News for 'People's Bank of China'

India completes construction of bridge over Galwan river

India completes construction of bridge over Galwan river

Rediff.com19 Jun 2020

The 60-metre bridge is around four kilometres east of the confluence of Shyok and Galwan rivers, and links the narrow mountainous region to the Shyok-Daulat Beg Oldi road.

Why Are FPIs Bailing Out From India?

Why Are FPIs Bailing Out From India?

Rediff.com24 Mar 2022

Since October, FPIs have sold over $26 billion worth of stocks, which is the largest selling ever seen in India, observes Akash Prakash.

'For us, there is no hurry to grow fast'

'For us, there is no hurry to grow fast'

Rediff.com10 Dec 2021

'In the business of money, where you are regulated, the liability lies on the head of the acquirer.' 'It is not a good thing when you cannot spot the risks.'

India has bounced back, real GDP growth to be 7.5%-12.5%: WB

India has bounced back, real GDP growth to be 7.5%-12.5%: WB

Rediff.com31 Mar 2021

India's economy has bounced back amazingly from the Covid-19 pandemic and nationwide lockdown over the last one year, but it is not out of the woods yet, according to the World Bank, which in its latest report has predicted that the country's real GDP growth for fiscal year 21/22 could range from 7.5 to 12.5 per cent.

Chinese village in Arunachal: India must speak up!

Chinese village in Arunachal: India must speak up!

Rediff.com21 Jan 2021

'China wants to change the status quo of India's Northern Border and proves that it can do whatever it wants in what it perceives as its own territory,' states Claude Arpi.

US Wants To Be Friends With Taliban?

US Wants To Be Friends With Taliban?

Rediff.com4 Feb 2022

Regional States will be worried that the US's nascent engagement with the Taliban behind the fig leaf of humanitarian aid enables the return of US intelligence personnel to Afghanistan, observes Ambassador M K Bhadrakumar.

Sensex to hit 32,000 by 2016-end: Societe Generale

Sensex to hit 32,000 by 2016-end: Societe Generale

Rediff.com11 Dec 2015

Indian equities are in a multi-year bull story with capex cycle recovery as the main driver.

How RSS chief dictates govt policy

How RSS chief dictates govt policy

Rediff.com3 Nov 2021

Since 2014, many of Mohan Bhagwat's speeches have acted as cues for government policy.

Can India Be A 'Vishwaguru'?

Can India Be A 'Vishwaguru'?

Rediff.com4 May 2022

Many of the stories, the pictures going out of India worldwide lately with these provocative processions, taunting of Muslims, bulldozers targeting mostly their properties, the sweeping 'othering' of a community of 200 million are painting the front pages and TV screens in the democratic world. That is where most of the friends we covet lie. Soon enough, these will also make our vital friends among the Muslim nations, from Bangladesh to Saudi Arabia and the UAE, uneasy. The best time for course correction is now, asserts Shekhar Gupta.

Why cryptocurrencies will continue to grow in India

Why cryptocurrencies will continue to grow in India

Rediff.com6 Jan 2022

The future of cryptocurrencies in India appears uncertain but that has not deterred young Indians from embracing the so-called 'fourth industrial revolution' world, where interconnectivity and smart automation, much of it relying on blockchain technology, drive human civilisation. Reserve Bank of India (RBI) Governor Shaktikanta Das has repeatedly warned of macroeconomic instability and even "serious consequences" if cryptocurrencies turn mainstream. The country's monetary authority wants a China-like total ban on crypto, not even allowing these currencies to be treated as investments. Though Parliament's website had listed the Cryptocurrency and Regulation of Official Digital Currency Bill as one seeking a total ban of cryptocurrencies in the country, it was not presented in the Winter Session. India now has the highest number of cryptocurrency investors in the world.

How Opposition Can Take On Modi's BJP

How Opposition Can Take On Modi's BJP

Rediff.com11 Aug 2022

The future challenger to Narendra Modi would be somebody who can bring the Hindus and Muslims together again. The Hindus as Hindus, not broken caste groups, asserts Shekhar Gupta.

ED arrests cryptocurrency trader in Chinese online betting scam case

ED arrests cryptocurrency trader in Chinese online betting scam case

Rediff.com11 Dec 2020

It said Naisar Kothari, a resident of Bhavnagar in Gujarat, was arrested under sections of the Prevention of Money Laundering Act (PMLA) and he has been sent to the ED custody till December 22 by a court.

