'The approach today is, instead of giving loans to 100 MSMEs, let us give one loan to a big-ticket corporate.' 'And so many of these big fish deceived the banks and the banks are in the doldrums now with high NPAs.'
United States President Barack Obama recently elevated Dr Rajiv Shah, who currently serves as Under Secretary for Research, Education and Economics and Chief Scientist at the United States Department of Agriculture, as administrator for the United States Agency for International Development. Earlier, the Obama administration had named Shah's wife, Shivam Mallick Shah as Director of Special Initiatives, Office of Innovation and Improvement at the Department of Education.
'... are losing faith in the institutions of government, where people do not believe that the institutions of government operate according to the Constitution, within the confines of the law, where these institutions are seen to be representing a small faction of a particular community against all other (minority) communities.'
Dr Rajiv Shah, the senior-most Indian American in the Barack Obama administration, has been nominated as the administrator of the United States Agency for International Development -- the country's top foreign assistance programme.In nominating Shah, Obama said, "The mission of USAID is to advance America's interests by strengthening our relationships abroad. Rajiv brings fresh ideas and the dedication and impressive background necessary to help guide USAID."
In a boost to the embattled Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation's Parliament that Hindenburg Research's allegations of the presence of 'shell' companies in the Island nation are 'false and baseless' and that Mauritius was in compliance with OECD-mandated tax rules. US short seller Hindenburg on January 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies.
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.
The job of a prompt engineer does not necessarily require candidates to be trained in "hardcore" computer engineering skills. 'This is one of those rare jobs that opens the sector to the layman.'
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.
A top leader of the ruling Communist Party has asked China's over 25 million Muslims to "uphold the banner of patriotism" and reorient Islam to adapt to Chinese conditions, amid Beijing's diplomatic offensive to counter a damning UN report accusing it of serious human rights violations against Uygur Muslims.
With economic activity still to reach pre-pandemic levels, the RBI may slow down the pace of rate hikes until next year to quell soaring inflation while supporting growth, the Asian Development Bank (ADB) says in its latest report. The Manila-based multilateral funding agency has raised the inflation forecast for the current fiscal year ending in March 2023 to 6.7 per cent from its earlier projection of 5.8 per cent. For the next fiscal year too, the forecast has been revised upwards to 5.8 per cent from 5 per cent earlier.
Security agencies could track the flight path and even address of criminals involved in this cross-border illegal activity that is rearing its head over the last few years, he said on Saturday.
China on Friday announced plans to boost space cooperation with Pakistan, including the development of a space centre and launching of more satellites for its all-weather ally.
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
'People should realise that what we are fighting for today is actually for tomorrow, for future generations.'
India has abstained on a draft resolution tabled in the United Nations Security Council which condemned Russia's 'illegal referenda' and annexation of four Ukrainian territories and called for an immediate cessation of violence while underlining the need to find pathways for a return to the negotiating table.
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.
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.
The International Olympic Committee (IOC) too, is going big on popularising e-Sport with Singapore being confirmed to host the inaugural Olympic Esports Week in June next year.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
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 Indo-US relations on Monday came up for review as an American Congressional delegation led by Senator Judd Gregg met Prime Minister Manmohan Singh.
'... 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.'
As India and the United States are set to begin negotiations on two transformational deals -- Security of Supply Arrangement (SOSA) and Reciprocal Defence Procurement Agreement (RDP) -- the Pentagon has said that the defence industries of the two nations will come together once the negotiations conclude.
Enthused by higher than expected GDP numbers in the fourth quarter of 2022-23, Chief Economic Adviser (CEA) V Anantha Nageswaran on Wednesday said India's economic growth may exceed the initial estimate of 6.5 per cent in the current fiscal and the country can look for another year of solid economic performance.
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.
Trump had announced in May that the US will donate ventilators to India to help it fight the "invisible enemy".
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 IMF and World Bank have stopped loans, and the FATF warned its 39 member nations to block Taliban assets.
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 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.
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.
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.
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.
