soldiers push back 100 PLA troops in Tawang

Indian soldiers push back 100 PLA troops in Tawang

Rediff.com8 Oct 2021

It is learnt that the face-off took place after a Chinese patrol tried to enter Indian territory and the troops of China's People's Liberation Army were forced back.

Video shows Chinese soldiers crying as they allegedly head to Sino-India border

Video shows Chinese soldiers crying as they allegedly head to Sino-India border

Rediff.com23 Sep 2020

The video was reportedly shot at Fuyang Railway Station while the troops were preparing to head to a military camp in Hebei province, according to Taiwan News.

Boris Johnson has done Modi a favour

Boris Johnson has done Modi a favour

Rediff.com11 Jan 2021

'We don't need to hinge India-UK relations on shared hostility toward China,' observes Ambassador M K Bhadrakumar.

Time For India to Lend Sri Lanka A Helping Hand

Time For India to Lend Sri Lanka A Helping Hand

Rediff.com15 Apr 2022

New Delhi has a chance to rid itself of its image as the bully in the subcontinent by helping a neighbour tackle problems that India, for once, has no role in creating. It should grab the opportunity with both hands, suggests Aditi Phadnis.

'A year after Galwan, India better prepared to deal any eventualities'

'A year after Galwan, India better prepared to deal any eventualities'

Rediff.com14 Jun 2021

'The Galwan Valley clashes helped us prioritise our national security approach towards the northern border'

India strengthens military presence in Pangong lake area: Sources

India strengthens military presence in Pangong lake area: Sources

Rediff.com31 Aug 2020

The Army has also further bolstered overall surveillance mechanisms in all areas along the Line of Actual Control (LAC) in eastern Ladakh after foiling China's fresh attempt to occupy an area on the southern bank of Pangong lake, they said.

Disengagement process in Pangong Tso areas going as per plan: Sources

Disengagement process in Pangong Tso areas going as per plan: Sources

Rediff.com15 Feb 2021

The Chinese and Indian armies continued with the disengagement process in the North and South banks of Pangong lake in eastern Ladakh as per plan and the entire pullback exercise is expected to take another six-seven days, sources in the defence and security establishment said on Monday.

BRICS may agree on $100 billion currency fund

BRICS may agree on $100 billion currency fund

Rediff.com28 Aug 2013

BRICS countries may reach consensus at next month's G20 summit on creating a $100 billion currency reserve fund to help ease short-term liquidity pressure and safeguard financial stability of major emerging economies, a senior Chinese central bank official said.

RBI likely to cut interest rate again in June

RBI likely to cut interest rate again in June

Rediff.com8 May 2019

Monetary policy easing, coupled with the relaxation of lending rules and greater election-driven fiscal spending in the first quarter of 2019, will provide some support to growth during the first half of 2019-20 fiscal

Situation in India's banking sector is not grim at all: K V Kamath

Situation in India's banking sector is not grim at all: K V Kamath

Rediff.com17 Oct 2016

Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.

Why Sri Lanka Is In Crisis

Why Sri Lanka Is In Crisis

Rediff.com4 Apr 2022

The protests brought home the fact that the Sri Lankan public is in no mood for halfway measures, as voices against Rajapaksa 'family rule' and 'securitisation' of the civilian administration began sidestepping the more critical economic crisis, affecting the nation and afflicting the individual, observes Sri Lanka watcher N Sathiya Moorthy.