'Indian Army's advantage has been lost'

'Indian Army's advantage has been lost'

Rediff.com22 Feb 2021

'The military advantage the Indian Army had gained by the Special Frontier Force occupying the heights of the Rezang La-Rechin La ridge on the Kailash Range is lost without the PLA withdrawing to east of the Khurnak Fort line.'

Modi shaping surgical strike into 'political asset': Rahul Gandhi

Modi shaping surgical strike into 'political asset': Rahul Gandhi

Rediff.com1 Dec 2018

The Congress president alleged that the surgical strike was made public as the BJP was fighting elections in Uttar Pradesh.

US defence secretary hits ground running, meets PM Modi, NSA Doval

US defence secretary hits ground running, meets PM Modi, NSA Doval

Rediff.com20 Mar 2021

United States Defence Secretary Lloyd J Austin arrived in India on Friday on a three-day visit, aimed at further boosting bilateral defence and security ties in the wake of China's growing military assertiveness in the region including the Indo-Pacific.

What effect will the Chinese markets have on Sensex?

What effect will the Chinese markets have on Sensex?

Rediff.com30 Jun 2015

Chances of a sudden collapse in the Shanghai Composite are remote.

India's Submarine Dilemma

India's Submarine Dilemma

Rediff.com7 Oct 2021

Hydrography (underwater geography) prevents the Indian Navy for opting for an all-conventional, or all-nuclear submarine fleet.

At every step 1.25 billion people of India will stand by Myanmar: PM

At every step 1.25 billion people of India will stand by Myanmar: PM

Rediff.com29 Aug 2016

As Myanmar sets out on a new path after decades of military rule, India on Monday promised whole-hearted support to it in "every step" of its journey as the two countries resolved to deepen ties and actively cooperate to combat terrorism and insurgent activities in the region.

Days after Galwan clash, Army Chief to visit Ladakh

Days after Galwan clash, Army Chief to visit Ladakh

Rediff.com23 Jun 2020

The visit comes a week after 20 Indian Army personnel were killed in a brutal assault by the Chinese military in Galwan Valley which escalated the border tension.

Is Nirmalaji's Economic Optimism Warranted?

Is Nirmalaji's Economic Optimism Warranted?

Rediff.com2 Nov 2021

The government's programmes should be expected to generate some momentum, but the macro-economic numbers are not encouraging, observes T N Ninan.

Climate Change: India Must Walk The Talk

Climate Change: India Must Walk The Talk

Rediff.com25 Nov 2021

India lost around 38.5 thousand hectares of tropical forest in the last decade. Nearly 14 per cent of the country's tree cover! It is one thing for Modi to announce that India will reach a net-zero level of emissions in 2070. But if it is serious, it needs to start today, points out Ramesh Menon.

IMF ups India's growth forecast to impressive 12.5% in 2021

IMF ups India's growth forecast to impressive 12.5% in 2021

Rediff.com6 Apr 2021

The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic. The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9 per cent in 2022. Notably in 2020, India's economy contracted by a record eight per cent, the International Monetary Fund (IMF) said as it projected an impressive 12.5 per cent growth rate for the country in 2021.

Chinese troops approach Indian post with rods, spears

Chinese troops approach Indian post with rods, spears

Rediff.com8 Sep 2020

As tension escalated at the Line of Actual Control (LAC), the sources said around 50-60 soldiers of Chinese People's Liberation Army (PLA) approached the Indian post in the southern bank of Pangon lake area at around 6 pm but the Indian Army personnel posted there strongly confronted them, forcing their retreat.

Can Indians live without Chinese imports?

Can Indians live without Chinese imports?

Rediff.com1 Jul 2020

'India imports 70 per cent of its bulk drugs from China. Are we going to live without antibiotics?' asks Debashis Basu.

Govt announces post-retirement jobs for Agniveers as protests erupt

Govt announces post-retirement jobs for Agniveers as protests erupt

Rediff.com15 Jun 2022

The Centre on Wednesday announced a raft of post-retirement employment possibilities for 'Agniveer' like priority in recruitment to the central armed police forces (CAPF) and Assam rifles but that failed to assuage the concerns of the opposition Congress which warned the 'transformative' 'Agnipath' scheme will reduce the operational effectiveness of the armed forces.

Ford dealers staring at huge loss: FADA

Ford dealers staring at huge loss: FADA

Rediff.com9 Sep 2021

Ford dealers in India are staring at huge losses with the automaker deciding to shut production in the country with immediate effect, automobile dealers' body FADA said on Thursday. Terming the company decision as shocking, the industry body noted that the dealers have invested over Rs 2,000 crore in creating sales infrastructure while employing around 40,000 people across the country. "The auto retail fraternity is really shocked to hear another Ford India's announcement where it has said that it will shut down production with immediate effect," FADA president Vinkesh Gulati said in a statement.

