In a drastic measure to stem any major disruption to the US economy as a result of the coronavirus outbreak, the Federal Reserve has cut its benchmark interest rate to almost zero and said it would buy USD700 billion in bonds. The covid-19 pandemic has sickened more than 156,000 people worldwide and left more than 5,800 dead. The death toll in the US stands at 68, while infections neared 3,700.
Prime Minister Narendra Modi spoke with Russian President Vladimir Putin on Friday during which he reiterated India's long-standing position on the Ukraine situation, favouring dialogue and diplomacy.
'... and without necessarily calling them Economic Surveys.' 'One should stick to the main focus, which is to give people a good perspective on how the economy is doing.'
The Securities and Exchange Board of India (Sebi) could soon issue interim orders imposing a market ban on the two former fund managers of Axis Mutual Fund (MF) for suspected front-running of trades, said people with knowledge of the development. "The market regulator has gathered prima facie evidence that demonstrates that the duo has violated the integrity of the market. "While a detailed investigation is still pending in the matter, Sebi could take action under Section 11 (4) to prevent further harm to the investors and the securities market," said a source.
The inexperienced Uddhav is forced to match up against 24x7 political pros Amit Shah and Narendra Modi who have the added advantage of wielding power at the Centre, asserts Virendra Kapoor.
Less than a week after he was sworn in as head of the United States Agency for International Development, Dr Rajiv Shah sprang into the national limelight when President Barack Obama designated him as the government's chief disaster coordinator for Haiti.
The United States Senate has approved the nomination of Rajiv Shah to head the US Agency for International Development, making him the highest ranking Indian-American in the administration.
The G20 declaration, which hit snags on the language to describe the Ukraine war, amounted to a 'coup' for host Prime Minister Narendra Modi though the final compromise statement reflected a stand far softer than those the United States and its Western allies have adopted on Russia, the world media said on Sunday.
Prime Minister Narendra Modi spoke with Ukrainian President Volodymyr Zelenskyy on Tuesday and asserted that there can be no military solution to the Ukraine conflict, while also underlining that endangerment of nuclear facilities could have catastrophic consequences.
The United States Agency for International Development will provide a $10 million technical aid for development of Indian insurance sector over the next four years.\n\n\n\n
Known to be having extensive expertise in dealing with India's neighbourhood as well as the US, China and Europe, the 1988-batch Indian Foreign Service (IFS) officer pipped nearly half-a-dozen others in the race for the coveted post including Indian High Commissioner to UK Gaitri Issar Kumar (1986-batch IFS) and Ruchira Kamboj (1987 batch IFS).
The three Americans killed in a suicide attack in Pakistan's Lower Dir district on Wednesday were neither journalists nor employees of the United States Agency for International Development, as reported by the media. The three victims, who were killed when a suspected suicide bomber targeted a security convoy in the restive area, were US soldiers.
Dr Rajiv Shah, administrator of the United States Agency for International Development and the highest-ranking Indian American in the Barack Obama administration, has set the record straight over conflicting reports that he had visited a relief camp run by a front organisation of Jamaat-ud-Dawa in Pakistan's Sindh province and handed over US aid.The JuD is headed by Hafiz Saeed, the founder of Lashkar-e-Tayiba and alleged mastermind of the horrific 26/11 terror attacks.
Conflicting claims were made on Wednesday about the visit of United States Agency for International Development's Indian-origin chief Rajiv Shah to a relief camp, run by a front organisation of Jamaat-ud-Dawah, in Pakistan's flood-hit Sindh province and his handing over of aid to it.
The IMF and World Bank have stopped loans, and the FATF warned its 39 member nations to block Taliban assets.
'If they don't make Ajit Pawar chief minister, what can he do?'
The Indo-US relations on Monday came up for review as an American Congressional delegation led by Senator Judd Gregg met Prime Minister Manmohan Singh.
The airport, coming up in neighbouring Navi Mumbai, is expected to relieve the pressure on the Mumbai international airport. Some local politicians had demanded that the new airport be named for farmer leader late D B Patil. Urban Development Minister Eknath Shinde, who made the announcement, said the chief minister has assured the DB Patil Action Samiti, which is raising this demand, that some other project will be named after the farmer leader.
