News for 'People's Bank of China'

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.

Andaman & Nicobar can attract Hong Kong investments

Andaman & Nicobar can attract Hong Kong investments

Rediff.com9 Jun 2020

'Leaders of the Indian community in Hong Kong had broached the idea of developing the Andaman and Nicobar islands for investment and setting up manufacturing units,' points out Rup Narayan Das.

Will Beijing's woes be India's gain?

Will Beijing's woes be India's gain?

Rediff.com3 Sep 2015

China's economy is worse than it really is, but then these are emblematic of the baffling self-congratulatory mood that exists in India today.

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.

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.

Trump fear forces old enemies to thaw ties

Trump fear forces old enemies to thaw ties

Rediff.com30 Oct 2018

'Both Japan and China face a common challenge: How to deal with Trump.' 'The trade war with the US seems to have facilitated/hastened Abe's China visit, the first by a Japanese prime minister since 2011,' points out Dr Rajaram Panda.

Modi needs to listen to good advice

Modi needs to listen to good advice

Rediff.com21 Jul 2020

Listening -- really listening -- to advisers in the government and outside would help. India has plenty of wise economists who have worked within the bureaucracy during previous crises, points out Rahul Jacob.

The Many Firsts Of Droupadi Murmu

The Many Firsts Of Droupadi Murmu

Rediff.com22 Jun 2022

When elected on July 18 -- which is almost a certainty, given the NDA's numbers in the electoral college -- Droupadi Murmu will be the first President born after Independence.

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.

What ails the Chinese economy?

What ails the Chinese economy?

Rediff.com7 Jan 2016

On Wednesday, the Chinese authorities extended a ban on sales of shares by large shareholders.

Armed forces told to forcefully deal with Chinese aggression along LAC

Armed forces told to forcefully deal with Chinese aggression along LAC

Rediff.com21 Jun 2020

India has already mobilised fighter jets and sent thousands of additional army troops to forward locations along the border with China after 20 Indian Army personnel were killed in a brutal attack by Chinese troops in eastern Ladakh's Galwan Valley on June 15.

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.

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 BRICS Is Expanded Is Crucial

How BRICS Is Expanded Is Crucial

Rediff.com25 Jun 2022

With its political colour dominated by less than democratic trends, BRICS currently leaves some of us wondering -- where in this grouping is there an assurance that human freedom will be respected unconditionally? It would be nice to see the new members of BRICS drawn from the ranks of countries wedded to preserving and guarding human freedom, observes Shyam G Menon.

Sensex to touch 41,500 points by March 2021

Sensex to touch 41,500 points by March 2021

Rediff.com3 Sep 2020

The liquidity-fuelled rally will continue for some time, however, fundamentals are getting stretched.

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.

Another Chinese invasion, albeit with a difference

Another Chinese invasion, albeit with a difference

Rediff.com30 Jan 2019

Shanghai Gold Exchange plans to open a centre at GIFT City, in partnership with BSE or NSE

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.

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'

Did Modi ignore Xi's betrayal in Ladakh?

Did Modi ignore Xi's betrayal in Ladakh?

Rediff.com16 Oct 2020

Did Xi deliver a message to Modi at Mamallapuram, which though couched in a velvet glove was time-bound? What was that message? It is clear Indian/Israeli/US spy satellites would not have missed detecting Chinese troop movements towards the Ladakh-Tibet frontier. Then why did some important functionaries in the Government of India choose to only ask the Russians about this in April 2020? Was Russian reassurance of Chinese troop movements being part of a routine exercise the reason that the Leh-based XIV Corps did not mobilise itself for its annual summer exercises near the LAC? A fascinating excerpt from Iqbal Chand Malhotra's new book Red Fear: The China Threat.