'Modi has wasted his time with religious things'

'Modi has wasted his time with religious things'

Rediff.com16 Jan 2020

'Outside investors don't want to get tangled up in a religious war.'

'They are using the pandemic to push their reforms'

'They are using the pandemic to push their reforms'

Rediff.com18 May 2020

'The Modi government is about privatising profits and nationalising losses.'

Markets recoil as RBI's 2nd booster shot fails to dispel COVID gloom

Markets recoil as RBI's 2nd booster shot fails to dispel COVID gloom

Rediff.com22 May 2020

Axis Bank was the top laggard in the Sensex pack, plunging more than 5 per cent, followed by HDFC, Bajaj Finance, ICICI Bank, Tata Steel, Bajaj Auto, HDFC Bank and IndusInd Bank. On the other hand, M&M, Infosys, Asian Paints, UltraTech Cement and Tech Mahindra were among the gainers.

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Rediff.com22 Jan 2021

A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.

Indian economy in better shape to tackle Covid 2nd wave: CEA Subramanian

Indian economy in better shape to tackle Covid 2nd wave: CEA Subramanian

Rediff.com17 Apr 2021

'Overall, compared to the previous episode, we are in a better shape because the vaccine is already out there and vaccination drives are proceeding'

ADB cuts India's FY19 growth forecast to 5.1%

ADB cuts India's FY19 growth forecast to 5.1%

Rediff.com11 Dec 2019

Asian Development Bank on Wednesday lowered India's economic growth forecast for FY2019 to 5.1 per cent on slowing job prospects, rural distress exacerbated by poor harvest and credit crunch. Growth in FY2020 is likely to recover thanks to this support, low oil prices, and a weakening rupee, but risks to the projections remain tilted to the downside, it said on India.

Sensex ends FY20 on a high note, rallies 1,028 points

Sensex ends FY20 on a high note, rallies 1,028 points

Rediff.com31 Mar 2020

ITC was the top gainer in the Sensex pack, rallying over 7 per cent, followed by Reliance Industries, ONGC, Tata Steel, Tech Mahindra, Sun Pharma and SBI. On the other hand, IndusInd Bank plunged nearly 15 per cent. Maruti, Bajaj Finance and Titan were the other laggards.

Sheena Bora Trial: Is Rahul afraid of Indrani?

Sheena Bora Trial: Is Rahul afraid of Indrani?

Rediff.com24 Jun 2022

'She seems to have disappeared off the face of the planet after telling different people different things.'

Bo Xilai's trial adjourns abruptly in China

Bo Xilai's trial adjourns abruptly in China

Rediff.com25 Aug 2013

Disgraced Chinese leader Bo Xilai's high-profile trial was abruptly adjourned after prosecutors produced more evidence to nail the former Communist strongman, who in turn described his ex-police chief and a key witness as a "liar with extremely bad character."

'Nation remains grateful to Galwan bravehearts'

'Nation remains grateful to Galwan bravehearts'

Rediff.com15 Jun 2021

On the first anniversary of the deadly clashes, the army said the supreme sacrifice of the soldiers while fighting the adversary in the "most difficult" high altitude terrain will be "eternally etched" in the memory of the nation.

India Must Build 10 Million Houses A Year

India Must Build 10 Million Houses A Year

Rediff.com23 Dec 2021

The purchase or construction of houses by large numbers of people can add meaningfully to India's economic growth, points out Neelkanth Mishra.

Kashmir and Palestine: A similar story

Kashmir and Palestine: A similar story

Rediff.com11 Dec 2020

The people in both places have lived in a state of denial, refusing to accept the bald fact that resorting to violence against an infinitely superior force is suicidal, observes T N Ninan.

Dear Nirmalaji, please encourage tourism

Dear Nirmalaji, please encourage tourism

Rediff.com15 Jan 2021

Nangiohbok Rymbai, a graduate in economics who works as a daily wage labourer in Shillong, tells Rediff.com's A Ganesh Nadar what he would like to see in Finance Minister Nirmala Sitharaman's Budget.

What are 10,000 Chinese troops doing in India?

What are 10,000 Chinese troops doing in India?

Rediff.com2 Jun 2020

The Indian Army has been slow to react. Indian troops have deployed in the vicinity of PLA incursions, but there are no attempts to outflank Chinese positions.