News for 'People's Bank of China'

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."

Army top brass reviews combat readiness in Eastern Ladakh

Army top brass reviews combat readiness in Eastern Ladakh

Rediff.com25 Oct 2021

Top commanders of the Indian Army on Monday carried out a comprehensive review of the country's security challenges, including in eastern Ladakh and other sensitive areas along the Line of Actual Control (LAC) with China, on the opening day of a four-day conference, people familiar with the developments said.

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.

'If Putin succeeds, Russia will be an unquestioned great power'

'If Putin succeeds, Russia will be an unquestioned great power'

Rediff.com25 Feb 2022

'The aim of Russian policy is to reform European security, stop NATO expansion and in a more general sense -- set up the new rules of relations between the great powers.' 'From this perspective. the invasion of Ukraine is quite pointless.'

Govt grants special powers to forces to buy weapons

Govt grants special powers to forces to buy weapons

Rediff.com22 Jun 2020

The government has also relaxed certain rules to cut delays in military purchase like allowing the three services to procure required weapons and equipment from a single vendor, the sources said.

'Preserve Capital In 2022'

'Preserve Capital In 2022'

Rediff.com21 Dec 2021

'For someone who wants to invest for the future or his family, diversification is necessary.' 'Diversify across asset classes -- equities, gold, real estate, fixed income, commodities, and even cryptocurrency.'

Sri Lankan protesters camp outside PMO demanding ouster of Rajapaksas

Sri Lankan protesters camp outside PMO demanding ouster of Rajapaksas

Rediff.com26 Apr 2022

Thousands of demonstrators have hit the streets since April 9, as the government ran out of money for vital imports; prices of essential commodities have skyrocketed and there are acute shortages in fuel, medicines and electricity supply.

PM visits recovering jawans injured in Galwan Valley clash

PM visits recovering jawans injured in Galwan Valley clash

Rediff.com3 Jul 2020

"Our country has never bowed down and will never bow down to any world power, and I am able to say this because of braves like you," Prime Minister Narendra Modi said on Friday while interacting with the soldiers, who were injured in the June 15 clash with the Chinese troops in eastern Ladakh's Galwan Valley.

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.

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.

Top Army officers to review JK killings, Ladakh row

Top Army officers to review JK killings, Ladakh row

Rediff.com24 Oct 2021

People familiar with the development said Chief of Army Staff General M M Naravane and the top commanders will review the country's combat readiness in eastern Ladakh where Indian and Chinese troops have been locked in a bitter standoff for 17 months.

'For better growth figures, we need healthier banks'

'For better growth figures, we need healthier banks'

Rediff.com16 May 2016

Arun Jaitley interview.

INS Visakhapatnam: India's Most Potent Destroyer

INS Visakhapatnam: India's Most Potent Destroyer

Rediff.com23 Nov 2021

INS Vishakapatnam's ground attack and anti-ship capabilities are achieved through a bank of BrahMos cruise missiles that can be fired at targets up to 295 km away.

'I see the genius of the Indian people'

'I see the genius of the Indian people'

Rediff.com1 Dec 2014

'Never lose your optimism. Never lose your aspiration and never -- even if India becomes a prosperous consumer society -- never ever lose that shining light in your eyes,' advises Dr Peter McLaughlin, headmaster of the Doon School.

'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.'

Jhunjhunwala's candid advice for Indian investors

Jhunjhunwala's candid advice for Indian investors

Rediff.com27 Mar 2021

The growth opportunity for a business, people running the business, governance structure at a company, technology adoption and the firm's belief in frugality are the list of priorities which should be considered before choosing a stock to invest in, Jhunjunwala said.

Trends that made the markets nervous in 2015

Trends that made the markets nervous in 2015

Rediff.com2 Nov 2015

The Indian stock market had rallied through the first fortnight of October but it gave back the bulk of its gains in the second half.

India's Employment Rate Lower Than Pakistan, Bangladesh

India's Employment Rate Lower Than Pakistan, Bangladesh

Rediff.com9 Feb 2022

Only West Asia and North Africa have a lower employment rate than India, points out Mahesh Vyas.

Chinese yuan seen depreciating further; rupee to remain stable

Chinese yuan seen depreciating further; rupee to remain stable

Rediff.com4 Sep 2015

The renminbi is expected to weaken another 2 per cent in six months.

Be prepared for fresh Covid waves, warns WHO's Soumya Swaminathan

Be prepared for fresh Covid waves, warns WHO's Soumya Swaminathan

Rediff.com15 Jul 2022

There is mounting evidence that suggests that Omicron subvariants -BA.4 and BA.5 - are infecting people who have been vaccinated.

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.

Lanka protesters surround PM Mahinda's residence

Lanka protesters surround PM Mahinda's residence

Rediff.com24 Apr 2022

Thousands of Inter University Students' Federation (IUSF) students were seen sloganeering outside the Prime Minister's Residence in Wijerama Mawatha.

Benchmark indices race to fresh highs on global cues

Benchmark indices race to fresh highs on global cues

Rediff.com27 Aug 2018

The BSE Sensex surged over 442 points to close at its life-time high of 38,694.11 and the broader NSE Nifty ended at a fresh record of 11,691.95, rising 134.85 points.

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.

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.

'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.'

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.

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.

'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.'

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.

'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.'

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.

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.

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.

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.

Rupee @ 80: Imports, foreign education, travel to be hit

Rupee @ 80: Imports, foreign education, travel to be hit

Rediff.com15 Jul 2022

The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price. However, it is a boon for the exporters as they receive more rupees in exchange for dollars. The rupee depreciation has wiped away some of the gains that would have accrued to India from international oil and fuel prices dropping to pre-Ukraine war levels.

'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.'

COVID-19 attack on US worse than Pearl Harbour, 9/11: Trump

COVID-19 attack on US worse than Pearl Harbour, 9/11: Trump

Rediff.com7 May 2020

The coronavirus has infected 1.2 million Americans and killed more than 73,000.

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.

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.