'Without creating jobs and output, we are waiting for a disaster'

'Without creating jobs and output, we are waiting for a disaster'

Rediff.com4 Sep 2020

'We first need to acknowledge the truth.' 'We are trying to diminish the problem and say, everything is okay and green shoots are emerging.' 'Imagine you are a doctor and not getting accurate medical reports, how do you diagnose and treat the illness?' 'We are not dealing with a terminal illness here, we are dealing with BP and cholesterol, which are imminently curable.'

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.

PLA accelerates fortification of Indian border: Report

PLA accelerates fortification of Indian border: Report

Rediff.com12 Oct 2020

In fact, given the current tensions and massed troops on both sides, there is a danger that the LAC will become more like the Line of Control with Pakistan, a heavily fortified and strongly defended border where weapon fire exchanges regularly occur. Indeed, Stratfor Worldview research has listed a sharp increase in new Chinese facilities along the LAC in 2019-20.

India gets better for doing biz globally but still far behind China

India gets better for doing biz globally but still far behind China

Rediff.com30 Sep 2015

India has moved up 16 positions to rank 55th on a global index of the world's most competitive economies, where Switzerland remains on top.

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.

What The RBI Can Do About The Rupee

What The RBI Can Do About The Rupee

Rediff.com3 Aug 2022

'To simply let the rupee depreciate to any level according to market forces will not be in the country's interests.'

'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.

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.

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.

S&P lowers India's GDP growth to 5.2% over global recession fears

S&P lowers India's GDP growth to 5.2% over global recession fears

Rediff.com18 Mar 2020

S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar.

Bears take a breather as Chinese markets stabilise

Bears take a breather as Chinese markets stabilise

Rediff.com8 Jan 2016

Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.

Jaishankar, Wang Yi meet in Moscow amid LAC standoff

Jaishankar, Wang Yi meet in Moscow amid LAC standoff

Rediff.com11 Sep 2020

External Affairs Minister S Jaishankar and his Chinese counterpart Wang Yi met in Moscow on Thursday amid hopes of a possible breakthrough in reducing tensions along the Line of Actual Control (LAC) in eastern Ladakh.

India most booked destination globally in 2020, Delhi on top: Oyo report

India most booked destination globally in 2020, Delhi on top: Oyo report

Rediff.com31 Dec 2020

In December, over 1.7 million people have checked in over the weekends.

Markets are sending clear message

Markets are sending clear message

Rediff.com24 Dec 2020

The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.

Nearly 90% of top-500 stocks log gains in June

Nearly 90% of top-500 stocks log gains in June

Rediff.com30 Jun 2020

What worked for the markets was favourable global investor sentiment and encouraging flows into the emerging markets following stimulus measures taken by central banks.

Textile industry may lose 25% of its jobs

Textile industry may lose 25% of its jobs

Rediff.com10 Apr 2020

While the COVID-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown. Exporters say some customers are not taking delivery of the shipments because they have shut shop. Ready-made garment players had been hoping for a revival in demand in China but with the virus spreading to Europe, the US and other major markets, there are no orders coming from the major retailers.

Afghanistan: America Forsakes Friends, Allies

Afghanistan: America Forsakes Friends, Allies

Rediff.com31 Aug 2021

Remember the US withdrawal agreement was signed in February 2020. In the intervening period, a proper evacuation plan ought to have been in place. It was not. Consequently, tens of thousands of Afghans who had worked as interpreters, drivers, suppliers of goods and services, etc, face brutal retribution from the Taliban, Virendra Kapoor points out.

Memories of '62: Does India know China today?

Memories of '62: Does India know China today?

Rediff.com20 Mar 2014

On the title page of the Top Secret Report, Henderson-Brooks quotes the Chinese tactician Sun Tzu: 'Know yourself, know your enemy: A hundred battles, a hundred victories', says Claude Arpi, highlighting where the Indian Army and government failed to counter the Chinese attack in 1962.

Why's Modi going against his natural instinct?

Why's Modi going against his natural instinct?

Rediff.com2 Mar 2021

The promise of a less suspicious government is surprising. What about the disconnect between the new business stance and earlier push to dictate the narrative in politics and public life, wonders T N Ninan.

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.