Much to the surprise of Beijing, Nepal's Parliament on Sunday ratified the contentious US-funded $500 million Millennium Challenge Corporation compact along with an interpretive declaration a day ahead of the February 28 deadline set by Washington.
Trump had announced in May that the US will donate ventilators to India to help it fight the "invisible enemy".
On his maiden visit to Beijing, Pakistan Prime Minister Shehbaz Sharif held talks with Chinese President Xi Jinping during which the two leaders agreed to strengthen the all-weather friendship and the USD 60 billion China-Pakistan Economic Corridor (CPEC).
Chinese and Russian warplanes on Tuesday conducted joint air patrols over the Sea of Japan, the East China Sea and the West Pacific Ocean as the leaders of Quad held their in-person summit in Tokyo, in an apparent attempt to send a message of unity between Beijing and Moscow.
Four years after it broke many hearts, Indian Space Research Organisation's Chandrayaan is all set to soar towards the moon in its third expedition on Friday in an attempt to put the country in an elite club of nations that accomplished lunar missions with a soft landing.
States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.
High-level intelligence collection will no longer be the preserve of government agencies alone, says Pranjal Sharma.
The death of six Indians working on a United States Agency for International Development-funded road project between Khost and Paktia provinces in southern Afghanistan last week and confirmation from Pakistan that it is concerned over India's "over-ingress" in Afghanistan is setting the stage for a new round of regional diplomacy, when US Secretary of State Hillary Clinton comes visiting later this month.
The USAID workers were on a visit to a girls' school in the Koto area, located some 15 km from Lower Dir's headquarters in Timargarah, when the remote-detonated bomb went off. More than 70 persons have been injured in the blast. The slain girls were in their classroom when the bomb was detonated. So it is believed that the toll could go higher.
Indian start-ups raised issues, such as blockages in international wire transfers, disruptions due to threshold limits on withdrawals, lack of communication from US agencies, and the need for preferential access to credit, in a meeting with the government over the fallout of Silicon Valley Bank's collapse. Rajeev Chandrasekhar, minister of state for electronics and information technology, held a virtual meeting with over 450 members from start-ups, venture capitalists, and investors who have been directly affected by the closure of SVB. He assured them that the IT ministry would put together a list of suggestions and give it to the finance minister on behalf of start-ups.
The International Monetary Fund (IMF) has said India and China will account for half of the global economic growth in 2023, as the multilateral agency retained its growth forecast for Asia's third-largest economy for 2023-24 (FY24). "India remains a bright spot. Together with China, it will account for half of global growth this year, versus just a tenth for the US and euro area combined," the IMF said in its latest update to the biannual World Economic Outlook. Growth in India is set to decline from 6.8 per cent in 2022 (FY23) to 6.1 per cent in 2023 (FY24) before picking up to 6.8 per cent in 2024 (FY25), the global lender said while citing "resilient domestic demand despite external headwinds".
The army in its warning has asked personnel about the need to be sensitised about the Pakistani spy agencies' designs while downloading the application.
The Ahmedabad Urban Development Authority (AUDA) on Wednesday invited proposals from consultants to conduct a 'gap analysis' to assess the existing infrastructure in the city and to state what more is needed to make it a potential venue for the Olympic Games.
One of the challenges for those car graves is that Indian owners often find markets for their old cars rather than send them to scrapyards.
'If ever India loses its patience after repeated terror attacks and decides to retaliate against the terrorist camps, Pakistan may term that a conventional military attack and invoke the nuclear option. This is a way to continue with terrorism without retaliation.'
What would you rather be -- a clerk at work or a contributing member of a project?
India has sent a team to Kabul to oversee the delivery of India's humanitarian assistance to Afghanistan and hold discussions with the Taliban over the aid provided by New Delhi.
India has so many relationships, such an ability to communicate and find touch points with different countries and regions.
Narendra Modi's engagement at the upcoming BRICS Summit in Brazil will be keenly watched as the prime minister will interact with some of the world's most powerful leaders. The summit to be held in Fortaleza will also see the launch of the significant BRICS bank whose idea was mooted by India. Rediff.com's Sheela Bhatt gives a lowdown on Modi's first major international rendezvous.
